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Course Criteria
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3.00 Credits
II. 3 Hr. Consumer demand economics applied to environmental, natural resource, and agricultural issues; analysis of factors that influence demand and determine prices; special applications to non-market, environmental, and natural resource amenities.
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3.00 Credits
I. 3 Hr. Production economics applied to agricultural, environmental, and resource issues; production, multiple-product, and cost functions, and joint production; effects of environmental and natural resource management regulations on the production process.
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3.00 Credits
3 Hr. PR: ARE 150. Application of basic quantitative concepts and methods applied to agribusiness and natural resources. Topics include applied economics, statistics, mathematics, and financial concepts and decision-making tools for determining optimum allocation of resources for production processes.
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3.00 Credits
I. 3 Hr. PR: (ARE 401 and ARE 402) or ECON 301 or Consent. Economic analysis of natural resource and environmental problems; management of renewable and non-renewable resources and environmental amenities; market failure, externalities, benefit-cost and risk analysis; property rights and the "taking" issue.
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3.00 Credits
I. 3 Hr. Economic trends, development policies, and analysis of rural economies in the United States. Rural diversity, development concepts, rural planning, public programs and policies, and community analysis methods.
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3.00 Credits
I, II. 3 Hr. PR: ECON 201 and ECON 202. The problems, changes and principal policy issues faced by nonindustrialized countries.
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3.00 Credits
I. 3 Hr. History, principles, organization, management, taxation, and legal aspects of agricultural, marketing, supply and service cooperatives in the U.S. Development of non-agricultural cooperatives. (Offered in fall of odd years.)
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4.00 Credits
4 Hr. PR: ARE 110 and ARE 204 or consent. Introduction to concepts, methods and strategies involved in starting a successful small private enterprise in a rural area: assessing a community for enterprise opportunities, identifying and developing an enterprise idea, and preparing an enterprise plan.
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3.00 Credits
II. 3 Hr. Organization, functions, and analysis of the agricultural marketing system. Food consumption, exports, price analysis, marketing costs, market power, commodities futures market, food safety, and government regulations.
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3.00 Credits
I. 3 Hr. Livestock marketing practices and policies. Supply and demand, livestock price cycles, grading, marketing alternatives, processing and retailing. Economic analysis of alternatives, current issues, and trends. (Offered in fall of even years.)
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