AGRIBUSINESS ECONOMICS AND MANAGEMENT
Includes a sequential study of subject material in agribusiness management and managerial economics related to the management of agricultural businesses. Topics related to agribusiness management in the U.S., including organizational structure, marketing, strategy, financial statements, financing and production planning. Concepts from managerial economics as applied to the agribusiness firm, including production theory, cost analysis, pricing strategies, cost-benefit analysis, investment decisions and competition strategies.
Prerequisites & course information
Requisites: ( ECON 301 or 311 ) and A A E 335 , or graduate/professional standing Course Designation: Grad 50% - Counts toward 50% graduate coursework requirement Repeatable for Credit: No Last Taught: Spring 2026 Learning Outcomes: 1. Evaluate the different organizational and operational structures of contemporary agricultural businesses and the advantages and disadvantages of each. Audience: Both Grad & Undergrad 2. Identify the role and impact of marketing and human resource management used in decision making within the firm and across the supply chain. Audience: Both Grad & Undergrad 3. Interpret financial statements and calculate and analyze a variety of important financial ratios used in making managerial decisions. Audience: Both Grad & Undergrad 4. Examine an agricultural business to determine its strengths, weaknesses, and opportunities for improvement. Audience: Both Grad & Undergrad 5. Explain the profit function and how to determine areas of profit maximization and cost minimization. Audience: Graduate 6. Evaluate various pricing and competition strategies. Audience: Graduate Learning Outcomes: 1. Evaluate the different organizational and operational structures of contemporary agricultural businesses and the advantages and disadvantages of each. Audience: Both Grad & Undergrad 2. Identify the role and impact of marketing and human resource management used in decision making within the firm and across the supply chain. Audience: Both Grad & Undergrad 3. Interpret financial statements and calculate and analyze a variety of important financial ratios used in making managerial decisions. Audience: Both Grad & Undergrad 4. Examine an agricultural business to determine its strengths, weaknesses, and opportunities for improvement. Audience: Both Grad & Undergrad 5. Explain the profit function and how to determine areas of profit maximization and cost minimization. Audience: Graduate 6. Evaluate various pricing and competition strategies. Audience: Graduate
Sources
- Course catalogue ↗2026-2027