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Master of Science in Agricultural Economics

The New Mexico State University Master of Science Program in Agricultural Economics (MS-AEEC) is an excellent graduate education alternative for individuals completing or holding undergraduate degrees in agricultural, resource, environmental or general economics, agricultural business, and agricultural and food sciences. The program, jointly offered by the Department of Agricultural Economics and Agricultural Business (AEAB) and the Department of Economics and International Business (EIB), is designed to train future intellectual leaders for the food and fiber industry, which employs about 17% of the labor force in the U.S. and other industrialized countries, and over 25% worldwide.

The graduates from NMSU's MS-AEEC Program have the distinctive quality of being trained in economic theory and analytical tools, and of being capable of applying these theories, concepts and tools to evaluate economic and business issues and address problems affecting agricultural production, natural resource management, the environment, and the food and fiber industry.

The program of studies includes a required core of four courses: micro and macroeconomic theory, production economics, and econometrics; and elective classes in international agricultural trade theory and policy, advanced agricultural policy, natural resources management and policy, advanced computer applications, the management of agribusiness firms, advanced agribusiness marketing, and agricultural commodity futures markets and trading. The students gain additional expertise in a particular field of agricultural economics or agricultural business through a thesis research project under the direction of professor who has an expertise in that area.

Although the academically rigorous orientation of this program makes it ideal for individuals planning to pursue research-related careers or to continue their education at the PhD level, the conceptual and analytical skills of the graduates gives them an edge in problem-solving and economically rational thinking, which are valuable talents in many careers. As a result, MS-AEEC program graduates have been successful in a variety of non-research careers within and outside the food and fiber industry. Our graduates have also found excellent career opportunities in the public sector with agencies such as the U.S. Department of Agriculture (USDA), the Environmental Protection Agency (EPA), the Bureau of Land Management (BLM), the U.S. Agency for International Development (USAID), and various non-governmental organizations (NGO's) and private foundations.

Degree Requirements

Required Courses

The Master of Science in Agricultural Economics consists of a minimum of 33 credit hours.

The Core Requirements of this program are:

  • AEEC 501 (3)
  • AEEC 502 (3)
  • AEEC 540 (3)
  • AEEC 585 (3)
  • AEEC 599 (4 to 6 hrs)

    16 hours total (with 4 Thesis hours)

    18 hours total (with 6 Thesis hours)

    AEAB Block:

    In addition to the above choose 3 courses (9 hrs) from the list below:

  • AEEC 511/FIN 511 (3)
  • AEEC 520 (3)
  • AEEC 526 (3)
  • AEEC 545 (3) (must be taken as part of AEAB Block if not taken as AGE 445G)
  • AEEC 550 (3)
  • AEEC 551 (3)
  • AEEC 556 (3)
  • AEEC 575 (3)
  • AEEC 580 (3)
  • AEEC 590 (3)
  • AEEC 596 (3 hrs only)

    9 hours total

    PLUS: 2 graduate level courses (6 hrs) of student's choosing (may include 3 hrs of Individual Study)
    6 hrs total

    18 + 9 + 6 = 33 hours

    OR:

    Select a justifiable minor (per Graduate School policy) AND two courses from the AEAB list of above.

    Total Hours from the Minor (9+ hours) plus 6 hours from the list of 8 above = ~15 hours.

    18 + 15 = 33 hours

    Note: The MS degree requires a B or better in micro & macro economics (ECON 371/372).