Agricultural Economics ECN 3870 Dr. Ali R. Moshtagh 2605 Coleman Hall (217) Office Hours: –11: :50 MWF – 8:30 - 9:30 TR

Agricultural Economics Study of the allocation of scarce resources among those competing and alternative uses found in the production, processing, distribution, and consumption of agricultural commodities.

Objectives of Studying Ag-Econ. To understand the operation of the contemporary American economic system and to comprehend the mutual influences of the general economic system and the agricultural sector; To learn the general economic “laws” that describe rational human behavior in the production, processing, distribution, and consumption of food and fiber;

Objectives of Studying Ag-Econ. To appreciate the importance of international trade to the agriculture sector and the role of the U.S. agriculture sector in the world food situation; To examine and analyze typical economic problems confronting the managers of individual agricultural businesses;

Objectives of Studying Ag-Econ. To master the basic economic principles that should be applied in the rational management of businesses in agriculture; and To explore the economics of factors of production with particular emphasis on natural resource use and the problems of environmental integrity.