| ARE 201 | Introduction to Agricultural & Resource Economics | 3(3-0-0) F,S |
| Introduction to economic principles of marginal benefits and costs with application to consumer and producer decisions. Functions of market exchange systems in determining prices and quantities and creation of wealth. Property rights and opportunities for exchange. Role of government in dealing with agricultural and resource problems. Macroeconomic analysis including inflation, unemployment, money and banking system. Credit will not be given for both EC 205 and either EC 201 or ARE 201. |
| Course Offerings: fall sum1 sum2 sprg | WolfWare Info |
|
|
| ARE 215 | Small Business Accounting | 3(2-2-0) F |
| Preq: ARE 201 or EC 201 or EC 205 |
| Record keeping for small businesses organized as sole proprietorships, partnerships, and family held corporations. Double entry accounting principals applied to service and merchandising businesses. General Journals, Combination Journals, Subsidiary Journals, Ledgers, Accounts Receivable, Accounts Payable, Posting, Worksheets. Financial Statements, Closing, Payrolls, Cost Basis, Depreciation, Section 179, Amortization, Financial Adjustments, and Income Tax Forms. Both manual and computerized systems. Semester project of keeping records for a business for a portion of the year. |
| Course Offerings: fall sum1 | |
|
|
| ARE 301 | Intermediate Microeconomics | 3(3-0-0) F,S,Sum |
| Preq: MA 121 or 131; ARE 201 or EC 205 or EC 201 |
| Functioning of the market economy: role of prices in determining the allocation of resources; the functioning of the firm in the economy; forces governing the production and consumption of economic goods. Credit not allowed for both EC(ARE)301 and EC(ARE) 401. |
| Course Offerings: fall sprg | |
|
|
| ARE 303 | Farm Management | 3(2-2-0) F,S |
| Preq: ARE 201 or EC 201 |
| Analytical and planning techniques for making business decisions centered around farm business applications. Economic principles and management concepts such as budgeting, accounting, finance credit, investment analysis, business organization, risk,and taxes as related to practical problems of operating a farm business. |
| Course Offerings: fall sprg | WolfWare Info |
|
|
| ARE 304 | Agribusiness Management | 3(3-0-0) S |
| Preq: ARE 201 or EC 201 |
| Management decision-making by food, fiber, horticulture, and forestry firms. Emphasis on current agribusiness topics such as information utilization, strategic planning, organization structures, competitor intelligence, pricing, leadership, crisis management, ethics, and human resource management. Business communications, agribusiness case studies, and a computerized management simulation game. |
| Course Offerings: sum2 sprg | WolfWare Info |
|
|
| ARE 306 | Agricultural Law | 3(3-0-0) F,S |
| Preq: ARE 201 or EC 201 |
| Legal principles of practical importance in an agricultural setting: the court system; tort, contract and real and personal property law; legal aspects of organizing an agribusiness; environmental and labor regulations affecting agriculture; income and estate taxation of agriculture. Credit for both ARE 306 and BUS 307 is not allowed |
| Course Offerings: fall sum1 sum2 sprg | WolfWare Info |
|
|
| ARE 309 | Environmental Law & Economic Policy | 3(3-0-0) F, S |
| Preq: ARE 201 or EC 201 |
| Current federal and state environmental laws and regulations and their common law foundations. Relationship of the law and its regulatory mechanisms to economic policy issues: externalities, pollution taxes, incentives, permit trading, and cost-benefit analysis. Major environmental topics including water and wetlands, solid and hazardous wastes, pesticides, clean air, endangered species and nuisance actions. Overview of the legal system. |
| Course Offerings: fall sprg | WolfWare Info |
|
|
| ARE 311 | Agricultural Markets | 3(3-0-0) F |
| Preq: ARE 201 or EC 201 |
| Agricultural marketing system and economic forces affecting its structure and efficiency. Public policy issues affecting agricultural markets. Emphasis on the analysis of current sources of agricultural market information. Marketing and storage problems over time; futures markets and the management of risk; transportation and international trade; government agricultural programs. |
| Course Offerings: fall | |
|
|
| ARE 312 | Agribusiness Marketing | 3(3-0-0) S |
| Preq: ARE 201 or EC 201 |
| Application of marketing and economic principles to decision making in contemporary agribusiness firms. Marketing strategies, marketing research and information, segmentation and targeting, marketing mix, and market plans within food, fiber, natural resource, and production input industries. Professional selling skills and knowledge. Off-campus field experience and visiting lecturers from the agribusiness industry. |
| Course Offerings: sprg | WolfWare Info |
|
|
| ARE 321 | Agricultural Financial Management | 3(3-0-0) F |
| Preq: ARE 201 or EC 201 |
| Fundamental concepts for financial management decision in agricultural/farm businesses. Emphasis on financial statement analysis of profitability, efficiency, liquidity, repayment capacity, risk, leverage, growth. Capital budgeting, investment decisions, farmland bid price determination, farm real estate appraisal. Financial markets and credit institutions serving agriculture, lending policies, loan analysis, interest rate determination. Financial structure, performance, condition of farm sector. |
| Course Offerings: fall | |
|
|
| ARE 332 | Human Resource Management for Agribusiness | 3(3-0-0) F, S |
| Preq: ARE 201 or EC 201 or EC 205 |
| General introduction to human resource management in agribusinesses. Skills for agribusiness owners for efficient productivity from employees in a legal and ethical manner. Topics on labor economics, human resource legislation, employee planning andrecruitment, and migrant labor issues. Emphasis on techniques for training, motivating, leading, and disciplining employees. |
| Course Offerings: fall sum1 sprg | WolfWare Info |
|
|
| ARE (EC) 336 | Introduction to Resource and Environmental Economics | 3(3-0-0) F, S |
| Preq: ARE 201 or EC 201 or EC 205 |
| Application of basic economic tools to understand and evaluate environmental/resource policies. Concepts such as property rights, non-market goods, allocation over time, externalities, and public goods. Current policy issues such as global climatechange, evaluating natural resource damages from oil spills, reducing the costs of regulations, protecting estuaries, and dealing with non-point source pollution. |
| Course Offerings: fall sprg | WolfWare Info |
|
|
| ARE (EC) 401 | Economic Analysis for Non-Majors | 3(3-0-0) F,S |
| Preq: ARE 201 or EC 205 or EC 201 |
| Intermediate economic theory of firm, household, and market behavior. Demand, production and cost theory, market equilibrium under competitive and non-competitive conditions, and problems of economic efficiency. Not open to undergraduates majoring in the Department of Agricultural and Resource Economics or the College of Management. Credit not allowed for both ARE(EC) 301 and 401 |
| | |
|
|
| ARE 403 | Economics of Consumer Decisions | 3(3-0-0) Alt. yrs |
| Preq: ARE 201 or EC 201 |
| Application of economic theory of the consumer to lifetime personal resource allocation decisions intended for non-major graduate students at the master's level. Emphasis on dynamic considerations in consumption and saving, replacement of consumer durables, and evaluation of consumer protection policies. Not open to undergraduates majoring in the Department of Agricultural and Resource Economics or the College of Management. Credit not allowed for both ARE 210 and ARE 403 |
| | |
|
|
| ARE 412 | Marketing Analysis and Plans for Agribusiness and Life Sciences | 3(3-0-0) F |
| Preq: ARE 312 or BUS 360; and ST 311 or BUS/ST 350 |
| ARE 412 uses step-by-step marketing plan development for agribusiness, agricultural, and/or life sciences products. Student groups research, develop, and present a written market plan. The course focuses on collection and analysis of information pertaining to a product's environment, customers, and competitors. An integrative course, ARE 412 brings together concepts learned in marketing, finance, management, law and policy areas. |
| Course Offerings: fall | |
|
|
| ARE 423 | Futures and Options Markets | 3(2-2-0) S |
| Preq: ARE(EC) 301 and ARE 311 or BUS 320 |
| Operation and business uses of futures and options markets. Emphasis on market institutions, arbitrage price relationships, risk analysis, hedging theory and practice, portfolio evaluation and market regulation. Similarities among commodity, bond and stock index futures emphasized. |
| | |
|
|
| ARE 433 | U.S. Agricultural Policy | 3(3-0-0) F |
| Preq: ARE(EC) 301 or ARE(EC) 401 |
| Government economic policies and programs affecting agricultural inputs and farm products. Analysis of the rationale, objectives, and major types of agricultural programs and their effects on resource allocation and income distribution within agriculture and between agriculture and the rest of the economy. |
| Course Offerings: fall | WolfWare Info |
|
|
| ARE (EC) 436 | Environmental Economics | 3(3-0-0) S |
| Preq: ARE(EC) 301 |
| Usefulness of economics in understanding pollution, congestion, conservation and other environmental problems. Relevant economic tools such as pricing schemes, abatement cost curves, damage functions and benefit-cost analysis. Pollution taxes, regulations, marketable permits and subsidies considered in designing alterations in the incentive system. Current public policy alternatives in the context of non-market decision-making. |
| | |
|
|
| ARE 490 | Career Seminar in Agriculture & Resource Economics | 1(1-0-0) F |
| Preq: Junior standing |
| Planning and preparing for career choices. Resume writing, networking, interviewing, personality characteristics, and job searching. Visits with employer representatives. Employer expectations and career opportunities. Researching firms and employment opportunities. Oral and written presentations. |
| Course Offerings: fall | |
|
|
| ARE 492 | External Learning Experience | 1-6 F,S |
| Preq: Sophomore standing |
| A learning experience in agriculture and life sciences within an academic framework that utilizes facilities and resources which are external to the campus. Contact and arrangements with prospective employers must be initiated by student and approved by a faculty adviser, the prospective employer, the departmental teaching coordinator and the academic dean prior to the experience. |
| Course Offerings: fall sprg | |
|
|
| ARE 493 | Special Problems/Research Exploration | 1-6 F,S |
| Preq: ARE Sophomore standing |
| A learning experience in agriculture and life sciences within an academic framework that utilizes campus facilities and resources. Contact and arrangements with prospective employers must be initiated by student and approved by a faculty adviser, the prospective employer, the departmental teaching coordinator and the academic dean prior to the experience. |
| Course Offerings: fall sprg | |
|
|
| ARE 495 | Special Topics in Agricultural and Resource Economics | 1-6 |
| Preq: Departmental approval required |
| Presentation of material not normally available in regular course offerings or offering of new courses on a trial basis. |
| Course Offerings: fall sprg | |