AGEC 601 - Commodity Futures and Options Markets
Economic theory and methods for analyzing agricultural production decisions; problems are treated regarding the technical unit and the firm; both neo-classical theory and methods for evaluating decisions under uncertainty are emphasized.
Prerequisites: ECON 607 and MATH 142
Instructor: Power

AGEC 603 - Land Economics
Application of economic, financial, legal and related concepts and tools for decision making in land management, real estate development and appraisal of land and attendant resources. Modern concepts of land management and development, real estate value, public and private property rights, current land and resource management issues and resolutions are emphasized. Real estate valuation methods, and use of electronic information systems, software and databases are studied.
Instructor: Newburn

AGEC 604 - Natural Resource Economics
Critical evaluation of policies and procedures in natural resource development and use; identification of problems in resource development, the political-economic decision-making processes and analytical tools which can contribute to economic decisions.
Prerequisite: ECON 323
Instructor: Mjelde

AGEC 607 - Research Methodology
Scientific method in economic research; problem identification and selection, hypothesis testing, assumptions,model selection, data communication; evaluation of research studies and development of thesis prospectus or equivalent.
Prerequisite: M.S. or Ph.D. graduate classification

AGEC 611 - Production Economics I
Economic theory and methods for analyzing agricultural production decisions; problems are treated regarding the technical unit and the firm; both neoclassical theory and methods for evaluating decisions under uncertainty are emphasized.
Prerequisites: ECON 607 and MATH 142

AGEC 614 - Global Food and Agribusiness Policy
Public policies and programs affecting agriculture and agribusiness; development of policies and programs, identifying relevant issues, reviewing means to attain desired goals, and development of methods to evaluate the consequences of alternative farm policies on U.S. agriculture, agribusinesses, trade, and resources.
Prerequisites: ECON 607 or AGEC 619 and MATH 142
Instructor: D. Anderson

AGEC 618 - E-Commerce: Auctions, Contracts and Exchanges
Design and implementation of contract mechanisms, auctions, and internet exchanges for business-to-busienss transactions; tools for dealing with these issues developed as well as an understanding of what issues are critical to the successful implementation of virtual vertical integrations.
Prerequisite: G7 classification or approval of instructor
Cross-listed as INFO 618
Instructor: Love

AGEC 619 - Managerial Economics in Agribusiness
Practical application of operational and strategic decision-making tools to agribusiness, focusing on important managerial and economic principles and understanding needed to carry out these functions.
Prerequisite: MATH 142, STAT 303, ECON 323
Instructor: Ng

AGEC 621 - Econometrics for Agribusiness
Econometric application and practice; analysis and interpretation of economic data for decision making and microcomputer impletmentation.
Prerequisites: MATH 142, STAT 303; corequisites: AGEC 430 or ECON 323, ECON 311
Instructor: Bessler

AGEC 622 - Agribusiness Analysis and Forecasting
Design, construction, use and evaluation of simulation, forecasting, and optimization models to solve applied problems confronting decision makers in agribusiness.
Prerequisites: AGEC 621 or approval of instructor
Instructors: McCarl and Richardson

AGEC 625 - Environment of Agribusiness
Analysis of the economic, social, political, technological, and legal forces that impact the way in which global agribusiness firms compete; emphasis on intensive case study analysis.
Prerequisites: AGEC 314 or MKTG 321; ECON 202
Instructor: E. Jones

AGEC 629 - Strategic Agribusiness Management
Practical application of operational and strategic decision-making tools to agribusiness; emphasis on problem recognition and economic analysis to production, marketing, and finance decisions facing agribusiness firms.
Prerequisites: AGEC 621 and 625; ECON 607
Instructor: E. Jones

AGEC 630 - Financial Analysis for Agribusiness Firms
Application of financial planning and analysis to agribusiness firms; capital budgeting and selection of investments; the role of debt structure and liquidity in firm growth and stability; alternatives for gaining control over financial resources, managing risk and maintaining business efficiency over time.
Prerequisites: ACCT 640, FINC 635
Instructor: Vedenov

AGEC 635 - Consumer Demand Analysis for Food and Agricultural Products
Analytical and empirical treatments of consumer behavior; use of neoclassical theory and modern adaptations in consumer demand analysis; specification, estimation, interpretation and evaluation of models of consumer behavior with emphasis on food commodities.
Prerequisites: ECON 629, ECMT 676
Instructor: Capps

AGEC 636 - Agribusiness Markets & Applied Welfare Analysis
Theory and practice of consumer and firm behavior in markets; the effects of various policies on markets; welfare measurement applied to problems related to the farm economy; food and resource processing; resource allocations decisions.
Prerequisites: AGEC 635 and 661; ECMT 676; ECON 629 and 630
Instructors: Jin and R. Griffin

AGEC 637 - Production Economics and Dynamic Optimization in Agricultural Economics
Production under certainty and uncertainty with emphasis on agribusiness firm behavior; economic theory and analytical and numerical methods related to dynamic optimization problems.
Prerequisites: AGEC 661, ECON 629, ECON 630, and ECMT 675
Instructor: Wu and Woodward

AGEC 641 - Operations Research Methods in Agricultural Economics
Theory and practice regarding the application of operations research tools to agricultural economics problem areas. Mainly concentrates on optimization approaches.
Prerequisite: AGEC 622
Instructor: McCarl

AGEC 643 - Applied Simulation in Agricultural Economics
Design, construction, validation and use of Monte Carlo simulation models for risk analysis of economic systems; parameter estimation and simulation of multivariate probability distributions in econometric and behavioral models used for business and policy analysis under risk.
Prerequisites: ECMT 676 and AGEC 661
Instructor: Richardson

AGEC 652 - International Agribusiness Trade Analysis
Traditional trade theory encompassing the concepts of comparative advantage, the Hecksher-Ohlin-Samuelson model, the gain from specialization and trade, partial equilibrium analysis of free trade, violation of the free trade model, welfare effects of trade, trade creation and diversion, introduction to growth and development theories, the relationship between development and related concepts.
Prerequisites: ECON 607, MATH 142
Instructor: Williams

AGEC 659 - Ecological Economics
Study of the relationships between ecosystems and economic systems; understanding the effects of human economic endeavors on ecological systems and how the ecological benefits and costs of such activiits can be quantified and internalized.
Prerequisite: Graduate classification
Instructor: Conner

AGEC 661 - Applied Econometric Methods in Agriculture
Application of econometric methods in a theoretical framework for the analysis of agricultural markets and farm firm behavior; emphasis on specifying and estimating agricultural production and demand functions and agricultural sector models; selected topics according to students needs.
Prerequisites: ECMT 676
Instructor: Wu

AGEC 671 - Fundamentals in Agribusiness and Managerial Economics
Economic theory and methods for analyzing operational and strategic problems facing managers of food, fiber, and resource businesses; financial, marketing, and management topics, including principal-agent, bargaining power, contract theory, and business forecasting.
Prerequisites: ECON 629, ECON 630
Instructors: Capps, E. Jones, and Leatham

AGEC 672 - Fundamentals in Agricultural Markets and Information Economics
Application of information economics theory for analysis of vertical and horizontal relationships between firms along the supply chain.
Prerequisites: AGEC 636, 661; ECMT 676; ECON 629, ECON 630
Instructor: Love

AGEC 673 - Fundamentals in Resource and Environmental Economics
Economic theories and empirical regularities related to the use and management of the environment and natural resources; valuation techniques, externalities, and intertemporal resource management.
Prerequisites: ECON 629, ECON 630, AGEC 635, AGEC 636, AGEC 637
Instructor: R. Griffin

AGEC 674 - Food and Agricultural Trade and Policy Analysis
Trade policy, farm policy, macroeconomic policy, resource policy, and development policy; analysis of policy impacts outside perfect competition and free trade assumptions.
Prerequisites: AGEC 614, AGEC 652
Instructor: Richardson and Williams

AGEC 681 - Seminar
Objectives are to define research problems, develop research problem statements with objectives and hypothesis and specify relevant models to accomplish the objectives and develop the skills in written communication.

AGEC 684 - Professional Internship
A work-study course for the Master of Science-Non-Thesis and Master of Agribusiness programs in agricultural economics.

AGEC 685 - Directed Studies
Directed individual study of a selected problem in the field of agricultural economics.

AGEC 689 - Special Topics
Selected topics in an identified area of agricultural economics. May be repeated for credit.

AGEC 691 - Research
Thesis or dissertation research.

AGEC 693 - Professional Study
Approved professional paper undertaken as the requirement for the Master of Science Non-Thesis. May be taken more than once, but not to exceed 3 hours of credit toward a degree. If you wish to print out a complete copy of the AGEC 693 Professional Study Paper Guidelines in .pdf format, click here.

AGEC 695 - Frontiers in Agricultural Economics and Agribusiness
Exploration of advanced topics in the fields of agribusiness and managerial economics, markets and information economics, and resource and environmental economics.
Instructors: Salin (Agribusiness and Managerial Economics); Nayga, Bessler, and Wu (Markets and Information Economics); Shaw (Resource and Environmental Economics)