Agricultural Economics

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Agricultural Economics

• ECN 3870
• Dr. Ali R. Moshtagh
• 2605 Coleman Hall
• [phone]
• amoshtagh_at_eiu.edu
• Office Hours
• 1100 - 1150 MWF
• 830 - 930 TR

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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.

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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

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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

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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.