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• 5004 Seminar

Formal presentation and discussion of current problems, programs, and research studies in agricultural and applied economics. A one-credit math review seminar is also taught each fall semester. (Variable credit)

• 5024 Mathematical Programming

Use of mathematical programming models to solve firm-level and society-level optimization problems subject to constraints. Computer project required. (Fall, 3 credits)

• 5025, 5026 Applied Microeconomics

A comprehensive treatment of microeconomic theory with emphasis on application to current applied problems. 5025: Topics in firm and consumer theory including production functions, duality, cost functions, profit functions, indirect utility functions, derived demand, and supply. 5026: General equilibrium, welfare economics, and imperfect competition. (5025: Fall; 5026: Spring 3 credits)

• 5104 Research Project Planning

Planning and executing a research project with emphasis on problem identification, formulation of hypotheses, choice of appropriate empirical technique, and data sources. (Spring, 1 credit)

• 5114 Research Methodology

Modern philosophy of science as applied to an understanding and interpretation of the history of economic thought. Understanding and comparison of contemporary schools of economics is stressed. Pre: 5025, 5125. (Spring, 2 credits)

• 5125, 5126 (ECON 5125, 5126) Econometrics

Introduction to the concepts and methods in application of econometric analysis to problems of economic research. Emphasis on the probabilistic and statistical foundations of econometrics and the application of procedures and techniques using actual data. Topics include probability theory, statistical inference, linear regression and related models multivariate linear regression, and simultaneous equation models. Pre: Probability Theory and Statistics. (5125: Fall; 5126: Spring, 3 credits)

• 5134 Agricultural Marketing

Concepts of technical and economic efficiency as they are related to the flow of agricultural products. Major topics include market equilibrium over time, space, and form, price discovery under different market structures, and price risk management with futures and options. (Fall, 3 credits)

• 5144 Resource and Environmental Economics

Economic theory and methods are applied to analysis of the uses of natural resources, environmental problems, and public investment planning. The contribution of economic analysis to public policy formulation is stressed. (Spring, 3 credits)

• 5154 Agricultural Development and Trade

The role of agriculture in economic development and the effects of alternative trade policies and practices in less developed nations. Topics include agriculture in theories of development, population growth, migration, the economic organization of the peasant-household firm, technological and institutional change, development and the environment, exchange rates, regional economic groupings, food aid, trade negotiations, and project analysis. (Fall, 3 credits)

• 5164 Agricultural and Resource Policy

An advanced analysis of the role of agriculture in the general economy and of the economic, political, and social forces that affect the development of agricultural and resource policy. (Fall, 3 credits)

• 5244 Rural Development

Theory and methods related to economic development of rural America. Considers the roles of agriculture, resources, human capital, and federal, state, and local governments in development processes. Outlines the constraints created by resource scarcity, location, and government policy. Quantitative methods in resource development, regional development, and impact analysis are introduced. (Spring, 3 credits)

• 5904 Project and Report

Case studies and other projects. (Variable credit)

• 5984 (ECON 5984) Applied Economics

Introduction to modeling economic problems through tools of rationale choice. Selected microeconomic and macroeconomic policy issues are addressed and analytic methods developed to provide information on these issues. (Fall, Spring: Two-semester sequence for first-year Ph.D. students, 3 credits).

• 5984 Special Study

Various topics based on faculty and student interest. (Variable credit)

• 5994 Research and Thesis

Variable credit course for thesis research.

• 6424 Risk Analysis

Advanced treatment of the analysis and optimization of risky economic decisions using mathematical tools and analytic concepts. Topics include: structuring risky decision problems, measuring uncertainty, risk preferences, optimal choices under uncertainty, value of information, and communication of uncertainty. Pre: ECON 5006. (Fall, 3 credits, alternate years)

• 6434 Markets and Regulation

Advanced theoretical and empirical issues relating to the economic analysis of markets. Major topics include assessing economic performance of markets under varying competitive assumptions; quantitative methods of modeling and analyzing markets over multiple dimensions; anti-trust and other market regulations. PRE: ECON 5005, 5006; (Spring, 3 credits, alternate years)

• 6444 (ECON 6444) Regional and Urban Economics

An advanced study of the theory and application of regional and urban economics, with particular focus on the spatial aspects of economic activity. Topics include: nature of regional and urban areas, models of regional economies, location choice of firms and consumers, local public finance, housing, transportation, and labor markets. Pre: ECON 5005, AAEC/ECON 5126; (Spring, 3 credits)

• 6454 Dynamic Analysis

Advanced treatment of the analysis and optimization of dynamic economic systems using mathematical tools and analytic concepts. Topics include: optimal control theory; dynamic programming; economics of resource allocation over time; and stochastic optimization models. Pre: Permission of the course instructor. (Fall, 3 credits, alternate years)

• 6464 Demand and Production Analysis

Issues in microeconomic model development and estimation relating to demand and production systems. Topics include duality, separability, aggregation, flexible functional forms, selecting and estimating appropriate demand/production models. PRE: ECON 5005, 5006, ECON/AAEC 5125, 5126, (Spring, 3 credits)

• 6474 (ECON 6474) Applied General Equilibrium Analysis

Theoretical and empirical issues in developing and implementing numerical general equilibrium models. Development of basic analytical framework and model properties, and study of selected applications in international trade, public finance, and resource and environmental economics. PRE: ECON 5005, 5006, (Spring, 3 credits, alternate years)

• 6984 Special Topic

Various advanced topics based on faculty and student interest. (3 credits)

• 7994 Research and Dissertation

Variable credit course for dissertation research.

Advanced Undergraduate Courses Available for Graduate Credit

• 4304 Environmental and Sustainable Development Economics
• 4344 Sustainable Development Economics
• 4404 Agricultural Management and Problem Solving
• 4504 Agricultural Price and Market Analysis
• 4754Real Estate Law
• 4764 Real Estate Appraisal
• 4804 (STAT 4804) Elementary Econometrics
  

Economic applications of mathematical and statistical techniques: regression estimators, hypothesis testing, lagged variables, discrete variables, violations of assumptions, and simultaneous equations. (Spring, 3 credits; required course for master’s degree)

• 4984 Special Study
  

  Variable credit course.