12/22/2024 4:28:55 AM	AG 70 Course Outline as of Fall 1981	New Course (First Version)
CATALOG INFORMATION
Discipline and Nbr:  AG 70	Title:  INTRO AGBUS/ECON
Full Title:  Introduction to Agriculture Business and Economics
Last Reviewed:9/24/2018

Units		Course Hours per Week			Nbr of Weeks	Course Hours Total
Maximum	3.00	Lecture Scheduled	3.00		17.5 max.	Lecture Scheduled	52.50
Minimum	3.00	Lab Scheduled	0		17.5 min.	Lab Scheduled	0
		Contact DHR	0			Contact DHR	0
		Contact Total	3.00			Contact Total	52.50
		Non-contact DHR	0			Non-contact DHR Total	0

Total Out of Class Hours:  105.00

Total Student Learning Hours: 157.50

Title 5 Category:  AA Degree Applicable
Grading:  Grade Only
Repeatability:  00 - Two Repeats if Grade was D, F, NC, or NP
Also Listed As: 
Formerly: 

Catalog Description:

Introduction to the economic aspects of agriculture and their implications to the market. The role of agricultural resources (land, labor, capitol management), major agricultural resource issues, and their policy remedies. Understanding the breadth and depth of the agribusiness industry.

Prerequisites/Corequisites:

Recommended Preparation:

Limits on Enrollment:

Schedule of Classes Information
Description:

Introduction to the economic aspects of agriculture and their implications to the market. The role of agricultural resources (land, labor, capitol management), major agricultural resource issues, and their policy remedies. Understanding the breadth and depth of the agribusiness industry.

(Grade Only)
Prerequisites:
Recommended:
Limits on Enrollment:
Transfer Credit:CSU;UC.
Repeatability:00 - Two Repeats if Grade was D, F, NC, or NP

ARTICULATION, MAJOR, and CERTIFICATION INFORMATION

Associate Degree:		Effective:	Fall 1981	Inactive:
Area:	D	Social and Behavioral Sciences
CSU GE:	Transfer Area			Effective:	Inactive:
	D	Social Science		Fall 1997
	D2	Economics
IGETC:	Transfer Area			Effective:	Inactive:
CSU Transfer:	Transferable	Effective:	Fall 1981	Inactive:
UC Transfer:	Transferable	Effective:	Fall 1999	Inactive:
C-ID:
CID Descriptor: AG - AB 124	Agriculture Economics	SRJC Equivalent Course(s): AGBU7

Certificate/Major Applicable: Certificate Applicable Course

COURSE CONTENT

Outcomes and Objectives:
At the conclusion of this course, the student should be able to:

  The student will:

     1. Discuss career opportunities and requirements for successful

        employment.

     2. Discuss the major components of the traditional circular flow

        diagram to describe the macro-operation of an econommy.

     3. Discuss the extent of the farm and food system in the United

        States.

     4. Identify the consumers role in market demand of agricultural

        products.

     5. Discuss and identify basic application in consumer theory and

        agriculture.

     6. Computer graph and analyze utility maximization, market demand,

        shifts of demand, cross elasticity, and income elasticity.

     7. Define and discuss supply and the source of the market supply

        curve.

     8. Identify changes and shifts in market supply.

     9. Compute, graph, and analyze elasticity of supply.

    10. Compute, graph, and analyze equilibrium and disequilibrium in

        the market.

    11. Discuss the impact of a shift in supply and demand.

    12. Discuss and explain competition and imperfect competition in the

        market.

    13. Identify marketing channels for agricultural commodities.

    14. Discuss marketing and government programs in agriculture.

    15. Explain the role of natural and human resources in agriculture

        economic performance, growth, and development.

Topics and Scope

  I.  Career Opportunities for Agribusiness Graduates

II.  Definition and Scope of Agriculture Economics

III.  The Farm and Food System

     A. Scope, health, and extent of production agriculture

        1. Business structure of farms

        2. Economic size classes of farms

        3. Vertical coordination and farmer cooperatives

        4. Farm output and agribusiness complex

     B. International trade in agricultural products

     C. Overview of an economic system

IV. Consumer Behavior and Demand

    A. Consumers/consumption - role of, why consume, trends in

       consumption, and income elasticity

 V. Concept of Supply

    A. Definitions of supply

    B. Source of the market supply curve

    C. Changes and shifts in market supply

    D. Elasticity of supply

VI. Market Price Determination

    A. Equilibrium in the market

    B. Disequilibrium in the market

    C. Impact of a shift in supply and demand

VII. Market Structure

    A. Competition and the market

    B. Imperfect competition and market regulation

    C. Antitrust laws and agricultural bargaining

VIII.Market Channel Orientation

    A. Marketing agricultural commodities

    B. Approaches to the study of marketing

    C. Marketing margins

IX. Solutions to the Farm Problem

    A. Orientation to cooperatives

    B. Marketing orders and government programs

 X. Natural Resources

    A. Natural resources used by agriculture

    B. Natural resources issues and resulting policy

Assignments:

  Problem sets, curriculum assignment, term paper

Methods of Evaluation/Basis of Grade.

Writing: Assessment tools that demonstrate writing skill and/or require students to select, organize and explain ideas in writing.		Writing 20 - 25%
Written homework, Essay exams, Term papers
Problem solving: Assessment tools, other than exams, that demonstrate competence in computational or non-computational problem solving skills.		Problem Solving 15 - 20%
Homework problems, Quizzes, Exams
Skill Demonstrations: All skill-based and physical demonstrations used for assessment purposes including skill performance exams.		Skill Demonstrations 15 - 20%
Class performances
Exams: All forms of formal testing, other than skill performance exams.		Exams 30 - 40%
Multiple choice, True/false, Matching items, Completion
Other: Includes any assessment tools that do not logically fit into the above categories.		Other Category 0 - 0%
None

Representative Textbooks and Materials:

  AGRICULTURE ECONOMICS AND AGRIBUSINESS - Cramer and Jensen

 Seventh edition, Wiley Publishing: New York: 1995

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