APPLIED ECONOMIC DATA ANALYSIS

AAE 670

The fundamental mathematics and statistics necessary for the study of quantitative methods in agricultural and applied economics (AAE). Topics include the mathematics of optimization and its role in basic welfare theory and consumer demand; linear and matrix algebra and their application in both modeling consumer behavior and the statistical analysis of models; and the fundamentals of statistical analysis relevant to econometric analysis, including probability theory, sampling distributions and statistical inference.

AAE 722

The basic methods, implementation and applications of machine learning for understanding contemporary economic issues using large data sets. Building upon understanding of standard econometric models, the topics include data mining techniques; regression model selection and regularization; post selection inference and economic applications; tree-based methods; neural networks; random forests and casual inference; and unsupervised learning.

AAE 706

Conceptual empirical analysis of economic behavior under risk and its implications for management and policy decisions. Emphasis on economic applications to the agricultural and food sector.

AAE 737

Prepares students for their own empirical work by examining contemporary econometric techniques as they are used in development, environment and natural resources, and agricultural economics. Guides students through a selection of applied models using past and current research as examples. By hearing lectures and working through papers, problem sets, replication exercises, and/or research projects, students will develop a deeper understanding of the many facets of empirical research in economics.

AAE 718

Introduction to data and data processing using both Python and R programming languages. Concepts covered include loading data, data acquisition, cleaning data, visualization/exploring data, and storing data.