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Course Overview

Course Overview. Supply and demand curves What causes a shift Link between firm and market Producer and consumer surplus Cost curves Optimal output Profit Shut down Elasticities and Flexibilities Definition, formula, when to use, how to use. Futures and options Definition and math

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Course Overview

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  1. Course Overview • Supply and demand curves • What causes a shift • Link between firm and market • Producer and consumer surplus • Cost curves • Optimal output • Profit • Shut down • Elasticities and Flexibilities • Definition, formula, when to use, how to use

  2. Futures and options • Definition and math • Basis • Hedging and speculation • Calculate price or return • Position diagram • Net price • Profit

  3. Grain marketing • Uses of grain • Balance sheet • Livestock marketing • Size of sectors • Live, in the meat, value based • Price forecasting • Sources and tools

  4. Credence attributes • Traceability – certification • Contracts • Production v marketing • Motivation and control • Integration v concentration • Market structure • Types • How to define

  5. Coops • Requirements • Purpose • Trade • Trends in US ag trade • Comparative advantage • Marketing margins • How to measure • Trend, share and components

  6. Marketing Channel • Different functions and types • Relative size • Trends • Role of Government • Consumer protection • Market efficiency • Farm policy

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