| MSU Agricultural, Food, and Resource Economics | Graduate Education > Strengths of Program | ||||||||
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Strengths of the Graduate ProgramInternational focus and opportunities for overseas field research
Full financial support for most studentsTypically at least 90% of graduate students receive full funding either through a departmental half-time graduate assistantship, or through outside scholarships or fellowships (e.g., foreign government funding, Rockefeller or Kellogg Foundation scholarships, Fulbright program funding, etc.). For example, in early 2001, out of a total of 68 students, 50 had departmental assistantships, 12 had outside scholarships, and 6 (less than 10%) were unfunded. Of that six, five were not actively working to complete their degrees. Diverse student group with excellent student organization and tradition of working together
Diverse and outstanding facultyThe department is fortunate to have a philosophically diverse and outstanding faculty. This diversity provides graduate students with an unusually broad set of economic perspectives and tools for solving applied problems in agricultural and natural resource economics. For example, the faculty include a strong group of institutional economists, including University Distinguished Professor A. Alan Schmid. Incorporation of the concepts and approaches of institutional economics into mainstream economics has been growing rapidly, particularly in the field of development economics. Institutional economics is also relevant to the study of contracting, strategic alliances, and other institutions used by firms in the increasingly vertically integrated agribusiness and food industry sectors.Other faculty members bring expertise in areas such as business management and social capital. Excellent facilities for students
Strong departments in complementary disciplinesSolving applied problems in today's world requires the professional agricultural economist to integrate knowledge from many disciplines. Agricultural Economics is fortunate to have a close working relationship with the highly ranked Department of Economics. Economics faculty are especially strong in econometrics, micro theory and risk, and economic development. Courses in these areas are excellent. Economics faculty members also serve frequently on guidance committees for agricultural economics students, and have often collaborated closely with agricultural economics faculty on research projects, especially in the international development area. Opportunities exist for pursuing dual agricultural economics and economics degrees at both the M.S. and Ph.D. levels. Other departments with which Agricultural Economics has close teaching or research collaboration include Crop and Soil Sciences, Animal Science, Fisheries and Wildlife, Forestry, Resource Development, and Sociology. Many faculty do research on projects that involve faculty members from other departments. Interdisciplinary research is a very important part of the department's program, focusing on topics such as biotechnology, waste management, soil conservation and pollution control, and land use policy. Another example of cross-department collaboration is the Interdepartmental Specialization in Environmental and Resource Economics. This graduate study specialization is coordinated by a group of resource economists from five departments in the College of Agriculture and Natural Resources (Agricultural Economics, Fisheries and Wildlife, Forestry, Park and Recreation Resources, and Resource Development) along with the Economics Department. Integration of research with outreach/extensionMany faculty members have appointments which combine research with outreach/extension duties. This increases the relevance of their research programs to the needs of particular client groups, and raises the likelihood of significant economic and social payoff. Even faculty without a formal extension appointment will generally devote a part of their time to discussing the results of their research with relevant stakeholders. |