Program Requirements
The Minor in Agricultural Economics will complement a student's education in four ways. First, as a social science, Economics will provide an alternative perspective for students in the Faculty. Second, the Minor will provide an excellent foundation of the workings of the economy at large. Third, it will aid students in understanding the business environment surrounding the agri-food industry. Finally, it will challenge students to analyze the interaction between the agricultural economy and the natural resource base.
For information on academic advising, see: http://www.mcgill.ca/macdonald/studentinfo/advising
Required Courses (12 credits)
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AGEC 200 Principles of Microeconomics (3 credits)
Overview
Agricultural Economics : The field of economics as it relates to the activities of individual consumers, firms and organizations. Emphasis is on the application of economic principles and concepts to everyday decision making and to the analysis of current economic issues.
Terms: Fall 2024
Instructors: Harou, Aurelie (Fall)
Fall
3 lectures
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AGEC 201 Principles of Macroeconomics (3 credits)
Overview
Agricultural Economics : The overall economic system, how it works, and the instruments used to solve social problems. Emphasis will be on decision-making involving the entire economic system and segments of it.
Terms: Winter 2025
Instructors: Mukhopadhyay, Kakali (Winter)
Winter
3 lectures
Prerequisite: AGEC 200 or equivalent
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AGEC 330 Agriculture and Food Markets (3 credits)
Overview
Agricultural Economics : Nature and organization of agricultural and food markets as economic institutions, including the application of economic theory to problems within the agri-food marketing chain. Spatial and temporal price relationships, and the role of market structure.
Terms: This course is not scheduled for the 2024-2025 academic year.
Instructors: There are no professors associated with this course for the 2024-2025 academic year.
Prerequisite: AGEC 200 or equivalent
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AGEC 333 Resource Economics (3 credits)
Overview
Agricultural Economics : The role of resources in the environment, use of resources, and management of economic resources within the firm or organization. Problem-solving, case studies involving private and public decision-making in organizations are utilized.
Terms: Fall 2024
Instructors: Thomassin, Paul (Fall)
Fall
Prerequisites: AGEC 200 or equivalent
Complementary Courses (12 credits)
12 credits of complementary courses selected from:
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AGEC 231 Economic Systems of Agriculture (3 credits)
Overview
Agricultural Economics : The structure and organization of Canada's agriculture-food system, the operation, financing, linkages, and functions of its components. Focus to be on management of the various components and the entire system, types of problems confronted now and in the future.
Terms: Winter 2025
Instructors: Doidge, Mary (Winter)
Winter
3 lectures
Prerequisite: AGEC 200 or equivalent
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AGEC 242 Management Theories and Practices (3 credits)
Overview
Agricultural Economics : An introduction to contemporary management theories and practices in organizations of the food sector.
Terms: This course is not scheduled for the 2024-2025 academic year.
Instructors: There are no professors associated with this course for the 2024-2025 academic year.
Fall
3 lectures
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AGEC 320 Intermediate Microeconomic Theory (3 credits)
Overview
Agricultural Economics : An intermediate theory course in agricultural economics, dealing with economic concepts as applied to agricultural production and cost functions. Includes theory and application of linear programming as related to production decisions.
Terms: Winter 2025
Instructors: Mukhopadhyay, Kakali (Winter)
Winter
3 lectures
Prerequisite: AGEC 200 or equivalent
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AGEC 332 Farm Management and Finance (3 credits)
Overview
Agricultural Economics : Managing and financing a farm business. Topics include: the decision making process, farm management and economic concepts, the analysis of financial statements, farm planning and budgeting, input management, investment analysis, risk in financial management, the acquisition and cost of capital.
Terms: Fall 2024
Instructors: Doidge, Mary (Fall)
Prerequisite: AGEC 200 or equivalent
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AGEC 425 Applied Econometrics (3 credits)
Overview
Agricultural Economics : The theory and application of econometrics to empirical issues in agriculture and environment. Diagnosis and treatment of standard violations of the assumptions underlying ordinary least squares.
Terms: Fall 2024
Instructors: Doidge, Mary (Fall)
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AGEC 430 Agriculture, Food and Resource Policy (3 credits)
Overview
Agricultural Economics : Examination of North American and international agriculture, food and resource policies, policy instruments, programs and their implications. Economic analysis applied to the principles, procedures and objectives of various policy actions affecting agriculture, and the environment.
Terms: Winter 2025
Instructors: Hickey, Gordon (Winter)
Winter
3 lectures
Prerequisites: AGEC 200 or equivalent
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AGEC 442 Economics of International Agricultural Development (3 credits)
Overview
Agricultural Economics : The course deals with economic aspects of international development with emphasis on the role of food, agriculture and the resource sector in the economy of developing countries. Topics will include world food analysis, development project analysis and policies for sustainable development. Development case studies will be used.
Terms: Winter 2025
Instructors: Harou, Aurelie (Winter)
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AGEC 450 Agribusiness Management (3 credits)
Overview
Agricultural Economics : Strategic management of agricultural and food businesses. Analysis of internal and external factors and competitive forces affecting agribusinesses. Formulation of business strategy and solutions to strategic problems. Case-based course designed to enhance students' problemsolving and decisionmaking skills. Integration of knowledge and tools from various economics and business disciplines.
Terms: This course is not scheduled for the 2024-2025 academic year.
Instructors: There are no professors associated with this course for the 2024-2025 academic year.
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AGEC 491 Research and Methodology (3 credits)
Overview
Agricultural Economics : Conceptual and philosophical foundations of research methodology, and the procedural aspects of planning, designing and conducting research in applied economics.
Terms: Fall 2024
Instructors: Thomassin, Paul (Fall)
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AGEC 492 Special Topics in Agricultural Economics 01 (3 credits)
Overview
Agricultural Economics : Students will pursue topics that are not otherwise available in formal courses. An individual course of study will be followed under the supervision of a member of the staff qualified in the appropriate discipline or area.
Terms: Fall 2024, Winter 2025
Instructors: There are no professors associated with this course for the 2024-2025 academic year.
Fall, Winter
Prerequisite: AGEC 201 or equivalent
