306 The Real Estate Process. (Crosslisted with Real Est, Econ, Urb R Pl) 3 cr. Introductory survey course. Decision-making processes for the manufacture, marketing, management and financing of real estate space. Survey of institutional context, economics of urbanization, historical pattern and structure of city growth, and public policy issues regarding urban environment and business management. P: Econ 101 & Jr st.
320 Farming Systems Management. 3 cr. Methods of economic analysis, planning and management applied to conventional and alternative farming systems. P: AAE 215 or Econ 101.
322 Commodity Markets. 3 cr. Principles and practices in marketing systems for U.S. agricultural commodities. Vertical organization; forward contracts, future markets, agricultural options and price formation. Alternate management at the farm, processor, wholesale and retail levels. P: AAE 215 or Econ 101 or equiv.
323 Cooperatives. 3 cr. Cooperatives: Analysis of basic principles, structure and organization, legal bases, finance, history and role in U.S. economy. Different types and uses as tools in the U.S. and developing countries. P: Jr st or cons inst.
343 Environmental Economics. (Crosslisted with Envir St, Econ) 3-4 cr. Microeconomic principles underlying the use of natural resources such as air, water, forests, fisheries, minerals and energy. These principles are applied in the examination of pollution control, preservation vs. development, deforestation, and other environmental issues. P: Econ 101 or equiv, or cons inst.
344 The Environment and the Global Economy. (Crosslisted with Envir St) 3 cr. The environmental implications of the global economy concern global climate change, trade in endangered species, preservation of biodiversity, transboundary pollution, and the chemical contamination of traded goods. This course concerns the "economic way of thinking" about global environmental issues. P: Open to Fr.
350 World Hunger and Malnutrition. (Crosslisted with Nutr Sci, Agronomy, Inter-AG) 3 cr. Hunger and poverty in developing countries and the United States. Topics include: nutrition and health, population, food production and availability, and income distribution and employment.
373 Globalization, Poverty and Development. (Crosslisted with Intl St) 3 cr. Addresses the process of globalization -- trade, international capital flows, labor migration and remittances, and aid -- from the perspective of developing economies and the development process. P: Econ 101 & 102, or Econ 111, or equiv, or cons inst.
374 The Growth and Development of Nations in the Global Economy. (Crosslisted with Intl St) 3 cr. This course explores the roles of markets, states, and civil institutions, using economic theory, computer simulations, and historical experience to better understand the forces that shape the wealth and well-being of nations and people around the world. P: Econ 101, or Econ 102, or AAE 215, or equiv.
375 Special Topics. 1-4 cr. P: Cons inst.
419 Agricultural Finance. 3 cr. An examination of financial markets, the theory of capital, financial analysis, and financial management. P: AAE 320.
421 Economic Analysis of Agricultural Markets. (Crosslisted with Econ) 3 cr. Price discovery in U.S. farm product markets; competitive theory and extension to time, space, and form dimensions; theory of market control and contemporary applications. P: Econ 301 or equiv.
426 Quantitative Methods in Agricultural and Applied Economics. (Crosslisted with Econ) 3 cr. Use of economics and statistics to obtain quantitative answers to problems faced by decision makers. Homework problems requiring use of computers and software packages to gain experience working with numbers in context of specific problems. P: Math 211, Econ 301, Stat 301.
462 Latin American Economic Development. (Crosslisted with Econ, Intl Bus) 3 cr. A historico-institutional analysis of development problems in the principal Latin American countries, with attention to differentiation of national growth patterns and alternative development strategies. P: Econ 102 or 111 and Jr st.
473 Economic Growth and Development in Southeast Asia. (Crosslisted with Econ) 3 cr. Evaluates economic development strategies in Southeast Asia and their inplications for growth, distribution and environment. Students learn trade and development theory as well as specific knowledge of Southeast Asian economic development. P: Two crses in AAE and/or Econ, or cons inst.
474 Economic Problems of Developing Areas. (Crosslisted with Econ) 3 cr. Analyzes aggregate growth, income distribution and poverty in lower income economies. Uses microeconomics of imperfect labor, capital and insurance markets to explore why some individuals advance economically as their economies grow and others fall behind. Considers implications of aggregate and micro analysis for national and international economic policy. P: Sr st and two crses in econ.
520 Community Economic Analysis. (Crosslisted with Urb R Pl) 3 cr. Economic theory (location and growth) applicable to community economic development; the role of private and public sector in local ecomonic development, and techniques for ecomonic analysis of community. P: Econ 301 or equiv.
575 Special Topics. 1-4 cr. Special topics in Agricultural Economics at the intermediate level. Topics will vary from semester to semester. P: Jr st or cons inst.
635 Applied Microeconomic Theory. 3 cr. Microeconomic theory applied to consumers, producers, markets, and welfare analysis. Emphasis is on the mathematics of duality and optimization methods. Computer applications of the theory. P: Two semesters of calc & Econ 301, or cons inst.
636 Applied Econometric Analysis I. 3 cr. Introduction to the standard linear regression model with an emphasis on application issues. Includes statistical foundation, hypothesis testing, functional form, model selection and procedures for handling violations of model assumption. P: Intermed stats or cons inst.
637 Applied Econometric Analysis II. 3 cr. Extension of the standard regression model is the primary focus. Topics: nonlinear regression models, maximum likelihood estimation, panel data, simultaneous equations, linear and nonlinear systems, analysis of discrete choice, limited dependent variables. Empirical economic applications and policy analysis. P: AAE 636 or cons inst.
652 Decision Methods for Natural Resource Managers. (Crosslisted with Forest, Envir St) 3-4 cr. Applications of quantitative methods, including optimization and simulation, to the management of natural resources, especially forests. P: Math 211 or equiv & Comp Sci 132 or equiv.
671 Energy Economics. (Crosslisted with Envir St, Econ, Urb R Pl, Tran P U) 3 cr. The method, application, and limitations of traditional economic approaches to the study of energy problems. Topics include microeconomic foundations of energy demand and supply; optimal pricing and allocation of energy resources; energy market structure, conduct, and performance; macro linkages of energy and the economy; and the economics of regulatory and other public policy approaches to the social control of energy. P: Sr or Grad st and intermed econ or appropriate substitute per cons inst.
705 Applied Microeconomics. 3 cr. Focuses on developing a conceptual as well as empirical analysis of microeconomic behavior, including production and consumption analysis, technical change, and investment. Emphasizes empirical applications of microeconomics, with implications for efficiency and welfare analysis. P: AAE 635 & Stat 309 or equiv.
706 Applied Risk Analysis. 3 cr. Conceptual empirical analysis of economic behavior under risk and its implications for management and policy decisions. Emphasis on economic applications to the agricultural and food sector. P: AAE 635.
707 Institutional Economics. (Crosslisted with Econ) 3 cr. Comparative analysis of neoclassical and institutional economics, with emphasis on economic epistemology, agency theory, transaction costs, firms and markets, property rights, externalities, welfare economics, efficiency, and rules of social choice. P: AAE 635 or equiv.
729 The Microdynamics of Environment and Development. 3 cr. Explores the intersection of environmental and development economics using advanced theoretical and empirical models to examine rural conservation and development, technology adoption and diffusion, and the dynamics of investment behavior in the presence of imperfect capital markets. P: AAE 635 required, Econ 711 recommended.
730 Economics of Development 1. 3 cr. Theory and empirical evidence on growth and development in low-income countries. Topics may include: measurement of poverty and inequality, risk and insurance, social networks, technology adoption, education, corruption, institutions, and behavioral economics. P: Grad st in AAE or econ, or cons inst.
731 Economics of Development 2. 3 cr. Theory and empirical evidence on growth and development in low-income countries, with emphasis on international trade and macroeconomic management. Using general equilibrium models, we examine implications of growth strategies, global shocks, and policy reforms for welfare, poverty, and income distribution. P: Grad st in AAE or econ, or cons inst.
732 Economics of Development 3. 3 cr. Theory and empirical evidence on growth and development in low-income countries. Course will emphasize microeconomics topics, including household and intra-household models, asset accumulation, risk and asymmetric information. P: Grad st in AAE or econ or cons inst.
733 Food Pricing and Policy Analysis. 3 cr. Analysis of food pricing and international food policy. Emphasis on the roles of agricultural technology and trade in the pricing of food, food security issues and the roles of government food pricing, and trade policies in economic development. P: AAE 635.
740 Intermediate Production Economics. 3 cr. Empirical analysis of agricultural production issues with applications to international and domestic agriculture and natural resource issues. A review of production economics theory is followed by topics and readings on optimization and econometric production models. P: AAE 635 & 636 or equiv or con reg.
741 Advanced Policy Analysis. 3 cr. Economic efficiency and welfare at the micro and macro levels. Role of contracts and effects of policy instruments related to pricing and trade policy, under uncertainty. Role of technology and effects of globalization in developed and developing countries. P: Econ 711 or cons inst.
743 Applied Consumption Analysis. 3 cr. Consumption theory as an analytical/conceptual framework for applied research. Specification, estimation and interpretation of models of consumer behavior which are consistent with complete demand systems will be stressed in class lectures and extensive computer applications. P: AAE 631, AAE 635, or cons inst.
747 Economics of the Food Industry. (Crosslisted with Econ) 3 cr. Basic problems, organization, and methods of marketing research; industrial organization, marketing channels and institutions; vertical systems analysis; spatial and temporal dimensions. P: Grad st.
760 Dynamic Natural Resource Economics. 3 cr. Applications of optimal control theory, dynamic programming, and associated approximation methods in natural resource economics. Theoretical results characterize the efficient allocation of resources. Numerical applications examine issues in resource management. P: AAE 635 or equiv, & Econ 703.
762 Environmental Economics. 3 cr. The role of markets and government in the allocation of environmental goods and services. Topics include public goods, open access resources and market failure; policy instruments for dealing with environmental quality problems such as air pollution; and economic concepts of sustainability. P: AAE 635.
763 Spatial Modeling in Resource Economics. 3 cr. Explores the spatial aspects of environmental and natural resource problems. Focus on theoretical and empirical approaches to spatial modeling, with topics including renewable resource management, land use, biodiversity conservation, non-market valuation, sorting, and pollution control. P: Grad st in AAE or econ, or cons inst.
799 Practicum in Agricultural and Applied Economics Teaching. 1-3 cr. Instructioal orientation to teaching at the higher education level in the agricultural and life sciences, direct teaching experience under faculty suppervision, experience in testing and evaluation of students, and the analysis of teaching performance. P: Grad st & cons inst.
875 Special Topics. 1-4 cr. P: Grad st and cons inst.
881 Benefit-Cost Analysis. (Crosslisted with Pub Affr, Envir St) 3 cr. This course will present the welfare economics underpinnings for evaluating the social benefits and costs of government activities. Issues such as uncertainty, the social discount rate, and welfare weights will be discussed; case studies from the environmental, social policy, and agricultural areas will be studied. P: One yr intro econ or one semester intermed econ or Pub Affr 880.
982 Interdepartmental Seminar in the Latin-American Area. (Crosslisted with Anthro, Econ, Geog, History, Journ, Poli Sci, Portug, Rur Soc, Soc, Spanish) 1-3 cr. P: Grad st & cons inst.
990 Research and Thesis. 1-12 cr. P: Cons inst.
999 Special Work - Agricultural and Applied Economics. 1-3 cr.