Introduction to Agricultural and Natural Resources

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Presentation transcript:

Introduction to Agricultural and Natural Resources Course Summary FREC 150 Dr. Steven E. Hastings

FREC 150 – Economics of Agriculture and Natural Resources Objectives Introduce the role of agriculture (the Food and Fiber System) in today’s economy. Introduce basic economic principles in agricultural, natural resource and environmental issues. Convey the role of economics in managing current issues. Summary Course “opens the door” on the way economists “think about things” and using economic principles (tools) to address real world problems.

The Door! Competitive Markets Marginal Utility Equi-marginal Returns Supply and Demand Externalities Invisible Hand

Options for More! APEC Majors Food and Agribusiness Marketing and Management Environmental and Resource Economics Natural Resource Management Statistics FREC Minors Resource Economics Many Courses! – Marketing, Biotechnology, Environmental Economics, Statistics, International Trade, etc! Contact: Dr. Hastings - 209 Townsend Hall (hastings@udel.edu)

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