Classes in AREC
| AREC200 | The Chesapeake Bay Ecosystem: Intersection of Science, Economics, and Policy (3 credits) | ||||
A Marquee Science and Technology Course designed for Non-Science Majors: http://www.marqueecourses.umd.edu/* Click here for more Marquee course information. | |||||
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| AREC240 | Introduction to Economics and the Environment (4 credits) | ||||
| 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. | |||||
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| AREC365 | World Hunger, Population, and Food Supplies (3 credits) | ||||
| 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. | |||||
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| AREC382 | Computer-Based Analysis in Agricultural and Resource Economics (3 credits) | ||||
| Prerequisites: MATH111/STAT100 or equivalent; ECON200/AREC240/AREC250 or equivalent. Credit will be granted for only one of the following: AREC182 or AREC382. Formerly AREC 182. 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. | |||||
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| AREC404 | Applied Price Analysis (3 credits) | ||||
| Prerequisite: ECON306. 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. | |||||
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| AREC405 | Economics of Production (3 credits) | ||||
| Prerequisite: ECON306. 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. | |||||
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| AREC427 | Economics of Commodity Marketing Systems (3 credits) | ||||
| Prerequisite: ECON306. 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. | |||||
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| AREC435 | Commodity Futures and Options (3 credits) | ||||
| Prerequisite: ECON306; BMGT230 or ECON321. 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. | |||||
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| AREC445 | Agricultural Development, Population Growth and the Environment (3 credits) | ||||
| Prerequisite: ECON306. 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. | |||||
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| AREC610 | Microeconomic Applications in Agricultural and Resource Markets (3 credits) | ||||
| Three hours of lecture and one and one-half hours of discussion per week. Prerequisite: ECON 603. Applications of graduate level microeconomic analysis to the problems of agricultural and natural resource production and distribution including demand for agricultural output, the nature of agricultural supply decisions, farm labor issues, land rental and acquisition, and exploitation of natural resources. | |||||
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| AREC624 | Applied Econometrics II (4 credits) | ||||
| Three hours of lecture and one and one-half hours of discussion per week. Variations of the standard linear model and simultaneous equations estimation. Application of econometric tools including nonlinear regression, nonlinear simultaneous equations estimation, qualitative econometric models including logit, probit, and tobit models, varying parameters models, unobserved variables, time series models, and model selection procedures. This course is being co-taught by Richard Just, Anna Alberini, and Barrett Kirwan. | |||||
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| AREC645 | Environment and Development Economics (3 credits) | ||||
| Also offered as AREC 845. Credit will be granted for only one of the following: AREC 645 or AREC 845. Considers neoclassical and endogenous growth models; international trade theory; the role of property right institutions and factor markets; the environmental impact of trade liberalization in developing countries and the environmental effects of increasing international capital mobility; empirical studies relating the environment to growth and globalization; and policy analyses. | |||||
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| AREC845 | Environment and Development Economics (3 credits) | ||||
| Also offered as AREC 645. Credit will be granted for only one of the following: AREC 645 or AREC 845. Considers neoclassical and endogenous growth models; international trade theory; the role of property right institutions and factor markets; the environmental impact of trade liberalization in developing countries and the environmental effects of increasing international capital mobility; empirical studies relating the environment to growth and globalization; and policy analyses. | |||||
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