801. Advanced Farm Management and Linear Programming (3 cr I) Lec 2, lab 2.

Prereq: AECN 201

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. 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.

812. Organization and Performance of Agricultural Markets (3 cr II) Lec 3.

Prereq: AECN 815 or ECON *873

Economic theory of industrial organization and performance applied to agricultural input, raw product, and processed product markets. Buyer market power at first-handler level, spatial markets, vertical integration and contract coordination, and organizational forms unique to agriculture.

814. Agricultural Price Analysis (3 cr II) Lec 3.

Prereq: AECN/ECON *873 and ECON 817

Economic relationships among the forces that determine the demand, supply and prices for agricultural commodities, products, and factors of production within and across markers. Theoretical foundations reviewed covering individual consumer demand, commodity and factor markets and price determination. Empirical methods applied in analyzing demand, supply and prices, and the factors affecting them. Multiple projects, including interpreting the results, to reinforce understanding of economic behavior.

815. Analytical Methods in Economics and Business (ECON *815) (1 cr)

Prereq: MATH 104 or 106

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)

Prereq: ACCT 812 or LAW 637/G

Selection of substantial income tax problems affecting farms and ranches.

821. Orientation to Research (1 cr I) Lec 1.

Prereq: Permission

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.

827. Static and Dynamic Optimization Methods (2 cr ea, max 4, II) Lec 2.

Prereq: AECN 815 or permission

Optimization methods in economics, organized into modules, each of which introduces the fundamental methods used in the analysis of a particular class of economic problems. Each module is taught within the framework of consumer, firm, or social welfare optimization problems.
A. Static Optimization with Mathematical Programming
B. Dynamic Optimization

827A. Static Optimization with Mathematical Programming

827B. Dynamic Optimization

832. Economics of Agricultural Production (3 cr I) Lec 3.

Prereq: AECN 201, ECON 373, MATH 104

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 II) Lec 3.

Prereq: AECN/ECON *873

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 II) Lec 3.

Prereq: AECN 201, or 4 hrs accounting

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 (NREE 456/856) (3 cr II) PSI.

Prereq: AECN/NREE 357 recommended

Offered odd numbered years. Available through Extended Education and Outreach. Administrative law; risk assessment; environmental impact review; Clean Air Act; Clean Water Act; nonpoint source pollution control; wetlands regulations; pesticide and toxic substance regulation; solid and hazardous waste regulation; drinking water protection; land use regulation; energy policy; international environmental law.

857. Water Law (NREE 457/857; WATS 457) (3 cr II) PSI.

Prereq: AECN/NREE 357

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 (NREE 465; WATS 465) (3 cr I) Lec 3.

Prereq: MATH 104 and one course in statistics

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 I) Lec 3.

Prereq: AECN/ECON *873, AECN 865, ECON 817

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 (ECON *873) (3 cr)

Prereq: ECON 211, 212, and 215

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 (NRES *883) (3 cr I) Lec 3, rec.

Prereq: AECN 141 or ECON 212 or equivalent

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)

Prereq: 12 hrs agricultural economics or closely related areas and permission

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 adviser

901. Directed Study of Advanced Topics in Agricultural Economics (3 cr ea, max 15) Lec 3.

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) Prereq: ECON 973 and 974, or permission.
B. Agricultural Industrial Organization (3 cr) Prereq: AECN *812.
D. International Agricultural Trade (3 cr) Prereq: ECON 821 or permission.
E. Agricultural Development (3 cr) Prereq: ECON 973 and 974, or permission.
J. Natural Resource Economics (3 cr) Prereq: AECN *868.

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 Prereq: AECN 901A.
B. Agricultural Industrial Organization Prereq: AECN 901B.
D. International Agricultural Trade Prereq: AECN 901D.
E. Agricultural Development Prereq: AECN 901E.
J. Natural Resource Economics Prereq: AECN 901J.

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) Lec 3.

999. Doctoral Dissertation (1-24 cr, max 55)

Prereq: Admission to doctoral degree program and permission of supervisory committee chair