Agricultural Economics and Economics Course Descriptions (AEEC 501-599)

AEEC 501. Microeconomic Theory 3 cr.
A rigorous re-examination of the pricing mechanism in the goods and factor markets. Development of theoretical tools of general applicability. Prerequisite(s): ECON 371 and ECON 457, or consent of instructor.

AEEC 502. Macroeconomic Theory 3 cr.
Contemporary aggregative theory regarding the interrelationships among national income, employment, the price level, money supply and interest rates, and implications of this theory for public policy in a mixed economy.

AEEC 511. Advanced Futures and Options Markets 3 cr.
Advanced hedging and speculating strategies using futures and options contracts. Coverage includes interest rates, stock indexes, metals, currencies, livestock, and grains. Concepts of price analysis (technical and fundamental) and basis analysis; technical paper is required. Prerequisite: AG E 311, FIN 311, or consent of instructor. Cross-listed with: FIN 511.

AEEC 520. International Agricultural Trade Theory and Policy 3 cr.
Review and analysis of international trade models. Analysis of the effects of trade instruments such as tariffs, quotas, and subsidies on welfare and income distribution. Analysis of bilateral, regional, and multilateral trade agreements and their effect on the agricultural sector from both country-specific and global perspectives. Prerequisite: ECON 371.

AEEC 522. Public Sector Economics I 3 cr.
Introduction to the economic rationale for government intervention in the economy and the effects of that intervention on economic agents and the economy in general. Emphasis on the expenditure side of government policies. Prerequisite: ECON 334 or ECON 434. Same as GOVT 522.

AEEC 523. Public Sector Economics II 3 cr.
A continuation of AEEC 522. Concentrates on the economic effects of taxation. Same as GOVT 523.

AEEC 526. Global Food Supply Chain Management 3 cr.
The proposed course aims to provide students a basic understanding of supply chain management issues, encourage them to analyze problems from a systems perspective, and introduce them to a number of decision tools that are currently being used by the industry such as process analysis, product design, waiting line management, quality control, just-in-time, and inventory management. Consent of instructor required.

AEEC 528. Economic Development 3 cr.
A graduate-level exposition of microeconomic and macroeconomic theory of why and how nations allocate resources to grow and develop. Strong emphasis is given to understanding the economic problems facing developing nations.

AEEC 540. Econometrics I 3 cr.
An integration of quantitative and statistical techniques for research and management in economics and business. Prerequisite(s): ECON 457 and ECON 405 or A ST 505.

AEEC 545. Advanced Agricultural Policy 3 cr.
Historical and cultural background of food and agricultural policy in the United States. Analysis of food and agricultural problems, policy-making and implementation. Economic evaluation of specific U.S. food and agricultural policy instruments, their domestic and international impacts. Same as AG E 445G with additional work required at the graduate level. Cannot receive credit for both AG E 445G and AEEC 545. Prerequisite: consent of instructor.

AEEC 550. Advanced Microcomputer Applications in Agriculture 3 cr. (2+2P)
An advanced course in electronic spreadsheets and the concepts and tools of database management emphasizing agricultural applications. Prerequisites: AG E 250, C S 110G or consent of instructor. Taught with AG E 450 with additional work required at the graduate level. Cannot receive credit for both AG E 450 and AEEC 550.

AEEC 551. Advanced Agribusiness Marketing 3 cr.
Applications course in which self-managed teams apply marketing theory in the development and presentation of marketing plans for food and agribusiness firms. Course includes analysis of marketing problems with emphasis on strategic marketing issues changing trade policies, and global competiveness. Prerequisite: consent of instructor.

AEEC 556. Advanced Agribusiness Management 3 cr.
Integration of production, marketing, accounting, finance, agricultural policy, human behavior, and business environment concepts in management of agricultural businesses using a decision case approach.

AEEC 575. Advanced Water Resource Management and Policy 3 cr.
Integrating natural and social sciences, analytical methods, and critical reasoning skills to evaluate water resource issues. Extensive use of data and numerical techniques applied to a variety of water resource topics. Familiarity with MS Excel or similar software desirable. Same as AG E 475, with additional work required at graduate level.

AEEC 580. Natural Resources and Environmental Policy 3 cr.
Surveys and analyzes natural resource and environmental policy, both domestic and global, in terms of content and context, policy, processes, policy models, levels of government, and values and ethical positions. Includes public lands policies, private property issues, air and water quality, waste disposal, energy and sustainable development with emphasis on natural resources and agriculture.

AEEC 585. Production Economics 3 cr.
Application of microeconomic theory to problems and decisions of food and agricultural firms. The theoretical foundation of production economics and the theory of the firm are developed. Prerequisites: MATH 142G, ECON 371, and ECON 457.

AEEC 589. Global Agribusiness Environment 3 cr.
Covers the integration of free trade, social equity, environmental and transnational corporation’s aspects of agribusiness from a food and global market perspective and within the framework of open systems theory, the socio-ecological perspective (OSTE). Prerequisite: Graduate students only.

AEEC 590. Special Topics 3 cr.
Seminars in selected current topics in the various areas of agricultural economics and economics. Offerings will carry a subtitle. Prerequisite: consent of instructor.

AEEC 591. Agribusiness Management Seminar 1 cr.
One agribusiness topic or firm will be investigated in depth each semester. Production, marketing, accounting, finance, policy, and/or business environment issues will be emphasized. Prerequisite: Consent of instructor. May be repeated for a maximum of 4 credits.

AEEC 593. Internship 1-6 cr.
Supervised professional on-the-job training experience in policy analysis.

AEEC 594. Internship 1-6 cr.
One semester to six months internship with a regulated firm or public utility commission. A faculty member will direct and evaluate the internship. For AEEC regulatory option students only.

AEEC 595. Internship (f,s,su) 1-6 cr.
Supervised professional on-the-job learning experience. Limited to Master of Agriculture candidates. No more than 6 credits toward a degree.

AEEC 596. Individual Study 1-3 cr.
Individual study programs. Each offering will carry a subtitle. Maximum of 3 credits in a semester and 6 credits in a program. Prerequisite: consent of instructor.

AEEC 597. Non-Thesis Research Project 1-3 cr.
Individual investigations, either analytical or experimental. Maximum of 3 credits per semester. No more than 3 credits toward a degree.

AEEC 598. Creative Component Project 3-6 cr.
Individual investigations, either analytical or experimental. A minimum of 3 to 6 credits per semester. No more than 6 credits toward degree. Consent of instructor required. Prerequisite(s): Consent of Instructor. Restricted to AEEC majors.

AEEC 599. Master’s Thesis var. cr.