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AREC Agricultural and Resource Economics( Agriculture and Natural Resources) AREC240 Introduction to Economics and the Environment; (4 credits) Grade Method: REG/P-F/AUD. CORE Behavioral and Social Science (SB) Course.Costs and social impacts of pollution and human crowding in the modern environment. The economic, legal and institutional causes of these problems. Public policy approaches to solutions and the costs and benefits of alternative solutions. AREC250 Elements of Agricultural and Resource Economics; (3 credits) Grade Method: REG/P-F/AUD. CORE Behavioral and Social Science (SB) Course. An introduction to economic principles of production, marketing, agricultural prices and incomes, farm labor, credit, agricultural policies, and government programs. AREC332 Introduction to Natural Resource Policy; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: AREC240. Credit will be granted for only one of the following: AREC432 or AREC332. Formerly AREC432. Development of natural resource policy and analysis of the evolution of public intervention in the use of natural resources. Examination of present policies and of conflicts between private individuals, public interest groups, and government agencies. AREC365 World Hunger, Population, and Food Supplies; (3 credits) Grade Method: REG/P-F/AUD. CORE Diversity (D) Course. An introduction to the problem of world hunger and possible solutions to it. World demand, supply, and distribution of food. Alternatives for leveling off world food demand, increasing the supply of food, and improving its distribution. Environmental limitations to increasing world food production. AREC382 Computer-Based Analysis in Agricultural and Resource Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: MATH111/STAT100 or equivalent; and ECON200/AREC240/AREC250 or equivalent. Credit will be granted for only one of the following: AREC182 or AREC382. Formerly AREC182. Analysis of economic data using computer spreadsheets. Exercises include analyses of forest land shares, farmer willingness to pay, farm production planning, fisheries management, corn prices, and index numbers. Analyses features use of cell formulas, spreadsheet functions, Excel's Data Analysis Tool and Solver. This is a lab course featuring experimental learning. AREC386 (PermReq) Experiential Learning; (3-6 credits) Grade Method: REG/P-F. Individual Instruction course: contact department or instructor to obtain section number. Prerequisite: permission of department. Junior standing. AREC399 Special Problems; (1-3 credits) Grade Method: REG/P-F/AUD. Individual Instruction course: contact department or instructor to obtain section number. AREC404 Applied Price Analysis; (3 credits) Grade Method: REG/P-F/AUD. Restricted to Agricultural & Resource Economics majors (0111C &0111O), Environmental Science and Policy Environmental Economics concentration majors (2299D), and those minoring in Agribusiness Economics (#AG01), Environmental Economics and Policy (#AG02), or Resource and Agricutural Policy in Economic Development (#AG03) Other students will be taken off the hold file on the first day of class as space allows. Prerequisite: ECON306, ECON326 or equivalent. An introduction to the economic analysis of price behavior, with applications to agricultural commodities. The use of price information in the decision-making process, the relation and supply and demand in determining price, and the relation of prices to grade, time, location, and stages of processing in the marketing system. AREC427 Economics of Commodity Marketing Systems; (3 credits) Grade Method: REG/P-F/AUD. Restricted to Agricultural & Resource Economics majors (0111C &0111O), Environmental Science and Policy Environmental Economics concentration majors (2299D), and those minoring in Agribusiness Economics (#AG01), Environmental Economics and Policy (#AG02), or Resource and Agricutural Policy in Economic Development (#AG03) Other students will be taken off the hold file on the first day of class as space allows. Prerequisite: ECON306, ECON326 or equivalent. Basic economic theory as applied to the marketing of agricultural commodities. Current developments affecting market structure including contractual arrangements, cooperative marketing, vertical integration, and governmental policies. AREC445 Agricultural Development, Population Growth and the Environment; (3 credits) Grade Method: REG/P-F/AUD. CORE Diversity (D) Course. Restricted to Agricultural & Resource Economics majors (0111C &0111O), Environmental Science and Policy Environmental Economics concentration majors (2299D), and those minoring in Agribusiness Economics (#AG01), Environmental Economics and Policy (#AG02), or Resource and Agricutural Policy in Economic Development (#AG03) Other students will be taken off the hold file on the first day of class as space allows. Prerequisite: ECON306, ECON326 or equivalent. Development theories, the role of agriculture in economic development, the agricultural policy environment, policies impacting on rural income and equity, environmental impacts of agricultural development. AREC489C Special Topics in Agricultural and Resources Economics: Economics Climate of Change; (3 credits) Grade Method: REG/P-F/AUD. AREC610 Microeconomic Applications in Agricultural and Resource Markets; (3 credits) Grade Method: REG/AUD. Three hours of lecture and one and one-half hours of discussion per week. Prerequisite: ECON 603. Applications of graduate level microeconomic analysis to the problems of agricultural and natural resource production and distribution including demand for agricultural output, the nature of agricultural supply decisions, farm labor issues, land rental and acquisition, and exploitation of natural resources. AREC624 Applied Econometrics II; (4 credits) Grade Method: REG/AUD. Three hours of lecture and one and one-half hours of discussion per week. Variations of the standard linear model and simultaneous equations estimation. Application of econometric tools including nonlinear regression, nonlinear simultaneous equations estimation, qualitative econometric models including logit, probit, and tobit models, varying parameters models, unobserved variables, time series models, and model selection procedures. This course is being co-taught by Richard Just, Anna Alberini, and Barrett Kirwan. AREC645 Environment and Development Economics; (3 credits) Grade Method: REG/AUD. Also offered as AREC 845. Credit will be granted for only one of the following: AREC 645 or AREC 845. Considers neoclassical and endogenous growth models; international trade theory; the role of property right institutions and factor markets; the environmental impact of trade liberalization in developing countries and the environmental effects of increasing international capital mobility; empirical studies relating the environment to growth and globalization; and policy analyses. AREC699 (PermReq) Special Problems in Agricultural and Resource Economics; (1-2 credits) Grade Method: REG/AUD. Individual Instruction course: contact department or instructor to obtain section number. AREC799 (PermReq) Master's Thesis Research; (1-6 credits) Grade Method: REG. Individual Instruction course: contact department or instructor to obtain section number. AREC845 Environment and Development Economics; (3 credits) Grade Method: REG/AUD. Also offered as AREC 645. Credit will be granted for only one of the following: AREC 645 or AREC 845. Considers neoclassical and endogenous growth models; international trade theory; the role of property right institutions and factor markets; the environmental impact of trade liberalization in developing countries and the environmental effects of increasing international capital mobility; empirical studies relating the environment to growth and globalization; and policy analyses. AREC869K Advanced Topics in Agricultural Economics: Introduction to Prospectus Writing II; (1 credit) Grade Method: REG/AUD. AREC869T Advanced Topics in Agricultural Economics: Trade and Environment; (3 credits) Grade Method: REG/AUD. AREC898 (PermReq) Pre-Candidacy Research; (1-8 credits) Grade Method: REG. Individual Instruction course: contact department or instructor to obtain section number. AREC899 (PermReq) Doctoral Dissertation Research; (6 credits) Grade Method: REG. Individual Instruction course: contact department or instructor to obtain section number.
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