AGBM 101Economic Principles of Agribusiness Decision Making
This course introduces students to microeconomic principles in the context of food and agriculture. More specifically, the course examines market supply and market demand in various food and agricultural products, then examines how consumers make decisions about food to maximize their utility subject to a budget constraint, then examines profit-maximizing decisions by farms and food industry firms, and finally looks at special topics related to food and agriculture. By the end of the course, students will have key literacies on economic modeling and decision making as well as the food and agricultural sectors of the U.S. economy.
Prerequisites
None listed in the catalog.
General education
Social & Behavioral Sciences (GS)
Where it sits in degree plans
Suggested plans most often put it in Year 1 · Spring (8 programs).
One of the options in (14)
- Agribusiness Management, B.S.
- Agribusiness Management, Minor
- Agricultural and Biorenewable Systems Management, B.S.
- Animal Science, B.S.
- Community, Environment, and Development, B.S.
- Environmental Resource Management, B.S.
- Forest Ecosystem Management, B.S.
- Landscape Contracting, B.S.
- Plant Sciences, B.S.
- Security and Risk Analysis, B.S. (Altoona)
- Security and Risk Analysis, B.S. (Berks)
- Security and Risk Analysis, B.S. (Capital)
- and 2 more
Courses that list AGBM 101 as a prerequisite (18)
- ABSM 402 Foundations of Sustainable Business
- AGBM 106 Agribusiness Problem Solving
- AGBM 302 Food Product Marketing
- AGBM 308W Strategic Decision Making in Agribusiness
- AGBM 320 Markets and Prices: Analysis and Forecasting
- AGBM 338 Agribusiness in the Global Economy
- AGBM 407 Farm Planning and Financial Management
- AGBM 455 Retail Horticulture Business Management
- AGBM 470A Comparing Agricultural and Food Systems in the US and France: Lecture
- BRS 437 Bioproduct Marketing and Sales
- CED 309 Land Economics and Policy
- CED 428 Economic Decision-Making for Sustainability
- ERM 402 Foundations of Sustainable Business
- ERM 411 Legal Aspects of Resource Management
- ERM 449 Sustainable Water Management: Economics and Policy
- FOR 440 Forest and Conservation Economics
- HORT 455 Retail Horticulture Business Management
- INTAG 470A Comparing Agricultural and Food Systems in the US and France: Lecture