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Graduate Courses

DARE graduate courses are indexed AREC, and organized by number, with the 500 series signifying Master-level classes, the 600 series signifying Master/Ph.D.-level classes, and the 700 level signifying Ph.D. level classes.

AREC 506 (3) Applied Microeconomic Theory.
Introduction to mathematical models in modern microeconomics, including choices and demand, production and supply, and market structures and failures.
Syllabus: Goemans

AREC 507 (3) Applied Welfare and Policy Analysis.
How policies are crafted to effectively address social issues, especially for agriculture and the environment, and how they impact society.

AREC 508 (3) Financial Management in Agriculture.
Prerequisite: AREC 408.
Systematic approach to understanding and applying financial management in farm businesses.

AREC 535/ECON 535 (3) Applied Econometrics.
Prerequisite: AREC 335/ECON 335; ECON 304 or ECON 306.  Credit not allowed for AREC 335 and ECON 335.
Econometric techniques applied to testing and quantification of theoretical economic relationships drawn from both microeconomics and macroeconomics.

AREC 540/ECON 540 (3) Economics of Natural Resources.
Prerequisite: AREC 340/ECON 340; MATH 141.  Credit not allowed for AREC 540 and ECON 540.
Public natural resources policy, effect on resource use in private sector, optimal pricing of minerals, timber and fisheries, and public project analysis.

AREC 542 (3) Advanced Water Resource Economics.
Prerequisite: AREC 342; ECON 306; MATH 141 or MATH 155 or MATH 160; STAT 301.  Credit not allowed for both AREC 441 and AREC 542.
Theory and application of economics in water resource planning.

AREC 563/ECON 563 (3) Regional Economics – Theory, Methods, and Issues.
Prerequisite: ECON 306; ECON 501 or concurrent registration.  Credit not allowed for both AREC 563 and ECON 563.
Tools and methods of regional economics, including supply, demand, and externality analyses. Applications to current urban and regional policy issues.

AREC 570/ECON 530 (3) Methodology of Economic Research.
Prerequisite: ECON 403; ECON 306.  Credit not allowed for both AREC 570 and ECON 530.
Philosophical foundations of science and research. Concepts and skills for planning, performing, reporting, and evaluating economic research.
Syllabus: Bayham

AREC 572 (3) Social Benefit-Cost Analysis.
Prerequisite: ECON 306.
Theory, application of concepts relating to social benefit cost analysis of public projects, policies intended to promote social welfare, economic growth.

AREC 605 (2) Agricultural Production and Cost Analysis.
Prerequisite: AREC 506; AREC 535 OR ECON 535
Empirical application and analysis of production and cost issues in the agricultural and natural resource sectors.

AREC 606/ECON 606 (3). Microeconomic Analysis I.
Prerequisite: ECON 306; ECON 501. Credit not allowed for both AREC 606 and ECON 606.
Advanced price/allocation theory: consumer/producer decisions; uncertainty; market structure; partial/general equilibrium; efficiency/welfare.

AREC 610 (2) Agricultural Marketing and Demand Analysis.
Prerequisite: AREC 506; AREC 535 OR ECON 535.
Empirical Application and analysis of agricultural marketing and demand issues in the agricultural and natural resource sectors.

AREC 615 Optimization Method for Applied Economics.
Prerequisite: AREC 506.
Theory and practice of optimization techniques used in econo9mic applications with emphasis on linear and nonlinear programming.
Syllabus: Manning

AREC 635/ECON 635 (3) Econometric Theory I.
Prerequisite:  AREC 535/ECON 535; ECON 501 or concurrent registration.  Credit not allowed for both AREC 635 and ECON 635.
Theory of mathematical statistics and classical linear regression model in context and economic application.

AREC 647 (3)  Land Use Economics and Spatial Modeling. 
Prerequisite: AREC 506/ECON 506; AREC 535/ECPN 535.
Use of spatial data in economic analysis of land use focusing on development patterns, land conservation, spatial externalities and agricultural land.
Syllabus: Suter

AREC 660 (3) Economics of Agricultural Development.
Prerequisite:  AREC 460.
Economic literature-based exploration of human welfare measures & implications of approaches to agriculture and resource-based economic development.

AREC 695 (1-18) Independent Study.

AREC 699 (1-18) Thesis.

AREC 705 (2) Advanced Production and Technological Change.
Prerequisite:  AREC 605
Production theory is applied to real-world issues including risk, innovation, and environment, through lectures and readings of current literature.
Syllabus: Hill

AREC 706/ECON 706 (3). Microeconomic Analysis II. 
Prerequisite: ECON 606. Credit not allowed for both AREC 706 and
ECON 706.
Advanced topics in microtheory: game theory; market imperfections; adverse selection; principal-agent problems; social choice theory; incentives, etc.
Syllabus: Kroll

AREC 710 (2) Advanced Agricultural Marketing Issues.
Prerequisite: AREC OR ECON 735; ECON 706.
Theoretical and modelling issues of consumer demand, market structure, product differentiation and market behavior.
Syllabus: Berning

AREC 735/ECON 735 (2) Econometric Theory II.
Prerequisite:  AREC 635/ECON 635.  Credit not allowed for both AREC 735 and ECON 735.
Econometric models and estimators in econometrics, from fully parametric to semiparametric and nonparametric approaches.

AREC 736 A/ECON736 A  (1) Advanced Econometric Methods.
Prerequisite: AREC OR ECON 735 or concurrent registration.
Discrete Choice Models.

AREC 736 B/ECON 736 B (1) Advanced Econometric Methods.
Prerequisite: AREC OR ECON 735 or concurrent registration.
Panel Data Models.

AREC 740 Advanced Resource and Environmental Economics.
Prerequisite:  AREC 540 OR ECON 540; AREC 541 OR 3CON 541; AREC 635 OR ECON 635; ECON 706.
Advanced theory, methods, and literature of natural resource and environmental economics, including dynamic programming and non-market valuation.

AREC 770 Advanced Research Methods in Agricultural & Resource Economics.
Prerequisite: AREC 540 OR ECON 540; AREC 541 OR 3CON 541; AREC 635 OR ECON 635; ECON 706.
Advanced research methods in applied economics: lab and field experiments, non-market valuation and discrete choice experiments.

AREC 784 (1-3) Supervised College Teaching.

AREC 792A (1-18) Seminar – Agriculture.

AREC 792B (1-18) Seminar – International.

AREC 792C (1-18) Seminar – Resources.

AREC 795 (1-18) Independent Study.

AREC 799 (1-18) Dissertation.


Graduate Coordinators

Agricultural and Resource Economics
Jordan Suter

Agricultural Education
Kellie Enns

Program Coordinator

Agricultural and Resource Economics
Kathy Bruce

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