By completing the course, students achieve the following learning objectives:
- how to explain value theory and how to apply this knowledge to solve issues in the agrifood system;
- how to explain price and competition theory and how apply this knowledge to solve issues in the agrifood system;
- How to explain contract theory and apply this knowledge to solve issues in the agrifood system.
Course Program
Part I:
- Price transmission in agrifood markets;
- Perfect competition;
- Market power.
Part II:
- Quality;
- Lancaster model;
- Vertical quality;
- Horizontal quality;
- Asymmetric information.
