AAEC-1006: 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: 44
Average GPA: 2.70 (B)
Strict A Rate (No A-) : 16.24%
Average Withdrawal Rate: 2.75%
| Michael J Ellerbrock | 2024 | 24.9% | 35.6% | 24.3% | 9.0% | 3.4% | 2.8% | 2.68 | 39 |
| Mary A Marchant | 2010 | 14.6% | 52.2% | 25.4% | 5.4% | 2.4% | 0.0% | 2.71 | 1 |
| Mercadante Staff Morelli | 2023 | 29.4% | 43.1% | 19.0% | 5.2% | 0.0% | 3.4% | 2.93 | 1 |
| Paula M Mercadante | 2023 | 31.0% | 42.3% | 19.0% | 4.0% | 0.8% | 3.1% | 3.01 | 2 |
| Staff Abedin | 2024 | 26.4% | 35.3% | 29.4% | 7.4% | 0.0% | 1.5% | 2.75 | 1 |