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Class Notes for Agricultural Economics at University of Nebraska - Lincoln

Exam Study Guides for Agricultural Economics Courses

Covers all exam topics.

AECN 201 Lecture Notes - Lecture 7: Isoquant, Opportunity Cost, Sunk Costs
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Week 7 Monday, October 1, 2018 8:34 AM Input Substitution Isoquant: the different combinations that can be used to produce an output - No costs there is no right and wrong answer - Add costs there is a right and wrong ans...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 6: Production Function, Working Capital
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Week 6 Monday, September 24, 2018 8:39 AM Assignment from Friday - Not major difference in size - Might need to improve yields depending on if consistently lower - Number of pigs weaned per litter could be improved (1.3 di...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 11: Cash Flow, Interest Expense, Linear Programming
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Week 13 - Exam Review Monday, November 12, 2018 8:40 AM Interest expense is not a cash flow because cash doesnt exchange hands Only using cash flow cant, but not a good way to make financial decisions Cant use for financia...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 12: Cash Flow, Market Risk, Income Statement
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Week 14 Monday, November 19, 2018 8:31 AM Renting vs buying with cash flows Rent Buy Revenue 1,000 1,000 Less: Operating Costs 500 500 Gross Margin 500 500 Rent 300 150 (interest expense) Actual income 200 350(income state...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 10: Cash Flow, Balance Sheet, Business Cycle
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Week 11 Monday, October 29, 2018 8:40 AM Partial Budgeting Partial Budgeting: Only evaluating changes to the whole-farm plan - Evaluating adding a new opportunity the operation 3 Economic concepts related to every change i...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 9: Gross Margin, Opportunity Cost
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Week 9 Friday, October 19, 2018 8:45 AM Enterprise Budget Enterprise Budget: A specific, but flexible pro-forma income state for the production of one particular output - UNL AgEcon department - Most land-grant universitie...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 8: Opportunity Cost, Income Statement, Marginal Cost
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Week 8 (Exam Week) Monday, October 8, 2018 8:34 AM Economies of Scale: - Adding more layers of management cause cost structure to go up - Physical inefficiencies cause cost structure to go up 2: No one level of production ...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 5: Annual Percentage Rate, Accrual, Business Analysis
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Week 5 Monday, September 17, 2018 8:34 AM Pic from Monday Accrual accounting --> Match revenue to expenses Rd Farm Business Analysis Loans Principle: The amount borrowed or the amount due Down Payment: Amount the borrow...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 4: Balance Sheet, Capital Asset, Accounting Software
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Week 4 Monday, September 10, 2018 5:09 AM Income Statement Balance sheet created at end of year, shows snapshot of business at that point in time Income statement created throughout year (accounting period); Profit and l...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 3: Accounting Equation, Retained Earnings, Deferral
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Week 3 Friday, August 31, 2018 9:11 AM A/P and A/R - Two perspectives on every transaction - Credit card --> buy lunch --> owe credit card bill (account payable from your point of view, account receivable from credit c...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 2: Mercantilism, Cash Cash, North American Free Trade Agreement
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Week 2 Monday, August 27, 2018 8:38 AM Accounting External - Where industry is going Competing with all other industries Internal - Management decisions to maximize profits - Quantifying profits and loss (equity)...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 201 Lecture Notes - Lecture 1: Due Diligence, Perfect Competition
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Economics: Solving the scarcity problem, getting the most out of limited resources Management: Leading others to complete a task or goal Finance: Management of money and funding of operations Accounting: System or framewo...

Agricultural Economics
AECN 201
Timothy Meyer
AECN 141 Lecture Notes - Lecture 5: Tax Incidence, Transfer Payment, Deadweight Loss
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Chapter 8 Now: Government and the Economy - Why does the government tax and spend? - What are the implications of government intervention in the economy? o Taxes o Subsidies o Other - Govern...

Agricultural Economics
AECN 141
Gustafson
AECN 141 Lecture 4: Chapter 7
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Chapter 7 Production Extensions Firm uses same principles weve seen to make production decisions Two Cases o Firms with multiple production facilities o Firms facing multiple related markets Case 1: Multiple production f...

Agricultural Economics
AECN 141
Gustafson
AECN 141 Lecture 3: Chapter 6
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Chapter 6 Sellers in a Perfectly competitive market Three conditions characterize perfectly competitive markets for sellers 1. No seller is big enough to influence the market price 2. Sellers in the market produce identica...

Agricultural Economics
AECN 141
Gustafson
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Biology
BIOL2721
All Professors
Macroeconomics - Reference Guides

Take a look at the big picture. This chart covers national income accounting, inflation, consumption, economic growth, money supply, labor markets, monetary policy, international trade, supply side economics, and fiscal po...

Business and Political Economy Program
BPEP-UB 2
All Professors
Permachart - Marketing Reference Guide: Marginal Revenue, Profit Maximization, Marginal Cost

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Microeconomics Microeconomics TYPES OF MARKETS ...

E-Business Marketing
ECN 102
All Professors
Permachart - Marketing Reference Guide: National Environmental Policy Act, Municipal Solid Waste, Criteria Air Contaminants

l e a r n • r e f e r e n c e • r e v i e w permacharts TM EEnvironmental Law ENVIRONMENTAL REGULATION NATIONAL ENVIRONMENTAL POL...

LAW
LAW 356
All Professors

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