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Apr 25, 2024
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AGRB 2080 - Quantitative Agribusiness Analysis I 3 Credits (3 Contact Hours)
Integrates business calculus, introductory microeconomic theory, and introductory statistics to develop agribusiness decision tools. Unconstrained profit maximization, production maximization and cost minimization problems are solved using calculus for one and two variable input problems. The use of cumulative probability functions for agricultural commodity prices and yields are introduced as risk management tools. Emphasis is placed on using introductory differential calculus techniques in combination with foundational statistical concepts and economic theory to guide practical real-world agribusiness decisions. Preq: AGRB 2020 or ECON 2110 ; and MATH 1020 with a grade of C or higher and STAT 2300 with a grade of C or higher.
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