Abstract:
Teaching abstract concepts in agricultural economics is challenging for instructors and often a problem for students. An experiential learning tool used to teach economic and business principles through an experimental fed cattle market reduces this abstraction. Observations on student learning and instructor teaching experiences are discussed. Experiential learning tools offer a strong complement to agricultural marketing, price theory, and agribusiness management courses. They offer an inductive learning alternative to traditional deductive coursework. Experiential learning tools also teach interpersonal communication and conflict resolution skills. These are topics which are not found in most Colleges of Agriculture curricula.
Keywords:
agricultural economics, experiential learning, packer-feeder game
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