| 1994-1995 Undergraduate Catalog 1994-1995 Courses Food and Resource Economics FREC 120 Elementary Agricultural Economics 3 Introduction to economic and management principles and their application to the production and marketing of agricultural products, economic growth and economic problems facing the agribusiness industry. RESTRICTIONS: Not open to Juniors and Seniors. FREC 125 Elementary Agricultural Economics: Applications 1 Analysis of producer behavior, output, profits and input demands; and evaluation of alternative capital investments. PREREQ: FREC235. COREQ: FREC120 and FREC235. FREC 153 Agricultural Salesmanship 3 Principles and techniques of effective personal selling of agricultural products and services. Development of skills necessary to organize, deliver and refine sales presentations. FREC 201 Records and Accounts 3 Introductory course. Emphasis on concepts and principles and the uses of accounting for control and decision- making purposes. RESTRICTIONS: Designed for non-business and non- accounting majors. FREC 235 Introduction to Data Analysis 3 Introduction to microcomputers and their use to process and analyze data. Applications from agricultural economics. FREC 240 Quantitative Methods in Agricultural Economics 3 Basic quantitative applications of agricultural economics principles and theory. Determination of market equilibria and optimization of static models. PREREQ: MATH115; and FREC120 or ECON151. FREC 270 Biotech: Science and Socioeconomic Issues 3 See ANSC270 for course description. FREC 302 Management of Agribusiness Firms 3 Principles and practical problems of firm management (decision-making) and planning. PREREQ: FREC120 or ECON151. RESTRICTIONS: Not open to Freshmen or Sophmores except by permission of instructor. FREC 312 Food Retailing and Wholesaling 3 Development and structural organization of the retail and wholesale sector of the food marketing industry. Analysis of current trends, practices and operating efficiencies. FREC 350 Farm Management 3 Basis and conditions for agricultural production, farm planning and analysis, management of crop and production, investments and financial problems and management of labor. PREREQ: FREC120 and FREC201 or ACCT207. RESTRICTIONS: Designed for students without farm background. FREC 366 Independent Study 1-6 FREC 403 Agricultural Production Economics 3 Economic principles applied to the operation of the firm with emphasis on resource allocation and production efficiency. Appraisal of analytical procedures and programming models used in the analysis and planning of a business. PREREQ: FREC120 or ECON151. FREC 404 Food Marketing 3 Systems approach to food and fiber marketing - farm, wholesale, retail and consumer level, supply and demand for food commodities, pricing, marketing cost, margins, functions, marketing power and its sources and institutional structure of food and fiber marketing. FREC 405 Food Marketing Management 3 Management principles and their application to problems of firms engaged in food marketing. FREC 406 Agricultural Policy 3 Agricultural policy formation, effects of policy on resource allocation and economics of alternative programs. Analysis of effects of various programs on producers, consumers and taxpayers. PREREQ: FREC120 or ECON151. FREC 408 Research Methods 3 Descriptive and inferential statistics in agribusiness and biological applications focusing on hypothesis testing, multiple regression, and analysis of variance techniques. FREC 410 International Agricultural Trade 3 The theory of international trade and agricultural trade policies. Relevance of agricultural trade to developed and less developed economies and recent issues on international agricultural trade. PREREQ: FREC120 or ECON151. FREC 420 Agriculture in Economic Development 3 Process of increasing agricultural productivity and food supply in developing nations. Rural resource adjustment problems at various stages of industrialization. Role of foreign trade in development process. FREC 424 Resource Economics: Theory and Policy 3 Theoretical allocation of exhaustible and renewable resources over time, concepts of social welfare and depletion, and review of market failures and contemporary resource management issues. PREREQ: FREC120 or ECON151. FREC 427 Agricultural Finance 3 The application of principles and tools of finance to managerial problems in agriculture. A study of financial factors affecting agricultural firms. PREREQ: FREC201 or ACCT207 and a statistics course. FREC 429 Rural Economic Development Theory and Policy 3 Rural economic development in the United States; rural socioeconomic conditions; survey of economic principles regarding industrial location, economic growth, land use and public service provision; and rural development policies and programs. PREREQ: FREC120 or ECON151. FREC 435 Microcomputer Use in Agricultural Economics 3 Microcomputer systems and their use and application in contemporary agricultural economics problems. PREREQ: FREC235. FREC 441 Futures Markets in Agriculture 4 Analysis of commodity futures contracts, cash and futures price relationships, hedging and speculative theory. PREREQ: FREC120 or ECON151. FREC 444 Economics of Environmental Management 3 Review of benefit-cost analysis and welfare theory; techniques for evaluating environmental amenities; the evolution of environmental legislation; and review of case studies of environmental conflicts. PREREQ: FREC120 or ECON151. FREC 464 Agricultural Economics Field Experience 1-3 Supervised field work in farm management, food retailing management, agricultural wholesaling or processing management, natural resource analysis, rural development, agricultural policy analysis or related areas. RESTRICTIONS: A maximum of three credits may be applied to the B.S. in Agriculture with a major of Agricultural Business Management or Food and Resource Economics. FREC 465 Seminar 1 Oral and written reports in the subdisciplines of food and resource economics. FREC 466 Independent Study 1-6 FREC 608 Research Methods 3 Experimental design and plot plans, collection, analysis and presentation of data in agricultural and biological research. FREC 615 Advanced Prices and Statistics 3 Statistical tools used in agricultural economics research. Introduction to econometric specifications, estimation and interpretation. PREREQ: FREC408. FREC 801 Advanced Food Marketing 3 A study of the food industry structure, conduct and performance and its effect on pricing, supply and demand in the industry. FREC 803 Production Economics 3 Economic theory applied to operation and planning of an enterprise, including factor demand and product supply aspects. Discussion of LP and production function models. PREREQ: FREC608. FREC 806 Research Techniques and Procedures 3 Planning research projects with emphasis on methods of collecting and analyzing data, and the presentation of results. A problems course. May be cross-listed with ORES806. PREREQ: FREC608. FREC 810 International Agricultural Trade Special Topics 3 Advanced theory, issues and policies in international agriculatural trade emphasizing international finance and agriculture, agricultural trade and development, empirical and methodological issues and international market modeling. May be cross-listed with ORES810. FREC 826 Issues in Domestic and Foreign Rural Development 3 Rural economic development in the United States and in developing countries; growth vs development issues, government policies, analytical techniques - export base, shift share, input-output, growth and development models; empirical analysis and case studies. FREC 827 Advanced Production Economics 3 Specification, identification and estimation of dual models for use in the evaluation, hypothesis testing and control of firm-level technological and production problems. May be cross-listed with ECON827 and/or ORES827. PREREQ: ECON801 and an econometrics/statistics course. RESTRICTIONS: Requires permission of instructor. FREC 834 Seminar in Resource Economics 3 Quantitative analyses of natural resource markets, resource depletion and the design of optimal management strategies. May be cross-listed with ORES834. FREC 869 Master's Thesis 1-6 | |
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