AGEC - Agricultural Economics

Cathy Roheim, Dept. Head, Dept. of Agricultural Economics and Rural Sociology (39A Iddings Wing, Ag. Sc. Bldg. 83844-2334; phone 208/885-6264).

AGEC 101 The Business of Agriculture

AgEc 101 The Business of Agriculture (1 cr)

This course is intended for first-year students majoring in Agribusiness or Agricultural Economics. An examination of current issues in agriculture and how economic and business principles can be used to analyze issues, and career opportunities in the discipline.

AGEC 105 Survey of Agribusiness

AgEc 105 Survey of Agribusiness (1-3 cr, max 3)

Introduction to agribusiness management and consumer economics in the free enterprise system. Incorporates a study of economic principles, budgeting, record keeping, finance, decision making, risk management, business law, marketing, and careers in agribusiness, and allows the student to develop and practice agribusiness sales competencies. Course will be offered for 1 credit in the Fall and 2 in the Spring.

AGEC 204 Special Topics

AgEc 204 (s) Special Topics (cr arr)

AGEC 278 Farm and Agribusiness Management

AgEc 278 Farm and Agribusiness Management (4 cr)

Decision making and profit maximization using economic principles, records, enterprise analysis, and comparison of alternative farming practices. Three lec and one 2-hr lab a wk. Recommended Preparation: Econ 202.

AGEC 289 Agricultural Markets and Prices

AgEc 289 Agricultural Markets and Prices (3 cr)

Economics of agricultural markets and pricing institutions; analysis of supply, demand, elasticity, futures markets; institutional arrangements in food marketing. Recommended Preparation: Econ 202.

AGEC 299 Directed Study

AgEc 299 (s) Directed Study (cr arr)

AGEC 301 Managerial Economics: Production

AgEc 301 Managerial Economics: Production (3 cr)

Microeconomic principles applied to agricultural production and the management of agribusiness firms with an introduction to spreadsheet based statistical, mathematical and optimization techniques for analyzing and solving real world management problems.

Prereq: Econ 202 or Econ 272; and Math 143 with a grade of 'C' or better

AGEC 302 Managerial Economics: Consumption & Markets

AgEc 302 Managerial Economics: Consumption & Markets (3 cr)

Microeconomic principles applied to agricultural markets and consumer demand, with an introduction to spreadsheet based statistical and forecasting tools for analyzing associated real world pricing and consumer demand concerns facing managers of agribusiness firms.

Prereq: Econ 202 or Econ 272; and Math 143

AGEC 303 Principles of Agricultural Economics

AgEc 303 Principles of Agricultural Economics (1 cr)

Review, discussion and application of basic economic, agribusiness, and natural resource principle as applied to the agricultural economics profession. The principles are reviewed in a game show format. Students will have an opportunity to attend the American Agricultural Economics Association annual meetings and test their knowledge of these principles with students from other universities. Recommended preparation: AgEc 301 and AgEc 302. (Spring only)

Prereq: AgEc 101 and AgEc 278; and Econ 272 or Econ 201 and Econ 202

AGEC 330 Agricultural Cooperatives

AgEc 330 Agricultural Cooperatives (1 cr)

Introduction to the historical basis for the formation and existence of agricultural cooperatives, the principles and policies under which they operate, and an examination of the current environment facing agricultural cooperatives. (Spring Only)

Prereq: Junior standing.

AGEC 333 Introduction to Sales

AgEc 333 Introduction to Sales (3 cr)

Introduction to the economic and consumer behavior theory of the sales industry. Fundamentals of professional business-to-business selling, business-to-consumer selling, sales ethics, and career assessment. (Spring only)

AGEC 356 Agricultural and Rural Policy

AgEc 356 Agricultural and Rural Policy (3 cr)

Goals, methods, results of economic programs and policies in agriculture, including role of governmental and farm organizations. Recommended Preparation: Econ 201 and 202.

AGEC 398 Internship

AgEc 398 (s) Internship (1-6 cr, max 6)

Graded P/F.

Prereq: Permission

AGEC 404 Special Topics

AgEc 404 (s) Special Topics (cr arr)

AGEC 405 Professional Development

AgEc 405 (s) Professional Development (cr arr)

AGEC 410 Experiencing the Idaho Public Policy Making Process

AgEc 410 Experiencing the Idaho Public Policy Making Process (1 cr)

Assessment of policy topics currently facing the agricultural industry. Students will travel to Boise while the legislature is in session to become familiar with the policy making process and to discuss current policy issues with industry and legislative officials. Three, three hour evening classes. (Spring Only)

Prereq: AgEc 356 or permission

AGEC 411 The World of International Agribusiness

AgEc 411 The World of International Agribusiness (1 cr)

Draws on the experience and wisdom of practitioners of international businesses engaged in various fields of agriculture. Examination of current trade practices and issues. (Fall only)

Prereq: Junior standing

AGEC 413 Management of Human Resources in Agribusiness Firms

AgEc 413 Management of Human Resources in Agribusiness Firms (1 cr)

Processes involved in the management of the human resources of organizations and the study of the personal attributes and behaviors associated with successful managers. Five week course. Three hours of lec per week. (Fall Only)

Prereq: Junior standing

AGEC 414 Financial Analysis of Agricultural Firms

AgEc 414 Financial Analysis of Agricultural Firms (3 cr)

Applying cost analysis and three financial statements analysis to the management of an agricultural business. Evaluating relative performance of agricultural firms by using financial ratios, ride-on investment evaluation (by employing Net Present Value and Internal Rate of Return), leasing vs. buying, and financial modelling (proforma statement) for agricultural firms. Examination of cost and accrual based income statement for tax and management decisions. Create a cash flow statement for agricultural firms based on the income and balance sheet statements. Three hours of lec per week. (Fall Only)

Prereq: Acct 201 and AgEc 278, or permission

AGEC 415 Entrepreneurial Skills in Agribusiness Management

AgEc 415 Entrepreneurial Skills in Agribusiness Management (1 cr)

An examination of fundamental entrepreneurial responsibilities of managers in agricultural and natural resource based firms. Identification and development of business goals, tactical and strategic plans, environmental assessment, and decision-making. Five week course. Three hours of lec per week. (Fall Only)

Prereq: AgEc 278 or permission

AGEC 418 Developing Negotiation Skills in Agribusiness

AgEc 418 Developing Negotiation Skills in Agribusiness (1 cr)

Understanding the art and science of securing agreements between two or more independent parties by managing interdependence, engaging in mutual adjustment, creating or claiming value, and managing conflict. (Spring only)

Prereq: Junior or Senior standing

AGEC 419 Development and Analysis of Enterprise Budgets

AgEc 419 Development and Analysis of Enterprise Budgets (1 cr)

Examination of accounting and economic costs and their importance in enterprise cost analysis. Identification and allocation of operating and ownership costs to enterprises. Introduction to software packages used in the development of cost and return estimates. (Spring only)

Prereq: AgEc 278 or Permission

AGEC 447 International Development Economics

AgEc 447 International Development Economics (3 cr)

Gen Ed: International

See Econ 447.

AGEC 451 Applied Environmental and Natural Resource Economics

AgEc 451 Applied Environmental and Natural Resource Economics (3 cr)

Economic analysis of current issues pertaining to environmental and natural resources. Economic tools will be applied in the contexts of climate change, valuation of the environment, sustainable development, energy, water, environmental risk, etc. Specific cases used to describe economic theories and tools used by experts working in the field.

Prereq: AgEc 301, AgEc 302, or Econ 385; or Permission

AGEC 477 Law, Ethics and the Environment

AgEc J477/J577 Law, Ethics, and the Environment (3 cr)

AgEc 577 same as EnvS 577. Examines the laws and related ethical questions pertaining to agricultural and natural resource issues. Graduate credit includes special projects and additional discussion meetings. Recommended Preparation: BLaw 265.

Prereq for 477: Junior standing

Prereq for 577: Graduate standing and For 235, Core 106, or PolS 364; or Permission

AGEC 478 Advanced AgribusinessManagement

AgEc 478 Advanced Agribusiness Management (3 cr)

Gen Ed: Senior Experience

The capstone class for Agribusiness and Agricultural Economic students. Economics and agribusiness theory is put into practice through decision cases and agribusiness simulation games. Team building, written, and oral presentation skills are stressed. (Spring Only)

Prereq: AgEc 301, AgEc 302, Acct 201, Acct 202, and Senior standing; or permission

AGEC 481 Agricultural Markets in a Global Economy

AgEc 481 Agricultural Markets in a Global Economy (3 cr)

Gen Ed: International

Analysis of agricultural market competition and performance in a global economy; economics of global food and commodity markets and trade; economic principles applied to interaction of economic events in the world food economy.

Prereq: AgEc 301 or Econ 352 or permission

AGEC 486 Regional Economic Development Theory

AgEc J486/J586 Regional Economic Development Theory (3 cr)

Theory course in the explanation and causes of regional economic growth and community development. Topics include land economics, transportation models, central place theory, location theory, agglomeration, economic base theory, and economic growth theory. Additional projects/assignments required for graduate credit. Recommended Preparation: Introductory Microeconomics and Macroeconomics or Introduction to Bioregional Planning. (Spring only)

AGEC 489 Understanding and Using Futures and Options Markets

AgEc 489 Understanding and Using Futures and Options Markets (3 cr)

How futures and options markets work, types of futures and options markets, a practical understanding of their role as investment and risk management tools, and individual student management of a simulated futures and options trading account.

Prereq: Math 143 or higher, and Econ 202 or Econ 272

AGEC 489L Applied Commodity Market Analysis Lab

AgEc 489L Applied Commodity Market Analysis Lab (1 cr)

The lab builds upon agricultural marketing risk-management concepts introduced in AgEc 489 -- "Understanding and Using Futures and Options Markets". Students will develop spreadsheets containing historical supply and demand data along with actual cash and futures price series on chosen commodity sectors. Appropriate tools and methodologies will then be applied to analyze historical patterns, parameters, basis, seasonality and charting techniques. Lab material coverage will coincide with homework assigned in AgEc 489. Dataset, analytical tools, and actual futures trading platform will then be utilized to develop an applied risk-management hedging program.

Coreq: AgEc 489

AGEC 497 Teaching Ag Econ/Agribusiness

AgEc 497 Teaching Ag Econ/Agribusiness (1-3 cr)

Supervised class observation and course preparation, and an opportunity to present one or several lectures in specific agribusiness and agricultural economics areas. Incorporates learning and teaching methods applied in professional settings; may include advanced practices for competitions, field or lab activities, and client interactions. Max enrollment 5. Recommended preparation: senior standing.

Prereq: Permission

AGEC 498 Internship

AgEc 498 (s) Internship (cr arr)

AGEC 499 Directed Study

AgEc 499 (s) Directed Study (cr arr)

AGEC 500 Master's Research and Thesis

AgEc 500 Master's Research and Thesis (cr arr)

AGEC 501 Seminar

AgEc 501 (s) Seminar (cr arr)

AGEC 502 Directed Study

AgEc 502 (s) Directed Study (cr arr)

AGEC 504 Special Topics

AgEc 504 (S) Special Topics (cr arr)

AGEC 505 Professional Development

AgEc 505 (s) Professional Development (cr arr)

AGEC 506 Faculty Seminar Series

AgEc 506 Faculty Seminar Series (0 cr)

Focus on current issues impacting agriculture, natural resources, and community development though seminars introducing research occurring in the department.

AGEC 525 Master's Econometrics

AgEc 525 Master's Econometrics (3 cr)

Same as Stat 525. Multivariate linear regression and analysis of variance with economic applications. Cooperative: open to WSU degree-seeking students.

Prereq: Stat 431 or equivalent; or Permission of Instructor

AGEC 526 Master's Microeconomics Analysis

AgEc 526 Master's Microeconomics Analysis (3 cr)

Master-level, calculus-based producer and consumer theory with selected managerial economics topics. Cooperative: open to WSU degree-seeking students. (Fall only)

Prereq or Coreq: Econ 527 or Permission

AGEC 527 Mathematics for Economists

AgEc 527 Mathematics for Economists (3 cr)

Same as Econ 527. Mathematical methods applicable to economic analysis and research. Additional projects/assignments required for graduate credit. AgEc 527 is a cooperative course available to WSU degree-seeking students. (Fall only)

Prereq: Econ 352 and Math 160 or Math 170

AGEC 529 Research Methods

AgEc 529 Research Methods (1-2 cr) Social science Master's thesis as a research journey toward craftsmanship including elements of imagination, modeling, mindfulness, guidelines, and mentor experiences. Cooperative: open to WSU degree-seeking students.

Prereq: Graduate standing and Permission

AGEC 532 Natural Resource Economics and Policy

AgEc 532 Natural Resource Economics and Policy (3 cr)

Economic principles and models applied to natural resource problems, issues, and policies. Cooperative: open to WSU degree-seeking students. (Spring Only)

Prereq: Econ 352 or Permission

AGEC 533 International Trade and Policy

AgEc 533 International Trade and Policy (3 cr)

International trade theories and policies and research issues related to world trade, with emphasis on agricultural commodity markets. Cooperative: open to WSU degree-seeking students. (Spring Only)

Prereq: Econ 446, AgEc 481, or Permission

AGEC 534 Production Economics

AgEc 534 Production Economics (3 cr)

Production economics theory and methods applied to problems of production response, economic optimization, technology, policy, risk and dynamics. Cooperative: open to WSU degree-seeking students.

Prereq: AgEc 526 or Permission

AGEC 535 Applied Industrial Organization

AgEc 535 Applied Industrial Organization (3 cr)

Economic and strategic management theories and their relevance to agribusiness decision-making, including empirical applications. Cooperative: open to WSU degree-seeking students. (Fall only)

AGEC 577 Law, Ethics and the Environment

AgEc 577 Law, Ethics, and the Environment (3 cr)

See AgEc J477/J577.

AGEC 586 Regional Economic Development Theory

AgEc 586 Regional Economic Development Theory (3 cr)

See AgEc J486/J586.

AGEC 587 Regional Economic Development Methods

AgEc 587 Regional Economic Development Methods (3 cr)

Methods course in the tools of regional economics and community development. Topics include Community Economic Profiling, Input-Output Analysis, Social Accounting, General Equilibrium Analysis, Social Benefit-Cost Analysis, and Non-Market Valuation. Cooperative: open to WSU degree-seeking students. (Fall only)

Prereq: AgEc 586 or Permission

AGEC 597 Applied Economics Teaching Practicum

AgEc 597 Applied Economics Teaching Practicum (1-3 cr)

Graded Pass/Fail. The teaching practicum is an opportunity for students to improve teaching methods and techniques, and expand professional skills under the guidance of mentors from the AERS faculty. The teaching practicum may include classroom lectures, demonstrations, grading assistance, or other related activities.

AGEC 599 Non-thesis Master's Research

AgEc 599 (s) Non-thesis Master's Research (cr arr)

Research not directly related to a thesis or dissertation.

Prereq: Permission