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Undergraduate Catalog 2013-2014


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) 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) Prerequisite: STAT100 or MATH111; or students who have taken courses with comparable content may contact the department. And AREC240, ECON200, or AREC250; or students who have taken courses with comparable 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 comparable 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). 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 comparable 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: ECON306 or ECON326; or students who have taken courses with comparable 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 comparable 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 comparable 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) Prerequisite: (BMGT230; or ECON321); and (ECON306; or ECON326). Or students who have taken courses with comparable 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 comparable 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 comparable 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 comparable 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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