Agricultural and Resource Economics, Courses Summer 2000

Summer 2000 Course Descriptions
Key to Course Descriptions

Courses listed below are approved UA courses as of Summer 2000. Not all approved courses will be offered during this term. For course offerings/availability during a specific term, see the Schedule of Classes. Each course number below links to the Schedule of Classes.

Agricultural and Resource Economics (AREC) Dept Info - College Info

AREC 193 Internship (1-8) [Rpt./] I II

AREC 199 Independent Study (1-3) [Rpt./] I II

AREC 213 Agricultural and Food Marketing II (3) II Introduction of the economic, political and environmental factors that affect the international and U.S. agricultural and food systems from a global perspective. P, ECON 200 or ECON 201A.

AREC 215 Agribusiness Economics and Management (3) I Essential economic concepts and analytical tools for agribusiness managers are developed and applied to current business challenges and opportunities. Emphasis placed on decision tools, budgeting, forecasting, strategy, organization and relationship management. P, ECON 200 or ECON 201A.

AREC 217 Resources and Environmental Economics (3) II Relationship between man and use of natural resources and environmental systems, with emphasis on the economic implications of alternative environmental, energy and land-use policies. (Identical with ECON 217).

AREC 242 World Food Economy (3) II World resources of agriculture; population and food supply; economics of hunger, world trade and agricultural policies. P, ECON 200 or ECON 201A. (Identical with ECON 242).

AREC 293 Internship (1-8) I II

AREC 299 Independent Study (1-3) [Rpt./]

AREC 299H Honors Independent Study (1-3) [Rpt./] I

AREC 313 Economics of Futures Markets (3) I II Commodity and financial futures market participants, evolution, functions, performance, price determination, and regulation with hedging and speculative applications of futures and futures-options contracts. (Identical with ECON 313, FIN 313).

AREC 339 Economic Statistics (3) I II Application and interpretation of statistical measures to problems in economics. P, MATH 113. Credit allowed for only one of these courses: AREC 339, ECON 376, MAP 376, MKTG 376. (Identical with ECON 339).

AREC 350 Economics, Ethics and Environmental Policies (3) I S Critical analysis of environmental issues using political economy models. Integrates economic, ethical and political concepts in discussing conflicts surrounding food safety, endangered species, land use, and pollution issues. Approved as Tier Two - Individuals and Societies.

AREC 375 Economics of Land and Water in the American West (3) I II Economic analysis of natural resource issues, policies and management. Case studies focus on water supplies, public and tribal lands, river basins, recreation, and wildlife resources in the western U.S. P, AREC 217 or ECON 201A. (Identical with ECON 375, RNR 375).

AREC 393 Internship (1-8) I II

AREC 399 Independent Study (1-3) I II

AREC 399H Honors Independent Study (1-3) [Rpt./]

AREC 403 Marketing and Price Analysis (3) II Market functions, costs, price indices, seasonality, marketing margins, commodity market models, price determination and price forecasting. P, ECON 300 or ECON 361; AREC 339.

AREC 404 Production Economic Analysis (3) I Application of production economics principles and analytical techniques to the solution of agricultural economics problems. P, ECON 361 or ECON 300; MATH 113.

AREC 450 Financial Management for Agribusiness (3) I Application of financial management principals and tools to challenges and opportunities facing agribusiness firms. Emphasis is placed on the acquisition, allocation, control and transfer of capital resources. P, ECON 300 or ECON 361; 3 units of accounting. May be convened with AREC 550.

AREC 464 Economics of Policy Analysis (3) II Applied economic theory and method of policy analysis and public choice. Emphasis is on policies impacting agriculture and rural America-especially historical and continuing government intervention in agricultural markets. Writing Emphasis Course. P, ECON 300 or ECON 361; MATH 113.

AREC 471 Problems in Regional Development (3) I II Writing Emphasis Course. (Identical with GEOG 471, which is home). May be convened with AREC 571.

AREC 476 Environmental Law and Economics (3) II A complex set of laws has developed to control the environmental risks posed by potentially polluting activities. In this course, a survey and an economic evaluation are presented of major environmental legislation designed to protect air, land and water resource quality. P, ECON 300 or ECON 361. (Identical with HWR 476, RNR 476).

AREC 493 Internship (1-3) [Rpt./] I II

AREC 493L Legislative Internship (1-12) [Rpt./] II

AREC 494R Research (3) [Rpt./ 1] I II P, ENGL 101 and MATH 110 and ABE 120 or consent of instructor.

AREC 497A Strategies in Futures and Options Trading (3) I P, FIN 412 or ECON 313 or FIN 313 or AREC 313.

AREC 498 Senior Capstone (1-3) I II

AREC 498H Honors Thesis (3) [Rpt./ 2]

AREC 499 Independent Study (1-5) [Rpt./]

AREC 499H Honors Independent Study (1-3) [Rpt./]

AREC 504 Production Economics (3) [Rpt./ 6 units] I Theory of the firm and industry; single and multiple products; risk and uncertainty. P, ECON 300 or ECON 361; MATH 113. (Identical with ECON 504).

AREC 512 Economic Policy in Developing Countries (3) II The role of policies in economic growth and development. The impact of commodity, factor market and macroeconomic policies on economic incentives. (Identical with ECON 512, ARL 512).

AREC 513 Consumption Economics and Price Analysis (3) II Theory of the consumer, demand, and market equilibrium, and welfare analysis. P, ECON 361, MATH 113. (Identical with ECON 513).

AREC 514 Cost-Benefit Analysis (3) I Theoretical bases and empirical techniques. Consumer-producer surplus; social and private costs; macroeconomic distortions; non-market goods; uses in policy analysis. (Identical with ECON 514).

AREC 515 Operations Research in Applied Economics (3) I [Taught alternate years 2000 - 2001] Application of linear, nonlinear, and multiple objective programming, decision theory, and simulation to problems of agricultural production, marketing, policy, and natural resource use. P, MATH 113, ECON 361. (Identical with ECON 515).

AREC 516 Agricultural Development (3) I Micro-economic analysis of agriculture in developing economies, focusing on factors affecting production decisions of small farmers, including adoption of new technologies. Interrelationships between agricultural activities and household consumption patterns also discussed. P, ECON 361 or ECON 300. (Identical with ECON 516).

AREC 549 Applied Econometric Analysis (3) II (Identical with ECON 549, which is home).

AREC 550 Financial Management for Agribusiness (3) I For a description of course topics see AREC 450. Graduate-level requirements include a research paper of publishable quality which analyzes a current financial issue or problem in the agricultural sector and selected readings in professional journals. May be convened with AREC 450.

AREC 571 Problems in Regional Development (3) I II (Identical with GEOG 571, which is home). May be convened with AREC 471.

AREC 575 Economics of Natural Resource Policy (3) II Theory and application of economic concepts needed to evaluate resource laws and policies; including welfare economics, externalities, public goods and valuation methodologies. Case studies focus on the American West and include federal and state environmental, water, and land policies. (Identical with ARL 575, ECON 575, RNR 575).

AREC 576 Advanced Natural Resource Economics (3) I Advanced economic theory and analysis of environmental and natural resource issues. P, ECON 361, MATH 113. (Identical with HWR 576, ECON 576, RNR 576).

AREC 577 Advanced Topics In the Economics of Environmental Regulation (3) II Advanced economic theory of environmental policy. Topics include regulation of air and water pollution under imperfect competition, imperfect information, costly enforcement, uncertainty, and the use of alternative regulatory instruments. P, MATH 113, ECON 361. (Identical with HWR 577, ECON 577, WS M 577).

AREC 580 Mathematics for Economists (2) S Intensive course in essential mathematics for entering graduate students in the M.S. and Ph.D. programs in Economics and Agricultural and Resource Economics. Topics covered include matrix algebra, functions, limits, differentiation, comparative statistics, and constrained and unconstrained optimization. (Identical with ECON 580).

AREC 593 Internship (1-6) [Rpt./] I II

AREC 593L Legislative Internship (1-12) [Rpt./] I II

AREC 596A Agricultural and Resource Economics (1) [Rpt./ 6 units] I II

AREC 599 Independent Study (1-6) [Rpt./]

AREC 676 Economic Dynamics and Natural Resources (3) II Covers three topic areas: mathematical structure of dynamic optimization problems; economics of exhaustible resource use; and economics of renewable resource use. The methods part of the course treats both discrete and continuous time as well as deterministic and uncertain environments. Relationships between the methods of Lagrange, dynamic programming, optimal control, the calculus of variations, and the Ito calculus are developed. The sections on natural resource apply these tools to the classical economic problems of natural resource allocation and exploitation. P, graduate students only with one year graduate microeconomic theory. (Identical with ECON 676).

AREC 693 Internship (1-8) I II

AREC 696G Interstate Conflict Resolution (3) [Rpt./ 1] II (Identical with SIE 696G, which is home).

AREC 699 Independent Study (1-3) [Rpt./]

AREC 900 Research (1-8) [Rpt./]

AREC 909 Master's Report (1-8)

AREC 910 Thesis (1-8) [Rpt./]

AREC 920 Dissertation (1-9)

AREC 930 Supplementary Registration (1-9) [Rpt./]

Page last updated: May 20, 2013