1. Agricultural Economics ECN 3870 Dr. Ali R. Moshtagh 2605 Coleman Hall (217) 581-6967 amoshtagh@eiu.edu Office Hours: –11:00 - 11:50 MWF – 8:30 - 9:30 TR

2. 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.

3. 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;

4. 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;

5. 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.