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Courses - Spring 2019
AREC
Agricultural and Resource Economics Department Site
AREC326
Intermediate Applied Microeconomics
Credits: 3
Grad Meth: Reg
Prerequisite: ECON200, AREC250, or AREC240; and ECON201. And MATH120, MATH130, MATH136, or MATH140; or must have completed MATH220.
Credit only granted for: ECON306, ECON326, AREC489M, or AREC326.
Formerly: AREC489M.
Deepens and broadens your ability to apply rigorous economic analysis skills to a broad range of problems.
AREC345
Global Poverty and Economic Development
Credits: 3
Grad Meth: Reg, P-F, Aud
GenEd: DSHS, DVUP
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.
AREC360
(Perm Req)
Global Agriculture: Developing Extension Education & Agriculture Technologies in Africa
Credits: 3
Grad Meth: Reg, P-F, Aud
Restriction: Permission of AGNR-Agricultural & Resource Economics department.
The objective of the course is to identify challenges faced by farmers in Nimba County, Liberia, and work collaboratively across borders to discuss these challenges and develop extension education programming that will be implemented in the region in order to empower local farmers. The course is designed to create a paradigm shift for both cohorts of students who will educate and learn from each other in what is now becoming a critical context - the globalized workspace. UMD and LICC students will be grouped together to identify and develop particular thematic areas most needed by local farmers, and then as a cohort create a week-long extension program to be implemented on the ground.
For more course information or to obtain permission to enroll, contact Jill Janofsky at jjanofsk@umd.edu.
AREC365
World Hunger, Population, and Food Supplies
Credits: 3
Grad Meth: Reg, P-F, Aud
CORE: D
GenEd: DVUP
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.
AREC386
(Perm Req)
Experiential Learning
Credits: 3 - 6
Grad Meth: Reg, P-F
Prerequisite: Permission of AGNR-Agricultural & Resource Economics department.
Restriction: Junior standing or higher.
Contact department for information to register for this course.
AREC388
(Perm Req)
Honors Thesis Research
Credits: 3 - 6
Grad Meth: Reg
Contact department for information to register for this course.
AREC399
Special Problems
Credits: 1 - 3
Grad Meth: Reg, P-F, Aud
Contact department for information to register for this course.
AREC405
Economics of Production
Credits: 3
Grad Meth: Reg, P-F, Aud
Prerequisite: ECON326 or AREC326; or students who have taken courses with comparable content may contact the department.
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.
AREC422
Econometric Applications in Agricultural and Natural Resource Economics
Credits: 3
Grad Meth: Reg
Prerequisite: AREC326; or ECON326.
Restriction: Must be in a major within the AGNR-Agricultural & Resource Economics department.
Credit only granted for: ECON422, AREC422, or AREC489F.
Formerly: AREC489F.
The main goal of this course is to equip students with valuable skills in econometrics and data analysis. Specifically, the main goal of the course is to teach you the basics of the theory and practice of econometrics, and to give you experience in estimating econometric models with actual data.
AREC435
Commodity Futures and Options
Credits: 3
Grad Meth: Reg, P-F, Aud
Prerequisite: AREC326; or ECON326; or students who have taken courses with comparable content may contact the department.
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.
AREC454
The Economics of Climate Change
Credits: 3
Grad Meth: Reg, P-F, Aud
Prerequisite: ECON326 or AREC326; or students who have taken courses with comparable content may contact the department.
Credit only granted for: AREC454 or AREC489C.
Formerly: AREC489C.
The role of economics in the formation of climate policy; basic concept 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.
AREC456
Energy and Environmental Economics
Credits: 3
Grad Meth: Reg
Prerequisite: ECON326 or AREC326; or students who have taken courses with comparable content may contact the department.
Credit only granted for: AREC456 or AREC489J.
Formerly: AREC489J.
Economic theory and empirical methods are used to study problems of energy, the environment, and the economy. It examines the extraction, production, and use of energy and market institutions and regulatory approaches used to correct market failures. Topics covered include: oil and natural gas markets, management and design of electricity markets, renewable energy, non-market valuation , climate change, and transportation policies.
AREC481
Environmental Economics
Credits: 3
Grad Meth: Reg, P-F, Aud
Prerequisite: 1 course with a minimum grade of C- from (AREC326, ECON326).
Restriction: Must be in one of the following programs (Agricultural and Resource Economics; Agricultural and Resource Economics: Agribusiness; Environmental Science & Policy-Env Economics; Agricultural and Resource Economics: Environmental and Resource Economics).
Credit only granted for: ECON481 or AREC481.
An exploration of the use of economic incentives for protection of the environment and the determination of appropriate (or efficient) level of environmental quality. Also covers the choice of policy instruments for the attainment of environmental standards.
AREC610
Microeconomic Applications in Agricultural and Resource Markets
Credits: 3
Grad Meth: Reg, Aud
Prerequisite: ECON603.
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, decision making under uncertainty, valuation of natural resources, and exploitation of natural resources.
AREC624
Applied Econometrics II
Credits: 4
Grad Meth: Reg, Aud
Prerequisite: AREC623.
Variations of the standard linear model, simultaneous equations estimation, nonlinear regression, nonlinear simultaneous equations estimation, static and dynamic panel data models, errors in variables, Hausman tests, discrete choice models such as conditional multinomial and mixed logit models, latent class models, semi-parametric estimation, varying parameter models, unobserved variables, time series models, and model selection procedures.
AREC699
(Perm Req)
Special Problems in Agricultural and Resource Economics
Credits: 1 - 2
Grad Meth: Reg, Aud
Contact department for information to register for this course.
AREC783
Environmental Taxation and Regulation
Credits: 3
Grad Meth: Reg, Aud
Prerequisite: ECON603 and ECON604; and graduate-level econometrics.
Credit only granted for: AREC783 or AREC869W.
Formerly: AREC869W.
The economics of policies to address environmental externalities. Specific topics include the theory of public goods and externalities, cost-benefit and cost-effectiveness analysis of environmental regulations, regulatory instrument choice under uncertainty, environmental policy in an economy with pre-existing tax distortions, monitoring and enforcement of environmental regulations, distributional effects of environmental policy, and regulation of intertemporal externalities.
AREC784
Energy Economics, Empirical Industrial Organization, and Public Policy
Credits: 3
Grad Meth: Reg
Prerequisite: ECON603, AREC623, and AREC624.
Energy markets and public policy, evaluating techniques for estimating market demand and supply and for evaluating policy intervention. Comparison of reduced-form and structural approaches. Applications may include but are not limited to electricity, oil and other liquid fuels, and household travel, with examples from the United States and other countries.
AREC799
(Perm Req)
Master's Thesis Research
Credits: 1 - 6
Grad Meth: Reg
Contact department for information to register for this course.
AREC815
Experimental and Behavioral Economics
Credits: 3
Grad Meth: Reg
Prerequisite: AREC623, AREC624, ECON603, and ECON604; or equivalent.
Credit only granted for: AREC815 or AREC869A.
Formerly: AREC869A.
An overview of the design, implementation, and analysis of experiments motivated by behavioral economics, with a particular focus on experiments in field settings. Topics covered include social preferences, risk aversion, prospect theory, present bias, overconfidence, and limited attention.
AREC898
(Perm Req)
Pre-Candidacy Research
Credits: 1 - 8
Grad Meth: Reg
Contact department for information to register for this course.
AREC899
(Perm Req)
Doctoral Dissertation Research
Credits: 6
Grad Meth: Reg
Contact department for information to register for this course.