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.

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.

The use of Excel tools and commands to organize, analyze, and interpret data and create reports that can be understood by lay audiences in an increasingly data-driven world.

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.

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.

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

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

Application of economics theory, methods and concepts to focus on electricity markets, electricity generation, financing of the power transmission grid, regulation, policies and the welfare effects of policies within the current generation and implications for future generations. Topics include energy demand and supply, energy pricing, the environmental consequences of energy consumption and production, the regulation and design of energy systems and markets, and economics of policies designed to facilitate transitions to carbon neutrality, such as carbon credits, offsets, and renewable portfolio standards. Lectures, computer applications with data, analysis of current events, and class discussions. CA 2.

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

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

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.

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

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.

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. CA 2.

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.

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.

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.

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.

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

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.

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.

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.

The practice of creating a sustainable business plan as a critical step for entrepreneurial success. In this class you will learn principles of marketing, financial and human resource management as well as budgeting techniques and the legal and organizational structure of businesses while creating a sustainable business plan.

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.

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

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.

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.

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.

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).

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.

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

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

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