Agricultural Economics (AG EC)

AG EC 201 (E RRE) INTRODUCTORY ENVIRONMENTAL AND RESOURCE ECONOMICS ( 3) Apply principles of economics to analyze environmental protection policies and natural resource use decisions. Examine contemporary policy issues. Prerequisite: AG BM 101 or ECON 002

AG EC 208 FARM RECORDS AND ACCOUNTS ( 3) Practice in keeping, analyzing, interpreting records; systems of accounts to meet needs of individual farm situations.

AG EC 232 MARKETING DAIRY PRODUCTS ( 3) Economics of marketing dairy products; factors affecting price, production, and utilization of milk; role of cooperatives; price plans and policies.

AG EC 296 INDEPENDENT STUDIES ( 1 -18)

AG EC 306 AGRICULTURAL FINANCE ( 3) Agricultural finance in farm firms and financial institutions, emphasizing financial analysis, liquidity, and risk. Prerequisite: 6 credits in agricultural economics or economics

AG EC 307 INTRODUCTION TO AGRICULTURAL ECONOMIC ANALYSIS ( 3) Application of production theory to agricultural problems, risk and uncertainty, interregional competition, economies of size, supply and demand relationships. Prerequisite: AG EC 101 or ECON 002

AG EC 350 INTERNATIONAL AGRICULTURAL TRADE ( 3) The economics of international agricultural trade, agricultural trade policy. Prerequisite: AG EC 101 or ECON 002

AG EC 404 (E RRE) METHODS IN NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS ( 3) Empirical research methodology in the areas of environmental and natural resource economics. Prerequisite: AG EC 201 or ECON 302 , ECON 428

AG EC 410 AGRICULTURAL REAL ESTATE APPRAISAL ( 3) Factors affecting value of agricultural real property; methods and processes of agricultural real estate appraisal. Prerequisite: 6 credits in agricultural economics or economics

AG EC 429 (E RRE) NATURAL RESOURCE ECONOMICS ( 3) Optimal management of resources; roles of markets and other institutions; resources and economic development; public policy. Prerequisite: ECON 302

AG EC 430 (CEDEV) PRINCIPLES OF COMMUNITY ECONOMIC DEVELOPMENT ( 3) Concepts, strategies and techniques of local economic analysis, planning and development; case studies and decision-making exercises. Prerequisite: introductory course in economics

AG EC 431W (E RRE) ECONOMIC ANALYSIS OF ENVIRONMENTAL AND RESOURCE POLICIES ( 3) Economic Analysis of environmental and natural resource policies, benefit-cost analysis, non-market valuation techniques, resource damage assessment. Prerequisite: ECON 302

AG EC 432 (CEDEV) TECHNIQUES OF COMMUNITY ECONOMIC DEVELOPMENT PLANNING ( 3) Techniques of financial and organizational analysis applied to actual community economic development problems; utilization of innovative economic development strategies and methods. Prerequisite: AG EC 430

AG EC 450 (IL) INTERNATIONAL DEVELOPMENT, RENEWABLE RESOURCES, AND THE ENVIRONMENT ( 3) Theories of agricultural and economic development, with particular attention to interactions between development, renewable resources, and the environment. Prerequisite: 6 credits in agricultural economics or economics

AG EC 490 SEMINAR IN AGRICULTURAL BUSINESS MANAGEMENT ( 3) Contemporary issues in agricultural business management. Prerequisite: AG BM 200

AG EC 501 (AEREC) AGRICULTURAL PRODUCTION ECONOMICS I ( 3) Application of microeconomic theory to problems and decisions of farm households and agricultural firms. Prerequisite: ECON 502

AG EC 502 (CEDEV;AEREC) ECONOMICS OF NATURAL RESOURCES AND RURAL DEVELOPMENT ( 3) Emphasis will be placed on the application of economic concepts to problems and policies in rural areas. Prerequisite: ECON 502 , ECON 503

AG EC 503 (AEREC) AGRICULTURAL MARKETING ( 3) Economic analysis of food marketing firms and institutions; identification and measurement of dimensions of market performance; public policy. Prerequisite: ECON 502

AG EC 510 (AEREC) ECONOMETRICS I ( 3) General linear model, multicolinearity, specification error, autocorrelation, heteroskedasticity, restricted least squares, functional form, dummy variables, limited dependent variables. Prerequisite: ECON 490 or STAT 462 or STAT 501

AG EC 511 (AEREC) ECONOMETRICS II ( 3) Stochastic regressors, distributed lag models, pooling cross-section and time- series data, simultaneous equation models. Prerequisite: AG EC 510

AG EC 519 (AEREC) RESOURCE AND ENVIRONMENTAL ECONOMICS I ( 3) Theories and methods for economic analysis of natural resource and environmental policies with applications to current issues. Prerequisite: ECON 502

AG EC 525 (AEREC) RESEARCH METHODS IN RURAL SOCIAL SCIENCES ( 3) Scientific method in planning and conducting research. Prerequisite: 9 credits in social sciences

AG EC 527 (AEREC) QUANTITATIVE METHODS I ( 3) Quantitative techniques applied to agricultural economic issues. Prerequisite: ECON 502

AG EC 533 (CEDEV;AEREC) RURAL DEVELOPMENT RESEARCH METHODS AND TOPICS ( 3) Advanced theories and methods for rural economic development research. Prerequisite: AG EC 502 , AG EC 511 , ECON 521

AG EC 534 (AEREC) AGRICULTURAL PRODUCTION ECONOMICS II ( 3) Current problems and methods of analysis in production economics research. Prerequisite: ECON 521 , AG EC 527 , AG EC 511

AG EC 536 (AEREC) AGRICULTURAL COMMODITY MARKETS ( 3) Specification, identification, and estimation of models for use in the evaluation and control of agricultural market behavior. Prerequisite: AG EC 510 or AG EC 511 or ECON 521

AG EC 538 (AEREC) POLICY FOR THE FOOD AND AGRICULTURE SECTOR ( 3) Policy formation; policies for food and agriculture, consequences for farmers, consumers, resources; farm program benefits and costs; current issues. Prerequisite: AG EC 511 , ECON 521 , ECON 522

AG EC 539 (AEREC) INTERNATIONAL AGRICULTURAL TRADE ( 3) Analysis of determinants, institutions, and policy control of agricultural trade. Role of agricultural trade in the general economy and development. Prerequisite: ECON 502

AG EC 541 (AEREC) RESOURCE AND ENVIRONMENTAL ECONOMICS II ( 3) Key theories and analytical methods of resource and environmental economics. Prerequisite: AG EC 511 , AG EC 519 , ECON 521

AG EC 550 (AEREC) INTERNATIONAL ECONOMIC DEVELOPMENT AND AGRICULTURE ( 3) The economic development process with particular emphasis on agriculture. Prerequisite: ECON 502

AG EC 589 (AEREC) SEMINAR IN ECONOMETRIC THEORY ( 3) Theories and methods relevant to the application of statistical methods to economics. Prerequisite: AG EC 510 , AG EC 511

AG EC 590 (AEREC) COLLOQUIUM ( 1 - 3) Continuing seminars which consist of a series of individual lectures by faculty, students, or outside speakers.

AG EC 594 (AEREC) RESEARCH TOPICS ( 1 -15) Supervised student activities on research projects identified on an individual or small-group basis.

AG EC 595 (AEREC) INTERNSHIP ( 1 -18) Supervised off-campus, nongroup instruction, including field experiences, practicums, or internships. Written and oral critique of activity required.

AG EC 596 (AEREC) INDIVIDUAL STUDIES ( 1 - 9) Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.

AG EC 597 (AEREC) SPECIAL TOPICS ( 1 - 9)

AG EC 598 (AEREC) SPECIAL TOPICS ( 3)

AG EC 599 (IL) (AEREC) FOREIGN STUDIES ( 1 - 2 per semester, maximum of 4)

The University reserves the right to change the requirements and regulations listed here and to determine whether a student has satisfactorily met its requirements for admission or graduation, and to reject any applicant for any reason the University determines to be material to the applicant's qualifications to pursue higher education. Nothing in this material should be considered a guarantee that completion of a program and graduation from the University will result in employment.

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This electronic Undergraduate Bulletin is a version of the official bulletin of The Pennsylvania State University. It is suggested that users refer to this electronic bulletin when seeking the latest information about the University's academic programs and courses. Printed versions of the Bulletin are also official copies of the programs, courses, and policies in effect at the time of printing. Programmatic expectations for general education are those in effect at the time of admission to degree candidacy, and college and major requirements are those in effect at the time of entry to college and major. These are accurately indicated in each student's degree audit.

Effective Date: Current

Review Date: 06/20/2008

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