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Introduction to Agricultural and Natural Resources

Introduction to Agricultural and Natural Resources. Course Summary FREC 150 Dr. Steven E. Hastings . FREC 150 – Economics of Agriculture and Natural Resources. Objectives Introduce the role of agriculture (the Food and Fiber System) in today’s economy.

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Introduction to Agricultural and Natural Resources

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  1. Introduction to Agricultural and Natural Resources Course Summary FREC 150 Dr. Steven E. Hastings

  2. FREC 150 – Economics of Agriculture and Natural Resources • Objectives • Introduce the role of agriculture (the Food and Fiber System) in today’s economy. • Introduce basic economic principles in agricultural, natural resource and environmental issues. • Convey the role of economics in managing current issues. • Summary • Course “opens the door” on the way economists “think about things” and using economic principles (tools) to address real world problems.

  3. The Door! Competitive Markets Marginal Utility Equi-marginal Returns Supply and Demand Externalities Invisible Hand

  4. The next step is up to you! • Thank you for your attendance and participation.

  5. Options for More! • FREC Majors • Food and Agribusiness Marketing and Management • Resource Economics • Natural Resource Management • Statistics • FREC Minors • Food and Agribusiness Marketing and Management • Resource Economics • Many Courses! – Marketing, Biotechnology, Environmental Economics, Statistics, etc! • Contact: Dr. Hastings - 209 Townsend Hall (hastings@udel.edu)

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