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Courses - Spring 2018
AREC
Agricultural and Resource Economics Department Site
AREC326
Intermediate Applied Microeconomics
Credits: 3
Grad Meth: Reg
Prerequisite: ECON200 or AREC250; and ECON201. And MATH120, MATH140, or MATH130; or must have completed MATH220.
Restriction: Must be in one of the following programs (Agricultural and Resource Economics; Agricultural and Resource Economics: Agribusiness).
Credit only granted for: ECON306, ECON326, AREC489M, or AREC326.
Formerly: AREC489M.
Deepens and broadens your ability to apply rigorous economic analysis skills to a broad range of problems.
AREC365
World Hunger, Population, and Food Supplies
Credits: 3
Grad Meth: Reg, P-F, Aud
CORE: D
GenEd: DVUP
An introduction to the problem of world hunger and possible solutions to it. World demand, supply, and distribution of food. Alternatives for leveling off world food demand, increasing the supply of food, and improving its distribution. Environmental limitations to increasing world food production.
AREC386
(Perm Req)
Experiential Learning
Credits: 3 - 6
Grad Meth: Reg, P-F
Prerequisite: Permission of AGNR-Agricultural & Resource Economics department.
Restriction: Junior standing or higher.
Contact department for information to register for this course.
AREC388
(Perm Req)
Honors Thesis Research
Credits: 3 - 6
Grad Meth: Reg
Contact department for information to register for this course.
AREC399
Special Problems
Credits: 1 - 3
Grad Meth: Reg, P-F, Aud
Contact department for information to register for this course.
AREC405
Economics of Production
Credits: 3
Grad Meth: Reg, P-F, Aud
Prerequisite: ECON326 or AREC326; or students who have taken courses with comparable content may contact the department.
Restriction: Must be in one of the following programs (Agricultural and Resource Economics; Environmental Science & Policy-Env Economics; Agricultural and Resource Economics: Agribusiness) ; or must be minors in Agribusiness Economics (#AG01), Environmental Economics and Policy (#AG02), or Resource and Agricultural Policy in Economic Development (#AG03).
The use and application of production economics in analysis of firm and policy decisions. Production functions, cost functions, multiple product and joint production, and production processes through time.
AREC427
Economics of Commodity Marketing Systems
Credits: 3
Grad Meth: Reg, P-F, Aud
Prerequisite: ECON326 or AREC326; or students who have taken courses with comparable content may contact the department.
Restriction: Must be in one of the following programs (Agricultural and Resource Economics; Environmental Science & Policy-Env Economics; Agricultural and Resource Economics: Agribusiness) ; or must be minors in Agribusiness Economics (#AG01), Environmental Economics and Policy (#AG02), or Resource and Agricultural Policy in Economic Development (#AG03).
Basic economic theory as applied to the marketing of agricultural commodities. Current developments affecting market structure including contractual arrangements, cooperative marketing, vertical integration, and governmental policies.
AREC435
Commodity Futures and Options
Credits: 3
Grad Meth: Reg, P-F, Aud
Prerequisite: AREC326; or ECON326; or students who have taken courses with comparable content may contact the department.
Restriction: Must be in one of the following programs (Agricultural and Resource Economics; Environmental Science & Policy-Env Economics; Agricultural and Resource Economics: Agribusiness).
The economics and institutional features of commodity futures and options markets. Students will develop a basic understanding of the underlying price relationships between cash and futures markets and will apply this information to business risk management decision making.
AREC454
The Economics of Climate Change
Credits: 3
Grad Meth: Reg, P-F, Aud
Prerequisite: ECON326 or AREC326.
Restriction: Must be in one of the following programs (Agricultural and Resource Economics; Environmental Science & Policy-Env Economics; Agricultural and Resource Economics: Agribusiness) ; or must be minors in Agribusiness Economics (#AG01), Environmental Economics and Policy (#AG02), or Resource and Agricultural Policy in Economic Development (#AG03).
Credit only granted for: AREC454 or AREC489C.
Formerly: AREC489C.
The role of economics in the formation of climate policy; basic concept of environmental economics including efficiency, externalities, and policy instruments; economic models of intertemporal decisions and decision making in the face of uncertainty. Applied economic analysis of specific issues and current policy initiatives.
AREC489T
(Perm Req)
Special Topics in Agricultural and Resources Economics; Adapting Non-traditional Land Access Models to New Farmers
Credits: 3
Grad Meth: Reg, P-F, Aud
AREC610
Microeconomic Applications in Agricultural and Resource Markets
Credits: 3
Grad Meth: Reg, Aud
Prerequisite: ECON603.
Applications of graduate level microeconomic analysis to the problems of agricultural and natural resource production and distribution including demand for agricultural output, the nature of agricultural supply decisions, decision making under uncertainty, valuation of natural resources, and exploitation of natural resources.
AREC624
Applied Econometrics II
Credits: 4
Grad Meth: Reg, Aud
Prerequisite: AREC623.
Variations of the standard linear model, simultaneous equations estimation, nonlinear regression, nonlinear simultaneous equations estimation, static and dynamic panel data models, errors in variables, Hausman tests, discrete choice models such as conditional multinomial and mixed logit models, latent class models, semi-parametric estimation, varying parameter models, unobserved variables, time series models, and model selection procedures.
AREC699
(Perm Req)
Special Problems in Agricultural and Resource Economics
Credits: 1 - 2
Grad Meth: Reg, Aud
Contact department for information to register for this course.
AREC799
(Perm Req)
Master's Thesis Research
Credits: 1 - 6
Grad Meth: Reg
Contact department for information to register for this course.
AREC815
Experimental and Behavioral Economics
Credits: 3
Grad Meth: Reg
Prerequisite: AREC623, AREC624, ECON603, and ECON604; or equivalent.
Credit only granted for: AREC815 or AREC869A.
Formerly: AREC869A.
An overview of the design, implementation, and analysis of experiments motivated by behavioral economics, with a particular focus on experiments in field settings. Topics covered include social preferences, risk aversion, prospect theory, present bias, overconfidence, and limited attention.
AREC845
Environment and Development Economics
Credits: 3
Grad Meth: Reg, Aud
Also offered as: AREC645.
Credit only granted for: AREC645 or AREC845.
Considers neoclassical and endogenous growth models; international trad theory; the role of property right institutions and factor markets; the environmental impact of trade liberalization in developing countries and the environmental effects of increasing international capital mobility; empirical studies relating the environment to growth and globalization; and policy analyses.
AREC898
(Perm Req)
Pre-Candidacy Research
Credits: 1 - 8
Grad Meth: Reg
Contact department for information to register for this course.
AREC899
(Perm Req)
Doctoral Dissertation Research
Credits: 6
Grad Meth: Reg
Contact department for information to register for this course.