Welcome to EEP141
Agricultural and Environmental Policy
Fall Semester, 2007

Announcements:

• Takehome Midterm: Pick up Monday, 11/5; Turn in Wednesday, 11/7; Solutions, Friday, 11/9.
  
• Course Syllabus
• Problem Set 5 Due: Friday, November 2nd.
• Review questions for the take home midterm exam.
  
• Notes on economic efficiency in a private market economy.
  
• Notes on competition, monopoly, economic surplus, and marketing orders.
• Provisions of the Administration's proposal for the 2007 Farm Bill.
  

Description:

This course applies microeconomic theory to analyze the economics of the U.S. food and agricultural market and government policies on the production and consumption of food, agricultural products, human nutrition, and the environment.

Three hours of lecture per week. Prerequisites: EEP 100 or Economics 100A or 101A. 

Instructor                                   Jeffrey T. LaFrance
Office                                         328 Giannini Hall
Phone                                         643–5416
E-mail                                         lafrance@are.berkeley.edu
Office Hours                              1:00–2:00 M W

Lectures                                    11:00–12:00 M W F
                                                   2312 Tolman Hall

Midterm Exam (take home)       Distributed in class 11/5
                                                   Due at beginning of class 11/7
                                                   GSI will go over solutions on 11/9

Final Exam (in class)                  Monday, 12/10

Graduate Student Instructor    Ricardo Cavazos-Cepeda
Office                                         305 Giannini Hall
Email                                          cavazos@are.berkeley.edu
Office Hours                              10:00–11:00am Tu Th

Discussion Sections                  3:00–4:00 M
                                                   2311 Tolman Hall
                                                   4:00–5:00 W
                                                   2311 Tolman

Problem Sets

Course Notes

• Brief history of US agricultural policy
• US Dairy Program
• Derived Demand for Inputs
• Supply and Cost of Production (linear marginal cost)
• Marketing Agricultural Products
• Welfare Measurement for Linear Demand
  

Government Documents

• Summary of the 1996 Farm Bill
• Analysis of the 1996 Farm Bill
  
• Summary of the 2002 Farm Bill
• Comparison of the EU and US
• Complete provisions of 2007 Farm Bill