Course Description : |
PrerequiPrerequisite: (0301101)
Economic concepts, resources and systems, analysis of input-output, input-input, and output-output relationships, analysis of costs of production, input and output decisions of agricultural firms, demand and supply and their related elasticities, market equilibrium, determination of prices and quantities, and types of markets. Basic agricultural economic concepts concerning resource use, price determination, and profit maximization are emphasized. |