ECON 205 - Economics of Wine

CR: 3
Prerequisites: ECON 101 or CORE 180 and permission of instructor. Using the wine industry as an example, this course builds upon introductory microeconomic concepts and will cover a wide range of theoretical concepts such as auction theory, market structure, pricing, and quality competition. A particular emphasis will be given to the interaction between environmental parameters and wine price and quality. Students will gain a deeper understanding of the wine industry through trips to the Sweet Briar Vineyard as well as visits with local producers.