The B.S. degree in Economics of Sustainable Development and Management prepares students to use economic analysis and quantitative methods to understand and evaluate decision problems faced by individuals, firms, and public agencies. Students will learn how to apply economic analysis to the organization and operation of businesses and industries, the economic development process, and its application to specific regions and communities. The curriculum incorporates business management, marketing and finance, production, investment choices, international trade, consumer behavior, sustainable development, economics of the food system, economic analysis of policies and programs that target human wellbeing, including health and nutrition, and the economics of poverty.
| Course | Title | Credits |
|---|---|---|
| Competency Requirements | ||
| All Economics of Sustainable Development and Management majors must pass: | ||
| ARE 1150 | Principles of Applied and Resource Economics | 3 |
| or ECON 1200 | Principles of Economics (Intensive) | |
| or ECON 1201 | Principles of Microeconomics | |
| ARE 2150 | Intermediate Applied and Resource Economics | 3 |
| ARE 2155 | Imperfect Competition and Behavioral Economics | 3 |
| A minimum of 15 additional credits of ARE courses at the 2000 level or above | 15 | |
| Writing Requirement | ||
| ARE 2261W | Writing in Food Policy | 1 |
| or ARE 2435W | Writing in Environmental and Resource Policy | |
| Advanced Information Literacy Requirement | ||
| ARE 2261W | Writing in Food Policy | 1 |
| or ARE 2435W | Writing in Environmental and Resource Policy | |
The courses used to satisfy the 15 additional credit ARE minimum can also be used to fulfill the CAHNR 36-credit requirement and the concentrations.
Students in this major may choose no concentration, one concentration, or two concentrations from the following: Business Management and Marketing and Development Economics and Policy. The requirements for each concentration are listed below.
Majors choosing a concentration in Business Management and Marketing must take a total of at least 18 credits from the courses listed below.
Up to three credits of 3000-level or above course with approval of advisorWith approval of advisor, additional courses in ARE or in related fields can be used to fulfill the CAHNR 36-credit requirement for the major with this area of concentration.
Majors choosing a concentration in Development Economics and Policy must take a total of at least 18 credits from the courses listed below.
ECON 3421W Up to three credits of 3000-level or above course with approval of advisorWith approval of advisor, additional courses in ARE or in related fields can be used to fulfill the CAHNR 36-credit requirement for the major with this area of concentration.
Students can add one or more minors offered by the ARE Department except for the minor(s) with the same name as the chosen concentration.
Minors in Business Management and Marketing, Environmental Economics and Policy, Development Economics and Policy, and Equine Business Management are described in the Minors section.
Every student must meet a set of core requirements to earn a baccalaureate degree, in addition to those required by the student's major course of study and other requirements set by the student's school or college. For more information about these requirements, please see General Education Requirements.
Students must meet a set of requirements established by the college in addition to the University's General Education requirements. For more information, see the College of Agriculture, Health and Natural Resources section of this catalog.
This fast-track to the M.S. is designed for students who receive their B.S. degree from the ARE Department and then go on to pursue the M.S. in Applied and Resource Economics. The program is designed to allow students who enroll in graduate school in the summer following completion of their BS to complete all requirements for the M.S. within one calendar year. To complete the degree in this accelerated timeframe, the 120 credits students take for their B.S. should include six graduate credits of required courses ( ARE 5201 Microeconomics or ECON 5201 Microeconomics , and ARE 5311 Applied Econometrics I ) that can be included on the student’s undergraduate plan of study and also applied to the M.S. requirements of 30 credits. Once students earn their B.S., they must take 24 more M.S. credits, following one of the three plans of study described above. Students pursuing a Plan A or Plan B (Major Paper) plan of study will take up to six credits of GRAD 5950 Master's Thesis Research (for Plan A) or ARE 5499 Independent Study in Agricultural and Resource Economics and/or ARE 5991 Professional Internship (for Plan B (Major Paper) during the summer between the 4th and 5th year, working to develop an applied project or thesis with a faculty advisor. Students pursuing a Plan B (Coursework) plan of study will take up to six credits of approved electives during that summer.
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