SRJC Course Outlines

6/25/2024 10:59:24 AMAG 70 Course Outline as of Fall 1981

New Course (First Version)
CATALOG INFORMATION

Discipline and Nbr:  AG 70Title:  INTRO AGBUS/ECON  
Full Title:  Introduction to Agriculture Business and Economics
Last Reviewed:9/24/2018

UnitsCourse Hours per Week Nbr of WeeksCourse Hours Total
Maximum3.00Lecture Scheduled3.0017.5 max.Lecture Scheduled52.50
Minimum3.00Lab Scheduled017.5 min.Lab Scheduled0
 Contact DHR0 Contact DHR0
 Contact Total3.00 Contact Total52.50
 
 Non-contact DHR0 Non-contact DHR Total0

 Total Out of Class Hours:  105.00Total 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:
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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: Untitled document
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:
 DSocial ScienceFall 1997
 D2Economics  
 
IGETC:Transfer Area Effective:Inactive:
 
CSU Transfer:TransferableEffective:Fall 1981Inactive:
 
UC Transfer:TransferableEffective:Fall 1999Inactive:
 
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:
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  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
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  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:
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  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:
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  AGRICULTURE ECONOMICS AND AGRIBUSINESS - Cramer and Jensen
 Seventh edition, Wiley Publishing: New York: 1995

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