Economics of Sustainable Development and Management (BS)
The B.S. degree in Economics of Sustainable Development and Management prepares students to use economic analysis and quantitative methods to understand and evaluate decision problems faced by individuals, firms, and public agencies. Students will learn how to apply economic analysis to the organization and operation of businesses and industries, the economic development process, and its application to specific regions and communities. The curriculum incorporates business management, marketing and finance, production, investment choices, international trade, consumer behavior, sustainable development, economics of the food system, economic analysis of policies and programs that target human wellbeing, including health and nutrition, and the economics of poverty.
Requirements
| Course | Title | Credits |
|---|---|---|
| Competency Requirements | ||
| All Economics of Sustainable Development and Management majors must pass: | ||
| ARE 1150 | Principles of Applied and Resource Economics | 3 |
| or ECON 1200 | Principles of Economics (Intensive) | |
| or ECON 1201 | Principles of Microeconomics | |
| ARE 2150 | Intermediate Applied and Resource Economics | 3 |
| ARE 2155 | Imperfect Competition and Behavioral Economics | 3 |
| A minimum of 15 additional credits of ARE courses at the 2000 level or above | 15 | |
| Writing Requirement | ||
| ARE 2261W | Writing in Food Policy | 1 |
| or ARE 2435W | Writing in Environmental and Resource Policy | |
| Advanced Information Literacy Requirement | ||
| ARE 2261W | Writing in Food Policy | 1 |
| or ARE 2435W | Writing in Environmental and Resource Policy | |
The courses used to satisfy the 15 additional credit ARE minimum can also be used to fulfill the CAHNR 36-credit requirement and the concentrations.
Students in this major may choose no concentration, one concentration, or two concentrations from the following: Business Management and Marketing and Development Economics and Policy. The requirements for each concentration are listed below.
Business Management and Marketing Concentration
Majors choosing a concentration in Business Management and Marketing must take a total of at least 18 credits from the courses listed below.
| Course | Title | Credits |
|---|---|---|
| Core Courses | ||
| Select at least 12 credits from the following: | 12 | |
| Essentials of Accounting and Business | ||
| Business Management | ||
| Managerial Economics and Business Strategies | ||
| Marketing and Consumer Behavior | ||
| Business Organization and Labor Markets | ||
| Computational Analysis in Applied Economics | ||
| Elective Courses | ||
| Select up to six credits from the following: | 6 | |
| Food Policy | ||
| Measuring Impact of Programs that Raise Human Well-being | ||
| Sustainability Policy and Management | ||
| Price Analysis and Futures Trading | ||
| Market Planning and Survey Research in the Food Industry | ||
| Business Finance and Investment Management | ||
| International Commodity Trade | ||
or ARE 4476 | International Trade and Policy | |
| Money and Banking | ||
Up to three credits of 3000-level or above course with approval of advisor | ||
| Total Credits | 18 | |
With approval of advisor, additional courses in ARE or in related fields can be used to fulfill the CAHNR 36-credit requirement for the major with this area of concentration.
Development Economics and Policy Concentration
Majors choosing a concentration in Development Economics and Policy must take a total of at least 18 credits from the courses listed below.
| Course | Title | Credits |
|---|---|---|
| Core Courses | ||
| Select at least 12 credits from the following: | 12 | |
| Food Policy | ||
| Measuring Impact of Programs that Raise Human Well-being | ||
| Economic Development, Environment, and Policy | ||
| Computational Analysis in Applied Economics | ||
| International Commodity Trade | ||
or ARE 4476 | International Trade and Policy | |
| Sustainable Economic Development | ||
| Elective Courses | ||
| Select up to six credits from the following: | 6 | |
| Environmental and Resource Policy | ||
| Sustainability Policy and Management | ||
| Market Planning and Survey Research in the Food Industry | ||
| Economics of Energy, Climate, and the Environment | ||
| Introduction to Global Health | ||
| Economics of the Global Economy | ||
| Economics of Poverty | ||
| Economic Development in Latin America and the Caribbean | ||
ECON 3421W | ||
| Economic Development | ||
| Economic Growth | ||
| Urban Geography | ||
| Globalization and Political Change | ||
| International Political Economy | ||
| Urban Sociology | ||
| Women and Poverty | ||
| Women in Political Development | ||
Up to three credits of 3000-level or above course with approval of advisor | ||
| Total Credits | 18 | |
With approval of advisor, additional courses in ARE or in related fields can be used to fulfill the CAHNR 36-credit requirement for the major with this area of concentration.
Note
Students can add one or more minors offered by the ARE Department except for the minor(s) with the same name as the chosen concentration.
Minors in Business Management and Marketing, Environmental Economics and Policy, Development Economics and Policy, and Equine Business Management are described in the Minors section.
University General Education Requirements
Every student must meet a set of core requirements to earn a baccalaureate degree, in addition to those required by the student's major course of study and other requirements set by the student's school or college. For more information about these requirements, please see General Education Requirements.
College of Agriculture, Health and Natural Resources Degree Requirements
Students must meet a set of requirements established by the college in addition to the University's General Education requirements. For more information, see the College of Agriculture, Health and Natural Resources section of this catalog.
Accelerated Applied and Resource Economics MS
This fast-track to the M.S. is designed for students who receive their B.S. degree from the ARE Department and then go on to pursue the M.S. in Applied and Resource Economics. The program is designed to allow students who enroll in graduate school in the summer following completion of their BS to complete all requirements for the M.S. within one calendar year. To complete the degree in this accelerated timeframe, the 120 credits students take for their B.S. should include six graduate credits of required courses (ARE 5201 Microeconomics or ECON 5201 Microeconomics, and ARE 5311 Applied Econometrics I) that can be included on the student’s undergraduate plan of study and also applied to the M.S. requirements of 30 credits. Once students earn their B.S., they must take 24 more M.S. credits, following one of the three plans of study described on the M.S. in Applied Resource and Economics page. Students pursuing a Plan A or Plan B (Major Paper) plan of study will take up to six credits of GRAD 5950 Master's Thesis Research (for Plan A) or ARE 5499 Independent Study in Agricultural and Resource Economics and/or ARE 5991 Professional Internship (for Plan B (Major Paper) during the summer between the 4th and 5th year, working to develop an applied project or thesis with a faculty advisor. Students pursuing a Plan B (Coursework) plan of study will take up to six credits of approved electives during that summer.