Agricultural Economics (AECN)

AECN801
Advanced Farm Management and Linear ProgrammingCrosslisted with AECN 401

Prerequisites: AECN 201.

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN804
Agricultural Law

Description: Legal problems and issues of unique importance to lawyers serving the agricultural sector. Representative topics include economic and environmental regulation of agriculture; organizing the farm business; financing agricultural production; marketing agricultural products; and managing agricultural risk.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN812
Organization and Performance of Agricultural Markets

Description: 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.

This course is a prerequisite for: AECN 901B

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN814
Agricultural Price Analysis

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN815
Analytical Methods in Economics and BusinessCrosslisted with ECON 815

Prerequisites: MATH 104 or 106

Description: 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.

Course details
Credit Hours:1-4
Max credits per semester:4
Max credits per degree:4
Grading Option:Grade Pass/No Pass Option

Credit Hours:1-4

ACE:

AECN818
Behavioral and Experimental Economics

Prerequisites: AECN 873

Description: Provides exposure to the related fields of behavioral and experimental economics through lectures and lab-based instruction.

Course details
Credit Hours:4
Max credits per semester:4
Max credits per degree:4
Grading Option:Grade Pass/No Pass Option
Offered:SPRING

Credit Hours:4

ACE:

AECN821
Orientation to Research

Description: 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.

Course details
Credit Hours:1
Max credits per semester:1
Max credits per degree:1
Grading Option:Grade Pass/No Pass Option

Credit Hours:1

ACE:

AECN827A
Static Optimization with Mathematical Programming

Description: 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.

Course details
Credit Hours:2
Max credits per semester:2
Max credits per degree:2
Grading Option:Grade Pass/No Pass Option

Credit Hours:2

ACE:

AECN832
Economics of Agricultural Production

Prerequisites: AECN 201, ECON 373, MATH 104

Description: Static economic analysis of multi-variant agriculture response functions. Resource and enterprise choice, cost functions, resource evaluation, and size and scale economies.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN840
Applied Welfare Economics and Public Policy

Prerequisites: AECN/ECON 873

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN852
Agricultural FinanceCrosslisted with AECN 452

Prerequisites: AECN 201 or 4 hrs accounting.

Description: 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

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN856
Environmental LawCrosslisted with AECN 456, NREE 456

Prerequisites: Senior standing.

Available through Online and Distance Education.

Description: Principles of law involved in environmental issues, externalities and market failures, public health, environmental litigation, and legislation. Environmental issues are related to statutory, administrative, and regulatory authorities.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN857
Water LawCrosslisted with AECN 457, NREE 457

Prerequisites: AECN/NREE 357.

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN865
Resource and Environmental Economics IICrosslisted with AECN 465, NREE 465

Prerequisites: MATH 104 and one course in statistics.

Description: Application of resource economics concepts and empirical tools to resource management problems. Public policy issues involving environmental quality, land and water management.

This course is a prerequisite for: AECN 868

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN868
Advanced Resource and Environmental Economics

Prerequisites: AECN/ECON 873, AECN 865, ECON 817

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN872
Mathematical Tools for Applied Economics

Description: Designed for incoming MS students in Agricultural Economics and related fields. Topics include constrained and unconstrained optimization, Kuhn Tucker conditions, matrices and determinants, and mathematical statistics.

Course details
Credit Hours:1
Max credits per semester:1
Max credits per degree:1
Grading Option:Graded
Offered:FALL

Credit Hours:1

ACE:

AECN873
Microeconomic Models and ApplicationsCrosslisted with ECON 873

Prerequisites: ECON 311, 312 and Math 104 or Math 106 or equivalent, or permission of instructor

Description: 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.

This course is a prerequisite for: AECN 818; AECN 840; AECN 868

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option
Offered:FALL

Credit Hours:3

ACE:

AECN883
Ecological EconomicsCrosslisted with NRES 883, CDEV 883

Prerequisites: AECN 141 or ECON 212 or equivalent

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN893
Law and Economics

Description: Introduction to economic tools and their application to the law. Overview of the principles of microeconomics and their application to various areas of private law (e.g., torts, contracts, property) and public law (e.g., environmental, constitutional, and criminal law & procedure).

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN896
Special Topics in Agricultural Economics

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

Description: Focused agricultural economics topics through research, narrowly targeted literature review, or extension of course work.

Course details
Credit Hours:1-6
Max credits per semester:6
Max credits per degree:6
Grading Option:Grade Pass/No Pass Option

Credit Hours:1-6

ACE:

AECN899
Masters Thesis

Prerequisites: Admission to masters degree program and permission of major adviser

Course details
Credit Hours:1-10
Max credits per semester:10
Max credits per degree:99
Grading Option:Pass No-Pass

Credit Hours:1-10

ACE:

AECN901
Directed Study of Advanced Topics in Agricultural Economics

Description: Significant literature in selected fields of agricultural and resource economics to provide a broad background for conducting research in these fields.

This course is a prerequisite for: AECN 902

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:15
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN901A
Production Economics

Prerequisites: ECON 912A and 911A

Description: Significant literature in selected fields of agricultural and resource economics to provide a broad background for conducting research in these fields.

This course is a prerequisite for: AECN 902; AECN 902A

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN901B
Agricultural Industrial Organization

Prerequisites: AECN 812

Description: Significant literature in selected fields of agricultural and resource economics to provide a broad background for conducting research in these fields.

This course is a prerequisite for: AECN 902; AECN 902B

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN901D
International Agricultural Trade

Prerequisites: ECON 821

Description: Significant literature in selected fields of agricultural and resource economics to provide a broad background for conducting research in these fields.

This course is a prerequisite for: AECN 902; AECN 902E

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN901E
Agricultural Development

Prerequisites: ECON 912A and 911A

Description: Significant literature in selected fields of agricultural and resource economics to provide a broad background for conducting research in these fields.

This course is a prerequisite for: AECN 902

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN901J
Natural Resource Economics

Description: Significant literature in selected fields of agricultural and resource economics to provide a broad background for conducting research in these fields.

This course is a prerequisite for: AECN 902; AECN 902J

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN902
Research in Agricultural Economics

Prerequisites: Appropriate section of AECN 901

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:15
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN902A
Production Economics

Prerequisites: AECN 901A

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN902B
Agricultural Industrial Organization

Prerequisites: AECN 901B.

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN902D
International Agricultural Trade

Prerequisites: AECN 901C.

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN902E
Agricultural Development

Prerequisites: AECN 901D.

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN902J
Natural Resource Economics

Prerequisites: AECN 901J

Description: 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.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option
Offered:SPRING

Credit Hours:3

ACE:

AECN921
Seminar in International Trade and FinanceCrosslisted with ECON 921
Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Grade Pass/No Pass Option

Credit Hours:3

ACE:

AECN999
Doctoral Dissertation

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

Course details
Credit Hours:1-24
Max credits per semester:24
Max credits per degree:99
Grading Option:Pass No-Pass

Credit Hours:1-24

ACE: