The following undergraduate courses are offered by the Department. For more information on prerequisites, visit www.catalog.uconn.edu.
1110E. Population, Food, and the Environment
Three credits. The role of agriculture in the growth and development of societies throughout the world. Economic, social, and environmental problems of food production and resource needs in the developing and the advanced societies.CA 2.
1150. Principles of Applied and Resource Economics
Three credits. Taught concurrently with SARE 450.
An introduction to microeconomic analysis with applications to food, nutrition, health, natural resources, and the environment. Topics include consumer and firm behavior, supply, demand, markets, and economic policy. CA 2.
2150. Intermediate Applied and Resource Economics (previously offered as ARE 3150)
Three credits. Prerequisite: ARE 1150 or ECON 1200 or ECON 1201.
Applications of intermediate-level microeconomic theory to problems and policy issues in agriculture, natural resources, and the environment. Topics include supply, demand, market equilibrium, consumer and producer behavior, perfect competition, and welfare economics. Emphasis will be placed on using the theory in computational exercises.
2155. Imperfect Competition and Behavioral Economics
Three credits. Prerequisites: ARE 2150 or ECON 2201 or ECON 2211Q
Extension of intermediate microeconomic theory to include noncompetitive markets and psychology to consumer behavior. Economic theory is based on the assumptions of rational consumer behavior and competitive firm behavior – which are not commonly observed in practice. This course will teach topics to better explain real-world phenomena in agriculture, health, natural resources, and the environment. Topics include monopolies and oligopolies (and their welfare implications); game theory (including adverse selection and moral hazard); and behavioral economics (such as time inconsistency, loss aversion, and pro-social preferences). Emphasis will be placed on real-world applications of theory.
2210. Essentials of Accounting and Business
Three credits. Taught concurrently with SARE 460
An analysis of basic business principles, fundamentals, and concepts for agribusiness entrepreneurs.
2215. Business Management
Three credits. Formerly offered as ARE 3215.
Analysis of marketing, management, and financial decision-making tools in agribusiness.
2235. Marine Economics and Policy
Three credits. Recommended preparation: ARE 1150 or ECON 1200 or ECON 1201.
Fundamental theory, methods, and policy implications of environmental and resource economics, with an emphasis on coastal and marine environments. Topics include pollution policy, fisheries, water quality and allocation, international trade, wildlife and biodiversity, land use, and economic valuation. Designed for students with diverse departmental affiliations.CA 2.
2260. Food Policy
Three credits. Formerly offered as ARE 3260.
Analysis of food and agricultural policies in the United States and abroad. Designed for students with diverse departmental affiliations.
2261W. Writing in Food Policy
One credits. Prerequisites: ARE 2260, which may be taken concurrently; ENGL 1007 or 1010 or 1011 or 2011; open to Applied and Resource Economics majors, others with instructor consent. A writing intensive course on issues related to food policy, integrated with course content in ARE 2260. Formerly offered as ARE 3261W.
2434E. Environmental and Resource Policy
Emergence of environmental policies from the local, legal, and regulatory angles. Formalization and structure of environmental policy with a focus on the hurdles, design, and implementation of policy, particularly air and water policy. Suitable for all majors.
2435W. Writing in Environmental and Resource Policy
One credit. Prerequisites: ARE 2434E, which may be taken concurrently; ENGL 1007 or 1010 or 1011 or 2011; open only to Resource Economics majors, others by consent. A writing intensive class integrated with course content in ARE 2434E, which should be taken concurrently. Formerly offered as ARE 3440W.
2464. Measuring Impact of Programs that Raise Human Well-being
Three credits. Prerequisites: Recommended preparation: ARE 1150 or ECON 1200 or 1201. Not open to students who have completed ARE 3464. The theory and practice behind measuring impacts and costs of programs that raise human welfare through poverty alleviation, economic development, and social and environmental justice. Case studies will show how governments and organizations can best optimize programming. Examples include how to increase incomes and farm productivity, how to decrease disease and child mortality, and how to improve resilience to climate change. Topics include survey design, performance indicators, the logical framework and results matrix, sample design, impact evaluation methodologies and project appraisal. Formerly offered as ARE 3462.
3221. Managerial Economics and Business Strategies
Three credits. Prerequisites: ARE 1150 or ECON 1200 or ECON 1201. Recommended preparation: MATH 1071Q or 1110Q or 1120Q or 1131Q or 1151Q; or STAT 1000Q or STAT 1100Q.
The application of microeconomic analysis to decision-making techniques of businesses and and management units with a particular focus on the food industry covering topics such as electing or developing products, deciding on product output and pricing, organizational design, promotional strategies, worker hiring and training, and investment and financing.
3222. Marketing and Consumer Behavior
Three credits. Prerequisite: ARE 1150 or ECON 1200 or ECON 1201.
This course focuses on principles of contemporary marketing, including consumer behavior, social media, product, promotion, distribution and pricing strategies, with special emphasis on food and health.
3223. Business Organization and Labor Markets.
Three credits. Prerequisite: ARE 3150 or 2150. Analytical tools that economists use to evaluate the organizational and hiring decisions of firms. Emphasis on the effect of government policies and programs on how many workers are hired, how much they are paid, and how other forms of compensation are structured. Specific areas of consideration may include minimum wages, federal income tax, payroll and self-employment taxes, unemployment insurance, immigration, health insurance, retirement account contributions, the use of contractors in place of employees (the so-called “gig economy.”), legal form of organization, and business liability. Special emphasis on using original sources, including federal statistical agency data products, reports from federal oversight bodies, US Code, and IRS publications.
3225. Price Analysis and Futures Trading
Three credits. Prerequisite: ARE 1150 or ECON 1200 or ECON 1201; and STAT 1000Q.
Principles and applications of market price determination, with special emphasis on the use of futures markets for profit and price risk management. Includes food and energy case studies, internet applications, and a futures simulation exercise.
3305E. Economic Development, Environment, and Policy
Three credits. Prerequisite:ARE 1150 or ECON 1200 or ECON 1201Integrating the topics of economic development and the environment. Overview of economic development and growth in developed and developing nations. Classical and modern theories of economic growth and measures of economic inequality. Population growth, sustainable economic development, rural-urban interactions, agricultural transformation, and impacts on the environment. The role of education and health, policies for economic development, and climate adaptation.
3333. Computational Analysis in Applied Economics
Three credits. Prerequisite: STAT 1000Q or STAT 1100Q, or similar; laptop computer in class. Recommended preparation: ARE 1150 or ECON 1200 or ECON 1201
Learn fundamental concepts of statistics and economics through analysis of economic data using computer spreadsheets.
3436. The Economics of Integrated Coastal Management
Three credits. Prerequisites: Recommended Preparation: ARE 1150 or ECON 1200 or 1201
Explores the theory and practice of integrated coastal management (ICM); introduces major concepts, processes, tools and methods of ICM; and analyzes United States and international experiences with ICM.
3437E. Marine Fisheries Economics and Policy
Three credits. Recommended preparation: ARE 1150 or ECON 1200 or ECON 1201
Explores the various natural, human and management components of the fishery system and presents the application of economic and policy analysis for the optimal allocation of resources to a fishery.
3438E. Climate Economics
Three credits. Prerequisites: ARE 1150 or ECON 1201 or ECON 1200.
Analysis of the interactive relationship between the economy and climate change. Use of principles and tools of economics to focus on the costs of changes in the severity and frequency of weather events, how these costs are influenced by markets and policies, and how costs and benefits are distributed across populations within the U.S and across the globe in the short and long terms. Examination of household, firm-level, national and international decision-making as influenced by climate change, taking into account uncertainty, diverging interests, external costs, and evaluation of models used to alternative scenarios.
4205. Market Planning and Survey Research in the Food Industry
Three credits. Prerequisites: ARE 1150 and ARE 3333.
Overview of market planning in the food industry, with emphasis on survey design and implementation. Student groups will work with clients to develop tailored market plans.
4217. Business Finance and Investment Management
Three credits. Prerequisite: ARE 1150 or ECON 1200 or ECON 1201 ; open to juniors or higher
Theory and practice of business finance and investment management, including sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm, and the tools and analysis used to allocate financial resources. Emphasis on investment decision-making, corporate risk management, capital flow management, and mergers and acquisitions. Use of real-world applications to provide students with a solid background in the economic theory of business finance and investment management in food and resource industries.
4279. International Commodity Trade
Three credits. Recommended preparation: ARE 1150 or ECON 1200 or ECON 1201.
The basic principles of international commodity trade and market institutions. Applications to current problems of international commodity trade and policy.
4305. Sustainable Economic Development
Three credits. Prerequisite: ARE 1150 or ECON 1200 or ECON 1201; MATH 1071Q or 1110Q or 1120Q or 1126Q or 1131Q, Credit may not be received for both ARE 4305 and 5305.
The role of sustainable economic development of less developed economies. Microeconomic dimensions of agricultural development, food security, agricultural production and supply, foreign assistance, and government programming.
4438E. Valuing the Environment
Three credits. Prerequisite: ARE 1150 or ECON 1200 or ECON 1201 .Conceptual and practical understanding of the main methods used to evaluate the economic benefits of environmental protection and damages from degradation. Methods include: change in productivity, hedonic pricing, travel cost method, contingent valuation, defensive expenditures, replacement costs, and cost-of-illness. Topics covered include recreation, soil-erosion, energy, forestry, hazardous waste, air pollution, deforestation, wetlands, wildlife, biodiversity, noise, visibility, water, and water pollution.
4444. Economics of Energy, Climate, and the Environment
Three credits. Prerequisites: ARE 1150 or ECON 1200 or ECON 1201 ; open only to juniors or higher.
Economics of energy issues with special reference to impacts on local, regional, and global environmental quality, energy markets and regulatory policies. Environmental and economic implications of developing alternative sources of energy. Conservation policies in relation to transportation, industry, and residential energy use.
4462E. Environmental and Resource Economics
Three credits. Prerequisite: ARE 1150 or ECON 1200 or ECON1201 ;MATH 1071Q or 1110Q or 1120Q or 1126Qor 1131Q, open to juniors or higher. Credit may not be received for both ARE 4462 and 5462.
Natural resource use and environmental quality analysis using economic theory. Reviews of empirical research and relevant policy issues.
4476. International Trade and Policy
Three credits. Prerequisites: ARE 1150 or ECON 1200 or 1201. Recommended preparation: MATH 1071Q or 1110Q or 1120Q or 1131Q or 1151Q; or STAT 1000Q or 1100Q. Not open for credit to students who have passed ARE 5476.
Analysis of international trade and trade policy focusing on agricultural and food markets. Covers trade-related issues concerning economic development and growth. Focus on current challenges to the multilateral trading system and the theoretical foundation for understanding the economic importance of firms, international trade, and global capital flows. Introduction of methods and tools for counterfactual evaluation of trade policies. Taught concurrently with ARE 5476.
4991. Professional Internship
Variable credits (1-6). Repeatable for a total of six credits. Prerequisite: Open only to junior and senior students majoring in Applied and Resource Economics who have demonstrated outstanding academic ability and possess excellent professional potential; requires Independent Study Authorization and Learning Contract with consent of department head and advisor.
Provides students with a meaningful experience in a formalized applied and resource economics program under supervised conditions. Each student taking this course must submit a formal written report for evaluation and meet all other course requirements as specified by the instructor.
4993. Foreign Study
Variable credits (1-15). Prerequisite: Consent of Department Head required, normally to be granted prior to the student’s departure. May count toward the major with consent of the advisor and Department Head. May be repeated for credit. Special topics are taken in a foreign study program.
Credits and hours by arrangement. May be repeated for credit with a change of topic.
Participation in staff conferences and discussions, reviews of important books, and reports on recent developments in economic theory and research.
4995. Special Topics
Variable credits (1-6). Prerequisite: Open only with the consent of instructor. 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.
4999. Independent Study
Credit and hours by arrangement. Prerequisite: Open to students with Independent Study Authorization.
Designed primarily for Applied and Resource Economics majors.