FARE 6190

A course in microeconomic theory applied to agricultural and food economics research. The theory of the firm is used to analyze production and resource use in the agri-food sector. Resource allocation issues, risk responsive decision-making, and firm strategy on vertical and horizontal integration are studied. Consumer theory is used to analyze food purchase decisions. How theoretical relationships are quantified and used in the analysis of public policy issues is emphasized. Offered in conjunction with FARE*3030. Extra work is required for graduate students. [Offering(s): Annually][Restriction(s): Credit may be obtained for only one of FARE*6190 or FARE*3030][Department(s): Department of Food, Agricultural and Resource Economics]