Describes the current structure of the agricultural industry as well as any changes taking place. Analytical methods including pricing models, measures of market structure, and game theory are developed to help understand and assess firm and industry behavior. Various empirical perspectives and linkages to theory are also introduced. This knowledge is used to examine topical issues like price discrimination, advertising, auctions, cartels and vertical integration/mergers as practiced by firms or industries associated with the agricultural sector. Weekly hours: 3 Lecture hoursPrerequisite(s): AREC 262 and AREC 272 or permission of the instructor. Note: Students with credit for BPBE 342 cannot take this course for credit.
Describes the current structure of the agricultural industry as well as any changes taking place. Analytical methods including pricing models, measures of market structure, and game theory are developed to help understand and assess firm and industry behavior. Various empirical perspectives and linkages to theory are also introduced. This knowledge is used to examine topical issues like price discrimination, advertising, auctions, cartels and vertical integration/mergers as practiced by firms or industries associated with the agricultural sector. Weekly hours: 3 Lecture hoursPrerequisite(s): AREC 262 and AREC 272 or permission of the instructor. Note: Students with credit for BPBE 342 cannot take this course for credit.
