Master’s Courses

ARE 5150. Microeconomic Foundations for Sustainability
3 credits. Lecture. Theory and tools of microeconomic foundations for sustainable development. Intermediate understanding of applied microeconomics and practicing quantitative techniques for application to economic issues using electronic spread sheets.

ARE 5201. Microeconomics I
(ARE 325) 3 credits. Lecture.
Beginning graduate microeconomics covering consumer and producer theory, price determination, economic efficiency, and welfare analysis.

ARE 5211. Quantitative Analysis for Sustainable Development
3 credits. Lecture. 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, feasability studies, enterprise budgets, and survey methods.

ARE 5215. Sustainable Business Management
3 credits. Lecture. 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.

ARE 5252. Planning for Economic Development
3 credits. Lecture. Prerequisite: ARE 5150 and 5211. 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.

ARE 5305. The Role of Agriculture and Natural Resources in Economic Development 
(ARE 305) 3 credits. Lecture.
The role of agriculture in the economic development of less developed economies. Microeconomic dimensions of agricultural development, economics of food consumption and nutrition, agricultural technology and productivity, agricultural supply, land tenure and agrarian reform, foreign assistance, trade agreements, and agricultural price policy.

ARE 5311. Econometrics I 
(ARE 345) 3 credits. Lecture.
Also offered as ECON 5311. Construction, estimation, and interpretation of economic behavioral and technical equations using data that are passively generated by a system of simultaneous, dynamic and stochastic relations.

ARE 5315. Mathematical Programming for Economists 
(ARE 335) 3 credits. Lecture.
Procedures for formulating and applying mathematical optimizing techniques. Emphasis is on the use of linear and nonlinear programming models for researching economic problems.

ARE 5462. Environmental and Resource Economics 
(ARE 330) 3 credits. Lecture.
Natural resource use and environmental quality analysis using economic theory. Reviews of empirical research and relevant policy issues.

ARE 5464. Benefit-Cost Analysis and Resource Management
(ARE 307) 3 credits. Lecture
Theoretical foundations and applications of benefit cost analysis in project appraisal and in evaluation of public policies regarding resource management and environmental protection.

ARE 5474. Industrial Organization: Empirical Analysis 
(ARE 358) 3 credits. Lecture.
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.

ARE 5495. Special Topics
(ARE 300) 1-3 credits. Lecture.
May be repeated for credit with a change of topic. Topics and credits to be published prior to the registration period preceding the semester offerings.

ARE 5499. Independent Study in Agricultural and Resource Economics
(ARE 309) 1-6 credits. Independent study.
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.

†GRAD 5930. Full-Time Directed Studies (Master’s Level) 
(GRAD 397) 3 credits.

†GRAD 5950. Master’s Thesis Research
(GRAD 395) 1 – 9 credits.

†GRAD 5960. Full-Time Master’s Research 
(GRAD 396) 3 credits.

ARE 5991. Professional Internship
1-6 credits. 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.

ARE 5992. Practicum in Economic Development
1-6 credits. 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.

GRAD 5998. Special Readings (Master’s)
(GRAD 398) Non-credit.

GRAD 5999. Thesis Preparation 
(GRAD 399) Non-credit.

ARE 6464 – Experimental Methods for Program Evaluation
3 credits. Lecture. Prerequisites: A graduate level introduction to statistics or econometrics class or equivalent. Recommended preparation: A graduate level microeconomic theory course. 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.

ARE 6466. Environmental Economics 
(ARE 354) 3 credits. Lecture. Prerequisite: ARE 5201 or ECON 5201.
Also offered as ECON 6466. 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).

ARE 6468. Economics of Natural Resources 
(ARE 335) 3 credits. Lecture.
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.

ARE 6470. Applied Research in Environmental Economics
3 credits. Lecture. Prerequisites: ARE 5201 or ECON 5201 and ARE 5311 or ECON 5312. Recommended preparation: ECON 6466 or ARE 6466 or 6468 or 5462. This course 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.

ARE 6472. Microeconomic Applications to Food Markets
(ARE 360) 3 credits. Lecture Prerequisites: ARE 5201 or ECON 5201 and ARE 5311 or ECON 5311.
This course 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.

ARE 6474. Industrial Organization: Advanced Empirical Analysis
(ARE 458) 3 credits. Lecture.
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 non competitive industries. Includes static and dynamic modeling of pricing and advertising in differentiated product oligopolies. Antitrust policy applications in the U.S. and E.U.

ARE 6476. Empirical Industrial Organization II
3 credits. Lecture. This course builds on Empirical IO 1 and explores the use of advanced applied methods to gauge consumer demand, firm conduct and relevent 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.

ARE 6945. Graduate Research Seminar
1 credit. Seminar. Participation in research seminars presented by invited scholars and departmental faculty.