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AGRC 113.3 | Agri Food Issues and Institutions
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Learning Modules 1-6
Module 1: Why do I have to take economics?
What is Economics?
Mankiw’s First Seven Principles of Economics
What is Agriculture?
Where Do We Go From Here?
Module 1 Activities
Module 1 Additional Resources
Module 2: The Value of Economic Thinking in Agriculture
Micro (and Macro) theory
Agricultural economics in context
Key economic concepts
The agriculture economy and your thoughts
Module 2 Summary
Module 2 Activities
Module 2 Additional Resources
Module 3: Sustainable Agriculture
What is Sustainability?
Three pillars of Sustainability
Sustainable Agriculture
Sustainability and Policy
Module 3 Summary
Module 3 Activities
Module 3 Additional Resources
Module 4: Agricultural Production
Agricultural Products
The Production Function
A numerical example of the production function
Factors affecting production
Technology and innovation – effects on production
Module 4 Summary
Module 4 Activities
Module 4 Additional Resources
Module 5: Production and Profit
How production is related to business
Considering the costs of production
Price – the last piece of the puzzle
Break-even analysis
What’s really going on?
Module 5 Summary
Module 5 Activities
Module 5 Additional Resources
Module 6: You – The Producer
You, the consumer
Where do products come from? Constructing the supply curve
Putting supply and demand together
Exogenous and Endogenous Changes – Demand
Exogenous and Endogenous Changes – Supply
Module 6 Summary
Module 6 Activities
Module 6 Additional Resources
Learning Modules 7-11
Module 7: Agricultural Markets
A Marginal Perspective of the Market
What Else Can We Determine from the Supply Side of the Market Model?
There’s More to Demand as Well…
Derived Demand and Value-Added
Elasticity
Shocks – Size and Elasticity
Module 7: Summary
Module 7: Activities
Module 7: Additional Resources
Module 8: When Markets Fail
Let’s Play Monopoly
He Said, She Said
Positive and Negative Externalities
Different Types of Goods
Module 8: Summary
Module 8: Activities
Module 8: Additional Resources
Module 9: Trade in Agricultural Products
How Does Trade Make Us Better Off?
Who Has the Advantage?
Trade Means Exports and Imports
Real World Stuff – Trade and Trade Policy
Module 9: Summary
Module 9: Activities
Module 9: Additional Resources
Module 10: Hot Topics in Agriculture I
Critical Thinking Through Debate
Will the Agriculture Industry be Able to Feed the Growing Human Population?
Innovation – Genetically Modified (GM) Food – Good or Bad?
The Rise in Demand for Organic Products – Sustainable or Not?
How Safe is Our Food?
With or Without Hormones and Antibiotics?
Module 10: Summary
Module 10: Activities
Module 10: Additional Resources
Module 11: Hot Topics in Agriculture II
Should farmers be concerned with water?
Should we grow food or fuel? You be the judge.
Animal welfare and animal rights… is it time for a change?
Is supply management good for Canada?
Carbon taxation – what does it mean for the agriculture industry?
Module 11: Summary
Module 11: Activities
Module 11: Additional Resources
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Syllabus
AGRC 113 W CS 201901 HESSELN
