Major Options
Managerial Economics in Food and Resource Industries | Consumer and Family Economics | Food Marketing Economics | Natural Resource Economics
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Managerial Economics in Food and Resource Industries
The managerial economics option is intended for students who seek training in applied economics and quantitative methods for use in business decision making. Students acquire skills in linear programming, econometrics, forecasting, production economics and market demand analysis. Computer applications are emphasized. Microeconomic models and case studies drawn from the natural resources and food distribution systems are used to demonstrate how the decision maker can operate effectively within a complex economy consisting of millions of businesses and thousands of markets. The influence of government and trade regulations and the role of risk and uncertainty receive special attention. Career opportunities include research, planning, marketing and managerial positions in a wide range of firms, especially in food and natural resource related industries. Typical job activities include: management, environmental consulting, energy demand analysis, market research, financial analysis and strategic planning.
Consumer and Family Economics
The consumer and family economics option focuses on the economic needs and functions of individuals and families. Students are prepared to mediate between the consumer and various financial and business institutions as financial counselors and consumer affairs specialists. This option also provides students with a strong foundation in social and behavioral sciences that will prepare them for careers in the areas of family financial management and consumer policy. Graduates may also become Certified Financial Planners.
Food Marketing Economics
Food marketing employs more people than any other single industry in the nation. There are opportunities for careers in the procurement, processing, packaging, advertising, and retail merchandising of food. This expanding industry is becoming more dependent upon professional management. The food marketing economics program provides students with a basic knowledge of economics, marketing and business management and the skills required to apply that knowledge to food marketing situations. Career opportunities include sales, managerial and research positions with consulting firms, food manufacturers, food brokers, food wholesalers, food retailers and trade associations. There are also opportunities with government, research and regulatory agencies serving the public.
Natural Resource Economics
The natural resource economics option prepares students to assist in making public and private decisions about environmental and natural resource issues. Increasing population and income are multiplying pressures on our land, water, atmosphere, energy and other natural resources, making allocation, management, and protection decisions top priorities. With global climate change and concomitantly increasing public awareness of environmental and sustainability issues, and governmental involvement at all levels, this field will grow very rapidly for many decades to come. Students study the problems and possible solutions in such areas as water quality and supply, air quality, land use, pesticide and other hazardous material policy, solid waste disposal, and fishery, forest and wildlife management. Our training prepares students for careers in research, planning, education and administration. Employers are federal, state, or community governments, consulting firms, or other private businesses.
