APEC 3071 - Agriculture and Economic Growth in Developing Countries
(3.0 cr; Prereq-1101, 1102, Econ 1101, 1102 or #)
Characteristics and performance of peasant agriculture; potential role of agriculture in economic development, and design of economic policies to achieve agriculture and economic development; role of women in agricultural development.
APEC 3411 - Commodity Marketing
(3.0 cr; Prereq-1101 or Econ 1101; fall, every year)
Economic concepts related to marketing agricultural commodities. Conditions of competitive markets, historical perspectives on market institutions/policy, structural characteristics of markets, policies/regulations affecting agricultural marketing of livestock, crop, and dairy products.
APEC 3451 - Food and Agricultural Sales
(3.0 cr; Prereq-1101 or Econ 1101; spring, every year)
Professional selling of agricultural and food products. Students build/refine sales abilities, identify/qualify prospects, deliver sales presentations, close the sale. Principles of market research.
APEC 3501 - Agribusiness Finance
(3.0 cr; =[FINA 3000, FINA 3001]; Prereq-[[1251 or Acct 2050], 60 cr] or #; fall, every year)
Analysis of financing and investment strategies for agribusiness firms and their effects on liquidity, solvency, and profitability. Analysis of financial institutions, markets, and instruments. Management problems, issues facing financial intermediaries serving agriculture.
APEC 3811 - Principles of Farm Management
(3.0 cr; Prereq-1101 or Econ 1101; spring, every year)
Strategic and operations aspects of farm management; financial analysis, budgeting, strategic management; marketing plan and control; enterprise and whole farm planning and control; investment analysis, quality, risk, and personnel management.
APEC 3821 - Retail Center Management
(3.0 cr; Prereq-[1101 or Econ 1101], [1251 or Acct 2050]; spring, every year)
Management of garden centers, grocery stores, and other retail units selling perishable agricultural products.
APEC 4103 - World Food Problems (C/PE, IP)
(3.0 cr; =[AGRO 4103, CVM 6060, FSCN 4103]; Prereq-jr or sr or grad)
A multi-disciplinary look at problems and possible solutions affecting food production, storage, and utilization in developing countries. Presentations and discussions introduce conflicting views on population, technology, and ethical and cultural values of people in various parts of the world.
APEC 4451W - Food Marketing Economics (C/PE, WI)
(3.0 cr; =[APEC 5451]; Prereq-[[1101 or Econ 1101], Mktg 3001, 60 cr] or #; fall, every year)
Economics of food marketing in the United States. Food consumption trends, consumer food behavior, marketing strategies, consumer survey methodology, food distribution/retailing system. Policy issues related to food marketing. Individual/group projects.
APEC 4481 - Futures and Options Markets
(3.0 cr; =[APEC 5481]; Prereq-[[3001 or Econ 3101], [AnSc 2211 or OMS 1550 or Stat 3011], 60 cr] or #; spring, every year)
Economics of futures/options trading in theory/application. Basis/price relationship in storable/nonstorable commodities. Hedging/commercial use of futures/options contracts. Speculation. Pricing efficiency. Market performances/regulation.
APEC 4501 - Financial Applications
(3.0 cr; Prereq-[3501 or FINA 3001], [1251 or ACCT 2050]; A-F or Aud)
Designing/implementing solutions to financial problems with Microsoft Excel® spreadsheet software. Development of computer-based tools. Interpreting/implementing concepts/theories in economics/finance.
APEC 4821W - Business Economics and Strategy (WI)
(3.0 cr; Prereq-3002, [3501 or FINA 3001], MGMT 3001; spring, every year)
Strategic management for production, processing, wholesaling, retailing, and service. Strategy formulation, implementation, and control. Business plans. Case study analysis.
APEC 5451 - Food Marketing Economics
(3.0 cr; =[APEC 4451W]; Prereq-grad student; A-F or Aud)
Economics of food marketing in the United States. Food consumption trends. Consumer food behavior, expenditure, data collection. Consumer utility models, demand forecasting. Food distribution system. Changes in supply chain, industry structure that serves retail food outlets. Individual/group projects.
APEC 5481 - Futures and Options Markets
(3.0 cr; =[APEC 4481]; Prereq-grad student)
Economic concepts related to futures/options trading. Hedging, speculation.
APEC 5711 - U.S. Agricultural and Environmental Policy
(3.0 cr; Prereq-3001 or Econ 3101)
U.S. agricultural policy in an open world economy; role of private markets and government in regulating supply and demand; income vs. price support, supply controls, environmental constraints, and export protectionism; functioning of markets; roles of public interest groups and future of American agricultural policy.
APEC 5811 - Cooperative Organization
(3.0 cr; Prereq-3001 or Econ 3101 or PA 5021 or #; fall)
Application of economic analysis to cooperative form of organization. Producer/consumer cooperatives used to examine economic issues such as changing market organization, financing, management incentives, taxation, and antitrust regulations. Cooperatives as a tool for economic development.
APEC 8203 - Applied Welfare Economics and Public Policy
(3.0 cr; Prereq-calculus, intermediate econ theory; spring, every year)
Basic concepts underlying measurement of welfare change, problems of market failure and externalities, social welfare functions, and distribution within and across generations. Application of concepts, based on case studies of the environment, returns to research, technical change, and agricultural policy.
APEC 8401 - Consumer Behavior and Policy
(2.0 cr; Prereq-Econ 5151 or [Econ 8001, Econ 8002] or [Econ 8101, Econ 8102] or #; A-F or Aud, fall, every year)
Analytical/empirical treatments of consumer behavior. Household decision making. Demand for quality characteristics. Review of basic consumer theory, policy-related issues, experimental economics, consumer-survey techniques. Types of data available to analyze consumer behavior and household decisions.
APEC 8402 - Information and Behavioral Economics
(2.0 cr; Prereq-[8401, Econ 8001, Econ 8002] or [Econ 8101, Econ 8102] or equiv or #; A-F or Aud, fall, spring, every year)
New theories of consumer behavior that combine economic and psychological models. Influence of information on consumer choice over time and under uncertainty. Expected, nonexpected utility theory, information economics, bounded rationality, prospect theory, choice over time, and rational addiction with applications to empirical work.
APEC 8403 - Demand Analysis and Household Economics
(2.0 cr; Prereq-[8211, 8212, Econ 5151] or [Econ 8001, Econ 8002] or [Econ 8101, Econ 8102] or [Econ 8201, Econ 8202, Econ 8203, Econ 8204] or #; A-F or Aud)
Household/individual behavior. Consumer demand analysis, education, and other issues. Static demand theory/estimation, dynamic demand theory/estimation, equivalence scales, intrahousehold allocation of consumpion, analysis of education issues.
APEC 8801 - Applied Production Theory
(3.0 cr; Prereq-[Econ 8001, Econ 8002, Econ 8003] or [Econ 8101, Econ 8102, Econ 8103] or equiv or #; A-F or Aud, fall, spring)
Aspects of production theory. Axiomatic representations of multi-output technologies. Input, output, and directional distance functions. Cost, revenue, and profit functions and duality. Input/output separability. Jointness/non-jointness in production. Index numbers, measures of efficiency/productivity.
APEC 8802 - Financial Economics
(2.0 cr; Prereq-[8211, Econ 5151] or [Econ 8001, Econ 8002] or #; A-F or Aud, fall, spring, every year)
Major theories of asset pricing under assumptions of uncertainty, competitive markets, and symmetric information. Equilibrium/arbitrage models of financial markets with econometric applications. Pricing/use of derivatives.
APEC 8803 - Marketing Economics
(2.0 cr; Prereq-[Econ 8001, Econ 8002] or [Econ 8101, Econ 8102] or #; A-F or Aud)
Review of market structure, conduct, and performance. Market interdependency over space/time. Product forms. Issues pertaining to market failures/interventions.
APEC 8804 - Managerial Economics
(2.0 cr; Prereq-[8202, Econ 5151] or [Econ 8001, Econ 8002] or [Econ 8101, Econ 8102] or #; Majors must register A-F basis; spring, every year)
Analysis of managerial decisions by organizations and individual entrepreneurs. Application of dynamic programming to investment and resource allocation decisions. Economics of business organization, including boundaries of the firm, mechanisms for vertical coordination, and economic implications of alternative ownership structures. |
