Graduate Course Descriptions

The following directory lists the graduate courses which the University expects to offer, although the University in no way guarantees that all such courses will be offered in any given academic year, and reserves the right to alter the list if conditions warrant. Click on the links below for a list of courses in that subject area. You may then click “View Classes” to see scheduled classes for individual courses.

5150. Microeconomic Foundations

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Theory and tools of the foundations of microeconomic theory as applied to problems and policy issues in agriculture, natural resources, development, and the environment. Topics include supply, demand, market equilibrium, consumer and producer behavior, perfect competition, and welfare economics.

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5201. Microeconomics

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Beginning graduate microeconomics covering consumer and producer theory, price determination, economic efficiency, and welfare analysis.

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5203. Economics Methodology: Praxis and Practice

3.00 credits

Prerequisites: M.S. student in ARE, or ARE major with Senior standing and instructor approval.

Grading Basis: Graded

Philosophical foundations of economics as a science and economic research. Developing skills for planning, performing, reporting, and evaluating economic research. Critical thinking about the research process, reading about and discussing research methodology, analyzing the logic and reasoning of other economists? research articles, and developing a research project.

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5205. Market Planning and Survey Research in the Food Industry

3.00 credits

Prerequisites: ARE 3333 or similar course. Not open for credit to students who have passed ARE 4205.

Grading Basis: Graded

Overview of market planning in the food industry, with emphasis on survey design and implementation. Graduate students will lead teams of undergraduates as they work with clients to develop tailored market plans.

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5211. Quantitative Analysis for Sustainable Development

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Quantitative methods used in the analysis of problems related to sustainable economic development with a focus on agriculture, natural resources, and the environment. Regression analysis, economic impact analysis, feasibility studies, enterprise budgets, and survey methods.

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5215. Sustainable Business Management

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Principles of management strategy with a focus in agribusiness. Marketing, financial and human resource management as well as budgeting techniques and the legal and organizational structure of businesses from the perspective of sustainability.

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5252. Planning for Economic Development

3.00 credits

Prerequisites: ARE 5150 and 5211.

Grading Basis: Graded

Insight into domestic and international economic policy dynamics relevant to economic development as well as application of critical organizational skills to the development of a grant proposal and project development and management. Students are required to use theoretical, methodological and practical applications to sustainable economic development covered in previous courses.

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5305. Sustainable Economic Development

3.00 credits

Prerequisites: None.

Grading Basis: Graded

The role of sustainable economic development of less developed economies. Microeconomic dimensions of agricultural development, food security, agricultural production and supply, foreign assistance, and government programming.

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5311. Applied Econometrics I

3.00 credits

Prerequisites: None.

Grading Basis: Graded

This course deals with the estimation and inference of statistical parameters that describe the data generating process of a society, the process that cannot be reproduced like in a pure science experimentation. In other words, the data are generated from economic systems of equations that are stochastic, dynamic, and simultaneous. An attempt is made to obtain the best, unbiased, and consistent estimates of the statistical parameters that describe the inherent economic phenomena.

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5462. Environmental and Resource Economics

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Natural resource use and environmental quality analysis using economic theory. Reviews of empirical research and relevant policy issues.

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5464. Benefit-Cost Analysis and Resource Management

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Theoretical foundations and applications of benefit-cost analysis in project appraisal and in evaluation of public policies regarding resource management and environmental protection.

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5474. Industrial Organization: Empirical Analysis

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Analysis of the structure, conduct, and performance of industries with examples from the food sector and other industries. Explains the development of testable hypotheses from theory, empirical methods, evidence on the level and type of competition, economies of size, product differentiation, entry barriers, and the impact of alternative organizational forms including cooperatives on economic performance.

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5476. International Trade

3.00 credits

Prerequisites: ARE 5201 or ECON 5201; ARE 5311 or ECON 5312 (or equivalents).

Grading Basis: Graded

Analysis of international trade and trade policy focusing on agricultural and food markets. Covers trade-related issues concerning economic development and growth. Focus on current challenges to the multilateral trading system and provides the theoretical foundation for understanding the economic importance of firms, international trade, and global capital flows. Introduction of methods and tools for counterfactual evaluation of trade policies. Use of statistical modeling techniques to analyze trade patterns and measure trade policy effects.

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5495. Special Topics

1.00 - 3.00 credits | May be repeated for a total of 12 credits.

Prerequisites: None.

Grading Basis: Graded

Topics and credits to be published prior to the registration period preceding the semester offerings.

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5499. Independent Study in Agricultural and Resource Economics

1.00 - 6.00 credits | May be repeated for a total of 24 credits.

Prerequisites: None.

Grading Basis: Graded

This course provides the opportunity for graduate students to carry on independent reading or research in the field of the student's needs and interests.

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5991. Professional Internship

1.00 - 6.00 credits

Prerequisites: None.

Grading Basis: Graded

Professional or project based work in applied economics and policy related to agribusiness management, marketing and financial analysis, food systems, environmental and resource management, sustainability, or economic development. Requires a learning agreement and student's advisor approval.

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5992. Practicum in Economic Development

1.00 - 6.00 credits | May be repeated for a total of 6 credits.

Prerequisites: None.

Grading Basis: Graded

Project-based fieldwork with an approved partnering organization related to sustainable economic development, including agribusiness management, marketing and financial analysis, food systems, and economic development.

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6203. Economics Methodology: Praxis and Practice

3.00 credits

Prerequisites: Instructor consent; open to Ph.D. students in ARE (or Ph.D. students in Economics with Permission). Recommended preparation: One year of Ph.D. coursework in ARE (or Economics).

Grading Basis: Graded

Philosophical foundations of economics as a science and economic research. Developing skills for planning, performing, reporting, and evaluating economic research. Critical thinking about the research process, reading about and discussing research methodology, analyzing the logic and reasoning of other economists? research articles, and developing a research project.

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6311. Applied Econometrics I

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Expose students to techniques in applied economics research. Students will learn models - derivations, assumptions, and issues. The models will be practiced utilizing empirical data and interpreting results in light of economic and econometric theory.

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6313. Applied Econometrics II

3.00 credits

Prerequisites: ARE 5311.

Grading Basis: Graded

An introduction to econometric methods used in contemporary applied economic data analysis. Emphasis on learning how to operationalize different estimation techniques in standard statistical software.

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6464. Experimental Methods for Program Evaluation

3.00 credits

Prerequisites: graduate level introduction to statistics or econometrics class or equivalent. Recommended preparation: A graduate level macroeconomic theory course.

Grading Basis: Graded

Theory and practice of field-based program experiments, often referred to as randomized controlled trials (RCTs). All aspects of experimental program evaluation, including the design of evaluation strategy and working with survey and program staff. Examples from both developing country contexts and Western country program evaluation.

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6466. Environmental Economics

Also offered as: ECON 6466

3.00 credits

Prerequisites: ARE 5201 or ECON 5201

Grading Basis: Graded

Economic analysis of environmental problems and corrective policy instruments. Theory of externalities and public goods, role of uncertainty and imperfect information in policy design, benefit-cost analysis, and non-market valuation. Applications to environmental problems (such as air and water pollution, hazardous waste, and occupational health and safety).

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6468. Economics of Natural Resources

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Economic concepts and issues related to the allocation of stock resources through time, the use and protection of flow resources, and the role of natural resources in economic growth.

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6470. Applied Research in Environmental Economics

3.00 credits

Prerequisites: ARE 5201 or ECON 5201; ARE 5311 or ECON 5312. Recommended preparation: ECON 6466 or ARE 6466 or 6468 or 5462.

Grading Basis: Graded

Develops a broad perspective on the peer-reviewed literature concerning the frontier areas of contemporary environmental economics, with an emphasis on incentive and market-based approaches to ecosystem services, valuation of environmental quality and assets, interface between experimental and environmental economics, including such topics as land use change, conservation, pollution control, water resource services, forest ecosystem management. Students will develop critical thinking skills evaluating published studies and identifying gaps in methodology and knowledge for future research.

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6472. Microeconomic Applications to Food Markets

3.00 credits

Prerequisites: ARE 5201 or ECON 5201 and ARE 5311 or ECON 5311.

Grading Basis: Graded

Trains students in applied microeconomics, with particular emphasis on food markets and public policy. The course is divided into three broad areas: production economics, economics of consumer behavior, and market analysis. Particular emphasis is placed on quantitative tools using empirical models and welfare economics. Students design and undertake an individualized project in their area of interest.

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6474. Empirical Industrial Organization I

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Empirical Industrial Organization models that use simultaneous equations, discrete choice, and/or nonlinear econometric methods to analyze conduct and performance of brands and firms in noncompetitive industries. Includes static and dynamic modeling of pricing and advertising in differentiated product oligopolies. Antitrust policy applications in the U.S. and E.U.

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6476. Empirical Industrial Organization II

3.00 credits

Prerequisites: None.

Grading Basis: Graded

Builds on Empirical IO I and explores the use of advanced applied methods to gauge consumer demand, firm conduct and relevant policy implications. The empirical methods covered include both structural models, static or dynamic, and reduced forms. To this end, we will discuss papers in class demonstrating these methods. The emphasis will be data, sources of identification, and estimation techniques.

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6478. Empirical International Trade and Investment

3.00 credits

Prerequisites: ECON 6201, 6211; ARE 6311, 6313 (or equivalents), instructor consent required.

Grading Basis: Graded

Empirical aspects of international trade, foreign investment, and the environment. Issues related to testing various trade models. Selected topics include testing trade models, gravity models, linkages between openness and growth, trade orientation and firm performance, trade patterns, trade and the environment, and labor markets and trade. Emerging topics in international economics with a focus on empirical applications. Use of advanced statistical modeling and data visualization techniques.

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6495. Graduate Research Seminar

1.00 credits | May be repeated for a total of 12 credits.

Prerequisites: None.

Grading Basis: Satisfactory/Unsatisfactory

Participation in research seminars presented by invited scholars and departmental faculty as well as active presentation of students' own research to colleagues and faculty.

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6695. Special Topics

1.00 - 3.00 credits | May be repeated for a total of 12 credits.

Prerequisites: None.

Grading Basis: Graded

May be repeated to a maximum of 12 credits with a change of topic. Topics and credits to be published prior to the registration period preceding the semester offerings.

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