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Agricultural Economics 1041
Applied Microeconomics



Fall Semester 2007, 3 Credit Hours 
Waters Auditorium, 8:00 a.m. - 9:15 a.m. TR 

Waters Auditorium, 3:30 p.m. - 4:45 p.m. TR
 


Instructor:  Jan L. Dauve

Office:  202 Mumford Hall

E-mail:  dauvej@missouri.edu

Office hours:  10:00-12:00 MW or by appointment

 

Office Support:  Melinda Poole

Office:  200 Mumford Hall

E-mail:  poolema@missouri.edu

 

Aide (8 a.m. section):  Megan Twellman

Office:  200 Mumford Hall

E-mail:  mrtkb8@mizzou.edu

Office hours:  To be announced

 

Aide (11 a.m. section):  Rebecca Windmann

Office:  200 Mumford Hall

E-mail:  rmw8r5@mizzou.edu

Office hours:  To be announced

Information Sources
  • Textbook: We will be using a website as the textbook for this class.  The website is www.amosweb.com.
  • We will be using the Classroom Performance System (CPS).   Each student will need to purchase a response pad and register with E-Instruction.  The directions are in the package containing the response pad (clicker) and will be posted on Blackboard.
  • There will be a discussion most Tuesday nights from 6:00-8:00 p.m. in 133 Mumford (tentative).  There will not be discussions the Tuesday after exams.
  • The previous years' exams are posted at http://web.missouri.edu/~dauvej/studybank
  • Grades and other information will be posted on Blackboard at http://blackboard.missouri.edu
  • Technology is great when used properly.  Please turn off or do not bring cell phones to class.  A cell phone in sight during a quiz or exam will force us to take the quiz or exam.

Course Goals 


Economics is about decision-making.  Everything we do, or don’t do, requires a decision.  Economics provides practical information to help us assess alternatives.  The course addresses consumer and producer decision analysis, producer goals and profit optimization.  We add markets, where mutually beneficial exchange occurs.  Being able to explain why consumers, producers, corporations, environmentalists and governments make the decisions they do can be valuable (and frustrating).  Decisions are not made randomly, even if  when we do not agree with them. 

Microeconomic principles function as thinking tools.  This course focuses on using the tools rather than memorizing the "answer" to a particular problem.  As the decision making environment changes, proper use of economic tools allow us to analyze issues objectively.  You should be able to organize alternatives and analyze current situations for an individual or business.  This provides a starting point for effective decision making and better understanding of the world around us. 

Upon completing this course you should....

  1. Know how prices are determined

  2. Understand basic decision making

  3. Be able to explain how businesses make decisions

  4. Use economic thinking tools to analyze a wide array of issues

Academic Dishonesty 

Students and faculty should be aware of the University's commitment to prevent academic dishonesty.

Academic honesty is fundamental to the activities and principles of a university.  All members of the academic community must be confident that each person's work has been responsibly and honorably acquired, developed, and presented.  Any effort to gain an advantage not given to all students is dishonest whether or not the effort is successful.  The academic community regards academic dishonesty as an extremely serious matter, with serious consequences that range from probation to expulsion.  When in doubt about plagiarism, paraphrasing, quoting, or collaboration, consult the course instructor. 

Special Needs  


If you have special needs as addressed by the Americans with Disabilities Act and need assistance, please notify the Office of Disability Services, A048 Brady Commons, 882-4696 or Jan Dauve.  Reasonable efforts will be made to accommodate your special needs. 
 Agricultural Economics is part of the Social Science Unit of the College of Agriculture, Food, and Natural Resources at the University of Missouri-Columbia
 

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