|02-303 Price and Production Analysis W(3-2)|
A course in microeconomic theory applied to agricultural economics research. The theory of the firm is used to analyze production and resource use in agriculture. Concepts of duality, intertemporal resource allocation issues and risk responsive decision-making are studied. Consumer theory is used to analyze food purchase decisions. How theoretical relationships are quantified and used in the analysis of public policy issues is emphasized.
|Prerequisites: 36-231, 36-277.|
|Exclusions: 02-324, 02-329.|
|1998-99 Undergraduate Calendar|