AP EC 602 Production Economics 3(3,0) Economic analysis of agricultural production involving the concept of the farm as a firm, principles for decision making, the quantitative nature and use of production and cost functions and their interrelations, and application of these principles to resource allocation in farms and among areas. Offered fall semester only. Preq: AP EC 308, ECON 314.
AP EC 603 Land Economics 3(3,0) Study of the characteristics of land and of the physical, legal, social, and economic principles and problems relating to the control and use of land resources. Offered spring semester only. Preq: AP EC 202 or ECON 200.
AP EC 609 Commodity Futures Markets 3(3,0) Introduction to the economic theory, organization, and operating principles of agricultural commodity futures markets in the United States. Emphasis is placed on speculating, hedging, and investing in agricultural commodity futures contracts from the standpoint of the agribusiness entrepreneur. Preq: AP EC 202 or ECON 211.
AP EC (C R D) 611 Regional Impact Analysis 3(3,0) See C R D 611.
AP EC (C R D) 612 Regional Economic Development Theory and Policy 3(3,0) See C R D 612.
AP EC 613 Advanced Real Estate Appraisal 3(3,0) Topics include highest and best use analysis, data collection and analyses. Aadvanced appraisal procedures for income, cost, and comparable sales approach to real estate valuation are stressed. Eminent domain, the appraisal of property in transition, and specialized property are covered. Offered spring semester only. Preq: AP EC 313, FIN 307, or consent of instructor.
AP EC 620 World Agricultural Trade 3(3,0) Practical considerations of agricultural trade and trade policy analysis are reviewed. The role of international institutions is considered. Special emphasis is placed on concepts of agricultural trade, analysis of trade policies of major trading partners/competitors, and export/import marketing of products. Offered spring semester only. Preq: AP EC 309, ECON 412, or consent of instructor.
AP EC 621 Globalization 3(3,0) Utilizes basic principles of international economics (comparative advantage, free trade vs. protectionism, exchange rate determination, etc.) to analyze the contemporary problems and issues of the world economy. Emphasizes application of economic principles to current globalization trends. Preq: ECON 310 or 412 or 413 or consent of instructor.
AP EC (CSENV) 626 Cropping Systems Analysis 3(2,2) See CSENV 626.
AP EC 633 Agricultural Law and Related Environmental Issues 3(3,0) Introduction to agricultural and agricultural-related environmental legal issues. Topics include a review of laws, agencies, programs, court structure, torts, taxation, biotechnology, land and water use, regulated industry, and environment liabilities as they relate to agriculture and natural resources. Offered spring semester only. Preq: LAW 322 or consent of instructor.
AP EC 652 Agricultural Policy 3(3,0) Review of public agricultural policy programs in the United States and a critical examination of current and proposed government policies and programs affecting the agricultural sector of the economy. Economic considerations as related to past and current farm price and income problems are included. Offered spring semester only. Preq: AP EC 302, 309.
AP EC 656 Prices 3(3,0) Review of the basic theory of price under competitive conditions and various modifications; nature, measurement, and causes of daily, seasonal, and cyclical price fluctuations; geographical price relationships; nature, function, and behavior of futures markets; government price programs. Offered spring semester only. Preq: AP EC 308, ECON 314, EX ST 462.
AP EC 657 Natural Resource Economic Theory and Policy 3(3,0) Focuses on analysis of actual, efficient, and sustainable use of natural resources. Topics may vary but include land-use change and regulation, water use and marketing, harvesting trees or fish on farms, harvesting and developing property rights to open-access resources, renewable versus nonrenewable energy use, and sustainable development. Preq: MTHSC 102; C R D 357 or ECON 314.
AP EC 658 Economics of Risk Management 3(3,0) Focuses on cost-benefit analysis of risks, incorporation of economic considerations into risk assessments, and microeonomic analysis of activities, insurance, and policies that reduce, mitigate, or increase these risks. Possible topics include climate change, wildland fire, erosion, pests and invasive species, pestilence, food contamination, and hurricanes. Preq: MTHSC 102 and C R D 357 or ECON 314.
AP EC 660 Agricultural Finance 3(3,0) Study of the principles and technique of financing in the agricultural sector. Topics include the capital situation in agriculture, concepts of farm financial management, use of credit, capital markets, lending agencies, and estate planning. Offered spring semester only. Preq: ACCT 201, AP EC 202.
AP EC 675 Economics of Wildlife Management and Policy 3(3,0) Integrated approach to the study of the economics of wildlife. Topics include determination of market and nonmarket value, single and multiple species management, enterprise cost and returns, marketing wildlife, leasing methods, complementarity and competitiveness with agricultural and forestry enterprises, and timber and crop damage cost estimates and control. Preq: AP EC 202, ECON 200, FOR 304, W F B 306, or consent of instructor.
AP EC (ECON) 800 History of Economic Thought 3(3,0) See ECON 800.
AP EC (ECON) 801 Microeconomic Theory 3(3,0) See ECON 801.
AP EC (ECON) 802 Advanced Economic Concepts and Applications 3(3,0) See ECON 802.
AP EC (ECON) 804 Applied Mathematical Economics 3(3,0) Mathematical tools needed in economic analysis; matrix algebra, differentiation, unconstrained and constrained optimization, integration and linear programming.
AP EC (ECON) 806 Econometrics I 3(3,0) Application of econometric
techniques and stochas
tic models to economic problems; distribution theory, simple and multiple
regression modeling, hypothesis testing, and other issues in regression
analysis.
AP EC (ECON) 807 Econometrics II 3(3,0) See ECON 807.
AP EC (ECON) 808 Econometrics III 3(3,0) See ECON 808.
AP EC (ECON) 809 Advanced Natural Resource Economics 3(3,0) Applications of economic theory to problems of natural resource management, epistemological considerations, rent theory, public and private investment criteria, benefit-cost analysis, and general equilibrium management models. Offered spring semester only. Preq: ECON (AP EC) 802 or consent of instructor.
AP EC (ECON) 810 Natural Resources Management and Policy 3(3,0) Economic, institutional, and legal aspects of control and management of natural resources; concepts of economic science applied to public policy questions related to land and water resources. Specialized background in economics not necessary. Offered fall semester only. Preq: Consent of instructor.
AP EC (ECON) 811 Economics of Environmental Quality 3(3,0) See ECON 811.
AP EC (ECON) 816 Labor Economics 3(3,0) See ECON 816.
AP EC (ECON) 817 Advanced Production Economics 3(3,0) Production economics theory in a quantitative framework; technical and economic factor-product, factor-factor, and product-product relationships in single- and multi-product firms under conditions of perfect and imperfect competition in both factor and product markets. Offered spring semester only. Preq: AP EC (ECON) 804 or consent of instructor.
AP EC 819 Futures and Options Markets 3(3,0) Introduction to the economic theory and operation of futures and options markets in the United States; determination of prices and price differences, speculation, and the use of these markets for forward pricing and price risk management. Preq: Consent of instructor.
AP EC (ECON) 820 Public Finance 3(3,0) See ECON 820.
AP EC (ECON) 822 Contemporary Public Policy 3(3,0) Contemporary public policy, including price and resource policy, affecting rural areas; public participation, or the lack thereof, related to programs designed to implement public policy. Offered spring semester only.
AP EC (ECON) 824 Organization of Industry 3(3,0) See ECON 824.
AP EC (ECON) 826 Economic Theory of Government Regulation 3(3,0) See ECON 826.
AP EC (ECON) 827 Economics of Property Rights 3(3,0) See ECON 827.
AP EC (ECON) 828 Market Structure in Agricultural Industries 3(3,0) Market structure and other approaches related to agricultural marketing. Individual assignments in the student's field of interest required. Preq: Consent of instructor.
AP EC (ECON) 831 Economic Development 3(3,0) See ECON 831.
AP EC (ECON) 832 Community and Regional Economics 3(3,0) Economic theory and research methods needed to understand happenings in the regional and community economy and how local and non-local decisions influence local economic change. Offered fall semester only. Preq: C R D (AP EC) 612 or consent of instructor.
AP EC (ECON) 840 International Trade Theory 3(3,0) See ECON 840.
AP EC (ECON) 841 International Finance 3(3,0) See ECON 841.
AP EC 852 Research Methods for Agricultural Economists I 2(2,0) Linear models and their application to problems related to the economics of agriculture; simplex method, developing farm planning LP models, solving LP problems using the MPSX computer program, parametric analysis techniques, and other LP applications related to rural problems. Offered spring semester only.
AP EC (ECON) 855 Financial Economics 3(3,0) See ECON 855.
AP EC 881 Internship in Community and Resource Development 1-6 Supervised employment in an agency dealing with socioeconomic aspects, community development, and/or natural resource management; monthly reports covering student's experience are required. Preq: 18 semester hours of graduate credit.
AP EC (ECON) 888 Directed Reading in Economics 1-3(1-3,0) See ECON 888.
AP EC 891 Master's Thesis Research 1-12
AP EC (ECON) 899 Selected Topics 1-3(1-3,0) Selected topics under guidance of a professor. May be repeated for a maximum of six credits.
AP EC (ECON) 901 Price Theory 3(3,0) See ECON 901.
AP EC (ECON) 903 General Equilibrium and Welfare Theory 3(3,0) Second in a two-course sequence in advanced price theory. First part covers the development of the theory of general equilibrium and the economics of welfare; the second covers the capital theory and the determination of the rate of interest. Offered spring only. Preq: ECON (AP EC) 901.
AP EC (ECON) 904 Seminar in Resource Economics 3(3,0) Special problems and recent periodical literature relating to the control, management, development, and use of land and water resources in the U.S. and in other parts of the world. Offered fall semester only. Preq: AP EC 603.
AP EC (ECON) 905 Advanced Macroeconomic Issues 3(3,0) See ECON 905.
AP EC (ECON) 906 Seminar in Area Economic Development 3(3,0) Consideration of recent research developments in economic development. Includes a review of research publications, journal articles, and other literature. Objectives, analytical techniques, and procedures are used in area or regional development efforts. Offered spring semester only. Preq: AP EC (ECON) 806.
AP EC (ECON) 917 Advanced Seminar in Labor Economics 3(3,0) See ECON 917.
AP EC (ECON) 950 Monetary Economics 3(3,0) See ECON 950.
AP EC (ECON) 991 Doctoral Dissertation Research 1-12