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Agricultural Economics |
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AGEC 26000 - Mentoring Leadership
Credit Hours: 1.00. This course is designed to teach upperclassmen how to mentor freshman to thrive and survive as entering freshmen in Agricultural Economics. The main focus is on the transition to college life, as well as practical information on time management, taking and rewriting classroom notes, preparing for examinations and quizzes, dealing with stress and interpersonal relationships, and health. Additional topics include opportunities for student involvement in campus life and organizations, career paths for the various programs of study in Agricultural Economics, and how to successfully work in groups. Mentors are restricted to AGBS, AGEC, AGFN, AGMG, FARM, FIMM, QAEC, and SLMK students. Permission of department required. Typically offered Fall.
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AGEC 27500 - Honors Course - Lower Division
Credit Hours: 1.00 to 4.00. Utilized to offer a new honors course for a maximum of three years. Variable title, credit, and instructional type. Course may be repeated for credit if content and titles are different. Offered primarily to first and second-year students. Courses offered must be approved by departmental or program faculty and College of Agriculture Honors Committee. Enrollment in an honors program. Permission of department required. Typically offered Summer Fall Spring.
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AGEC 28900 - Foundational Internship
Credit Hours: 1.00. Foundational internship that is preplanned and conducted under the direction of a faculty or staff member working in cooperation with an employer representative. A learning plan must be developed and approved by the student, faculty or staff coordinator, and employer representative prior to beginning the internship. A comprehensive report describing the management strategies used by the company or organization when he/she spent their internship is required. Permission of department required. Typically offered Summer Fall Spring.
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AGEC 29600 - Selected Topics In Agricultural Economics
Credit Hours: 1.00 to 3.00. Special topics in agricultural economics aimed at sophomore-level students. May be repeated for credit under a different topic title. Typically offered Fall Spring.
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AGEC 29800 - Sophomore Seminar
Credit Hours: 1.00. Current agricultural economics issues will be analyzed and discussed. Issue areas will be related to individual career planning and program development. Typically offered Fall.
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AGEC 30500 - Agricultural Prices
Credit Hours: 3.00. Analysis of prices and the movement of farm product prices; relations of farm product prices to farm input and other prices; conceptual and statistical analysis of agricultural supply and demand relationships; application of price analysis, price forecasting, agricultural outlook, agricultural policy; adjustment of farming to new price conditions. Typically offered Fall.
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AGEC 31000 - Farm Organization
Credit Hours: 3.00. Economic factors controlling success in farming; types of farming; business records and analysis; adjustment in organization to meet changing economic conditions; organization and management of successful farms. Typically offered Spring.
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AGEC 31100 - Accounting For Farm Business Planning
Credit Hours: 3.00. This course emphasizes the development of procedures for providing and using data in decision making. Methods will be addressed for finding and organizing both financial and physical data to provide the business information needed in planning and control. Topics discussed include budgeting, reporting unit costs of production, measuring profitability and wealth accumulation, estimating credit needs and income tax liability, and evaluating the strengths and weaknesses of the business as the basis for improving the business. Typically offered Fall.
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AGEC 32100 - Principles Of Commodity Marketing
Credit Hours: 3.00. An in-depth background on the origin, operation, and application of futures and options in risk management for agriculture. Covers grain, livestock, and yield futures and options. Applications of futures and options to price and yield risk management is provided. Comparison of expected results from various risk management alternatives and decision-making processes to use in selecting a risk management strategy. Typically offered Fall.
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AGEC 32700 - Principles Of Food And Agribusiness Marketing
Credit Hours: 3.00. This course is a study of the major components of marketing decisions made by food and agribusiness firms. The course examines the marketing process, market research, marketing opportunities, and marketing strategies. Students will work on developing skills for evaluating and making marketing decisions. Typically offered Fall Spring.
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AGEC 33000 - Management Methods For Agricultural Business
Credit Hours: 3.00. Management of nonfarm, agriculturally related businesses. Topics include tools for management decision making, legal forms of business organization, basics of accounting, and important financial management techniques. Case studies and computer simulation game. Typically offered Fall Spring.
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AGEC 33100 - Principles Of Selling In Agricultural Business
Credit Hours: 3.00. The principles of salesmanship and their application to the agricultural business. Topics include attitudes and value systems, basic behavioral patterns, the purchase decision process, relationship of sales to marketing, selling strategies, preparing for sales calls, making sales presentations, handling objections, and closing sales. Emphasis is placed on application of principles to real-world situations and on building selling skills through class projects. Requires class trips. Students will pay individual lodging or meal expenses when necessary. Typically offered Fall Spring.
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AGEC 33300 - Food Distribution - A Retailing Perspective
Credit Hours: 3.00. Distribution factors that affect the food industry. Particular attention to the food wholesaling and retailing sectors. Presentation of economic tools to evaluate performance in the food industry. Discussion of the relative importance of each of the major departments in the modern supermarket. Discussion of current and future industry prototypes. Typically offered Spring.
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AGEC 34000 - International Economic Development
Credit Hours: 3.00. This course is designed to introduce students to issues and problems related to international economic development. Topics covered include a description of the current situation in developing countries and the history of growth and development. The course is grounded in the body of theory associated with economic development, but concentrates on the many practical problems such as poverty, population growth, urbanization, education and the environment. The three areas with the greatest attention are agricultural development, international trade, and policy analysis for developing countries. Typically offered Spring.
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AGEC 35200 - Quantitative Techniques For Firm Decision Making
Credit Hours: 3.00. Introduction to mathematical programming and computing as an aid to agricultural decision making by firms, linear programming, game theory and strategy, simulation, the waiting-line problem, the equipment replacement decision, and multiproduct scheduling methods. Typically offered Fall Spring.
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AGEC 37500 - The Process Of Economic Research
Credit Hours: 1.00. This course is a study of the process of conducting economic research. The course examines the research problem and objectives, literature review, conceptual framework, methods and procedures, and reporting research. Students will identify a research topic and project advisor. For Honors program students only in Agricultural Economics. Permission of instructor required. Typically offered Fall.
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AGEC 39000 - Cooperative Professional Programs In Agricultural Economics
Credit Hours: 0.00. Supervised professional experiences in agricultural economics. Programs must be preplanned and conducted under the direction of the departmental coordinator with the cooperation of an employer. Students must submit a summary report. Permission of instructor required. Typically offered Fall Spring Summer.
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AGEC 39001 - Professional Internship Programs In Agricultural Economics
Credit Hours: 0.00. Supervised professional experiences in agricultural economics. Programs must be preplanned and conducted under the direction of the departmental coordinator with the cooperation of an employer. Students must submit a summary report. Permission of instructor required. Typically offered Fall Spring Summer.
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AGEC 40000 - Agricultural Economics Study Abroad
Credit Hours: 0.00 to 8.00. Utilized to record credits earned through participation in Purdue study abroad programs with cooperating foreign universities. Typically offered Fall Spring Summer.
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AGEC 40600 - Natural Resource And Environmental Economics
Credit Hours: 3.00. (FNR 40600 ) Introduction to economic models of renewable and nonrenewable natural resources and the use of these models in the analysis of current resource use and environmental issues. Typically offered Fall Spring.
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AGEC 41000 - Agricultural Policy
Credit Hours: 3.00. Economic analysis of U.S. food and agricultural policy; current and past farm legislation; international trade; agricultural policies in selected countries; domestic and foreign food assistance; structural change; agricultural research policy; macroeconomic linkages with the agricultural sector; and emerging environmental policy issues, land and water use. Typically offered Spring.
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AGEC 41100 - Farm Management
Credit Hours: 4.00. Principles of farm organization and management, farmer interviews, and the application of computerized farm decision-making methods. Typically offered Fall.
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AGEC 41200 - Farm Business Management Workshop
Credit Hours: 1.00 to 3.00. Making decisions regarding the organization and operation of farm businesses with which students will be associated after graduation. Areas of decision making include enterprise selection, farm growth, organizing large-scale farms, communication, labor management, machinery management, operating agreements, legal organization, and tax strategies. Typically offered Spring.
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AGEC 41500 - Community And Resource Development
Credit Hours: 3.00. Principles and structures of group decision making for improving income and quality of living for people, including analysis of private and public interest in economic and social planning. Typically offered Spring.
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AGEC 42100 - Advanced Commodity Marketing
Credit Hours: 3.00. Application of commodity marketing principles to grain, livestock, and other commodity sectors. Applications include hedging, speculation, risk management, and fundamental and technical price analysis. Examination and testing of pricing strategies and the development of commodity marketing plans. Typically offered Spring.
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AGEC 42400 - Financial Management Of Agricultural Business
Credit Hours: 4.00. A study of the major types of financial decisions made by agriculturally related firms, including investment in inventory, receivables and cash, property, plant, and equipment; sources and types of short-term, intermediate, and long-term capital; legal patterns of the business organization, emphasis on implementation involving agribusiness case problems. Typically offered Fall Spring.
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AGEC 42500 - Estate Planning And Property Transfer
Credit Hours: 3.00. The ownership and transfer of farm business property. Includes tax and other implications of life estates, trust arrangements, sale of property, and charitable contributions. Typically offered Fall.
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AGEC 42700 - Advanced Agribusiness Marketing
Credit Hours: 3.00. Application of marketing principles to market planning, research, and analysis. Development of strategic marketing plans for agribusiness. Typically offered Fall.
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AGEC 42900 - Agribusiness Marketing Workshop
Credit Hours: 2.00. Research, development, and presentation of a strategic agribusiness marketing plan. Permission of instructor required. Typically offered Spring.
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AGEC 43000 - Agricultural And Food Business Strategy
Credit Hours: 3.00. An advanced course in business planning and strategy for potential agribusiness and food firm managers. Focuses on development of viable business strategy in the context of the firm’s market and its internal condition. Makes extensive use of case studies that document management dilemmas of agribusiness firms, ranging from those providing inputs to agricultural producers to firms involved in the retail distribution of food. Typically offered Fall Spring.
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AGEC 43100 - Advanced Agri-Sales And Marketing
Credit Hours: 4.00. Advanced techniques of salesmanship, field application of selling techniques, improving communication skills, study of agribusiness marketing strategies, interaction with industry agri-marketers, and strategies for career development in agri-marketing. Requires class trips. Students will pay individual lodging or meal expenses when necessary. Permission of instructor required. Typically offered Fall.
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AGEC 43300 - Executive In The Classroom
Credit Hours: 1.00. Students meet weekly with industry leaders in the food processing, wholesaling, and retailing industries. Discussion of management philosophies and strategies, exploration of career opportunities, and review of trends, issues, and problems in the contemporary food industry. Students participate in the Midwest Grocers Association and the Food Marketing Institute trade shows. Typically offered Spring.
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AGEC 43500 - Leadership In A Changing World
Credit Hours: 3.00. An examination of various leadership theories and the importance of leadership. Drawing upon research from many disciplines and fundamental aspects of leadership, students will read, discuss, and apply these concepts to leadership experiences and to develop competencies to be more effective leaders in their family, workplace, and community. Typically offered Spring.
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AGEC 45000 - International Agricultural Trade
Credit Hours: 3.00. Study of U.S. agricultural trade with emphasis on international trade theory, exchange rates and their determination, relationships between domestic agricultural policies and trade policies, and analysis of institutional arrangements for world trade in agricultural products. Typically offered Fall.
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AGEC 45100 - Applied Econometrics
Credit Hours: 3.00. Application of strategies to economic problems. Simple and multiple regression, dummy variables, logit analysis, time series, and forecasting. Typically offered Spring.
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AGEC 45500 - Agricultural Law
Credit Hours: 3.00. Selected general legal topics (courts, contracts, torts, property and commercial law) with emphasis on farming problems (e.g., landowner-tenant, grain contracts, fences, and animal liability) and cases. Typically offered Fall.
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AGEC 45600 - Federal Income Tax Law
Credit Hours: 3.00. Introduction to the federal income tax laws applicable to individuals and small business with emphasis on the farming business. The course includes management implications and the policy basis for the tax law system. Techniques and practice for the preparation of selected forms will be included. There will be limited exposure to taxation of partnerships, corporations, estates, and to federal gift and estate tax law. Typically offered Spring.
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AGEC 47500 - Honors Course - Upper Division
Credit Hours: 1.00 to 4.00. Utilized to offer a new honors course for a maximum of three years. Variable title, credit, and instructional type. Course may be repeated for credit if content and titles are different. Offered primarily to third and fourth-year students. Courses offered must be approved by departmental or program faculty and College of Agriculture Honors Committee. Enrollment in an honors program. Permission of department required. Typically offered Summer Fall Spring.
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AGEC 48900 - Professional Internship
Credit Hours: 2.00. Professional internship that is preplanned and conducted under the direction of a faculty or staff member working in cooperation with an employer repesentative. A learning plan must be developed and approved by the student, faculty or staff coordinator, and employer representative prior to beginning the internship. A summary report describing their economic or business analysis for the company or organization where he/she spent their internship is required. Permission of department required. Typically offered Summer Fall Spring.
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AGEC 49600 - Selected Topics In Agribusiness Management
Credit Hours: 1.00. Intended for individuals in the food industry marketing and management, sales and marketing, agribusiness management, agricultural finance, and farm management options. Also open to students in other agricultural economics options as well as to students outside the department. Focuses on current topics in the management of food and agribusiness firms. Provides advanced treatment of these topics for upper-division students. This is a set of one-hour seminars that will address current topics in food and agribusiness management. The topics of focus will be those that either are not treated in other courses, or are not treated in depth needed by a student pursuing a management career in the food and agribusiness industries. Topics will be reviewed annually as to relevance and will be changed as needed. Five week session. Typically offered Fall Spring.
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AGEC 49800 - Special Problems
Credit Hours: 1.00 to 3.00. Open primarily to qualified seniors who want to study special problems in agricultural economics not covered in regular work. Permission of instructor required. Typically offered Fall Spring Summer.
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AGEC 49900 - Thesis
Credit Hours: 1.00 to 6.00. Thesis. Permission of instructor required. Typically offered Fall Spring Summer.
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AGEC 50600 - Agricultural Marketing And Price Analysis
Credit Hours: 3.00. Marketing margins and derived demand; elasticity. Modeling supply and demand relationships; single and multiple equation systems; forecasting. Industrial organization economics applied to the food processing, wholesaling, and retailing industries; subsector analysis, vertical coordination; marketing and competition policies. Typically offered Spring.
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AGEC 51600 - Mathematical Tools For Agricultural And Applied Economics
Credit Hours: 3.00. This course provides first year graduate students and advanced undergraduate students with the specific set of applied mathematical tools needed to support graduate coursework in microeconomics, macroeconomics, economic programming, and econometrics. The course reviews skills and concepts from a number of fields of mathematics including matrix algebra, calculus, optimization theory, and mathematical statistics. The course emphasizes specific applications to economic theory and applied problems in agricultural economics and related areas. Students should be comfortable with introductory-level calculus before entering the course. Permission of instructor required. Typically offered Fall.
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AGEC 52400 - Agricultural Finance
Credit Hours: 3.00. Designed to provide students the concepts and tools to apply financial management principles to farm businesses. Topics include financing alternatives, preparation and interpretation of financial statements, and capital investment analysis using discounted cash flows. Typically offered Spring.
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AGEC 52500 - Environmental Policy Analysis
Credit Hours: 3.00. Designed to assist in understanding how environmental information and knowledge are produced, disseminated, and utilized in a variety of institutional contexts. Readings are selected to promote discussion and interaction concerning alternative mechanisms for protecting environmental resources. Prerequisite: introductory microeconomics course suggested. Typically offered Spring.
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AGEC 52600 - International Food And Agribusiness Marketing Strategy
Credit Hours: 3.00. Students will develop their analytical, decision-making, and communication skills related to marketing management of food systems in the world economy. They will analyze a foreign market’s potential and market entry strategies; compare consumer differences and similarities across markets; define issues related to marketing mix standardization or adaptation; and evaluate effects of economic, social, and legal environments on marketing strategy. Typically offered Fall.
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AGEC 53000 - Strategic Agribusiness Management
Credit Hours: 3.00. Addresses issues in the strategic management of agricultural and food businesses. Emphasis is on developing a framework for formulating strategy, making strategic choices in a variety of business environments, and implementing strategy. Extensive use of management case studies and a major term project with an agribusiness firm focus on developing managerial problem-solving skills. Typically offered Fall.
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AGEC 53300 - Supply Chain Management For Food And Agribusiness
Credit Hours: 3.00. Students will develop an understanding of how the theory of logistics is applied as supply chain management for food and agribusiness firms. Through case studies and problem sets, students will analyze and consider contemporary issues and problems. Analyses will focus on tradeoffs among customer service, forecasting, inventory control, information technology, transportation management, warehousing and materials handling, and supply chain planning. Typically offered Spring.
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AGEC 55200 - Introduction To Mathematical Programming
Credit Hours: 3.00. Introduction to constrained and optimization problems and their solution using mathematical programming techniques. Theory and implementation of linear, quadratic, and integer programming methods are examined. Applications to farm management, diet and feed rations, spatial market equilibrium, agricultural sector analysis, and other problems from agricultural economics. Use of computer software packages for practical problems. Typically offered Fall.
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AGEC 57100 - Global Issues In International Agribusiness
Credit Hours: 1.00. This is the first course in a required three-course sequence designed for students in the “Professional Masters in International Agribusiness” concentration in the Department of Agricultural Economics. The course objective is to expose students to a wide range of global issues directly and indirectly related to the production, processing, and marketing of agricultural products (food, fuel, fiber). Topics vary and may include food security, malnutrition, food safety, biofuels, the environment, trade and agricultural policy, emerging agricultural technologies, and climate change. Prerequisites: Enrollment in Professional Masters in International Agribusiness or permission of instructor required. Typically offered Fall.
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AGEC 57200 - International Agribusiness Market Opportunities
Credit Hours: 2.00. This is the second course in a required three-course sequence designed for students in the “Professional Masters in International Agribusiness” concentration in the Department of Agricultural Economics. The course objective is to assist students in identifying and exploring market opportunities in international agribusiness, including those related to the production, processing, and marketing of agricultural products including food, fuel, and fiber. The course combines lectures with discussion and project-based learning and group activities. Typically offered Spring.
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AGEC 57300 - International Business Analysis
Credit Hours: 3.00. This is the third course in a required three-course sequence designed for students in the “Professional Masters in International Agribusiness” concentration in the Department of Agricultural Economics. The course objective is to assist students in conducting a professional business analysis focusing on either a market opportunity, financial management, or other management issue in international agribusiness. The course is project-based and includes group activities and written and oral presentations. Typically offered Fall.
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AGEC 59600 - Seminars In Current Issues In Agricultural Economics
Credit Hours: 1.00 to 3.00. Study of selected current developments in agricultural economics. Topics will be announced in advance. Permission of instructor required. Typically offered Fall Spring Summer.
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AGEC 60000 - Agricultural Finance
Credit Hours: 3.00. Advanced capital budgeting topics including: tax policy, inflation, optimal replacement, bid models, and inclusion of financing flows; application of expected utility theory and mathematical programming to optimal capital structure decisions of proprietors; farmland investment, pricing, and dynamics; pricing contingent claims. Prerequisite: AGEC 52400 ; AGEC 55200 suggested. Typically offered Spring.
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AGEC 60200 - Preparation And Procedures For Policy Analysis
Credit Hours: 3.00. Research methods, scientific methodology, problem identification, and the nature of policy problems including economic policy readings, case studies, and practice project proposals. Typically offered Spring.
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AGEC 60400 - Fundamentals Of Applied Welfare Economics
Credit Hours: 1.00. Basic concepts and principles of applied welfare economics including Pareto conditions for welfare maximization; public goods, externalities, and property rights; consumer and producer surplus; theory of the second best; and neoclassical and contemporary theories of income distribution. Concurrent Prerequisite: ECON 51100 . Typically offered Spring.
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AGEC 60500 - Agricultural Price Analysis
Credit Hours: 3.00. Use of economic theory and quantitative methods to solve problems in price analysis, problem formulation, estimation, forecasting, and model evaluation. Prerequisite: AGEC 65000 , ECON 51100 . Typically offered Fall.
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AGEC 60800 - Benefit-Cost Analysis
Credit Hours: 2.00. Principles and practice for analysis of the benefits and costs of public investments. Topics include measures of project worth, choice of the discount rate, analysis of projects with multiple objectives and purposes, identifying and quantifying benefits and costs, applications of consumer and producer surplus in project analysis, treatment of risk and uncertainty, and shadow pricing techniques for project evaluation in developing counties. Concurrent Prerequisite: AGEC 60400 ; a graduate course in microeconomic theory. Typically offered Spring.
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AGEC 61200 - Agricultural Production Economics I
Credit Hours: 3.00. Economic theory and empirical research methods for management of natural resource based production systems. Topics include: analysis of response in crops and livestock production, resource allocation, economics of site specific management, commodity supply and input demand. Concurrent Prerequisite: ECON 51100 . Typically offered Summer.
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AGEC 61300 - Introduction To Economics Of Risk
Credit Hours: 3.00. A background in expected utility theory and applications. EUH axioms, risk aversion, utility elicitation, expected utility and moments, stochastic dominance, mean-variance, risk free asset, diversification, single index model, increasing risk, production under risk, programming models and applications. Prerequisite: AGEC 55200 , ECON 51100 , STAT 51100 . Typically offered Fall.
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AGEC 61400 - Advanced Agricultural Production Economics
Credit Hours: 3.00. Course covers advanced techniques for economic analysis of agricultural production economics. Students are required to produce a course project demonstrating competency at the applied research frontier of the field and participate in presentation, discussion, and peer review of course members’ work. Prerequisites: AGEC 61200 and ECON 60700 or Consent of Instructor. Typically offered Spring.
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AGEC 61600 - Resource Economics And Policy
Credit Hours: 3.00. Natural resource development and allocation in both static and dynamic contexts. Analysis of scarcity and growth issues, equity considerations, derivation of optimal pricing and depletion rules. Application of advanced production concepts to national resource problems. Prerequisite: AGEC 60400 , ECON 51100 . Typically offered Fall.
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AGEC 61700 - Applied Welfare And Environmental Economics
Credit Hours: 3.00. Theory of welfare economics relevant to understanding foundations of benefit-cost analysis and concepts for policy design in areas such as environment, resources, and trade. Applied projects to be selected and analyzed by students. Prerequisite: AGEC 60400 and ECON 60700 , or Consent of Instructor. Typically offered Spring,
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AGEC 61800 - Applied General Equilibrium Analysis
Credit Hours: 3.00. Theory and empirical techniques behind numerical general equilibrium analysis. The course is divided into two parts: 1) development of the basic analytical framework and model properties, and 2) in-depth study of selected applications in international trade, price analysis, and resource and environmental economics. Homework assignments involve a mix of qualitative analysis and microcomputer-based computational exercises. Prerequisite: AGEC 60400 ; Prerequisite: ECON 51100 or ECON 60700 . Typically offered Spring.
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AGEC 61900 - Applied Microeconomic Theory
Credit Hours: 3.00. Provides students with the capability to apply microeconomic theory and econometrics to analyses of economic issues and problems. Students will work through applied producer/consumer problems to gain experience in the uses of econometric estimation. Topics include: primal-dual approaches, direct and indirect functions, flexible functional forms, static optimization, separability and aggregation, risk and expectations, dynamics and demographics. Examples are drawn from both consumer and producer applications. Prerequisite: AGEC 65100 , ECON 60700 . Typically offered Summer Fall.
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AGEC 62000 - Computational Analysis Of Markets And Policy
Credit Hours: 3.00. Exposes students to a variety of topics in applied economics relating to markets and policy. Students build, calibrate, and revise simple economic models, with the basic structure of more complex models being provided. Through a series of problem sets focusing on analytical skills and computation, students bridge theory and application in economics.
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AGEC 62200 - Food System Organization And Policy
Credit Hours: 3.00. Development of framework to study food system organization and policy; survey of measurement and empirical testing problems in industrial-organization research on food-system market structure and performance; review of competition policies and evaluation of policy alternatives. Prerequisite: Graduate courses in microeconomic theory and marketing. Typically offered Summer.
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AGEC 62500 - Macroeconomic Issues In Agriculture
Credit Hours: 3.00. Studies the nature and importance of linkages between agriculture and the macro economy, and examines theories and methods used to establish or quantify these linkages in agricultural models. Extensions of macroeconomic accounting and theory into an open economy are explored by examining attempts by agricultural economists to estimate macroeconomic linkages and build them into commodity models, and considering consequences of implicit and explicit macroeconomic assumptions in much of our work. The changing role of agriculture in an economy under structural transformation will be key to understanding these linkages and how they evolve, as shown in several new developments seeking to explain both recent events and policy history in macro-theoretical frameworks consistent with observed empirical regularities. Typically offered Fall.
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AGEC 63000 - Urban And Regional Economics
Credit Hours: 3.00. The literature discussed in this urban and regional economics course covers theoretical texts, conceptual as well as statistical, and empirical applications in order to introduce the student to the economist’s view on spatial variation in economic outcomes. This ranges from coverage of the theory of industrial location choice, through theoretical and empirical analysis of the spatial distribution of economic activities (agglomeration theory, industrial clusters, central place theory), to theoretical and empirical explanations for the spatial structure of cities, the working of regional labor markets and migration. The course covers various empirical tools utilized in spatial data analysis (spatial econometrics) and modeling of regional economies and their interrelations (interregional input-output analysis). Prerequisites: AGEC 20300 or ECON 34000 or ECON 51100 . Typically offered Spring.
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AGEC 63100 - The Theory And Practice Of Spatial Econometrics
Credit Hours: 3.00. This course deals with the analysis of spatial data and centers on both exploratory tools developed in spatial statistics and GIScience, as well as on econometric models that have been the main focus in spatial econometrics. During the course, the theoretical basis for the analysis of spatial data and spatial models will be covered. This theoretical angle will be combined with ample opportunities to acquire hands-on experience in the analysis of spatial data. To the effect, up-to-date software, such as GeoDa, R, Stata, and Matlab will be used. A good working knowledge of basic statistics and regression techniques is needed. Prior experience with GIS is helpful but not required. Prerequisites: AGEC 45100 or AGEC 65000 or ECON 67100 or STAT 41700 or STAT 51200 or STAT 51700 . Typically offered Spring.
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AGEC 63200 - The Economics Of Health Care And Health Policy
Credit Hours: 3.00. An introduction to the economic analysis of health outcomes, the health-care sector and health policy issues in the United States. The course explores the allocation and distribution of resources in the health-care industry. Topics covered include: the demand for health care, health insurance, hospitals and hospital care, and the services and health-care professionals. The health outcomes will include analyses of studies on obesity, race and socioeconomic status on child and adult health. This course also introduces the student to the unique economic challenges of financing and developing effective health services in developing countries. The course is especially suitable for students who are considering a career in a health profession, in health management or administration, health policy, or in public policy with a strong emphasis on health care. Prerequisites: STAT 30100 or STAT 50100 or STAT 51100 or STAT 51200 or SOC 38200 or SOC 58100 or PSY 50000 or AGEC 55200 . Typically offered Fall.
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AGEC 63300 - Advanced Topics In Space, Health, And Population Economics
Credit Hours: 1.00. This course is designed to introduce students to advanced research in space, health, and population economics. It is designed to introduce both topical content and state-of-the-art research tools to students through a combination of guest speakers, faculty presentations, and discussions. The seminar also serves as a forum for students to present their own work and receive critical commentary from faculty and peers. The course is organized as a graduate seminar and gives students a chance to actively explore their own research ideas. Typically offered Fall Spring.
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AGEC 64000 - Agricultural Policy
Credit Hours: 3.00. Policy analysis for agriculture in the world economy. Emphasis on application of economic theory to analyze commodity programs, international trade, environmental concerns, and investment in human capital and agricultural research. Prerequisite: AGEC 41000 , AGEC 60400 . Typically offered Fall.
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AGEC 64300 - Theory Of Economic Development
Credit Hours: 3.00. The economic theories behind the predominant approaches to economic development are reviewed. Both the sources of growth and problems in the development process are stressed. Emphasis is on the analysis and evolution of the models supporting the different approaches and the empirical analysis leading to changes in the paradigms. The role of agriculture in the economic development process is one of the topics. Other important issues are technological change, income distribution, structural adjustment, and the debt problem. Prerequisite: ECON 51100 , ECON 51200 . Typically offered Summer.
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AGEC 64400 - International Agricultural Trade
Credit Hours: 3.00. International trade theory relevant to understanding world agricultural trade and the problems of agriculture in an open economy. Models for analyzing the effects of trade policy and market conditions on the agricultural sector. Welfare analysis of restrictions on trade. Prerequisite: ECON 51100 , ECON 51200 Typically offered Spring.
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AGEC 65000 - Application Of Quantitative Analysis: Econometrics I
Credit Hours: 3.00. Brief presentation of probability concepts, mathematical expectation, probability density and distribution functions as background for studying principles of economic model construction. Emphasis is on econometric single equation models, principles of estimation, the general linear model, tests of hypothesis, confidence interval estimation, and special topics such as errors in the variables, multicollinearity, dummy variables, hetero-scedasticity, autocorrelation and prediction problems. Prerequisite: STAT 51100 ; ECON 51100 or ECON 60700 , matrix algebra. Typically offered Fall.
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AGEC 65100 - Application Of Quantitative Analysis: Econometrics II
Credit Hours: 3.00. Emphasis is on using advanced econometric techniques. The course covers use of computer software and interpretation and reporting of econometric results. The first part of the course includes general econometric concepts, such as least squares and maximum likelihood estimation, desirable statistical properties, assumptions of the classical linear regression model, Monte Carlo methods, nested and non-nested hypothesis tests. Later, more specialized topics are covered, including multiple equation models, simultaneous equation models, limited dependent variable models, and other topics that are deemed relevant. Prerequisite: AGEC 65000 . Typically offered Spring.
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AGEC 65200 - Application Of Quantitative Analysis: Mathematical Programming
Credit Hours: 3.00. Recent literature on the theory and application of mathematical programming and agricultural modeling. Model building and analysis techniques with focus on matching solution methods to problems. Prerequisite: AGEC 55200 , ECON 61200 ; a course in matrix alegbra. Typically offered Spring.
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AGEC 65400 - Economic Dynamics
Credit Hours: 2.00. Focuses on the application of the tools of dynamic optimization to problems in economics. Covers continuous-time and discrete-time dynamic optimization techniques, including the calculus of variations, optimal control theory, and dynamic programming. Applications are drawn from a range of problems in microeconomics and macroeconomics, including current topics in agricultural economics, natural resource economics, and investment theory. Course meets weeks 1 - 10. Prerequisite: AGEC 65200 , ECON 60700 . Typically offered Fall.
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AGEC 65500 - Applied Economic Time Series Analysis
Credit Hours: 3.00. This course is designed to improve students’ abilities to estimate and interpret time series models. The course begins with univariate models and progresses to multivariate analysis. Alternative methods for identifying, estimating, and forecasting with time series models will be discussed. In addition, analysis of non-stationary time series and co-integration modeling will be covered in this course. Prerequisite: AGEC 65100 or Consent of Instructor. Mastery of applied statistics, calculus, and microeconomic theory at the Masters level or higher is desirable. Typically offered Fall.
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AGEC 66000 - Teaching Agricultural Economics
Credit Hours: 1.00. A study of approaches successful teachers of agricultural economics use in undergraduate classrooms, starting with course organization and content through giving grades. Each student will critically observe experienced teachers and participate in a thorough microteaching experience. Permission of instructor required. Typically offered Fall.
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AGEC 68100 - Economics for Food and Agribusiness Managers
Credit Hours: 3.00. Addresses the institutional setting, business climate, and structure of the food and agricultural markets. Encompasses both the domestic and international dimensions of the food chain, including consumer demand, global sourcing, and worldwide production potential. Focuses on managerial economics, as applied to such topics as food system market structure, the nature and dimensions of domestic and global competition, the components of cost and revenue, and the food system value chain. MS-MBA in Food and Agribusiness majors only. Prerequisite: EMBA Food Agr Business majors only. Permission of department required. Typically offered Fall.
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AGEC 68200 - The Macroeconomics and Trade Environment of the Food System
Credit Hours: 3.00. Exposes students to the nature of linkages among agriculture, international markets, and the macro-economy, which are key to the fortunes of U.S. farmers and agribusiness. Exam theories and methods that allow students to establish or quantify these linkages and evaluate the consequences of alternative policies, demonstrating the usefulness of economic analysis as a tool. Also explores current policy issues facing the food and agribusiness industries, which might include farm legislation; environmental regulations; and food safety and nutrition labeling rules, among other policy topics. Prerequisite: EMBA Food Agr Business majors only. Permission of department required. Typically offered Fall.
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AGEC 68400 - Applied Quantitative Methods For Decision Making
Credit Hours: 3.00. Explores the application of contemporary concepts and quantitative techniques for decision making in the face of uncertainty. Focus is on application of statistical tools to decisions facing the food and agricultural business manager. Prerequisite: EMBA Food Agr Business majors only. Permission of department required. Typically offered Fall.
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AGEC 68500 - Advanced Quantitative Methods For Decision Making Under Uncertainty
Credit Hours: 3.00. Explores key areas of risk management of the food and agricultural firm, including price, production, strategic, regulatory, technology, market/competitor, political, financial, and exchange rate risk. Contemporary tools, such as score carding, decision trees, and real options are introduced for quantifying and managing uncertain decisions. Prerequisite: EMBA Food Agr Business majors only. Permission of department required. Typically offered Fall.
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AGEC 68600 - Strategic Food and Agribusiness Management
Credit Hours: 3.00. This course explores integration of the functional areas of business at the corporate level. Heavy emphasis is on analysis of the business environment, setting strategic direction, assessing core competencies, choosing a market position and developing competitive advantage, and organizational implementation and control in the context of the food and agricultural markets. The course makes heavy use of case studies of firms in the food and agricultural marketplace. Prerequisite: EMBA Food Agr Business majors only. Permission of department required. Typically offered Spring.
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AGEC 68700 - Problem Solving And Project Management For Decision Makers
Credit Hours: 3.00. Develops a structured approach to problem solving, including problem definition, development of alternatives, identifying consequences, assessing trade-offs, and making informed choices. Research methods and project management concepts will be addressed. A major business analysis project will be framed during the course, to be completed as part of the capstone course in business analysis. Prerequisite: EMBA Food Agr Business majors only. Permission of department required. Typically offered Summer.
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AGEC 68800 - Business Analysis Capstone Project
Credit Hours: 3.00. Capstone experience where students will work on individual projects focused on a comprehensive detailed analysis of an issue facing their employer or an issue of general interest to the student. It is expected that this project will draw on tools and concepts developed throughout the MS program and be delivered to an appropriate audience of decision-makers upon completion. Prerequisite: EMBA Food Agr Business majors only. Permission of department required. Typically offered Spring Fall.
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AGEC 69000 - Seminars In Agricultural Economics
Arrange Hours and Credit. Intensive study of selected current developments in agricultural economics. Topics will be announced in advance. Permission of instructor required. Typically offered Fall.
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AGEC 69100 - Topical Research In Agricultural Economics
Credit Hours: 1.00 to 6.00. Topics of interest to the student. Designed to give training in research. Credit dependent upon amount of work done. Permission of instructor required. Typically offered Fall Spring Summer.
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AGEC 69200 - Workshop In Applied Economics
Credit Hours: 1.00. A workshop on how to communicate research results in a seminar setting. Students present at least once during the course and will be present for other students’ presentations. Students may present their own research, or a paper from a recent journal also is acceptable. The course is open to master’s students, and one credit of this course is required of doctoral students. Typically offered Fall Spring Summer.
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AGEC 69800 - Research MS Thesis
Credit Hours: 1.00 to 18.00. Research MS Thesis. Permission of instructor required. Typically offered Fall Spring Summer.
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AGEC 69900 - Research PhD Thesis
Credit Hours: 1.00 to 18.00. Research PhD Thesis. Permission of instructor required. Typically offered Fall Spring Summer.
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Agricultural Systems Management |
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ASM 10400 - Introduction To Agricultural Systems
Credit Hours: 3.00. Basic principles of selection and operation of agricultural production equipment, including farm tractors and machines and crop-processing equipment. Planning considerations for crop storage and animal production systems and devices for water conservation and erosion control. Typically offered Fall Spring.
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ASM 10500 - Agricultural Systems Computations And Communication
Credit Hours: 3.00. Use of computers to solve problems related to agricultural technology and businesses. Spreadsheets, word processors, and presentation software will be the focus. Emphasis will be on logical problem solving and data presentation using advanced features of office software. A 10000-level number is being used because it is intended as a first-year course. Typically offered Spring.
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ASM 20100 - Construction And Maintenance
Credit Hours: 3.00. Fundamental principles in the selection and use of tools for the construction and maintenance of agricultural and related facilities, equipment, and machines. Areas covered include small engines, concrete and masonry, wood, plumbing, electricity, and metal. Typically offered Fall Spring.
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ASM 21100 - Technical Graphic Communications
Credit Hours: 3.00. Introduction to graphic communication methods using traditional techniques and emphasizing modern computer-based techniques. Topics covered include: free-hand sketching, lettering, and dimensioning; selection of data presentation methods; and plan interpretation and cost calculations. A majority of assignments will include use of commercially available computer-aided drawing packages. Typically offered Fall Spring.
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ASM 21600 - Introduction To Surveying
Credit Hours: 1.00. Introduction to plane surveying, including instruction and practice in the use of surveying instruments. Basic overview of distance/angle measurement, leveling, direction, traversing, and mapping. Each weekly topic includes practical application and field exercises as applied to landscape architecture and forestry. Typically offered Spring.
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ASM 22100 - Career Opportunities Seminar
Credit Hours: 1.00. An introductory course to acquaint students with career and employment opportunities in the field of agricultural systems management. Guest speakers are invited to share their experiences and philosophies with the students. Special emphasis is given to improving communication skills. Typically offered Fall.
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