UMass Logo2002/03 Undergraduate Course Catalog Banner
[Home][Courses & Programs][Academic Information][Undergraduate Admissions][General Information][Site Index] [APPLY NOW]

Department & Program Listings
[Program Listings: A-D]
[Program Listings: E-L]
[Program Listings: M-R]
[Program Listings: S-Z]
[Program Listings: Show All]



Resource Economics Courses

Resource Economics | Courses | Faculty

(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 Hunger in a Global Economy (SBG) (1st sem)

Explores the causes of hunger (chronic undernutrition) from an economic perspective. Focus on how population growth and economic development are increasing demand for food and on the prospects for food production to supply those needs at affordable prices, while sustaining the environment. Discussion in the context of the global economy in which increased trade links even the poorest urban and rural residents in developing countries to market forces.

140 Managing Your Own Business
(2nd sem)

Introduction to the terminology and concepts essential to managing a small, family-sized business. Marketing, production, financing, and personnel management. Procuring, pricing, and presenting goods and services to the consumer. Emphasizes the planning function.

142 People in Organizations (2nd sem)

Basic principles of organizational operation and personnel management with emphasis on human behavior.

162 The Consumer in Our Society
(1st sem)

An introduction to consumer economics. Topics include consumer behavior, rights, responsibilities, consequences of consumer decisions for individuals, families and society. Current issues that affect the individual consumer, the household as a consuming unit, and society at large.

197A Computing: Foundations to Frontiers (2nd sem)

Hands-on lab environment to develop proficiency with information technology tools and concepts. Needs assessment and systems analysis; relational database applications; Web research and site development; on-line surveys and server-side processing of data; data manipulation and analysis with spread-sheets and statistical software; presentation via paper, Web, and electronic slide shows.

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 required.

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 problems, including air, water, and land pollution. Emphasis on analyzing the individual incentive patterns that lead to pollution, and cost-effective regulatory structures that can reduce it. Includes domestic and international issues.

263 Natural Resource Economics (SB)
(1st sem)

Economic analysis of natural resource use and conservation, including minerals, forests, fisheries, wildlife, land, and outdoor recreation economics. Focuses on resource use patterns that are socially efficient and sustainable, and institutional arrangements for bringing these about.

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 (1st 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. Prerequisite: RES EC 102 or ECON 103.

312 Introductory Econometrics (2nd sem)

Basic concepts in regression analysis and econometric methods. Application of methods to real world data; emphasis on application through use of econometric software and microcomputers. Computer labs required. Students undertake research projects. Prerequisites: RES EC 102 and 211/212 or equivalent, RES EC 197A.

313 Quantitative Methods in Applied Economics (1st sem)

Introduction to contemporary quantitative methods as applied to production, marketing and resource management problems in both a private and public setting. Linear programming and decision making under uncertainty. Prerequisite: RES EC 211 or equivalent.

324 Small Business Finance (2nd sem)

Use of accounting statements for management purposes, and in developing financial plans. Planning, investment decision making, and sources of financing. Basic accounting and statistics desirable.

340 Ethics and the Consumer

Decisions made every day by management in organizations of every kind, the various issues associated with ethical decision making, and how the consumer of services and products is affected. How these decisions are reached. Prepares students to make more responsible decisions on matters affecting themselves and others.

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 and home delivery formats. Emphasis on the use of information technology in food distribution channels and future trends. Prerequisite: ECON 103 or RES EC 102.

350 Family Economic Issues through the Life Course

Dynamics of the economic decisions and behaviors of individuals and families as they are influenced by the demographic, social, and psychological changes of their needs throughout the life course.

360 Personal and Family Finance (1st sem)

Factors influencing decisions on acquiring and using income; management of resources and budgeting to achieve realistic goals for individuals and families. Honors Colloquium offered.

362 Consumer Protection and Legislation (2nd sem alt yrs)

Basic issues in seller-consumer relationship. Analysis of consumer legislation; its economic and social impact.

390A Economics of Contemporary Information Technology (1st sem)

Analysis of economic problems presented by the rise of the Internet. Includes study of economic issues in managing the Internet, the impact of the Internet on markets and the macro economy, study of content markets, and the impact of the Internet on economic development. 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. Topics include: production economics, demand analysis, forecasting, statistical cost analysis, pricing, and promotional strategies. Prerequisites: RES EC 305 or ECON 203, and quantitative methods.

452 Industrial Organization in Resource Economics (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 in Private Markets
(2nd sem)

Rationale and structure of public policies that affect the operation of private markets in the U.S., with special emphasis on consumer goods industries. Focus on antitrust and competition policies (e.g., those covering collusive restraints of trade, monopolization, and mergers) and on policies that affect product quality and information (e.g., product standards, regulation of advertising and labeling). Extensive use of cases and examples in class and homework. Prerequisite: RES EC 452 or consent of instructor.

460 Family in Economic Systems
(2nd sem alt yrs)

Interrelation of the national economy and family economy. Income, expenditures, levels and standards of living and welfare. Programs for improving economic well-being of families. Honors Colloquium offered.

466 Family Financial Analysis

Analysis of families' use of financial resources. Includes topics such as credit problems, investments, debt, financial counseling, and financial planning.

470 Family Policy: Issues and Implications (2nd sem alt yrs)

Identifies major policy issues and evaluates these in terms of impact on the family and services provided to the entire population in need, including the non-poor. Highly individualized to student area of interest. Oral and written presentation including "family impact" statement on topic of student choice. Honors Colloquium offered.

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: ECON 203 or RES EC 305 or consent of instructor.

472 Advanced Topics in Resource and Environmental Economics (1st sem)

Topics may include: the design of environmental and natural resource policies, particularly incentive-based policies; the analysis and control of environmental risks; cost-benefit analyses of specific environmental policies; critiques of cost-benefit analysis, international environmental cooperation; environmental and natural resource policy in the developing world; sustainability, and the conservation of biodiversity. Prerequisite: RES EC 305 or ECON 203.

497A Experimental Economics (2nd sem)

An introduction to the use of laboratory experiments to better understand economic behavior. Topics include experimental design; markets and auctions; market mechanism design; bargaining; public goods, externalities and common-pool resources. Prerequisite: RES EC 102 or equivalent.

Resource Economics | Courses | Faculty