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University of Maryland Department of Agricultural and Resource Economics

The Department of Agricultural and Resource Economics at the University of Maryland offers various programs for undergraduate and graduate students.

Undergraduate Program

• The undergraduate program provides students with a comprehensive education in agricultural and resource economics.
• The program includes courses in microeconomic theory, econometrics, and the application of microeconomics to policy issues.
• Students can choose from a variety of electives to suit their interests.
• The program also offers a Global Poverty Minor and Education Abroad opportunities.
• The undergraduate program prepares students for careers in government agencies, international organizations, and private industry.

Graduate Program

• The graduate program offers Master's and Ph.D. degrees in Agricultural and Resource Economics.
• The Master's program requires a minimum of 33 credits of coursework and defense of a scholarly paper.
• The program includes required courses in microeconomic theory, econometrics, and mathematical optimization.
• Students can choose from a variety of electives to suit their interests.
• The Ph.D. program requires a minimum of 30 credits of coursework beyond the Master's degree and defense of a dissertation.

Master's Program

• The Master's program trains students to conduct economic research in the fields of environmental and resource economics, agricultural economics, and development economics.
• The program provides rigorous training in microeconomic theory and econometrics and in the application of microeconomics and econometrics to policy issues.
• Students completing their Master's degrees go on to work in U.S. government agencies, international organizations, and private industry.
• The program requires a minimum of 33 credits of coursework and defense of a scholarly paper.
• No Master's thesis is required.

Required Courses

• The first semester of the sequence in microeconomic theory (ECON 603).
• A two-semester sequence in applied econometrics (AREC 623 and 624).
• A one-semester course on mathematical optimization (AREC 620).
• A one-semester course on applications of microeconomic theory to agricultural and resource economics (AREC 610).

Elective Courses

• Elective courses are normally selected from Master's level courses (600 level or above) in AREC or ECON but may be taken in other disciplines with adviser approval.

Ph.D. Program

• The Ph.D. program requires a minimum of 30 credits of coursework beyond the Master's degree and defense of a dissertation.
• The program provides advanced training in microeconomic theory, econometrics, and the application of microeconomics and econometrics to policy issues.
• Students completing their Ph.D. degrees go on to work in academia, government agencies, international organizations, and private industry.

Research Areas

• The department has research areas in environmental and resource economics, agricultural economics, and development economics.
• Faculty members are involved in research projects on topics such as climate change, water quality, and agricultural policy.
• The department also has research centers that focus on specific areas such as agricultural law and coastal and marine resources.

Extension

• The department offers extension programs that provide education and outreach to the public on topics such as agricultural law, beginning farmer success, and water quality.
• The extension programs are designed to provide practical information and assistance to farmers, policymakers, and other stakeholders.

People

• The department has a diverse faculty with expertise in various areas of agricultural and resource economics.
• The faculty members are involved in teaching, research, and extension activities.
• The department also has a number of graduate students who are pursuing Master's and Ph.D. degrees in Agricultural and Resource Economics.