AGEC 5710 - Advanced Agricultural Market Theory

Credits: 3
Max Credit 3

Theoretical foundations of the study of agricultural markets and how business is conducted in those markets. Topics include pure competition, industrial organization concepts related to imperfect competition including game theory, principal-agent theory, transaction costs economics, intermediary theory, and welfare implications of alternative agricultural market structures.

Prerequisite: ECON 3020 and MATH 2350.