MSU Agricultural, Food, and Resource Economics  ,Graduate Education > Graduate Courses

 

Graduate Courses

   Fall     Spring 
AEC 801: Mathematical Applications in Economics
3 Credits. Mathematical tools in economic analysis. Matrix algebra, derivatives, partial derivatives, optimization, integration, and linear differential equations. Recommended Background: MTH 124 or MTH 132.
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AEC 805: Microeconomic Analysis
3 Credits. Microeconomic theory with calculus. Production, costs, demand, markets, general equilibrium, and welfare theory. Recommended Background: AEC 801 or concurrently.
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AEC 810: Institutional and Behavioral Economics       
3 Credits. Relationships among institutions, individual and collective actions, and economic performance. Public choice, property rights, and behavioral theories of firms and bureaucracies.  
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AEC 817: Political Economy of Agricultural and Trade Policy
3 Credits. Concepts of policy analysis and decision. Agricultural sector problems, behavior, and policy in the development process. Macroeconomic and trade impacts. International policies affecting trade and development. Current policy issues. Recommended background: AEC 805 or EC 812A; EC 809 or EC 813A. 
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AEC 829: The Economics of Environmental Resources
3 Credits. Economic principles related to environmental conflicts and public policy alternatives. Applications to water quality, land use, conservation, development, and global environmental issues. Interdepartmental with Economics, Forestry, Park, Recreation and Tourism Resources, Resource Development. Administered by the Department of Agricultural, Food, and Resource Economics. 
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AEC 835: Introductory Econometrics
3 Credits. Estimation and interpretation of multiple regression models and their modifications when usual assumptions are not valid. Applications focus on problems faced by agricultural economists. Recommended background: STT 430 or AEC891 (math statistics) 
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AEC 841: Analysis of Food System Organization and Performance
3 Credits. Industrial organization, subsector, and transaction cost approaches to analyzing coordination and performance of agricultural markets, contracting, and integration in the food systems of industrialized and developing countries. Applications to issues of organization, control, and public policy.  
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AEC 851: Agribusiness Operations Management
3 Credits. Managerial processes for planning and controlling agricultural firms. Applications of financial concepts, budgets, simulations, and cognitive and information systems to developed and developing countries. Predictive and prescriptive analysis. 
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AEC 853: Financial Management in Agriculture
3 Credits. Financial and investment analysis tools and concepts and their application to decisions faced by agricultural, agribusiness, and food industry firms. Financial institutions and instruments, credit programs, and financial sector performance in low-income and high-income countries.  
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AEC 857: Strategic Management in Agribusiness
3 Credits. Managerial problems faced by agribusiness firms. Strategies to interpret and respond to forces affecting the industry. Case study approach. Alias: AEC 891A 
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AEC 861: Agriculture in Economic Development
3 Credits. Role of agriculture in economic development of low- and middle-income countries. Theories of agricultural growth. Policy issues. Case studies. 
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AEC 865: Agricultural Benefit-Cost Analysis
3 Credits. Benefit-cost analysis of agricultural and natural resource projects, including financial and economic analysis. Case studies in project design and appraisal in low and high income countries. 
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AEC 874: Field Data Collection and Analysis
3 Credits. Designing and conducting socioeconomic surveys to inform agricultural production, marketing, and environment/natural resource issues in developed and developing countries. Research proposal preparation, questionnaire design, sampling, data collection, and data processing and analysis using computers. Recommended background: AEC 861. 

Summer
odd years
AEC 890: Independent Study
Variable from 1 to 3 Credits. Reenrollment Information: A student may earn a maximum of 8 credits in all enrollments for this course. Restrictions: Open only to graduate students in Agricultural, Food, and Resource Economics. Approval of department. Independent study of selected topics in agricultural economics.  
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AEC 891: Topics in Agricultural Economics (MTC)
Variable from 1 to 3. Advanced topics such as price analysis, finance, risk and modeling techniques, agri-food systems, environmental economics and management, and agricultural and natural resource development and policy. Reenrollment Information: A student may earn a maximum of 12 credits in all enrollments for this course. Restrictions: Open only to Ph.D. students in the colleges of Agriculture and Natural Resources, Business, and Social Science; or with department approval. 
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AEC 891: Topics in AFR Economics: Mathemathical Statistics for Economists
3 Credits. Applications of mathematical tools in statistics. Topics covered include: probability, random variables, probability distributions, sampling distributions, point estimators, confidence intervals, methods of estimation, hypothesis testing, liner models and estimation by least squares.

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AEC 891: Topics in AFR Economics: Environmental Economics Methods
3 Credits, For students majoring in Environmental and Resource Economics. Prerequisites: EC 805 and AEC 835 or equivalent. 
Fall odd years

AEC 891: Topics in AFR Economics: Business and the Environment 
3 Credits, Environmental issues from a business management perspective.  Analytical techniques, management processes and business strategies that aid successful reconciliation of enrironmental and economic performance goals for businesses.  Through a combination of real-life cases, readings, lectures, videos, and simulations, class discussions are aimed at developing holistic models of corporate environmental management, covering regulatory structure, compliance, environmental risk management, risk communication, green marketing, product stewardship, environmental management systems, business redefinition and  business opportunities.

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AEC 898: Master's Research (Plan B)
Variable from 1 to 4 Credits. Master's degree Plan B research.  
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AEC 899: Master's Thesis Research
Variable from 1 to 6 credits. Master's thesis research.  
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AEC923: Advanced Environmental and Resource Economics 3 Credits. Advanced economic theory of environmental management and policy. Treatment of externalities and market and non-market approaches to environmental improvement. Topics in conservation and sustainable economic growth. Applications to research and policy. Recommended background AEC829 and EC812A.

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AEC 925: Advanced Natural Resource Economics
3 Credits. Economic theory of managing nonrenewable and renewable resources, including optimal use, the incentives for use under decentralized markets, and public policy design. Analysis of the co-evolution of economic and ecological systems. Recommended background: EC 812A and AEC 829 or FOR 866.
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AEC 930: Dynamic Analysis in Agriculture and Natural Resources
3 Credits. Methods of dynamic optimization and their application to agricultural and natural resources problems. Discrete time dynamic programming, calculus of variations, and discrete time maximum principle. Recommended background: EC 801 and EC 812A
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AEC 932: Information Economics and Institutions in Agriculture and Natural Resources
3 Credits. Applications to issues in agriculture, agribusiness, the food system, natural resources, and the environment. Asymmetric information, incomplete markets, principal/agent issues, transaction costs, and the design of contracts and other institutions.
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AEC 991: Advanced Topics in Agricultural Economics (MTC)
Variable from 1 to 3. Advanced topics such as price analysis, finance, risk and modeling techniques, agri-food systems, environmental economics and management, and agricultural and natural resource development and policy.
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AEC 991/900A: Advanced topics in AFR Economics: Applied Microeconomics I
3 Credits. Empirical analysis of microeconomic problems with particular emphasis on applications to agriculture, natural resources, and the food sector. Math programming, decision analysis and econometric tools. Focus is on modeling producer and consumer behavior, and decision making under risk. Recommended Background: AEC805 and AEC835.

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AEC 991/900B: Advanced Topics in AFR Economics: Applied Microeconomics II
3 Credits. Extended analysis of agricultural, food and resource microeconomics, including applied welfare economics, bioeconomic modeling noncompetitive behavior, market equilibria and policy analysis. Uses econometrics, math programming and simulation tools. Recommended Background: AEC991/900A.
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AEC 999: Doctoral Dissertation Research
Variable from 1 to 24.

 

Updated: August 25, 2011

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