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The University of Arizona 1993-95 General Catalog Catalog Home All UA Catalogs UA Home
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Agricultural and Resource Economics (AREC) Economics Building, Room 208 (520) 621-6241 Professors Bruce R. Beattie, Head, Robert C. Angus, Bartley P. Cardon (Emeritus), Dennis C. Cory, Robert S. Firch (Emeritus), Roger W. Fox, Jimmye S. Hillman (Emeritus), Maurice M. Kelso (Emeritus), Robert O. Kuehl, Jeffrey T. LaFrance, William B. Lord, William E. Martin (Emeritus), Eric A. Monke, Lester D. Taylor Associate Professors Bonnie C. Colby, Roger A. Dahlgran, Robert D. Innes, Paul N. Wilson Assistant Professors Satheesh V. Aradhyula, Gary D. Thompson Research Scientist Edwin H. Carpenter Extension Specialists Harry W. Ayer, Russell L. Gum, James C. Wade Assistant Extension Specialists Julie Leones, Russell E. Tonstad The department's program is designed to relate agricultural and resource problems and issues in contemporary society to their underlying economic explanations. Through the choice of elective courses the major in agricultural and resource economics may build programs in: agricultural business to prepare for careers in the management of farms, ranches and agribusiness firms; economic development for careers in rural area development and foreign agricultural development; resource economics for careers in the management of public resources of land and water; and preparation for graduate study for careers in business, teaching and research. The following degrees are offered: Bachelor of Science in Agriculture with a major in agricultural and resource economics and Master of Science with a major in agricultural and resource economics. The Doctor of Philosophy degree with a major in economics and an emphasis in agricultural and resource economics is administered by the combined faculties of the departments of Economics and Agricultural and Resource Economics. The major: Undergraduate majors must complete the general education requirements as described in the College of Agriculture section of the catalog. Courses in four of the five required study areas must be selected from a departmentally approved list. Included in this list are MATH 119 and 123, ECON 201a, 201b, 330 and AREC 242. Additional requirements include ACCT 200, either ECON 300 or 361, and ECON 332 and a minimum of 22 units in upper- division agricultural and resource economics courses. Majors must choose additional coursework from options in either Agricultural Economics, Agribusiness Management, or Resource and Environmental Economics. Agricultural Economics Option: This option is designed for the student interested in the application of economics to societal problems. AREC 339, 403, 404 and 464 are required. Forty-one units of elective credit are open to the student. Agribusiness Management Option: Designed for the student interested in the management of agricultural production, marketing/sales and service business. In addition to the above general requirements, ACCT 210, 310 and MAP 330 are required. Students taking this option must also complete AREC 213, 215, 339, 403, 404, 450 and 464. Majors in this option are encouraged to enroll in additional relevant courses in the College of Business and Public Administration. Resource and Environmental Economics Option: This option meets the needs of the student interested in the economic analysis of environmental and natural resource issues facing society. In addition to the general requirements, AREC 217, 339, 350, 375, 403, 404, 464, and 476 are required. Students are encouraged to use 44 elective units in courses relating to biology, political science and natural resource management. The minor: A minimum of 20 units of course work is required in agricultural economics. At least 19 units must be selected from ACCT 200, AREC 213, 215, 217 and ECON 300, 330 or 361. A minimum of 12 upper-division units must be selected from a list of concentration courses that can be obtained from a minor advisor. Students are expected to have prerequisites and/or supporting courses that may be required for the courses in the minor. 213. Introduction to Agricultural Marketing (3) II Basic economic principles and marketing methods for agricultural crops and livestock in an international marketplace. P, ECON 200 or 201a. 215. Agricultural Business Management (3) I II Applying economic principles in decision making for the agribusiness firm; analytical techniques and management control; problems in organization, management, and operation of an agricultural business. P, ECON 200 or 201a. 217. Resource and Environmental Economics (3) I Relationship between man and use of natural resources and environmental systems, with emphasis on the economic implications of alternative environmental, energy and land-use policies. P, ECON 200 or 201a. (Identical with ECON 217) 242. World Food Economy (3) I World resources of agriculture; population and food supply; economics of hunger, world trade and agricultural policies. P, ECON 200 or 201a. (Identical with ECON 242) Fox 310. Consumer Economics (3) I The economics of consumer behavior and choice with implications for consumer demand. Application to nutrition and food consumption, clothing and textiles, and consumer durables. P, ECON 200 or 201a. (Identical with MCS 310) 313. Economics of Futures Markets (3) I Futures market participants, evolution, functions, performance, regulation, financial instruments, and options on futures contracts, with emphasis on hedging uses of the futures market for agricultural commodities. P, ECON 201a. (Identical with ECON 313 and FIN 313) Dahlgran 339. Economic Statistics (3) I II Application and interpretation of statistical measures to problems in economics. P, MATH 117R/S. (Identical with ECON 339) Angus 350. Ethical Considerations in Agricultural and Natural Resource Policies (3) I Develops the capability in students to critically identify and analyze, from a political economy perspective, policy issues and decisions concerning agriculture and natural resources. P, ECON 200 or 201a. Wilson 375. Economics of Land and Water in the American West (3) II Economic analysis of natural resource issues, policies and management alternatives. Case studies will focus on water supplies, public and tribal lands, river basins and wildlife, resources in the western U.S. P, 217 or ECON 201a. (Identical with ECON 375 and RNR 375). Colby 403. Marketing and Price Analysis (3) II Market functions, costs, price forecasting, and regulation in the movement of agricultural products. P, 339, ECON 300 or 361. 404. Production Economic Analysis (3) I Application of production economics principles and analytical techniques to the solution of agricultural economics problems. P, MATH. 123, ECON 300 or 361. Thompson 450. Agricultural Finance (3) I Applying business and economic theory to problems confronting agribusiness firms in the acquisition, allocation, control, and transfer of capital resources. P, ECON 300 or 361 and 3 units of accounting. May be convened with 550. Wilson 464. Agricultural Policy (3) II Economic analysis of the policy issues and proposals impacting on agriculture and rural America, with emphasis on the historical and continuing role of government in price and income policies. P, ECON 201a. 471. Problems in Regional Development (3) I II (Identical with GEOG 471) May be convened with 571. 476. Natural Resource Economics (3) II Economic principles useful in analyzing natural resource problems and policies in the Southwest and nationwide. P, MATH 123, ECON 300 or 361. (Identical with ECON 476, HWR 476, and RNR 476) 500. Research Methodology in Agricultural Economics (3) I Study of the research process in agricultural economics as a means of acquiring reliable knowledge. P, ECON 518, ECON 504, or CR. Cory 504. Production Economics (3) I Theory of the firm and industry; single and multiple products; risk and uncertainty. P, MATH 123, ECON 300 or 361. (Identical with ECON 504) Aradhyula 512. Economic Policy in Developing Countries (3) II The role of policies in economic growth and development. The impact of commodity, factor market and macroeconomic policies on economic incentives. (Identical with AR L 512 and ECON 512) Monke 513. Consumption Economics and Price Analysis (3) II Theory of the consumer, demand, and market equilibrium, and welfare analysis. P, ECON 361, MATH 123 (Identical with ECON 513) LaFrance 514. Cost-Benefit Analysis (3) II Theoretical bases and empirical techniques, with emphasis on LDCs. Consumer-producer surplus; social and private costs; macroeconomic distortions; non-market goods; uses in policy analysis. (Identical with ECON 514). Monke 515. Operations Research in Applied Economics (3) I Application of linear, nonlinear, and multiple objective programming, decision theory, and simulation to problems of agricultural production, marketing, policy, and natural resource use. P, ECON 361, MATH 123. (Identical with ECON 515) Thompson 516. Agicultural Development (3) I Microeconomic analysis of agriculture in developing economies, focusing on factors affecting production decisions of small farmers, including adoption of new technologies. Interrelationships between agricultural activities and household consumption patterns will also be discussed. P, ECON 300 or 361. (Identical with ECON 516). Fox 540. Design and Analysis of Experiments (3) II Statistical principles of research design for experimental and observational studies; introduction to the linear statistical model for analysis of data from research studies including techniques for complete block and incomplete block designs; factorial experiments; covariates and polynomial response functions. P, STAT 509. Kuehl 549. Applied Econometric Analysis (3) I (Identical with ECON 549) Dahlgran 550. Agricultural Finance (3) I For a description of course topics, see 450. Graduate-level requirements include a research paper of publishable quality which analyzes a current financial issue or problem in the agricultural sector and selected readings in professional journals. P, ECON 300 or 361 and 3 units of accounting. May be convened with 450. Wilson 571. Problems in Regional Development (3) I II (Identical with GEOG 571) May be convened with 471. 575. Economics of Natural Resource Policy (3) II Theory and application of economic concepts needed to evaluate resource laws and policies; including welfare economics, externalities, public goods and valuation methodologies. Case studies focus on the American West and include federal and state environmental, water, land and wildlife policies. P, ECON 300 or 361. (Identical with AR L 575, ECON 575 and RNR 575) Colby 576. Advanced Natural Resource Economics (3) I Advanced economic theory and analysis of environmental and natural resource issues. P, MATH 123, ECON 361. (Identical with ECON 576, HWR 576, and RNR 576) Cory 577. Advanced Topics in the Economics of Environmental Regulation (3) II Advanced economic theory of environmental policy. Topics include regulation of air and water pollution under imperfect competition, imperfect information, costly enforcement, uncertainty, and the use of alternative regulatory instruments. P, ECON 361, MATH 123. (Identical with ECON 577, HWR 577, and WS M 577) Innes |
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