AGRICULTURAL & RESOURCE ECONOMICS (AREC)
195. Colloquium
b. Environmental Issues in Agricultural and Resource Economics (1)
213. Introduction to
Agricultural Commodity and Food Marketing (3) Basic economic concepts and marketing
methods affecting agricultural and food industries in the international marketplace.
Investigation of the organizational, institutional and economic principles that form the
agricultural and food marketing system in the U.S.; application of microeconomic, market
performance and international trade analysis. P, ECON 200 or 201a.
215. Agribusiness Economics and
Management (3) 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 201a.
217. Resource and Environmental
Economics (3) 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. P, ECON 200 or 201a. (Identical with ECON 217).
242. World Food Economy (3)
World resources of agriculture; population and food supply; economics of hunger, world
trade and agricultural policies. P, ECON 200 or 201a. (Identical with ECON 242).
310. Consumer Economics (3)
The economics of consumer behavior and choice with implications for consumer demand.
Application to nutrition and food consumption, clothing and textiles, and consumer
durables. P, ECON 200 or 201a. (Identical with RCS 310).
313. Economics of Futures
Markets (3) Commodity and financial futures market participants, evolution, functions,
performance, price determination, and regulation with hedging and speculative applications
of futures and futures-options contracts. P, ECON 200 or 201a. (Identical with ECON 313
and FIN 313).
339. Economic Statistics (3)
Application and interpretation of statistical measures to problems in economics. Not
available for students who have completed or are currently enrolled in ECON/MAP/MKTG 376.
P, MATH 123. (Identical with ECON 339).
350. Economics, Ethics and
Environmental Policies (3) 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. P,
ECON 200 or 201a or 6 units of Individual and Societies general education.
375. Economics of Land and Water
in the American West (3) 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, 217 or ECON 201a. (Identical
with ECON 375 and RNR 375).
403. Marketing and Price
Analysis (3) Market functions, costs, price indices, seasonality, marketing margins,
commodity market models, price determination and price forecasting. P, 339, ECON 300 or
361.
404. Production Economic
Analysis (3) Application of production economics principles and analytical techniques
to the solution of agricultural economics problems. P, MATH 123, ECON 300 or 361.
450. Financial Management for
Agribus-iness (3) 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 361 and
3 units of accounting. May be convened with 550.
464. Agricultural Policy (3)
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. P, MATH 123, ECON 300 or 361. Writing-Emphasis Course.*
471. Problems in Regional
Development (3) (Identical with GEOG 471, which is home). May be convened with 571.
476. Environmental Law and
Economics (3) 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 361. (Identical with HWR 476 and RNR 476).
*Writing-Emphasis Courses. P, Satisfaction of the upper-division writing-proficiency requirement (see "Writing-Emphasis Courses" in the Academic Policies and Graduation Requirements section of this manual).
494. Practicum
r. Research (3) [Rpt./2] P, ENGL 101, MATH 117, ABE 120, or consent of instructor.
497. Workshop
a. Strategies in Futures and Options Trading (3) P, ECON/FIN/AREC 313 or FIN 412.
504. Production Economics (3)
Theory of the firm and industry; single and multiple products; risk and uncertainty. P,
MATH 123, ECON 300 or 361. (Identical with ECON 504).
512. Economic Policy in
Developing Countries (3) The role of policies in economic growth and development. The
impact of commodity, factor market and macroeconomic policies on economic incentives.
(Identical with AR L 512 and ECON 512).
513. Consumption Economics and
Price Analysis (3) Theory of the consumer, demand, and market equilibrium, and welfare
analysis. P, ECON 361, MATH 123 (Identical with ECON 513).
514. Cost-Benefit Analysis (3)
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).
515. Operations Research in
Applied Economics (3) Application of linear, nonlinear, and multiple objective
programming, decision theory, and simulation to problems of agricultural production,
marketing, policy, and natural resource use. P, ECON 361, MATH 123. (Identical with ECON
515).
516. Agricultural Development
(3) 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 300 or 361. (Identical with ECON 516).
549. Applied Econometric
Analysis (3) (Identical with ECON 549, which is home).
550. Financial Management for
Agribus-iness (3) For a description of course topics see 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. P, ECON 300 or 361 and 3 units of accounting. May be convened with
450.
571. Problems in Regional
Development (3) (Identical with GEOG 571, which is home). May be convened with 471.
575. Economics of Natural
Resource Policy (3) 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. P, ECON 300 or 361. (Identical with AR L
575, ECON 575 and RNR 575).
576. Advanced Natural Resource
Economics (3) Advanced economic theory and analysis of environmental and natural
resource issues. P, MATH 123, ECON 361. (Identical with ECON 576, HWR 576, and RNR 576).
577. Advanced Topics in the
Economics of Environmental Regulation (3) 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, ECON 361, MATH 123. (Identical with ECON 577, HWR 577, and WS M
577).
580. Mathematics for Economists
(2) 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).
676. Economic Dynamics and
Natural Resources (3) 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
student standing with one year of graduate microeconomic theory. (Identical with ECON
676).
696. Seminar
g. Interstate Conflict Resolution (3) [Rpt.] (Identical with SIE 696g, which is home).