Agricultural Economics Courses

AECN 100
New Student Career Orientation
Prereqs: First semester freshmen; major in agricultural economics or related discipline.
Academic success and development of leadership skills through involvement and activities on campus. Time management and study skills. Identify potential internship and career opportunities.
Credit Hours: 1
Instructor: Swartz
AECN 109
Water in Society Crosslisted as SCIL 109, NRES 109
Prereqs: none
Introduction to the scientific, social, and economic dimensions of historical and contemporary water systems.  Students will develop an understanding of hydrologic systems and analyze and engage in decision-making about complex challenges associated with water resource use.
Credit Hours: 3
Instructor:  Brozović
ACE Outcomes: 4, 8
AECN 141
Introduction to the Economics of AgricultureSyllabus
Prereqs: Not recommended for students who have math entrance deficiencies.
Open to freshmen and sophomores only.
Introductory course on the basic principles of agricultural economics. Production economics, principles of supply and demand, resource economics, world food situation, marketing of agricultural products, and agricultural public policy.
Credit Hours: 3
Instructor: Meyer
ACE Outcomes: 6
AECN 201
Farm and Ranch ManagementSyllabus
Prereqs: AECN 141 or ECON 212.
Various economic principles and business management concepts which are involved in the decision-making process when organizing and operating a farming/ranching operation. Includes production economics, record keeping systems, financial budgets and analysis, crop and livestock enterprise analysis, leasing arrangements, depreciation, farm business organizations, farm investment analysis, pasture/rangeland management, and production efficiency indicators.
This course is a prerequisite for: AECN 401, AECN 452, AECN 453, AECN 832, AGRO 405, AGRO 445, ASCI 452, ASCI 485
Credit Hours: 4
Instructor: Meyer
AECN 225
Agribusiness Entrepreneurship in Food Products MarketingSyllabus
Crosslisted as MRKT 225, EAEP 225
Pass/No Pass option not allowed for College of Business Administration majors.
Marketing strategies and entrepreneurship ventures throughout a food systems channel from producers of agricultural commodities to processors of food products and the final consumer. Entrepreneurship studies dealing with food processors, wholesaling, retailing and food service firms. Create strategic marketing plan to introduce a new food product into a retail consumer market.
This course is a prerequisite for: AECN 316
Credit Hours: 3
Instructor: Brooks
AECN 235
Introduction to Commodity MarketingSyllabus
Prereqs: AECN 141 or ECON 212
This course focuses on the foundations of commodity markets. It discusses how markets were created, how commodities are traded from producers to final consumers, the role of transportation and storage, among other topics. It provides a broad and detailed discussion of economic theories behind markets, how they work in practice, and the current state of these markets in the world.
Credit Hours: 3
Instructor: F. Mattos
AECN 256
Legal Aspects in AgricultureSyllabus
Prereqs: Sophomore standing.
AECN 256 course materials are on the World Wide Web.
Legal aspects of agriculture: taxation, contracts, property rights, buying and selling real estate, condemnation, land use regulations, leases, co-ownership, partnerships, corporations, commercial transactions, credit, liability, insurance, estate planning, water law, and agricultural regulations. A practical exposure to the legal institutions of Nebraska.
Credit Hours: 3
Instructor: Aiken
AECN 265
Resource and Environmental Economics ISyllabus Crosslisted as NREE 265
Prereqs: ECON 211; ECON 212 or AECN 141.
Introduction to resource economics and the role of such concepts in natural resource management. The interface of economics and ecology in the context of both private and public decision making. Application of economic principles to actual natural resource/environmental issues.
Credit Hours: 3
Instructor: Banerjee
AECN 275
Agribusiness Entrepreneurial Finance Crosslisted as AGRO 275, EAEP 275, ENTR 275, HORT 275
Overview of financial issues for agribusiness start-ups. Business funding specific to new enterprises. Case studies on financial practices for start-up firms.
Credit Hours: 3
Instructor: Lambe
AECN 276
Rural Sociology Crosslisted as SOCI 241
Prereqs: Open to second-semester freshmen and above.
The rural environment and its people; its groups and associations; and its social institutions.
Credit Hours: 3
AECN 301
Farm Accounting, Analysis, and Tax ManagementSyllabus
Prereqs: AECN 141 or ECON 212.
AECN 201 recommended.
Business record systems for farming and ranching. Financial statements; income tax and decision making; farm business and enterprise analysis.
Credit Hours: 3
Instructor: Barrett
AECN 316
Agribusiness ManagementSyllabus
Prereqs: AECN 141 (or ECON 210 or ECON 212), AECN 225 or 325, and three credit hours in Accounting.
For students interested in careers leading to managerial positions in the grain, feed, fertilizer, farm petroleum and related agricultural industries.  The focus is on the use of financial statements, operating and managerial functions, communication, and the inter-personal work environment within an organization.  Presentation is by lecture integrated with experiential learning through use of an agribusiness management simulation.
This course is a prerequisite for: AECN 416
Credit Hours: 3
Instructor: Brooks
AECN 325
Marketing of Agricultural Commodities SyllabusCrosslisted as MRKT 325
Prereqs: AECN 141 or ECON 212.
Operation and use of agricultural commodity markets and institutions as applied to enterprise and firm risk management. Cash; futures and futures option markets; basis; hedging; price discovery; fundamental analysis; and risk management strategies.
This course is a prerequisite for: AECN 316, AECN 336, ASCI 490, ASCI 490A
Credit Hours: 3
Instructor: F. Mattos
AECN 336
Grain MerchandisingSyllabus
Prereqs: AECN 325
Study of grain merchandising concepts, tools, and strategies as they relate to grain buyers.  Focus on integration of topics from this course and AECN 325 to help students understand how grain is traded from the perspective of the grain buyer.
Credit Hours: 3
Instructor: J. Peterson
AECN 345
Policy Issues in Agriculture and Natural ResourcesSyllabus
Prereqs: AECN 141 or ECON 212
History, development, programs, and analysis of public policy issues in agriculture and natural resources. Analysis of science, economic, and political factors involved in policy development. Farm policy and farm structure, food and nutrition, trade and development, natural resources, the environment, and bioenergy, with special attention to issues and policies impacting Nebraska.
Credit Hours: 3
Instructor: Lubben
AECN 346
World Food EconomicsSyllabus
Prereqs: AECN 141 or ECON 212 and ECON 211.
Description and economic evaluation of world food systems, including production, distribution, and consumption in developing and industrialized countries. Economic implications of alternative means for meeting world food needs, with emphasis on the social science aspects of the world food availability and needs, policies, and the economics of technological change. Familiarity with spreadsheets (Excel) required.
Credit Hours: 3
Instructor: W. Peterson
ACE Outcomes: 9
AECN 357
Natural Resource and Environmental LawSyllabus Crosslisted as NREE 357
Prereqs: Junior standing or permission; AGRI/NRES 103 or GEOG 181 recommended.
Environmental impact review; air and water pollution control; solid and hazardous waste control; endangered species and habitat preservation; land use regulation; state and federal water rights law.
Credit Hours: 3
Instructor: Aiken
AECN 367
Agricultural Development in Developing CountriesSyllabus
Prereqs: AECN 141 or ECON 212 and ECON 211.
Exploration of the nature of traditional agriculture in developing countries of Africa, Asia, and Latin America and alternative approaches to accelerating its development. Explores the role of the agricultural sector in the overall development process. Familiarity with using spreadsheets (Excel) required.
Credit Hours: 3
Instructor: W. Peterson
ACE Outcomes: 9
AECN 376
Rural Community Economics
Prereqs: AECN 141 or ECON 210 or 212.
Application of economic and social principles and concepts relevant to understanding rural communities and the issues and problems they face. Public decision-making process and the skills necessary for constructive participation in community affairs.
Credit Hours: 3
Instructor: D. Mattos
AECN 388
Ethics in Agriculture and Natural Resources Crosslisted as ALEC 388
Ethics focusing on agricultural and natural resource issues. Using case studies from the professional workplace and contemporary society, develops intellectual skills necessary to reflect critically on ethical issues and apply appropriate conceptual tools for resolution of issues arising from conflicting ethical and value systems.
Credit Hours: 3
Instructor: Terry
ACE Outcomes: 8
AECN 399
Independent Study in Agricultural Economics
Prereqs: Permission and advance approval of independent study contract at the start of each semester.
P/N only.
Individual or group projects in research, literature review, or extension of course work under supervision and evaluation of a departmental faculty member.
Credit Hours: 1-5
Max credits per semester: 5
AECN 401/801
Advanced Farm Management and Linear ProgrammingSyllabus
Prereqs: AECN 201.
Capstone course.
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.
Credit Hours: 3
Instructor: Parsons
AECN 416
Advanced Agribusiness ManagementSyllabus
Capstone Course. AECN 416 requires written and oral communication skills.
Conduct industry and business research in strategic management of an agribusiness. Internal and external factors and competitive forces, affecting the firm. Integration of concepts from various economic and business disciplines.
Credit Hours: 3
AECN 420
International Food and Agricultural TradeSyllabus
Prereqs: ECON 311 and ECON 312.
Capstone course.
Application of basic principles of international trade and finance to food and agricultural trade. Particular attention to current policy issues in agricultural trade such as the pros and cons of regional trade blocks, alternative agricultural and trade policies, the effects of exchange rate variation on agricultural trade, and trade and environmental protection. Familiarity with spreadsheets (Excel) is required.
Credit Hours: 3
Instructor: Nogueira
ACE Outcomes: 9, 10
AECN 425
Agricultural Marketing in a Multinational EnvironmentSyllabus
Prereqs: 9 hrs agricultural economics and/or economics or permission.
Capstone course.
Systems approach to evaluating the effects of current domestic and international political and economic events on agricultural markets.
Credit Hours: 3
Instructor: Yiannaka
ACE Outcomes: 9, 10
AECN 435
Advanced Agricultural Marketing ManagementSyllabus
Marketing: farm, ranch, and agribusiness firm management. Risk management strategies using combinations of derivatives and insurance products. Advanced trading and merchandising strategies using fundamental and technical analysis.
Credit Hours: 3
Instructor: J. Peterson
ACE Outcomes: 10
AECN 436
Commodity Price ForecastingSyllabus
Prereqs: (1) ECON 215 (Statistics) or STAT 218 (Introduction to Statistics)(2) ECON 212 (Principles of  Microeconomics) or AECN 141 (Introduction to Economics of Agriculture)
Recommended course (but not required): AECN 325 (Marketing of Agricultural Commodities)
Participants in commodity markets are constantly trying to forecast prices, since a sound analysis of expected prices in the future is important in many dimensions for producers, merchandisers and all market participants. The overall objective of this course is to teach students how to analyze and forecast commodity prices using fundamental and technical approaches. The most common techniques from each approach will be discussed, focusing on how they can be implemented, their advantages and disadvantages, how they differ and how they can complement each other.
Credit Hours: 3
Instructor: F. Mattos
AECN 445
Agricultural and Natural Resource Policy AnalysisSyllabus Crosslisted as NREE 445
Prereqs: ECON 311 and ECON 312.
Capstone course.
Introduction to the application of economic concepts and tools to the analysis and evaluation of public policies. Economic approaches to policy evaluation derived from welfare economics. Social benefit-cost analysis described and illustrated through applications to current agricultural and natural resource policy issues. Familiarity with spreadsheets (Excel) required.
Credit Hours: 3
Instructor: W. Peterson
ACE Outcomes: 8, 10
AECN 452/852
Agricultural FinanceSyllabus
Prereqs: 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.
This course is a prerequisite for: AECN 416, ASCI 490, ASCI 490A
Credit Hours: 3
Instructor: Stokes
AECN 453
Agricultural and Rural Property AppraisalSyllabus
Prereqs: AECN 141, or ECON 210 or 212. AECN 201 and AGRO 153 recommended.
Capstone course.
Valuation of agricultural and rural real estate traced from the underlying theory of value through full development of principles, practices, and factors used by the appraisal profession to estimate value. The income approach, the market data approach, and the cost approach to value developed in detail. Appraisal procedure analyzed for such special purposes as farm loans, tax assessment, and condemnation.
Credit Hours: 3
Instructor: Wilson
ACE Outcomes: 10
AECN 465/865
Resource and Environmental Economics II Crosslisted as NREE 465, WATS 465
Prereqs: MATH 104 and one course in statistics.
Credit in AECN 865 will not count toward any advanced degree programs 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.
Credit Hours: 3
Instructor: Mieno
AECN 467
Pro-seminar in International Relations I Crosslisted as ANTH 479/879, ECON 466/866, GEOG 448/848, HIST 479/879, POLS 466/866, SOCI 466/866
Prereqs: Senior standing and permission.
Open to students with an interest in international relations.
Topic varies
Credit Hours: 3
Max credits per degree: 3
AECN 471
Agricultural Marketing and Product Development I
Prereqs: Junior standing or permission.
AECN 225 recommended.
Selection of an agriculturally related product or service and the development of a comprehensive marketing plan. Market analysis of physical, economic and financial feasibility and formalization of an effective promotional product campaign.
This course is a prerequisite for: AECN 472
Credit Hours: 1
AECN 472
Agricultural Marketing and Product Development II
Prereqs: Junior standing or permission; AECN 471.
Further refinement in the development of marketing plan from AECN 471. Condensation of marketing plan into executive summary and preparation of professional oral presentation. Extensive interaction with the local agribusiness community and participation in national agri-marketing competition.
Credit Hours: 2
AECN 474
Role of cooperatives in market-oriented economies presented. Topics include cooperative business principles, the economic theory of cooperative pricing decisions, the fundamentals of co-op accounting principles, financing, decision making, and taxation. Focus will be primarily upon traditional agricultural cooperatives; other types of cooperatives will be examined in some detail.
Credit Hours: 3
Instructor: McKee
AECN 482
Beef Industry Scholars - National Beef Industry PolicySyllabusCrosslisted as ASCI 482
ASCI 482 requires attending the National Cattlemen's Beef Association (NCBA) annual convention and then, communicating the new policy and issues to local organizations and undergraduate student groups. ASCI 482 is 'Letter grade only'.
Discuss and dissect issues from the NCBA convention researching the pros and cons of current and proposed policy.
Credit Hours: 1
Instructor: Lubben
Internship in Agricultural Financing and Banking
Prereqs: Junior standing; ABUS major with Agricultural Finance and Banking option.
AECN department permission is required before registering for AECN 495A.
Internship experience in agricultural finance, banking, lending, or management through employment in a financial institution.
Credit Hours: 3
Internship in Food Products Marketing Management
Prereqs: Junior standing; ABUS major with Food Products Marketing Management option.
AECN department permission is required before registering for AECN 495B.
Internship experience in food products marketing, supply chain and firm management, and related areas through employment in agribusiness and food products production or marketing firms.
Credit Hours: 3
Internship in Agricultural and Public PolicySyllabus
Prereqs: Departmental permission.
Internship with Congressional delegations or committees; government agencies; non-governmental organizations; or related groups and areas that provides a focus on agricultural or public policy issues and development.
Credit Hours: 1-3
Max credits per degree: 3
Internship in Commodity Marketing
Prereqs: Departmental permission.
AECN 235 – Introduction to Commodity Marketing is recommended
The overall objective of this internship is to allow students to gather more exposure to commodity markets and hands-on experience in the field.
Credit Hours: 1-3
Honors Thesis
Prereqs: Admission to the University Honors Program and permission, AGRI 299H recommended.
Conduct a scholarly research project and write a University Honors Program or undergraduate thesis.
Credit Hours: 3-6
Max credits per degree: 6