Subject(s): Food industry : farm service sector, producers and farm structure -- Introduction to agricultural economics : Economic system, Microeconomics, market economics, macroeconomics, agricultural economist, economic models, centeris paibus, logical fallacies -- Introduction to market price determination : markets, demand and supply, price determination, elasticity -- Financial markets : Stock, Bonds, mutual funds -- Money and financial intermediaries : M1, near-monies, credit and debit cards, financial markets, commercial banking system -- Monetary policy : Money supply and economic activity, macroeconomic policy -- circular flow of income : Stock, flows and final goods, gross domestic product and national income, GDP, economic sector -- Fiscal policy : debt and deficits, Say's law, classical macroeconomic policy, Keynesian revolution, post world war II monetary and fiscal policy -- International trade : in US, agricultural products, foreign exchange markets, trade agreements, North american free trade agreement -- Agriculture policy : Food system, nature of agriculture problems, economic environment of agricultural policy issues -- Firm as a production unit : Perfectly competitive markets, diminishing marginal product -- Costs and optimal output levels : Factor-factor model, local cost minimization, local profit maximization, product-product model -- Firm supply and the market -- Imperfect competition and government regulation : Market structure, perfect competition, pure monopoly, monopolistic competition, oligopoly, government regulation -- Theory of consumer behaviour : Law of demand, real income and substitution effects, market demand and individual demand, market demand function -- Concept of elasticity : Arc elasticity, cross price elasticity, income elasticity, elasticity of supply -- Food marketing : food bill, food marketing bill, food market regulations -- Future markets : Forward pricing, future markets -- Farm service sector : Purchase input, insurance, credit, farm labour -- Investment analysis : Economic profitability of investment -- Environmental policy and market failure : Types of market failure,externalities cause market failure, higher education , information asymmetries -- Malthusian dilemma : Neo-Malthusians, Non-Malthusians, demographic transition -- Economic development and food : food demand during development -- Micro Economics -- Financial Market -- Fiscal Policy -- International Trade -- Policy