Agricultural Economics Courses

AEC 219 - Agricultural Economics
Hours: 3
(AGRI 2317) A study of economic principles, with emphasis on their application to the solution of farm, agribusiness, and agricultural industry problems.

AEC 297 - Special Topics
Hours: 1-4

AEC 314 - Farm Management
Hours: 3
Farm Management. Three semester hours. Techniques and procedures used for decision making in the farm business. Determination of optimum enterprise choice, resource combination and techniques of financial management, budgeting, and whole farm/ranch planning.

AEC 316 - Agricultural Marketing
Hours: 3
Agricultural Marketing. Three semester hours. A broad view of marketing; food markets and consumption; marketing functions and institutions. Applications of economic theory to agricultural price estimation, discovery, and determination.

AEC 340 - Agricultural Finance
Hours: 3
Agricultural Finance. Three semester hours. Analysis of capital investments, interpretation of financial statements, capital structure considerations for agricultural firms, farm real estate pricing, and financial intermediation in agriculture.

AEC 347 - Agricultural Price Theory
Hours: 3
Intermediate microeconomic principles with agricultural commodity applications related to market price determination, resource allocations, and government policies.

AEC 360 - Agricultural Law
Hours: 3
Agricultural Law. Three semester hours. Survey of law and legal decisions that impact agriculture including farm and preservation, water rights, pollution abatement standards, workers' rights, externalities, pesticide/insecticide regulation, product inspection, development of legislation, mineral rights and employer liability. Prerequisite: Junior standing.

AEC 380 - Agricultural Statistics
Hours: 3
Agricultural Statistics - Three semester hours Principles and estimation techniques used in the analysis of agricultural data including measures of central tendency and dispersion, probability, sampling, hypothesis testing, analysis of variance, correlation coefficient, and regression. Pre-requisites : Math 141 or Math 175 or Higher Math

AEC 435 - GLB/Agricultural Policy I
Hours: 3
Analytical treatment of historical, recent and current economic problems, and governmental policies influencing American agriculture and rural America. The focus is on developing an historical and conceptual understanding of the economics of agriculture and how public policy has and does influence the nature and performance of American agriculture.

AEC 445 - Natural Resource and Environmental Economics
Hours: 3
This course explores the approach that economists take to environmental and resource problems. It examines both the economic roots of environmental problems and the solutions that economists suggest. The course focuses on questions a policymaker must face in deciding how and when to regulate, including issues of efficiency and distribution.

AEC 455 - Commodity Futures and Options
Hours: 3
The objectives of this course are to understand why futures exchanges and commodity futures contracts exist; understand and be able to forecast basis; understand hedging and be able to design hedging strategies for various commodity producers and users; understand both put and call options and their potential use in a commodity risk management program; and understand the usefulness and shortcomings of fundamental and technical analysis.

AEC 489 - Indst Ag Economics
Hours: 1-4
Independent Study. One to four semester hours. Individualized instruction/research at an advanced level in a specialized content area under the direction of a faculty member. May be repeated when the topic varies. Prerequisite: Consent of department head.

AEC 497 - Special Topics
Hours: 1-4
Special Topics. One to four semester hours. Organized class. May be repeated when topics vary.