AGRI 289 — Agricultural Markets (3 Credits, Varies)
This course focuses on the economics of agricultural markets, processes of price discovery, factors that influence agricultural prices, and agricultural marketing. Students learn to analyze supply, demand, and elasticities for agricultural commodities and examine local, national, and international factors that cause shifts in supply and demand. The course will cover trade, market structure, connections among market participants, futures markets as a tool for price risk management, and institutional arrangements in food marketing. The concepts of the theoretical economic framework covered in this class are applied in commodities relevant to the State of Idaho and the Northwest region. PREREQ: Placement into MATH 143P . (3 lecture hours, 0 lab hours, 3 credits)