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Course Criteria
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3.00 Credits
This course focuses on risk problems, measurement, and risk management in production economics and agribusiness supply chains. It introduces the use of stochastic simulation and risk analysis. Illustrated applications build upon those used in agribusiness, logistics, food safety, and finance. Repeatable for credit: No Grade Mode: Standard
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3.00 Credits
Provides a rigorous introduction to graduate-level microeconomic theory. While the specific focus is on the theoretical construct of graduate-level microeconomic models, the broad objective of the class is to lay the foundation for empirical applications in microeconomics. To meet this broad objective, the course covers theory of the firm, consumer theory, market structure, theory of public goods and externalities, and welfare economics.
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3.00 Credits
In this course, students apply microeconomic concepts to strategic issues facing agribusiness firms. Topics include supply and demand drivers, market structure, the economics of scale and scope, the boundaries of the firm, and diversification strategies.
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3.00 Credits
This course explores how firms respond to prices, costs, and risk in their management decisions. Decisions on the structure of contracts, the types of insurance, and vertical integration are affected by these aforementioned factors and are examined in the course.
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1.00 - 3.00 Credits
This professional internship is a directed and evaluated educational work experience in agribusiness or applied economics. Internships can be with private firms, local, state or federal agencies, or non-profit organizations. Prerequisite: Instructor approval Repeatable for credit.
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3.00 Credits
Provides an introduction to applied mathematical programming, operations research, simulation, risk analysis, adaptive management, and other decision theoretic tools used by government policy makers and managers of firms. Additional coursework is required for those enrolled in the graduate-level course. Dual-listed as: APEC 5300 Repeatable for credit: No Grade Mode: Standard
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3.00 Credits
Provides graduate-level introduction to applied regression tools, including: simple and multivariate regression analysis; linear, nonlinear, and qualitative dependent variable models; distributed lags; seemingly unrelated regression; and model specification and validation tests. Prerequisite: Background in statistics and calculus. Cross-listed as: ECN 6330.
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3.00 Credits
Introduction to the legal and regulatory foundations of natural resource policy, with specific attention to water, minerals, rangelands, forests, fish, and off-site impacts of agricultural and industrial production. Topics include externalities, property rights, public goods, public choice, and public trust. Prerequisite/Restriction: ECN 3010 or APEC 4010/ECN 4010 or APEC 5560.
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3.00 Credits
Introduction to the foundations of environmental economics. Adaptation of market mechanisms to ameliorate pollution problems and provide amenity services. Methods for determining the value of nonmarketed goods and services. Topics include economic principles regarding social choice and market exchange, as well as current and historical issues involving pollution, environmental regulation, and the effects of environmental regulation on the profitability of private and public entities. Prerequisite/Restriction: ECN 3010 or APEC 4010/ECN 4010 or APEC 5560 or APEC 6500.
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3.00 Credits
Building on microeconomic theory, models for regional and urban structure and change are explored. Policy decision models based on advances in economic growth and development, economic structure, land-use, public finance, housing, social welfare, and transportation are developed. Additional coursework is required for those enrolled in the graduate-level course. Dual listed as: APEC 5700
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