Graduate Course Descriptions
801. Advanced Farm Management and Linear Programming (3 cr)
The role of budgeting and linear programming in analyzing farm organization problems, theory of linear programming, linear program design, and analysis of linear programmed solutions to farm organization problems. Includes goal programming, multiple objective programming, risk programming, and financial modeling.
804 Agricultural Law (LAW 704G) (1-4 cr)
Legal problems and issues of unique importance to lawyers serving the agricultural sector. The Farm Credit System, the Farmers' Home Administration, and farm financing problems under the Uniform Commercial Code; commodity futures markets; agricultural cooperatives; farmland preservation and rural land use controls; foreign investment in American agriculture; farm labor legislation; farm programs and the economic regulation of agriculture; pesticides; and food additives.
815. Analytical Methods in Economics and Business (1 cr)
Equilibrium Analysis: Applications in business, finance, and economics. Market equilibria, accumulations, and economics. Optimization: profit, cost, and utility functions. Constrained optimization problems with utility functions. Constrained optimization problems in production and consumer allocations; Kuhn and Tucker conditions; static and dynamic input-output Models.
818. Taxation-Farm and Ranch (ACCT *818; LAW 618G; POLS *818) (1-4 cr)
Selection of substantial income tax problems affecting farms and ranches.
821. Orientation to Research (1 cr )
Introduction to approaches to agricultural economics research. Critical evaluation of agricultural economics literature. Identify an area of research interest and present a review of current literature in the area.
832. Economics of Agricultural Production (3 cr )
Static economic analysis of multi-variant agriculture response functions. Resource and enterprise choice, cost functions, resource evaluation, and size and scale economies.
840. Applied Welfare Economics and Public Policy (3 cr)
Principles of welfare economics applied to policy issues in agriculture and natural resources. Review of measures of household welfare, willingness to pay, and notions of Pareto optimality, aggregate welfare and market failure. Practical methods of comparative statics analysis of the effect of public policies on consumer and firm behavior, and on market equilibrium. Theory of externalities and welfare implications of market versus non-market allocation of public goods examined. Applications include evaluation of such policies as taxes, price supports, quotas, pollution controls, environmental damage liability, and intellectual property rights.
841. Environmental Law (LAW 641G) (1-4 cr)
Legal problems encountered as a result of the impairment of the quality of the environment. Control of air, water, land, noise, and radiation pollution, and the roles of federal, interstate, state, and local agencies in affording protection. Includes private actions, class actions, and regulatory actions to protect both private and public interests.
852. Agricultural Finance (3 cr)
Principles and concepts of financial management of farm and agribusiness firms developed. Various strategies for acquiring and using capital resources by the individual firm explored. Institutions providing the sources of agricultural credit are individually studied.
856. Environmental Law (3 cr)
Administrative law, risk assessment, environmental impact review, Clean Air Act, Clean Water Act, non-point pollution control, wetlands regulations pesticide and toxic substance regulation, solid and hazardous waste regulation, drinking water protection, land use regulation, energy policy, and international environmental law.
857. Water Law (3 cr)
Offered even numbered years. Available through Extended Education and Outreach. Environmental impact review; public trust doctrine; endangered species; land use controls; wetlands regulation; surface and ground water rights; Indian and federal water rights; impact of water quality regulations on water allocation.
865. Resource and Environmental Economics II (3 cr)
Credit in AECN 856 will not count toward any advanced degree in ECON or AECN. Application of resource economics concepts and empirical tools to resource management problems. Public policy issues involving environmental quality, land, and water management.
868. Advanced Resource and Environmental Economics (3 cr)
Application of conceptual and empirical tools for analyzing resource problems. Both public and private dimensions of resource management are considered with emphasis on public policy. Economics of environmental quality, management of exhaustible and renewable resources, valuation of non-market goods and key elements of environmental policy analysis.
873. Microeconomic Models and Applications (3 cr)
This course is intended for MA Option II students and others who do not plan to proceed to PhD studies. Analysis of microeconomic decision-making by individuals and firms with emphasis on consumer demand, production, cost and profit, market structure and the economics of games, uncertainty, and information.
876. Water Law, Planning and Policy (LAW 776G) (1-4 cr)
Judicial, legislative, and administrative problems in water resource development, allocation, and control.
883. Ecological Economics (3 cr I)
A synthesis across the notion of "utility" as represented in traditional environmental and natural resource economics, "ecology" in ecological economics, and "community" in behavioral economics. Ideas from thermodynamics with a focus on renewable resources. Development, organization, and enhancement of eco-business, eco-industry, eco-government and eco-communities.
893. Law and Economics (LAW 693G) (1-4 cr)
Economic principles to problems of legal interpretation and policy. Gives economic background for substantive courses in such areas as antitrust, regulated industries, and environmental law and also demonstrates the power of economic analysis when applied to problems in such diverse areas as contracts, property, torts, criminal law, family law, corporations, taxation, securities, procedure, and constitutional law.
896. Special Topics in Agricultural Economics (1-6 cr per sem, max 6 cr)
Focused agricultural economics topics through research, narrowly targeted literature review, or extension of course work.
899. Masters Thesis (6-10 cr)
Prereq: Admission to masters degree program and permission of major advisor
901. Directed Study of Advanced Topics in Agricultural Economics (3 cr ea, max 15)
Significant literature in selected fields of agricultural and resource economics to provide a broad background for conducting research in these fields.
A. Production Economics (3 cr)
B. Agricultural Industrial Organization (3 cr)
D. International Agricultural Trade (3 cr)
E. Agricultural Development (3 cr)
J. Natural Resource Economics (3 cr)
901A. Production Economics (3 cr)
Prereq: ECON 973 and 974, or permission
901B. Agricultural Industrial Organization (3 cr)
Prereq: AECN *812
901D. International Agricultural Trade (3 cr)
Prereq: ECON 821 or permission
901E. Agricultural Development (3 cr)
Prereq: ECON 973 and 974, or permission
901J. Natural Resource Economics (3 cr)
Prereq: AECN *868
902. Research in Agricultural Economics (3 cr ea, max 15)
Prereq: Appropriate section of AECN 901
Investigation of a research issue in a field of agricultural economics. Identification of an issue, discovery and interpretation of relevant research, rigorous development of an additional contribution to the resolution of the issue.
A. Production Economics
B. Agricultural Industrial Organization
D. International Agricultural Trade
E. Agricultural Development
J. Natural Resource Economics
902A. Production Economics Prereq: AECN 901A.
902B. Agricultural Industrial Organization Prereq: AECN 901B.
902D. International Agricultural Trade Prereq: AECN 901D.
902E. Agricultural Development Prereq: AECN 901E.
902J. Natural Resource Economics Prereq: AECN 901J.
921. Seminar in International Trade and Finance (ECON 921) (3 cr)
999. Doctoral Dissertation (1-24 cr, max 55)