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(All courses carry 3 credits unless otherwise noted.) 102 Introduction to Resource Economics (SB) (both sem) Microeconomic theory for majors and nonmajors. Concepts of supply, demand, markets, natural resource management, economic policy. Applications to business and government decision making emphasized. 121 World Food: Opportunities and Constraints (SBD) (1st sem) Examination of pressures on the world food supply (particularly populations and income growth) and the potential of world resources to meet these demands. Focus on the causes of hunger and the roles of increased food production, economic development, and foreign aid in efforts to alleviate it. 140 Managing Your Own Business Business organization and financing. Personal and business goals and strategic planning. Procuring, pricing, and presenting goods and services to the consumer; budgeting, cash flow, and profit analysis; developing a comprehensive plan for starting and managing a small business. 142 People in Organizations (2nd sem) Basic principles of organizational operation and personnel management with emphasis on human behavior. 211 Introductory Statistics for the Life Sciences (R2) (both sem) Designed for students in: AN SCI, ENVSCI, FOREST, CE, NAREST, PLSOIL, RES EC, W&FCON, and related majors. Introduction to basic statistical methods used to collect, summarize, and analyze numerical data. Emphasis on application to decision making; examples from the biological sciences. Topics include: common statistical notation, elementary probability theory, sampling, descriptive statistics, statistical estimation and hypothesis testing, and an introduction to analysis of variance. Basic algebra necessary. 212 Introductory Statistics for the Social Sciences (R2) (both sem) Designed for students in: APPMKT, CAS, ECON, HRTA, RES EC, and related majors. Introduction to basic statistical methods used to collect, summarize, and analyze numerical data. Emphasis on application to decision making; examples from the social sciences. Topics include: common statistical notation, elementary probability theory, sampling, descriptive statistics, statistical estimation and hypothesis testing. Basic algebra necessary. 241 Introduction to Food Marketing Economics (2nd sem) Role of markets in coordinating economic activity. Agencies, functions, and practices involved in the movement of agricultural products from producer to consumer: characteristics of production, processing and distribution of agricultural commodities and their impact upon marketing methods and costs; important changes in food consumption and current issues in food marketing. 262 Environmental Economics (SB) (2nd sem) Economics of environmental issues stemming from land energy and water use. Emphasis on economic implications of alternative environmental policies including current legislation, for the private and public sectors of the economy. 263 Natural Resource Economics (SB) Economic analysis of energy, water, the conservation of natural resources, recycling, and the management of land, forest, and mineral resources. Course in microeconomic theory helpful. 303 Writing in Resource Economics (1st sem) Satisfies Junior Year Writing requirement. A series of writing exercises based on the types of written material that are common in the field. 305 Price Theory (2nd sem) Intermediate level microeconomic theory. Consumer demand theory and economics of production. Geometric and mathematical approaches. Models of market behavior, related to examples. Applications to business and government decision making emphasized. Required course for more advanced departmental offerings. Prerequisites: MATH 127, RES EC 102. 312 Introductory Econometrics (2nd sem) Basic concepts in econometric methods. Application of methods to real world data; emphasis on application through use of econometric software and microcomputers; students undertake research projects. Prerequisites: RES EC 102 and 211 or equivalent. 313 Quantitative Methods in Applied Economics (1st sem) Decision making subject to constraints. Introduction to contemporary quantitative methods as applied to production, marketing and resource management problems in both a private and public setting. Linear programming, decision making under uncertainty, and simulation. Prerequisite: RES EC 211 or equivalent. 324 Small Business Finance (2nd sem) Financial management of the non-corporate business. Planning, investment decision making, and sources of financing. Basic accounting and statistics desirable. 343 Food Merchandising (1st sem) The development and implementation of merchandising strategies by food processors, wholesalers, and retailers. Analysis of consumer demand for food, processors' branding and promotional strategies and retail store formats. Emphasis on food distribution channels, mechanics of merchandising (buying, pricing, and display) and future trends. Prerequisite: ECON 103 or RES EC 102. 428 Managerial Economics in Food and Resource Industries (2nd sem) Applications of economics, statistical methods and accounting to the decision-making process. Extensive use of computers. Several case studies. Topics include: production economics, demand forecasting, statistical cost analysis, financial, pricing and promotional strategies, public policy, and capital budgeting. Prerequisites: RES EC 305 or ECON 203, econometrics and quantitative methods, or consent of instructor. 452 Structure and Performance in the U.S. Food System (1st sem) Market structure models with application to the food system and to natural resource industries. Firm behavioral strategies under various market structures. The role of product differentiation, advertising, market power, mergers, barriers to entry, pricing and non-price rivalry. Market performance including prices, costs, profits, labor issues, and progressiveness. Prerequisite: RES EC 305 or ECON 203. 453 Public Policy Affecting the Food Industry (2nd sem) Rationale and structure of federal and state policies affecting the food and other industries. Survey of market regulation by antitrust laws; product safety regulation; consumer oriented regulation of advertising, labeling, and selling practices. Extensive reliance on cases and examples in lectures and homework. Prerequisite: RES EC 452 or consent of instructor. 471 Benefit-Cost Analysis of Natural Resource Programs (1st sem) Theoretical foundations and practical procedures of benefit-cost analysis as applied to public natural resource and environmental projects, programs and regulations. Critical discussion of strengths and weaknesses of this tool. Topics from water resources, land use, outdoor recreation, air quality, coastal zone management, and other natural resources and environmental areas. Prerequisite: RES EC 102 or ECON 103. 497A Experimental Economics (2nd sem) Laboratory experimental studies of economic behavior; development of techniques of experimentation with applications to monopoly, bilateral bargaining, and competitive markets under various exchange rules; public goods and common-pool resources. Prerequisite: RES EC 102 or equivalent. Resource
Economics | Courses | Faculty
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