The Department of Applied Economics offers two nationally ranked undergraduate degrees. Both programs balance lower-division course work in the liberal arts with upper-division training in economic theory and the functional areas of business management. Both majors feature a core set of courses in applied economics, mathematics, statistics, and communication. Students augment their program with additional coursework tailored to their own particular interests and abilities.
Through coursework in the Carlson School of Management and the College of Food, Agricultural and Natural Resource Sciences, this program prepares students to pursue business-related careers in food and agriculture. Our students are skilled at applying economic principles to business and management challenges and at making evidence-based decisions to address those problems. Students are prepared to become leaders in the business community with strong critical thinking and communication skills. Students in AFBM have exclusive access to specialized minors in the Carlson School, allowing deep dives into fields such as finance and supply chain management.
Learn more about the Agricultural and Food Business Management major.
The Applied Economics program prepares students to pursue careers that address real-world problems using data and economic principles. These problems come from a wide range of areas, such as world food problems, trade, environment and sustainability, inequality and poverty, and public health and public policy. Students are trained to critically weigh competing pieces of evidence, make sound decisions, and communicate their findings to a range of audiences. Students in APEC are encouraged to pursue minors in related fields in CFANS, CLA, CEHD, and other colleges at the University of Minnesota.
Learn more about the Applied Economics major.
To declare a minor, please fill out the Add/Drop a CFANS Minor form online. You may wish to consult with the Agricultural & Food Business Management Major Coordinator, the Applied Economics Major Coordinator, or your academic advisor regarding selection of elective courses, but this is not required.
This minor is designed for undergraduate students who want to include courses in business management (such as marketing, finance, entrepreneurship) to enhance and/or supplement courses in their major program and prepare for careers in industry or a graduate business program. The Agricultural and Food Business Management minor has a microeconomic, firm and industry-level focus.
Learn more about the Agricultural and Food Business Management minor.
Applied Economics involves the application of economic theory and empirical methods to examine a wide range of topics in different areas of economics such as agricultural economics, economic education, development economics, economic growth, labor economics and public economics. It also seeks to explain the impacts of public policies in these areas. The Applied Economics minor is for students who want to include a basic core of APEC coursework to enhance or supplement their major program.
Learn more about the Applied Economics minor.