Program Overview

Major in Agricultural Business, Agricultural Economics Concentration

The Agricultural Economics concentration focuses on the theoretical and analytic tools of applied economics and provides students with the skills necessary to apply these principles in settings such as water, recreation, environmental economics, industry and business, marketing, production, or government. This program is more quantitative in nature and best prepares students interested in graduate study.

Learning Objectives

Upon successful completion, students will be able to:

1. Demonstrate technical competency of economic theory in formulating analytical problems. Identify and gather appropriate data, then employ appropriate economic methods to analyze those problems, utilizing appropriate available computer technology.
2. Solve real-world problems beyond the pedagogical context. Identify a problem and its scope, evaluate resources available to address the problem, formulate alternative solutions, and select the solution(s) most consistent with a stated objective.
3. Demonstrate proficiency in oral and written communication including the ability to communicate critically and analytically at a professional level.

Program Requirements

• Freshman:
  • AREC 192: Orientation to Agricultural and Resource Economics (1 credit)
  • AREC 202: Agricultural and Resource Economics (GT-SS1) (3 credits)
  • CHEM 1031: Chemistry in Context (GT-SC2) (3 credits)
  • CO 150: College Composition (GT-CO2) (3 credits)
  • ECON 204: Principles of Macroeconomics (GT-SS1) (3 credits)
  • MATH 117: College Algebra in Context I (GT-MA1) (1 credit)
  • MATH 118: College Algebra in Context II (GT-MA1) (1 credit)
  • MATH 124: Logarithmic and Exponential Functions (GT-MA1) (1 credit)
  • Select one course from the following: ANEQ 101, ANEQ 102, FTEC 110, HORT 100, SOCR 100 (3-4 credits)
  • Select one course from the following: AREC 230, BUS 150, CS 110 (3-4 credits)
• Sophomore:
  • ACT 205: Fundamentals of Accounting (3 credits)
  • AREC 305: Agricultural and Resource Enterprise Analysis (3 credits)
  • MATH 141: Calculus in Management Sciences (GT-MA1) (3 credits)
  • SPCM 200: Public Speaking (3 credits)
  • Advanced Writing (3 credits)
  • Arts and Humanities (6 credits)
  • Historical Perspectives (3 credits)
  • Agricultural Sciences Electives (3 credits)
  • Electives (3 credits)
• Junior:
  • AREC 335/ECON 335: Introduction to Econometrics (3 credits)
  • FIN 305: Fundamentals of Finance (3 credits)
  • STAT 301: Introduction to Applied Statistical Methods (3 credits)
  • Select one course from the following: AREC 340/ECON 340, AREC 341, AREC 342 (3 credits)
  • Select two courses from the following: AREC 310, AREC 311, AREC 408, AREC 412, AREC 428 (6 credits)
  • Agricultural Sciences Electives (3 credits)
  • AREC, ECON Electives (3 credits)
  • Electives (6 credits)
• Senior:
  • AREC 405: Agricultural Production Management (3 credits)
  • AREC 415: International Agricultural Trade (3 credits)
  • AREC 478: Agricultural Policy (3 credits)
  • AREC 492: Senior Seminar in Ag and Resource Economics (1 credit)
  • ECON 304: Intermediate Macroeconomics (3 credits)
  • ECON 306: Intermediate Microeconomics (3 credits)
  • Agricultural Sciences Electives (6 credits)
  • AREC, ECON Electives (6 credits)
  • Electives (2-3 credits)

Program Total Credits

The total credits required for the program is 120 credits.

Semester Plan

The program is designed to be completed in 8 semesters. The semester plan is as follows:

• Semester 1: 14 credits
• Semester 2: 15-16 credits
• Semester 3: 15 credits
• Semester 4: 15 credits
• Semester 5: 15 credits
• Semester 6: 15 credits
• Semester 7: 15 credits
• Semester 8: 16 credits