FRONTIERS IN AGRICULTURAL ECONOMICS 1

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 641

Overview of the economic performance of agriculture in feeding the growing world population. Examines contemporary economic issues in the food sector, along with research methods used in their analysis. Covers production analysis, risk and uncertainty, food demand, market structure, policy and welfare analysis.

AAE/ECON 526

Use of quantitative methods (mathematics, statistics, and optimization) to analyze problems faced by decision makers in natural resources and agriculture. Extensive homework requiring use of quantitative methods via spreadsheet tools to solve problems from an applied decision context.

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 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.