AREC 121 DISCOVERING AGRIBUSINESS AND AGRICULTURAL ECONOMICS (2)
Explore issues, opportunities, and challenges in the dynamic and diverse employment field of agricultural economics. Case studies and field trips. Emphasizes problem solving skills needed in today's agribusiness industry.
PREREQS:
Freshman or sophomore standing: new major or minor.
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AREC 199 SPECIAL TOPICS (1-4)
Targeted courses that focus on specific topics in agricultural and resource economics. Topics may vary from term to term and from year to year. May be repeated for credit when topics differ.
This course is repeatable for a maximum of 8 credits.
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AREC 211 MANAGEMENT IN AGRICULTURE (4)
Economic and business principles applied to the management of agribusiness firms, including farms and ranches; goal-setting and management information; planning and decision-making tools; acquiring, organizing, and managing land, labor, and capital resources.
PREREQS:
ECON 201
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AREC 221 MARKETING IN AGRICULTURE (3)
Organization and functions of domestic and international markets; market channels for various agricultural commodities; role of agribusiness, cooperatives, and government in marketing decisions.
PREREQS:
ECON 201
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AREC 250 INTRODUCTION TO ENVIRONMENTAL ECONOMICS AND POLICY (3)
Examines how economic forces and social institutions cause environmental degradation and help build management solutions. Explains key economic concepts for valuing environmental resources and evaluating the trade-offs of alternative management approaches from private markets to regulation. Applies the concepts and theories to topical environmental issues such as water pollution and conserving biodiversity. (Bacc Core Course)
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AREC 253 ENVIRONMENTAL LAW, POLICY, AND ECONOMICS (4)
A general introduction to federal environmental law and policy in the U.S. Familiarizes students with basic legal institutions and concepts of the American legal system, outlines the transition of environmental policy from its common law roots to its modern administrative law form, and gives an overview of the major federal environmental statutes. Relationships among legal theory and process and economic principles are emphasized. (Bacc Core Course)
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AREC 299 SPECIAL TOPICS (1-4)
Targeted courses that focus on specific topics in agricultural and resource economics. Topics may vary from term to term and from year to year. May be repeated for credit when topics differ.
This course is repeatable for a maximum of 8 credits.
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AREC 300 APPLIED ECONOMIC ANALYSIS (3)
An intermediate level primer of microeconomic principles focusing on consumption and production theory and its application in the agriculture industry. The course serves as a bridge between principles of economics and intermediate economic theory courses. Both abstract and mathematical formulations of economic principles are emphasized.
PREREQS:
(ECON 201 or ECON 201H or AREC 250) and MTH 241
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AREC 311 INTERMEDIATE MICROECONOMIC THEORY I (4)
An examination of the theories of consumer behavior and demand, production cost, the firm, supply, and competitive and monopoly market structures. CROSSLISTED as ECON 311.
PREREQS:
ECON 201 and ECON 202 and (MTH 241 or MTH 251)
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AREC 312 INTERMEDIATE MICROECONOMIC THEORY II (4)
Examination of the theories of imperfect competition, input markets, general equilibrium and welfare economics. CROSSLISTED as ECON 312.
PREREQS:
AREC 311
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AREC 351 NATURAL RESOURCE ECONOMICS AND POLICY (3)
Application of principles of economics to identify the causes, consequences, and ways of dealing with natural resource problems, including problems associated with fisheries, forests, water resources, and land. Conceptual topics and policy applications. Emphasis is on developing students' skill in applying an economic way of thinking about natural resource management. (Bacc Core Course)
PREREQS:
(AREC 250 or ECON 201 or ECON 201H)
and
MTH 111
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AREC 352 ENVIRONMENTAL ECONOMICS AND POLICY (3)
Analysis of the interrelationships between economic activity, government policies, and the environment; benefits and costs of economic growth; economics of environmental quality and the social costs of pollution. Three to five case studies selected by the instructor introduce students to the way economists analyze environmental policies. CROSSLISTED as ECON 352. (Bacc Core Course)
PREREQS:
ECON 201
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AREC 353 PUBLIC LAND STATUTES AND POLICY (4)
Policies guiding the homesteading and economic development of the western states; laws and policies guiding the regulation and use of water, grazing, timber, and mineral resources. The significance of the Prior Appropriations Doctrine beyond its familiar role in water law and policy is emphasized. Not offered every year.
PREREQS:
ECON 201
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AREC 370 AGRICULTURAL MARKETS AND TRADE (3)
Economics of agricultural markets; price determining forces; price discovery methods; international trade; agricultural trade policies. Not offered every year.
PREREQS:
AREC 221 and (AREC 300 or AREC 311)
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AREC 371 TOPICS IN GLOBALIZATION (1)
Surveys current economics issues associated with globalization.
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AREC 372 AGRICULTURAL COOPERATIVES (2)
A primer on agricultural cooperatives including such topics as principles of membership and business control, management perspectives, and relationships and linkages between cooperatives. Field trip. Graded P/N.
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AREC 382 FARM AND RANCH APPRAISAL (4)
An introduction to appraisal of rural real estate, including methods of valuing property, different types of appraisals, and preparation and interpretation of an appraisal report. Not offered every year.
PREREQS:
(ECON 201 or AREC 250) and AREC 211
and
or instructor approval.
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AREC 388 AGRICULTURAL LAW (4)
Application of legal principles to business decision making in farming, ranching, and the agricultural support industry. Consideration of the obligations arising out of contract, tort, property, water, public land, and natural resource law. Not offered every year.
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AREC 399 SPECIAL TOPICS (1-4)
Targeted courses that focus on specific topics in agricultural and resource economics. Topics may vary from term to term and from year to year. May be repeated for credit when topics differ.
This course is repeatable for a maximum of 8 credits.
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AREC 399H SPECIAL TOPICS (1-4)
Targeted courses that focus on specific topics in agricultural and resource economics. Topics may vary from term to term and from year to year. May be repeated for credit when topics differ.
This course is repeatable for a maximum of 8 credits.
PREREQS:
Honors College approval required.
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AREC 401 RESEARCH AND SCHOLARSHIP (1-16)
This course is repeatable for a maximum of 16 credits.
PREREQS:
Departmental approval required.
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AREC 402 INDEPENDENT STUDY (1-16)
This course is repeatable for a maximum of 16 credits.
PREREQS:
Departmental approval required.
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AREC 403 THESIS (1-16)
This course is repeatable for a maximum of 16 credits.
PREREQS:
Senior standing, departmental approval required.
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AREC 405 READING AND CONFERENCE (1-16)
This course is repeatable for a maximum of 16 credits.
PREREQS:
Departmental approval required.
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AREC 406 PROJECTS (1-16)
This course is repeatable for a maximum of 16 credits.
PREREQS:
Departmental approval required.
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AREC 407 SEMINAR (1-16)
This course is repeatable for a maximum of 16 credits.
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AREC 407H SEMINAR (1-16)
This course is repeatable for a maximum of 16 credits.
PREREQS:
Honors College approval required.
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AREC 408 WORKSHOP (1-16)
This course is repeatable for a maximum of 16 credits.
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AREC 410 INTERNSHIP (1-6)
Practical on-the-job training in agricultural business, marketing, commercial agricultural production, or related private or public organizations. Graded P/N.
This course is repeatable for a maximum of 12 credits.
PREREQS:
Junior or senior standing. Submission and approval of pre-internship work plans. Internship program coordinator approval required.
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AREC 432 ENVIRONMENTAL LAW (4)
Legal relationships arising out of rights to air, water, and land. The impact of federal and state regulation on pollution control and on the production, use, and disposal of hazardous materials.
PREREQS:
Junior standing.
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AREC 434 ENVIRONMENTAL AND RESOURCE ECONOMICS (3)
Examines economic perspectives on the allocation of natural resources and the management of environmental quality, emphasis on the use of economic concepts in the design and evaluation of public policies. (Writing Intensive Course)
PREREQS:
(AREC 311 or ECON 311) and (AREC 312 or ECON 312)
|
AREC 438 EXPLORING WORLD AGRICULTURE (2)
Survey of crop and livestock production in a designated section of the world, including history, culture, and political situation. Course is designed to prepare students for a tour of study area. Not offered every year. CROSSLISTED as ANS 438, CSS 438, HORT 438. Graded P/N.
This course is repeatable for a maximum of 8 credits.
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AREC 441 AGRICULTURAL FINANCIAL MANAGEMENT (4)
Principles of financial management in production agriculture and agribusiness; financial statements, budgets, and capital investment analysis; business organization forms; legal aspects of borrowing; sources and terms of agricultural credit; taxation. EOU campus only.
PREREQS:
AREC 211 and (AREC 300 or AREC 311) and BA 340
|
AREC 442 AGRICULTURAL BUSINESS MANAGEMENT (4)
Application of economic, financial, and strategic management principles to agricultural business with a focus on a case-study framework for analysis and business decision making for alternative business management strategies.
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AREC 447 AGRICULTURAL PRICE AND MARKET ANALYSIS (4)
Price determination for agricultural commodities and factors; quantitative analysis of prices, factors and markets; agricultural market structures, performance, and roles of institutions. Lec/lab.
PREREQS:
(AREC 300 or AREC 311 or ECON 311) and AREC 370 and ST 351.
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AREC 453 PUBLIC LAND AND RESOURCE LAW (4)
Constitutional, administrative, and historical foundations of federal natural resources law and related public policy. Applicable case law emphasizing water, range, mineral, wildlife, and recreation resources. Not offered every year.
PREREQS:
AREC 353
|
AREC 454 RURAL DEVELOPMENT ECONOMICS AND POLICY (3)
Theories of economic change in developed and less-developed economies; natural resource sectors and the development of rural regions, with emphasis on growth, diversification, and instability; resource mobility and the spatial aspects of development; poverty and inequality; rural development policy. Not offered every year.
PREREQS:
AREC 300 or AREC 311
|
AREC 461 AGRICULTURAL AND FOOD POLICY ISSUES (4)
Principles of agricultural and food policy formulation; agricultural adjustment processes; agricultural price and income policies in relation to land use, water, and rural development policies; interrelationships among U.S. and foreign agriculture and trade policies. (Bacc Core Course) (Writing Intensive Course)
PREREQS:
AREC 250 or ECON 201
and
AREC 300 or (AREC 311 or ECON 311)
|
AREC 465 M/AGRICULTURAL FINANCIAL REPORTING AND ANALYSIS (3)
Covers balance sheet, income statement, statement of cash flows, and statement of owner equity, using standards outlined by the Farm Financial Records Task Force. Also the use of ratios to evaluate financial performance.
PREREQS:
AREC 211 and AREC 300 and BA 215 and BA 340
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AREC 467 M/CAPITAL BUDGETING IN AGRICULTURE (1)
Overview of capital budgeting techniques as applied to agribusiness decisions. Specific topics include methods of controlling land, leasing versus buying nonland capital assets.
PREREQS:
AREC 211 and AREC 300 and BA 340
|
AREC 468 M/CROP ENTERPRISE BUDGETING (1)
Develop and calculate the per acre costs and returns of producing a crop enterprise. Includes the costs of owning and operating farm machinery. Distinguish between accountants' and economists' definitions of production costs.
PREREQS:
AREC 211
|
AREC 469 M/LIVESTOCK ENTERPRISE BUDGETING (1)
Develop and calculate the costs and returns of producing a livestock enterprise. Includes the costs of raising breeding animals, as well as owning and operating machinery and livestock facilities. Distinguish between accountants' and economists' definition of production costs.
PREREQS:
AREC 211
|
AREC 470 M/FARM BUDGETING AND PLANNING (1)
The process of planning a farm. Developing long-run whole farm budgets, cash flow planning/budgeting, monitoring and control, and year end analysis.
PREREQS:
AREC 211
and
BA 215
|
AREC 475 M/NEGOTIATION IN BUSINESS AND RESOURCE MANAGEMENT (1)
Understanding the theory and processes of negotiation as it is practiced in a variety of settings. The course covers distributive and integrative bargaining, dealing with the complexities of multi-party and multi-issue negotiations, and ethical issues that arise in negotiations.
PREREQS:
Junior or senior standing.
|
AREC 476 M/AGRICULTURAL PERSONNEL MANAGEMENT (2)
A primer on agricultural personnel management including such topics as economic principles related to agricultural labor/management relations, the hiring process, performance appraisal, wage/benefit compensation, promotion/termination, personnel management from the employer perspective, and personnel management from the employee perspective.
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AREC 499 SPECIAL TOPICS (1-3)
Various topics in agricultural and resource economics of special and current interest not covered in other courses.
This course is repeatable for a maximum of 9 credits.
|
AREC 501 RESEARCH AND SCHOLARSHIP (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 503 THESIS (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 505 READING AND CONFERENCE (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 507 SEMINAR (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 508 WORKSHOP (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 512 MICROECONOMIC THEORY I (4)
Economic theories of consumer behavior and demand, production, cost, the firm, supply, and competitive and monopoly market structures. CROSSLISTED as ECON 512.
PREREQS:
AREC 312 or ECON 312 or equivalent
|
AREC 513 MICROECONOMIC THEORY II (4)
Economic theories of imperfect competition, input markets, general equilibrium and welfare economics. CROSSLISTED as ECON 513.
PREREQS:
AREC 512 or ECON 512
|
AREC 523 STATISTICS FOR ECONOMETRICS (4)
Examines mathematical and statistical topics essential for graduate-level econometric analysis, including matrix algebra, probability and distribution theory (emphasizing joint and conditional distributions), statistical inference, and econometric optimization algorithms. CROSSLISTED as ECON 523.
PREREQS:
MTH 253 and ST 351 and (ST 352 or ECON 424 or ECON 524)
|
AREC 525 ECONOMETRIC METHODS (4)
The use of multiple regression under generalized assumptions, specification problems, introduction to simultaneous equation estimation, the classical linear model using matrices. Emphasis on the analysis of data and communication of findings. CROSSLISTED as ECON 525.
PREREQS:
AREC 523 or ECON 523
and
(ECON 424 or ECON 524) and (AREC 512 or ECON 512)
|
AREC 526 APPLIED ECONOMETRICS (4)
Model building, hypothesis testing, and appropriate estimation procedures including generalized least squares, seemingly unrelated regressions, simultaneous equations, maximum likelihood, and limited dependent variables. Emphasis on applications and interpretation of results. CROSSLISTED as ECON 526.
PREREQS:
AREC 525 or ECON 525
|
AREC 532 ENVIRONMENTAL LAW (4)
Legal relationships arising out of rights to air, water, and rights to air, water, and land. The impact of federal and state regulation on pollution control and on the production, use, and disposal of hazardous materials.
PREREQS:
Graduate standing.
|
AREC 534 ENVIRONMENTAL AND RESOURCE ECONOMICS (3)
Examines economic perspectives on the use and management of natural resources (e.g., fish, wildlife) and environmental quality (e.g., water, air).
PREREQS:
AREC 311
|
AREC 543 APPLIED TRADE ANALYSIS (4)
Introduction to empirical international trade analysis. Topics covered are empirical work on the Ricardian and factor endowment models and models of imperfect competition. Additional topics include trade policy, productivity analysis, and economic integration. Applications will be drawn from a wide range of industries.
PREREQS:
(AREC 512* or ECON 512*) and (AREC 525* or ECON 525*)
and
/or ECON 540
|
AREC 550 ENVIRONMENTAL ECONOMICS (3)
Historical development of environmental management and environmental economics; economics of environmental pollution, including the concept of economic efficiency, the optimal level of pollution, and alternative pollution control approaches; measuring environmental values and damages, including the contingent valuation methods, revealed preference models, and the transfer of such values; the time, discount rates, uncertainty and sustainable development. Not offered every year.
PREREQS:
AREC 512* or ECON 512*
|
AREC 551 NATURAL RESOURCE ECONOMICS (3)
Brief introduction to welfare economics with emphasis on defining economic efficiency, intertemporal efficiency, and other criteria for economic policy; property rights and natural resource use; sources of inefficient allocation of natural resources; benefit-cost analysis with full and limited information; exhaustible resources; renewable resources; conservation and preservation. Not offered every year.
PREREQS:
AREC 512* or ECON 512*
|
AREC 553 PUBLIC LAND AND RESOURCE LAW (4)
Constitutional, administrative, and historical foundations of federal natural resources law and related public policy. Applicable case law emphasizing water, range, mineral, wildlife, and recreation resources. Not offered every year.
PREREQS:
AREC 353
|
AREC 554 RURAL DEVELOPMENT ECONOMICS AND POLICY (3)
Theories of economic change in developed and less-developed economies; natural resource sectors and the development of rural regions, with emphasis on growth, diversification, and instability; resource mobility and the spatial aspects of development; poverty and inequality; rural development policy. Not offered every year.
PREREQS:
AREC 300 or AREC 311
|
AREC 565 M/AGRICULTURAL FINANCIAL REPORTING AND ANALYSIS (3)
Covers balance sheet, income statement, statement of cash flows, and statement of owner equity, using standards outlined by the Farm Financial Records Task Force. Also the use of ratios to evaluate financial performance.
PREREQS:
AREC 211 and AREC 300 and BA 215 and BA 340
|
AREC 567 M/CAPITAL BUDGETING IN AGRICULTURE (1)
Overview of capital budgeting techniques as applied to agribusiness decisions. Specific topics include methods of controlling land, leasing versus buying nonland capital assets.
PREREQS:
AREC 211 and AREC 300 and BA 340
|
AREC 599 SPECIAL TOPICS (1-16)
Various topics in agricultural and resource economics of special and current interest not covered in other courses. May be repeated for credit when topics differ.
This course is repeatable for a maximum of 16 credits.
|
AREC 601 RESEARCH AND SCHOLARSHIP (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 603 THESIS (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 605 READING AND CONFERENCE (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 607 SEMINAR (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 608 WORKSHOP (1-16)
This course is repeatable for a maximum of 16 credits.
|
AREC 611 MATH FOR ECONOMICS (4)
Mathematical concepts necessary for pursuing microeconomic theory at the PhD level: general topology (sets, functions, and cardinality), convex analysis (separation, saddle point, and Kuhn-Tucker theorems), and optimal control theory. CROSSLISTED as ECON 611.
PREREQS:
MTH 254
|
AREC 612 ADV MICRO THEORY: PRODUCTION, CONSUMPTION AND MARKETS (4)
A rigorous development of the theory of production, consumption, and markets, with emphasis on duality. CROSSLISTED as ECON 612.
PREREQS:
(AREC 513 or ECON 513) and (AREC 611 or ECON 611)
and
MTH 254
|
AREC 613 ADV MICROECONOMIC THEORY: GAMES, WELFARE, AND INFORMATION (4)
A rigorous development of the theory of games, general equilibrium, welfare, and information. CROSSLISTED as ECON 613.
PREREQS:
AREC 612 or ECON 612
|
AREC 643 INTERNATIONAL TRADE II (4)
Introduction to empirical applications of modern trade theory. The main topic is empirical work on international trade models that incorporate increasing returns and imperfect competition. Additional topics include economic integration, geography and trade, trade conflicts, and trade and the environment.
PREREQS:
(AREC 526 or ECON 526) and (AREC 513 or ECON 513) and ECON 540
and
(AREC 612 or ECON 612)
|
AREC 651 ADVANCED NATURAL RESOURCE ECONOMICS (3)
Dynamic allocation of scarce exhaustible and renewable natural resources, social versus private decisions; market and non-market considerations; technological change; regulation; dynamics and uncertainty. Not offered every year.
PREREQS:
AREC 513 and AREC 526
|
AREC 652 ADVANCED ENVIRONMENTAL ECONOMICS (3)
Interrelationships of natural resource use and the environment; applied welfare and benefit-cost analysis; externalities and pollution abatement; non-market valuation of resources; property rights; legal and social constraints; policy approaches. Not offered every year.
PREREQS:
(AREC 513 or ECON 513) and (AREC 526 or ECON 526)
|
AREC 653X SPATIAL ECONOMICS OF NATURAL RESOURCES (3)
Introduces the tools of spatial economics--both modeling structure and spatial econometrics--and demonstrates how those tools have been applied to various natural resources. Not offered every year.
PREREQS:
AREC 550 and AREC 551
|
AREC 699 SPECIAL TOPICS (1-16)
Various topics in agricultural and resource economics of special and current interest not covered in other courses.
This course is repeatable for a maximum of 16 credits.
|
2004 Oregon State University
