Undergraduate Course Directory

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Click on the links below for a list of courses in that subject area. You may then click “View Classes” to see scheduled classes for individual courses.

1110E. Population, Food, and the Environment

3.00 credits

Prerequisites: None.

Grading Basis: Graded

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.

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1150. Principles of Applied and Resource Economics

3.00 credits

Prerequisites: Not open for credit to students who have passed ECON 1201.

Grading Basis: Graded

An introduction to microeconomic analysis with applications to food, nutrition, health, natural resources, and the environment. Topics include consumer and firm behavior, supply, demand, markets, and economic policy. CA 2.

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2150. Intermediate Applied and Resource Economics

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or ECON 1201. May not be taken out of sequence after passing ARE 3223.

Grading Basis: Graded

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 applied and computational exercises.

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2155. Imperfect Competition and Behavioral Economics

3.00 credits

Prerequisites: ARE 2150 or ECON 2201 or 2211Q.

Grading Basis: Graded

Extension of intermediate microeconomic theory to include noncompetitive markets and psychology to consumer behavior. Topics include monopolies and oligopolies (and their welfare implications); game theory (including adverse selection and moral hazard); and behavioral economics (such as time inconsistency, loss aversion, and pro-social preferences). Emphasis will be placed on real-world applications of theory in agriculture, health, natural resources, and the environment.

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2210. Essentials of Accounting and Business

3.00 credits

Prerequisites: None.

Grading Basis: Graded

An analysis of basic business principles, fundamentals and concepts for agribusiness entrepreneurs. Taught with SARE 460.

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2215. Business Management

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Analysis of marketing, management, and financial decision-making tools in agribusiness. Formerly offered as ARE 3215.

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2235. Marine Economics and Policy

3.00 credits

Prerequisites: Recommended preparation: ARE 1150 or ECON 1200 or ECON 1201.

Grading Basis: Graded

Fundamental theory, methods, and policy implications of environmental and resource economics, with an emphasis on coastal and marine environments. Topics include pollution policy, fisheries, water quality and allocation, international trade, wildlife and biodiversity, land use, and economic valuation. Designed for students with diverse departmental affiliations. CA 2.

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2260. Food Policy

3.00 credits

Prerequisites: Recommended preparation: ARE 1150 or ECON 1200 or 1201; basic skills in Excel.

Grading Basis: Graded

Analysis of food and agricultural policies in the United States and abroad. Designed for students with diverse departmental affiliations. Formerly offered as ARE 3260.

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2261W. Writing in Food Policy

1.00 credits

Prerequisites: ARE 2260, may be taken concurrently; ENGL 1007 or 1010 or 1011 or 2011; open to Applied and Resource Economics majors, others with instructor consent.

Grading Basis: Graded

A writing intensive course on issues related to food policy, integrated with course content in ARE 2260. Formerly offered as ARE 3261W.

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2434E. Environmental and Resource Policy

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Emergence of environmental policies from the local, legal, and regulatory angles. Formalization and structure of environmental policy with a focus on the hurdles, design, and implementation of policy, particularly air and water policy. Suitable for all majors.

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2435W. Writing in Environmental and Resource Policy

1.00 credits

Prerequisites: ARE 2434E, which may be taken concurrently; ENGL 1007 or 1010 or 1011 or 2011; open only to Environmental and Natural Resource Economics, Economics of Sustainable Development and Management, and Applied and Resource Economics majors, others by consent.

Grading Basis: Graded

A writing intensive course integrated with course content in ARE 2434E. Formerly offered as ARE 3440W.

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2464. Measuring Impact of Programs that Raise Human Well-being

3.00 credits

Prerequisites: Recommended preparation: ARE 1150 or ECON 1200 or 1201. Not open to students who have completed ARE 3464.

Grading Basis: Graded

The theory and practice behind measuring impacts and costs of programs that raise human welfare through poverty alleviation, economic development, and social and environmental justice. Case studies will show how governments and organizations can best optimize programming. Examples include how to increase incomes and farm productivity, how to decrease disease and child mortality, and how to improve resilience to climate change. Topics include survey design, performance indicators, the logical framework and results matrix, sample design, impact evaluation methodologies and project appraisal. Formerly offered as ARE 3462.

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2525. Sustainability Policy and Management

3.00 credits

Prerequisites: None.

Grading Basis: Graded

What factors do we need to consider for evaluating sustainability and its implementation? How do those factors depend on the topic at hand? This course is an effort to answer these two questions and to provide perspectives and tools to better evaluate whether we should or should not pursue a particular sustainability option. We will discuss a wide array of topics in sustainability, such as waste, healthcare, energy, food, climate, and the production of animal agriculture.

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3221. Managerial Economics and Business Strategies

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or ECON 1201. Recommended preparation: MATH 1071Q or 1110Q or 1120Q or 1131Q or 1151Q; or STAT 1000Q or STAT 1100Q.

Grading Basis: Graded

The application of microeconomic analysis to decision-making techniques of businesses and management units with a particular focus on the food industry covering topics such as electing or developing products, deciding on product output and pricing, organizational design, promotional strategies, worker hiring and training, and investment and financing.

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3222. Marketing and Consumer Behavior

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or ECON 1201.

Grading Basis: Graded

This course focuses on principles of contemporary marketing, including consumer behavior, social media, product, promotion, distribution and pricing strategies, with special emphasis on food and health.

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3223. Business Organization and Labor Markets

3.00 credits

Prerequisites: ARE 2150 or 3150.

Grading Basis: Graded

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.

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3225. Price Analysis and Futures Trading

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or ECON 1201; STAT 1000Q or 1100Q or equivalent.

Grading Basis: Graded

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.

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3305E. Economic Development, Environment, and Policy

3.00 credits

Prerequisites: ARE 1150 or ECON 1201 or ECON 1200.

Grading Basis: Graded

Integrating the topics of economic development and the environment. Overview of economic development and growth in developed and developing nations. Classical and modern theories of economic growth and measures of economic inequality. Population growth, sustainable economic development, rural-urban interactions, agricultural transformation, and impacts on the environment. The role of education and health, policies for economic development, and climate adaptation.

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3333. Computational Analysis in Applied Economics

3.00 credits

Prerequisites: STAT 1000Q or STAT 1100Q, or similar; laptop computer in class. Recommended preparation: ECON 1200 or ECON 1201 or ARE 1150.

Grading Basis: Graded

Learn fundamental concepts of statistics and economics through analysis of economic data using computer spreadsheets.

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3436. The Economics of Integrated Coastal Management

3.00 credits

Prerequisites: Recommended Preparation: ARE 1150 or ECON 1200 or 1201.

Grading Basis: Graded

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.

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3437E. Marine Fisheries Economics and Policy

3.00 credits

Prerequisites: Recommended Preparation: ARE 1150 or ECON 1200 or 1201.

Grading Basis: Graded

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.

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3438E. Climate Economics

3.00 credits

Prerequisites: ARE 1150 or ECON 1201 or ECON 1200.

Grading Basis: Graded

Analysis of the interactive relationship between the economy and climate change. Use of principles and tools of economics to focus on the costs of changes in the severity and frequency of weather events, how these costs are influenced by markets and policies, and how costs and benefits are distributed across populations within the U.S and across the globe in the short and long terms. Examination of household, firm-level, national and international decision-making as influenced by climate change, taking into account uncertainty, diverging interests, external costs, and evaluation of models used to alternative scenarios.

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4205. Market Planning and Survey Research in the Food Industry

3.00 credits

Prerequisites: ARE 1150 and 3333.

Grading Basis: Graded

Overview of market planning in the food industry, with emphasis on survey design and implementation. Student groups will work with clients to develop tailored market plans.

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4217. Business Finance and Investment Management

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or 1201; open to juniors or higher.

Grading Basis: Graded

Theory and practice of business finance and investment management, including sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm, and the tools and analysis used to allocate financial resources. Emphasis on investment decision-making, corporate risk management, capital flow management, and mergers and acquisitions. Use of real-world applications to provide students with a solid background in the economic theory of business finance and investment management in food and resource industries.

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4279. International Commodity Trade

3.00 credits

Prerequisites: Recommended preparation: ARE 1150 or ECON 1200 or 1201.

Grading Basis: Graded

The basic principles of international commodity trade and market institutions. Applications to current problems of international commodity trade and policy.

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4305. Sustainable Economic Development

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or ECON 1201; MATH 1071Q or 1110Q or 1120Q or 1126Q or 1131Q. Credit may not be received for both ARE 4305 and 5305.

Grading Basis: Graded

The role of sustainable economic development of less developed economies. Microeconomic dimensions of agricultural development, food security, agricultural production and supply, foreign assistance, and government programming.

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4438E. Valuing the Environment

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or ECON 1201.

Grading Basis: Graded

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.

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4444. Economics of Energy, Climate, and the Environment

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or ECON 1201; open to juniors or higher.

Grading Basis: Graded

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.

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4462E. Environmental and Resource Economics

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or ECON 1201; MATH 1071Q or 1110 or 1120 or 1126 or 1131Q; open to juniors or higher. Credit may not be received for both ARE 4462 and 5462.

Grading Basis: Graded

Natural resource use and environmental quality analysis using economic theory. Reviews of empirical research and relevant policy issues.

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4476. International Trade and Policy

3.00 credits

Prerequisites: ARE 1150 or ECON 1200 or 1201. Recommended preparation: MATH 1071Q or 1110Q or 1120Q or 1131Q or 1151Q; or STAT 1000Q or 1100Q. Not open for credit to students who have passed ARE 5476.

Grading Basis: Graded

Analysis of international trade and trade policy focusing on agricultural and food markets. Covers trade-related issues concerning economic development and growth. Focus on current challenges to the multilateral trading system and the theoretical foundation for understanding the economic importance of firms, international trade, and global capital flows. Introduction of methods and tools for counterfactual evaluation of trade policies. Taught concurrently with ARE 5476.

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4897. Honors Thesis

3.00 credits

Prerequisites: ENGL 1007 or 1010 or 1011 or 2011; open to seniors; open only with consent of instructor to students in the Honors Program.

Grading Basis: Honors Credit

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4900. Farm Credit Fellows Seminar

1.00 credits

Prerequisites: One or more of the following courses: ARE 2150, 2210, 2215; ACCT 2001; BADM 3730; or FNCE 3101.

Grading Basis: Satisfactory/Unsatisfactory

Course offered with Farm Credit East. Students learn agribusiness concepts from the lender's perspective. Students taking this course will be assigned a grade of S (satisfactory) or U (unsatisfactory).

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4991. Professional Internship

1.00 - 6.00 credits | May be repeated for a total of 6 credits.

Prerequisites: Open to junior or senior Applied and Resource Economics majors with Independent Study Authorization.

Grading Basis: Graded

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. Requires Independent Study Authorization with consent of department head and advisor.

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4993. Foreign Study

1.00 - 15.00 credits | May be repeated for credit.

Prerequisites: None.

Grading Basis: Graded

Special topics taken in a foreign study program. Consent of department head required, normally to be granted prior to the student's departure.

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4994. Seminar

1.00 - 6.00 credits | May be repeated for credit.

Prerequisites: None.

Grading Basis: Graded

Participation in staff conferences and discussions, reviews of important books, and reports on recent developments in economic theory and research. Credits and hours by arrangement.

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4995. Special Topics

1.00 - 6.00 credits | May be repeated for credit.

Prerequisites: None.

Grading Basis: Graded

Topics and credits to be published prior to the registration period preceding the semester offerings.

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4999. Independent Study

1.00 - 6.00 credits | May be repeated for credit.

Prerequisites: None.

Grading Basis: Graded

Designed primarily for Resource Economics majors. Open to students with Independent Study Authorization.

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