Summary of Institutional Economics - 750/850

2025-MT00551 Institutional Economics - 750/850

2025-15504-750 Agricultural Economics / Landbou-ekonomie - 750
2025-15504-850 Agricultural Economics / Landbou-ekonomie - 850

Manager: Elizabeth Von Wechmar
Facilitator: Lulama Nosantso Traub

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Selecting Your Group

Assignment 1: Schools of Economic Thought

Assignment 2

In Class Check-Your-Understanding (CYU)

Assignment 4

Case Study: 6 Killer Apps for prosperity

Assignment 5

Assignment 5: Decision Making with Actual Costs - case study

Assignment 6

Assignment 7: Rational Consumer

Assignment 8: Exhaustible Resource Allocation & Investment Case Study

Assignment 9

Podcast Assignment

In-class Sun Grain Inc. Case Study

Assignment 11: Prices for coordination, externalities and property rights

Course info

2025-MT00551 Institutional Economics - 750/850

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Course Outline

Week 1: Domain of Agricultural Economics - Course Introduction

Selecting Your Group

Assignment 1: Schools of Economic Thought

Week 2: Domain of Agricultural Economics - Schools of Thought

Assignment 2

Week 3: Domain of Agricultural Economics - What is economics

In Class Check-Your-Understanding (CYU)

Week 4: Domain of Agricultural Economics - Natural Resource Issues

Assignment 4

Week 5: Concepts of Economic Motivation: Part A - The basics of optimization

Case Study: 6 Killer Apps for prosperity

Assignment 5

Week 6: Concepts of Economic Motivation: Part A - Theory of the Firm

Assignment 5: Decision Making with Actual Costs - case study

Week 7: Concepts of Economic Motivation: Part A - Pure Competition, Monopoly, and everything in between

Assignment 6

Week 8: Concepts of Economic Motivation: Part A - Utility Maximization

Assignment 7: Rational Consumer

Week 14: Concepts of Economic Motivation: Part B - Issue of Risk

Assignment 8: Exhaustible Resource Allocation &amp; Investment Case Study

Week 15: Concepts of Economic Motivation - Transaction Costs

Assignment 9

Podcast Assignment

Week 16: Concepts of Economic Motivation - Bounded Rationality

In-class Sun Grain Inc. Case Study

Week 18: Concepts to Economic Motivation - Market Coordination

Assignment 11: Prices for coordination, externalities and property rights

Assignment 8: Exhaustible Resource Allocation & Investment Case Study