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Course Criteria
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3.00 Credits
Credit Hours: 3.00. Research methods, scientific methodology, problem identification, and the nature of policy problems including economic policy readings, case studies, and practice project proposals. Typically offered Spring. 3.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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1.00 Credits
Credit Hours: 1.00. Basic concepts and principles of applied welfare economics including Pareto conditions for welfare maximization; public goods, externalities, and property rights; consumer and producer surplus; theory of the second best; and neoclassical and contemporary theories of income distribution. Concurrent Prerequisite: ECON 51100. Typically offered Spring. 1.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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3.00 Credits
Credit Hours: 3.00. Use of economic theory and quantitative methods to solve problems in price analysis, problem formulation, estimation, forecasting, and model evaluation. Prerequisite: AGEC 65000, ECON 51100. Typically offered Fall. 3.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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2.00 Credits
Credit Hours: 2.00. Principles and practice for analysis of the benefits and costs of public investments. Topics include measures of project worth, choice of the discount rate, analysis of projects with multiple objectives and purposes, identifying and quantifying benefits and costs, applications of consumer and producer surplus in project analysis, treatment of risk and uncertainty, and shadow pricing techniques for project evaluation in developing counties. Concurrent Prerequisite: AGEC 60400; a graduate course in microeconomic theory. Typically offered Spring. 2.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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3.00 Credits
Credit Hours: 3.00. Economic theory and empirical research methods for management of natural resource based production systems. Topics include: analysis of response in crops and livestock production, resource allocation, economics of site specific management, commodity supply and input demand. Concurrent Prerequisite: ECON 51100. Typically offered Summer. 3.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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3.00 Credits
Credit Hours: 3.00. A background in expected utility theory and applications. EUH axioms, risk aversion, utility elicitation, expected utility and moments, stochastic dominance, mean-variance, risk free asset, diversification, single index model, increasing risk, production under risk, programming models and applications. Prerequisite: AGEC 55200, ECON 51100, STAT 51100. Typically offered Fall. 3.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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3.00 Credits
Credit Hours: 3.00. Advanced topics in production economics, including the application of dynamic duality theory, problems of risk and uncertainty, dynamic regression models, and other topics of current interest. Prerequisite: AGEC 61200, 61900, ECON 60700. Typically offered Spring. 3.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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3.00 Credits
Credit Hours: 3.00. Natural resource development and allocation in both static and dynamic contexts. Analysis of scarcity and growth issues, equity considerations, derivation of optimal pricing and depletion rules. Application of advanced production concepts to national resource problems. Prerequisite: AGEC 60400, ECON 51100. Typically offered Fall. 3.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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1.00 - 3.00 Credits
Credit Hours: 1.00 to 3.00. Theory of welfare economics relevant to understanding foundations of benefit-cost analysis and concepts for policy design in areas such as environment, resources, and trade. Applied projects to be selected and analyzed by students. Prerequisite: AGEC 60400, ECON 60700. Typically offered Spring. 1.000 TO 3.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Lecture College of Agriculture College Agricultural Economics Department
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3.00 Credits
Credit Hours: 3.00. Theory and empirical techniques behind numerical general equilibrium analysis. The course is divided into two parts: 1) development of the basic analytical framework and model properties, and 2) in-depth study of selected applications in international trade, price analysis, and resource and environmental economics. Homework assignments involve a mix of qualitative analysis and microcomputer-based computational exercises. Prerequisite: AGEC 60400; Prerequisite: ECON 51100 or 60700. Typically offered Spring. 3.000 Credit Hours Levels: Graduate, Professional, Undergraduate Schedule Types: Individual Study, Lecture College of Agriculture College Agricultural Economics Department
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