Approved Courses
The following list includes undergraduate courses that have been approved as of June 2010. Courses added after that date do not appear in this list. Courses eliminated after that date may still appear. Not every course is offered regularly. Students should consult the Schedule of Classes at www.testudo.umd.edu to ascertain which courses are actually offered during a given semester.
COURSE NUMBERING SYSTEM
| Number |
|
Eligibility |
| 000-099 |
|
Non-credit course |
| 100-199 |
|
Primarily freshman course |
| 200-299 |
|
Primarily sophomore course |
| 300-399 |
|
Junior, senior course not acceptable for credit toward graduate degrees |
| 386-387 |
|
Campus-wide internship courses; refer to information describing Experiential Learning |
| 400-499 |
|
Junior, senior course acceptable for credit toward some graduate degree |
| 500-599 |
|
Professional School course (Dentistry, Architecture, Law, Medicine) or post-baccalaureate course |
| 600-899 |
|
Course restricted to graduate students |
| 799 |
|
Master Thesis credit |
| 899 |
|
Doctoral Dissertation credit |
Use the search box below to view the approved courses.
Courses in "AREC-Agricultural and Resource Economics"
AREC - Agricultural and Resource Economics
AREC 200 The Chesapeake Bay Ecosystem: Intersection of Science, Economics, and Policy (3)
The Chesapeake Bay is one of the most studied and monitored ecosystems
in the world. To develop effective policies to restore this system to a
healthier status requires integrating what we know about the biological
and physical properties of the system with our understanding of the
human dimension. Issues such as achieving nutrient reduction goals,
restoring healthy blue crab and oyster fisheries in the bay will be used
to demonstrate how economics interacts with science to guide policies
that can be effective in achieving Bay restoration goals.
AREC 240 Introduction to Economics and the Environment (4)
Costs and social impacts of pollution and human crowding in the modern
environment. The economic, legal and institutional causes of these
problems. Public policy approaches to solutions and the costs and
benefits of alternative solutions.
AREC 250 Elements of Agricultural and Resource Economics (3)
An introduction to economic principles of production, marketing,
agricultural prices and incomes, farm labor, credit, agricultural
policies, and government programs.
AREC 306 Farm Management and Sustainable Food Production (3)
The organization and operation of farm businesses are explored through
principles of management, financial analysis, production economics,
marketing, and business planning. These farm management principles are
presented in the context of a sustainable food production system.
AREC 332 Introduction to Natural Resource Policy (3)
Prerequisite: AREC240. Credit only granted for: AREC432 or AREC332.
Formerly: AREC432.
Development of natural resource policy and analysis of the evolution of
public intervention in the use of natural resources. Examination of
present policies and of conflicts between private individuals, public
interest groups, and government agencies.
AREC 345 Global Poverty and Economic Development (3)
Two hours of lecture and one hour of discussion/recitation per week.
This interdisciplinary course explores social and economic development
around the world. Topics include geography, democratization, political
instability and conflict, health and education, agricultural
development, micro-entrepreneurship, and an introduction to impact
evaluation methods used to evaluate the efficacy of public policy aimed
at alleviating poverty.
AREC 365 World Hunger, Population, and Food Supplies (3)
An introduction to the problem of world hunger and possible solutions
to it. World demand, supply, and distribution of food. Alternatives for
leveling off world food demand, increasing the supply of food, and
improving its distribution. Environmental limitations to increasing
world food production.
AREC 382 Computer-Based Analysis in Agricultural and Resource Economics (3)
One hour of lecture and three hours of laboratory per week.
Prerequisite: STAT100 or MATH111; or students who have taken courses
with similar or comparable course content may contact the department.
And AREC240, ECON200, or AREC250; or students who have taken courses
with similar or comparable course content may contact the department.
Credit only granted for: AREC182 or AREC382. Formerly: AREC182.
Analysis of economic data using computer spreadsheets. Exercises
include analyses of forest land shares, farmer willingness to pay, farm
production planning, fisheries management, corn prices, and index
numbers. Analyses features use of cell formulas, spreadsheet functions,
Excel's Data Analysis Tool and Solver. This is a lab course featuring
experimental learning.
AREC 386 Experiential Learning (3-6)
Prerequisite: Permission of AGNR-Agricultural & Resource Economics
department. Restriction: Junior standing or higher.
AREC 388 Honors Thesis Research (3-6)
Restriction: Must be in the AGNR Honors program. Repeatable to 6 credits
if content differs.
Undergraduate honors thesis research conducted under the direction of
an AGNR faculty member in partial fulfillment of the requirements of
the College of AGNR Honors Program. The thesis will be defended to a
faculty committee.
AREC 399 Special Problems (1-3)
Repeatable to 6 credits if content differs.
Concentrated reading and study in some phase of a problem in
agricultural and/or natural resource economics.
AREC 404 Applied Price Analysis (3)
Prerequisite: ECON326 or ECON306; or students who have taken courses
with similar or comparable course content may contact the department.
Restriction: Must be in one of the following programs (Agricultural and
Resource Economics; Environmental Science & Policy-Env Economics;
Agricultural and Resource Economics: Agribusiness) ; or Must be minors
in Agribusiness Economics (#AG01), Environmental Economics and Policy
(#AG02), or Resource and Agricultural Policy in Economic Development
(#AG03). Additional information: Other students will be taken off the
hold file on the first day of class as space allows.
An introduction to the economic analysis of price behavior, with
applications to agricultural commodities. The use of price information
in the decision-making process, the relation and supply and demand in
determining price, and the relation of prices to grade, time, location,
and stages of processing in the marketing system.
AREC 405 Economics of Production (3)
Prerequisite: ECON326 or ECON306; or students who have taken courses
with similar or comparable course content may contact the department.
Restriction: Must be in one of the following programs (Agricultural and
Resource Economics; Environmental Science & Policy-Env Economics;
Agricultural and Resource Economics: Agribusiness) ; or Must be minors
in Agribusiness Economics (#AG01), Environmental Economics and Policy
(#AG02), or Resource and Agricultural Policy in Economic Development
(#AG03).
The use and application of production economics in analysis of firm and
policy decisions. Production functions, cost functions, multiple product
and joint production, and production processes through time.
AREC 425 Economics of Food Sector (3)
Corequisite: Concurrently enrolled in ECON306; or concurrently enrolled
in ECON326; or students who have taken courses with similar or
comparable course content may contact the department. Credit only
granted for: AREC425 or AREC489B. Formerly: AREC489B.
Economic analysis of food sector issues, including food safety,
agricultural biotechnology, and coordination mechanisms in the food
supply chain.
AREC 427 Economics of Commodity Marketing Systems (3)
Prerequisite: ECON326 or ECON306; or students who have taken courses
with similar or comparable course content may contact the department.
Restriction: Must be in one of the following programs (Agricultural and
Resource Economics; Environmental Science & Policy-Env Economics;
Agricultural and Resource Economics: Agribusiness) ; or Must be minors
in Agribusiness Economics (#AG01), Environmental Economics and Policy
(#AG02), or Resource and Agricultural Policy in Economic Development
(#AG03).
Basic economic theory as applied to the marketing of agricultural
commodities. Current developments affecting market structure including
contractual arrangements, cooperative marketing, vertical integration,
and governmental policies.
AREC 433 Food and Agricultural Policy (3)
Prerequisite: ECON326 or ECON306; or students who have taken courses
with similar or comparable course content may contact the department.
Economic and political context of governmental involvement in the farm
and food sector. Historical programs and current policy issues.
Analysis of economic effects of agricultural programs, their benefits
and costs, and comparison of policy alternatives. Analyzes the
interrelationship among international development, agricultural trade
and general economic and domestic agricultural policies.
AREC 435 Commodity Futures and Options (3)
Two hours of lecture and two hours of laboratory per week. Prerequisite:
(BMGT230; or ECON321); and (ECON306; or ECON326). Or students who have
taken courses with similar or comparable course content may contact the
department. Restriction: Must be in one of the following programs
(Agricultural and Resource Economics; Environmental Science & Policy-Env
Economics; Agricultural and Resource Economics: Agribusiness) ; or Must
be minors in Agribusiness Economics (#AG01), Environmental Economics and
Policy (#AG02), or Resource and Agricultural Polcy in Economic
Development (#AG03).
The economics and institutional features of commodity futures and
options markets. Students will develop a basic understanding of the
underlying price relationships between cash and futures markets and
will apply this information to business risk management decision making.
AREC 445 Agricultural Development, Population Growth and the Environment (3)
Prerequisite: ECON326 or ECON306; or students who have taken courses
with similar or comparable course content may contact the department.
Development theories, the role of agriculture in economic development,
the agricultural policy environment, policies impacting on rural income
and equity, environmental impacts of agricultural development.
AREC 453 Natural Resources and Public Policy (3)
Prerequisite: ECON326 or ECON306; or students who have taken courses
with similar or comparable course content may contact the department.
Rational use and reuse of natural resources. Theory, methodology, and
policies concerned with the allocation of natural resources among
alternative uses. Optimum state of conservation, market failure, safe
minimum standard, and cost-benefit analysis.
AREC 454 The Economics of Climate Change (3)
Prerequisite: ECON326 or ECON306. Restriction: Must be in one of the
following programs (Agricultural and Resource Economics; Environmental
Science & Policy-Env Economics; Agricultural and Resource Economics:
Agribusiness) ; or Must be minors in Agribusiness Economics (#AG01),
Environmental Economics and Policy (#AG02), or Resource and Agricultural
Policy in Economic Development (#AG03). Credit only granted for: AREC454
or AREC489C. Formerly: AREC489C.
The role of economics in the formation of climate policy; basic concepts
of environmental economics including efficiency, externalities, and
policy instruments; economic models of intertemporal decisions and
decision making in the face of uncertainty. Applied economic analysis of
specific issues and current policy initiatives.
AREC 455 Economics of Land Use (3)
Prerequisite: ECON326 or ECON306; or students who have taken courses
with similar or comparable course content may contact the department.
Fundamentals of location theory. Microeconomics of land use decisions,
including determination of rent and hedonic pricing models. Impacts of
government decisions on land use, including regulation (e.g., zoning),
incentives (transferable development rights), provision of public
services, and infrastructure investments. Impacts of land use on
environmental quality, including issues relating to sprawl, agricultural
land preservation, and other topics of special interest.
AREC 489 Special Topics in Agricultural and Resources Economics (3)
Repeatable to 9 credits.
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