additional1 - What do these 4 phenomena have in common? Mad...

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1 What do these 4 phenomena have in common? ± Mad cow disease ± Soaring health-care costs in the U.S. ± The fall of communism ± Fears of a world-wide influenza epidemic that could kill millions Answer: They all have important roots in the organization and performance of the food system Analysis of Food System Organization and Performance ± The course title implies: ± An analytic approach ± A systems approach ± Emphasis on organization (structure) ± Emphasis on measuring and evaluating performance.
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2 Course Overview 9 Broad concepts of Economic Organization in the Agri-Food System 9 “Standard” Economic Theory: Economy is organized around “spot” markets 9 “Modern” microeconomics: Information issues and their impact on market organization Economic Organization 9 Who decides what is useful and how does that message get communicated? 9 What are the incentives to respond to those signals?
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additional1 - What do these 4 phenomena have in common? Mad...

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