Feb 24, 2020  
2019 - 2020 Cowley College Academic Catalog 
2019 - 2020 Cowley College Academic Catalog



3 Credit Hours

Student Level:

This course is open to students on the college level in either the Freshman or Sophomore year.

Catalog Description:

AGR1230 - Agricultural Economics (3 hrs)

Agricultural economics applies the principles of economics to issues of agricultural production, natural resources, and farm development. Topics include product markets, farm production and market structure, global competition as well as international trade and government regulation.

Course Classification:




Controlling Purpose:

The purpose of Agricultural Economics is to provide students with an understanding of basic economic concepts involved in domestic and foreign agriculture necessary to enter and progress in positions in production agriculture, agricultural marketing industries, and related agri-business areas.

Learner Outcomes:

Competencies will be developed in the understanding of the principles of economics as applied to agriculture and the application of these principles to management in agriculture.

Unit Outcomes for Criterion Based Evaluation:

The following outline defines the minimum core content not including the final examination period. Instructors may add other material as time allows.

UNIT 1: Terminology

Outcomes: Upon completion of the unit, the students will be able to successfully describe and apply economic terms associated with production agriculture and the population it supports.

  • Define and use basic economic terms.
  • Identify basic economic concepts.
  • Explain population and resource trends and characteristics.

UNIT 2: Agricultural Economics and the World

Outcomes: Upon completion of the unit, the students will be able to successfully list global food needs and report on world hunger differences based on economic status.       

  • Identify and explain characteristics of U.S. farms and food consumption.
  • Describe and apply the basic tools of economic analysis.
  • Identify world food needs and supplies.

UNIT 3: Agribusiness Plan

Outcomes: Upon completion of the unit, the students will be able to successfully demonstrate the ability to build a business plan for an agribusiness enterprise based on economic concepts and policies.

  • Analyze agricultural problems and policies.
  • Describe economic managerial concepts.
  • Make decisions based on economic managerial concepts.
  • Develop agriculture and agribusiness plans based on economic concepts.

Projects Required:

Varies, refer to syllabus.


Contact Bookstore for current textbook.

Attendance Policy:

Students should adhere to the attendance policy outlined by the instructor in the course syllabus.

Grading Policy:

The grading policy will be outlined by the instructor in the course syllabus.

Maximum class size:

Based on classroom occupancy.

Course Time Frame:

The U.S. Department of Education, Higher Learning Commission and the Kansas Board of Regents define credit hour and have specific regulations that the college must follow when developing, teaching and assessing the educational aspects of the college.  A credit hour is an amount of work represented in intended learning outcomes and verified by evidence of student achievement that is an institutionally-established equivalency that reasonably approximates not less than one hour of classroom or direct faculty instruction and a minimum of two hours of out-of-class student work for approximately fifteen weeks for one semester hour of credit or an equivalent amount of work over a different amount of time.  The number of semester hours of credit allowed for each distance education or blended hybrid courses shall be assigned by the college based on the amount of time needed to achieve the same course outcomes in a purely face-to-face format.

Refer to the following policies:

402.00 Academic Code of Conduct

263.00 Student Appeal of Course Grades

403.00 Student Code of Conduct

Disability Services Program: 

Cowley College, in recognition of state and federal laws, will accommodate a student with a documented disability.  If a student has a disability which may impact work in this class which requires accommodations, contact the Disability Services Coordinator.