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

3. 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.

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

5. 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 Townsend Hall

6. The next step is up to you!
Thank you for your attendance and participation.