Agricultural and Resource Economics Major [ALES]

General Information

This major provides students with an understanding of the basic principles of economics and develops a scientific background sufficient to apply economic tools to production, processing, marketing, and financing and consumption in the agri-food and other resource industries. Students will gain expertise in the use of economic theory in agricultural and other natural resource industries, and will develop analytical techniques that permit them to understand and assess a wide variety of policy and market issues. The program develops knowledge of applied social, agricultural, and natural sciences that permits graduates to succeed in a variety of agricultural and natural resource settings.

Requirements of the Major (★81)

• ACCTG 300 - Introduction to Accounting
• ★6 from 400-level AREC
• AREC 214 - Applications of Linear Models to Food, Resources and the Environment
• AREC 313 - Statistical Analysis
• AREC 333 - Economics of Production and Resource Management
• AREC 384 - Food Market Analysis
• AREC 473 - Food and Agricultural Policies

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• AREC 323 - Introduction to Management for Agri-Food, Environmental, and Forestry Businesses OR
• SMO 301 - Behavior in Organizations

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• AREC 365 - Natural Resource Economics

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• AREC 430 - Economic Impact Assessment OR
• AREC 433 - Financial Management in Resource Industries

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• ECON 102 - Introduction to Macroeconomics
• ECON 281 - Intermediate Microeconomic Theory I
• ECON 282 - Intermediate Macroeconomic Theory I

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• ENCS 473 - Environmental and Conservation Policy OR
• FOREC 473 - Forest Policy

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• ★3 ENGL
• ★3 R SOC
• ★24 Approved Program Electives   
• ★6 Free Electives