Dr. Quinn Weninger
471 Heady Hall
294-8976
This course explores the economic theory of the structure, conduct and performance of agricultural
markets. Specific topics covered will include (i) the theory of the firm and the determinants of firm
boundaries, (ii) neoclassical models of firm behavior, (iii) perfectly competitive markets, (iii) monopolistic
and monopsonistic markets, (iv) price discrimination, (v) oligopoly and oligopsony, and
(vi) strategic market behavior.
Syllabus
Term Paper Assignment
Download past exams:
· Midterm1-F01, Midterm2-F01, Final-F01
· Midterm1-S02, Midterm2-S02, Final-S02
· Midterm1-F02, Midterm2-F02, Final-S03
Interesting reading:
· Certifiable pork - Ag Innovation News
· Vertical Coordination of Marketing Systems: Lessons From the Poultry, Egg and Pork Industries
· Concentration in Agricultural Markets
· Cargill merger with Continental Grain
· Policy Issues in the Changing Structure of the Food System
· Enhance fair and open competition (Harkin Bill)
Useful Links:
· U.S. Department of Justice: Antitrust Division
· Federal Trade Commission Home Page
· Carlton/Perloff Companion Web Site
· Iowa Department of Agriculture and Land Stewardship
Problem Set and Answerkey
