Head of Department: Professor Rigoberto Lopez
Department Office: Room 305, W.B. Young Building
For major requirements, see the College of Agriculture, Health and Natural Resources section of this Catalog.
The role of agriculture in the growth and development of societies throughout the world. Economic, social, and environmental problems of food production and resource needs in developing and advanced societies. CA 2.
Three credits. Taught with SARE 450.
An introduction to agricultural economics, the role of agriculture in today’s United States economic system, and relationships that regulate the entire economic environment. CA 2.
Applications of intermediate level microeconomic theory to problems and policy issues in agriculture, natural resources, and the environment. Topics include supply, demand, market equilibrium, consumer and producer behavior, perfect competition, and welfare economics. Emphasis will be placed on using the theory in computational exercises.
(Formerly offered as ARE 3210.) Three credits. (Taught with SARE 460.)
An analysis of basic business principles, fundamentals and concepts for agribusiness entrepreneurs.
Fundamental theory, methods, and policy implications of environmental and resource policies and economics, with an emphasis on coastal and marine environments. Topics include fisheries management, aquaculture production, marine biodiversity, non-renewable and renewable ocean energy, marine pollution, international ocean governance, anthropogenic climate change impacts, and integrated management and conservation approaches. Designed for students with diverse departmental affiliations. CA 2.
Analysis of marketing, management, and financial decision-making tools in agribusiness.
Three credits. Recommended preparation: ARE 2150.
Market structure and business strategies of firms, including pricing, advertising, entry, and new products. Analysis of mergers and other antitrust issues from a public as well as firm perspective. Case studies of actual events.
Principles of marketing and determinants of consumer choices. Particular attention to demographic economic factors and to changing concerns regarding health and food safety.
Three credits. Prerequisite: ARE 2150 or 3150.
Analytical tools that economists use to evaluate the organizational and hiring decisions of firms. Emphasis on the effect of government policies and programs on how many workers are hired, how much they are paid, and how other forms of compensation are structured. Specific areas of consideration may include: minimum wages, federal income tax, payroll and self-employment taxes, unemployment insurance, immigration, health insurance, retirement account contributions, the use of contractors in place of employees (the so-called “gig economy”), legal form of organization, and business liability. Special emphasis on using original sources, including federal statistical agency data products, reports from federal oversight bodies, US Code, and IRS publications.
Principles and applications of market price determination, with special emphasis on the use of futures markets for profit and price risk management. Includes food and energy case studies, internet applications, and a futures simulation exercise.
Analysis of food and agricultural policies in the United States and abroad. Designed for students with diverse departmental affiliations.
A writing intensive course on issues related to food policy, integrated with course content in ARE 3260.
Fundamental concepts of statistics and economics through analysis of economic data using computer spreadsheets.
Economic and policy aspects of natural resource use and environmental quality issues. Designed for students with diverse departmental affiliations.
Explores the theory and practice of integrated coastal management (ICM); introduces major concepts, processes, tools and methods of ICM; and analyzes United States and international experiences with ICM.
Explores the various natural, human and management components of the fishery system and presents the application of economic and policy analysis for the optimal allocation of resources to a fishery.
A writing intensive course integrated with course content in ARE 3434.
Case studies to present the process by which organizations can best optimize programming. Topics include performance indicators, the logical framework and results matrix, sample design, impact evaluation methodologies and project appraisal. Not open to students who have passed ARE 4464.
Analysis of financial statements, credit, risk and investment decision-making.
Management techniques for achieving the economic objectives and standards of the firm, with maximum efficiency in the use of capital, personnel, facilities and equipment. Directed toward those students who plan to enter agribusiness.
The basic principles of international commodity trade and market institutions. Applications to current problems of international commodity trade and policy.
The role of agriculture in the economic development of less developed economies. Microeconomic dimensions of agricultural development, economics of food consumption and nutrition, agricultural technology and productivity, agricultural supply, land tenure and agrarian reform, foreign assistance, trade agreements and agricultural price policy.
Conceptual and practical understanding of main methods used to evaluate economic benefits of environmental protection and damages from degradation. Methods include: change in productivity, hedonic pricing, travel cost method, contingent valuation, defensive expenditures, replacement costs, and cost-of-illness. Topics covered include: recreation, soil-erosion, energy, forestry, hazardous waste, air pollution, deforestation, wetlands, wildlife, biodiversity, noise, visibility, water and water pollution.
Economics of energy issues with special reference to local and regional environmental quality, global climate change, and energy markets. Environmental and economic implications of developing alternative sources of energy. Regulatory policies in relation to transportation, industry, commercial and residential energy use.
Natural resource use and environmental quality analysis using economic theory. Reviews of empirical research and relevant policy issues.
(Formerly offered as ARE 4091.) Variable credits (1-6). Repeatable for a total of six credits. Prerequisite: Open only to junior and senior students majoring in Applied and Resource Economics who have demonstrated outstanding academic ability and possess excellent professional potential; requires Independent Study Authorization with consent of department head and advisor.
Provides students with a meaningful experience in a formalized applied resource economics program under supervised conditions. Each student taking this course must submit a formal written report for evaluation and meet all other course requirements as specified by the instructor.
(Formerly offered as ARE 4093.) Variable credits (1-15). Hours by arrangement. Prerequisite: Consent of Department Head required, normally to be granted prior to the student’s departure. May count toward the major with consent of the advisor and Department Head. May be repeated for credit.
Special topics taken in a foreign study program.
(Formerly offered as ARE 4094.) Credits and hours by arrangement. May be repeated for credit with a change of topic.
Participation in staff conferences and discussions, reviews of important books, and reports on recent developments in economic theory and research.
(Formerly offered as ARE 4095.) Credits and hours by arrangement. Prerequisite: Open only with consent of instructor. May be repeated for credit with a change of topic.
Topics and credits to be published prior to the registration period preceding the semester offerings.
(Formerly offered as ARE 4099.) Credit and hours by arrangement. Prerequisite: Open to students with Independent Study Authorization.
Designed primarily for Resource Economics majors.