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Virginia Tech

AAEC-1005: Economics of the Food and Fiber System

Description: 1005: How the individual economic actor makes rational choices as: consumer, producer, firm/farm, saver, investor, employee, employer, manager, trader. Economic principles that underlie exchange in business, government and household transactions. Utility maximization in the U.S. and global food and fiber system under conditions of scarcity. Evaluation of policy issues important to society. 1006: Overview of economic systems: capitalism versus communism, socialism, feudalism, mercantilism. Interrelationships of U.S. economic fiscal and monetary institutions and policies regarding agricultural productivity, business vitality, sustainable development, and human capital formation. Affordability, safety and security of food and fiber, cultural dynamics, consumer welfare, industrial profitability, natural resources conservation, rural economic infrastructure, international trade, and social justice.

Pathways: 3 Reasoning in Social Sciences, 11 Intercultural&Global Aware.

Course Hours: 3 credits

Corequisites: N/A

Crosslist: N/A

Repeatability: N/A

Sections Taught: 31

Average GPA: 2.85 (rounds to B)

Strict A Rate (No A-) : 18.92%

Average Withdrawal Rate: 2.77%

Michael J Ellerbrock202436.7%28.5%19.7%8.6%3.3%3.2%2.8013
Staff Beverly202228.3%40.8%17.2%5.9%3.9%3.9%2.862
Roshan Puri202331.4%36.3%18.7%5.4%6.0%2.2%2.832
Megan F Dickhans201946.2%35.8%13.5%4.5%0.0%0.0%3.141
De Queiroz Pedro W Vertino202440.0%34.3%17.8%2.2%2.1%3.7%3.073
Shamar L Stewart202056.5%32.4%7.7%2.1%1.4%0.0%3.421
Stephen K Stephenson202417.3%33.8%30.1%10.4%5.0%3.2%2.495
Yang Cheng202165.9%24.4%9.7%0.0%0.0%0.0%3.561
Aveiga Staff Villacis202054.8%37.7%3.8%3.8%0.0%0.0%3.371
Chanita Holmes201925.0%38.2%23.5%8.9%0.0%4.4%2.821
Zhenyu Yao202014.1%39.0%26.6%17.3%3.1%0.0%2.471

Grade Distribution Over Time

1234GPA
Spring 2019Fall 2019Spring 2020Summer I 2020Fall 2020Spring 2021Summer I 2021Fall 2021Spring 2022Summer I 2022Fall 2022Spring 2023Summer I 2023Fall 2023Spring 2024Fall 2024Term050% W