AGEC 1113—INTRODUCTION TO AGRICULTURAL ECONOMICS

AGEC 1113 CLASS WEBSITE

View your grades (in an Excel spreadsheet) here. These are the final grades that will be used to assign letter grades.

The answers for each person who took the exam and the answer key is posted here.

SYLLABUS

CLASS ANNOUNCEMENTS

Chapter	Dates covered	Homeworks
	4/28	Saving and investing for retirement
	4/25	What percent of my income should I save for retirement? using these slides
	4/21	Exam 3 Study Guide. Answers to Homework 18
	4/18	Exam 3 Study Guide.
	4/16	Homework 18 will be given Wednesday but not due until the end of class on Friday.You will write your answers on both the homework that you will keep and you will submit your answers using this sheet. Answers to Homework 18
	4/9	A hard copy of Homework 17 is due April 14 at the beginning of class.
The materials in (7.c) Shifts in supply and demand curves and (7.d) About the supply curve	4/9	A hard copy of Homework 17 is due April 14 at the beginning of class.
The materials in (7.e) About the demand curve and (7.f) Changes in market equilibria	4/11
The materials in (7.c) Shifts in supply and demand curves and (7.d) About the supply curve	4/9	A hard copy of Homework 17 is due April 14 at the beginning of class. Answers to Homework 17
The materials in (7.b) Introduction to supply and demand curves and (7.c) Shifts in supply and demand curves. Here are two slides about solving for the equilibrium price and quantity.	4/7
(6.c) A General Theory of Prices Answer these questions	4/4	Homework 16 is due the beginning of class on April 9 Answers to Homework 16
(6.b) Value These questions (PowerPoint file) (pdf file)	4/2
(6.a.iv) Net Present Value and Opportunity Costs This worksheet and and here are the answers.	3/31	Homework 15 is due the beginning of class on April 4. Verify submission here Answers to Homework 15
(6.a.iii) Compound interest . Notes on these slides	intentionally left blank
(6.a.ii) Opportunity costs and harvesting trees	3/26	Homework 14 is due the beginning of class on April 2. Verify submission here Answers to Homework 14
(6) The General Theory of Prices (an introduction) and (6.a.i) Opportunity Cost	3/24	No active homeworks
(5) EXTERNALITIES	3/12	No active homeworks

Online Textbook

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(1) INTRODUCTION TO ECONOMICS
      (1) Welcome to agricultural economics
      (1.a) What is economics?
      (1.b) Harmonizing individual and social interests
      (1.c) When markets defeated Malthus <
      (1.d) The story of the pessimistic Edward Ruffin
      (1.e) Other Videos
      (1.f) Cost-Benefit Analysis

(2) ECONOMICS OF TRADE
     (2.a) Comparative Advantage and Gains From Trade
     (2.b) Trade, Specialization, and the Origin of Wealth
          (2.b.i) The Bounty of Trade: When Robinson Met Friday
          (2.b.ii) David Hume meets a locavore
     (2.c) The Parable of the magic island

(3) CREATIVE DESTRUCTION

(4) ECONOMICS OF PRODUCTION
     (4.a) A primer on tangent lines
     (4.b) The three stages of production
     (4.c) Marginal product
     (4.d) Costs, revenues, and profits
     Slides handed out in class.
     (4.e) When to grow Used these slides in class.

(5) EXTERNALITIES

(6) THE GENERAL THEORY OF PRICES
     (6.a) Opportunity Costs
           (6.a.i) Opportunity Costs
           (6.a.ii) Harvesting Trees
           (6.a.iii) Compound interest
           (6.a.iv) Net present value and opportunity cost
     (6.b) Value
     (6.c) A General Theory of Prices

(7) Supply and Demand
     (7.a) Why we learn supply and demand
     (7.b) Introduction to supply and demand
     (7.c) Shifts in S and D curves
     (7.d) About the supply curve
     (7.e) About the demand curve
     (7.f) Changes in market equilibria

(RPR) Retirement Planning Resources

(Happy) Living a Happy and Meaningful Life

(8) Food Paternalism

(8) Long-Run Supply and Demand

(9) Markets and Tunnel Vision

(10) Markets and Externalities

(11)Food Paternalism

(GR&FC) The Great Recession and Financial Crisis of 2008