Oklahoma State University: The STATE's University
Visit the OSU Home Page

College of Agricultural Sciences and Natural Resources
2009-2010 Degree Requirement Sheets - click here for previous years

An asterisk (*) following the four-digit number indicates the course is approved for graduate credit.
Graduate College


Agricultural Economics (AGEC)



AGEC 1114
(S)Introduction to Agricultural Economics

Prerequisite(s): MATH 1483 or 1513. Economic theory of production, marketing, and consumption of agricultural products. The role and structure of agriculture in the American economy. Policies to achieve efficiency and welfare goals in agriculture. No general education credit for students also taking ECON 1113 or ECON 2103.


AGEC 3010
Internship in Agricultural Economics

1-3 credits, max 3. Prerequisite(s): Approval of internship committee and adviser. Supervised work experience with approved public and private employers in agricultural economics, including banks, farm credit services, agriculture chemical firms, Soil Conservation Service, congressional offices and other opportunities. Credit will not substitute for required courses. Graded on a pass-fail basis.


AGEC 3101
Professional Career Development

Prerequisite(s): Junior standing and agricultural economics or agribusiness major status. Overview of the various areas of specialization within agricultural economics and agribusiness and their associated career opportunities and obligations. Development and improvement of written communication, oral communication and leadership skills.


AGEC 3183
Agribusiness Accounting and Taxation

Prerequisite(s): 60 semester credit hours, including ENGL 1113 and MATH 1513 or equivalent. Development of the ability to read, analyze, and use accounting information to improve decision-making and tax planning.
(Same course as ACCT 3183)


AGEC 3213
Quantitative Methods in Agricultural Economics

Lab 2. Prerequisite(s): 1114, STAT 2023 or equivalent and MSIS 2103, AG 2112 or equivalent. Indices, graphics, budgeting, discounting, basic statistical measures, use of microcomputers, and price analysis. Basic background methods for some courses involving analysis.


AGEC 3323
Agricultural Product Marketing and Sales

Prerequisite(s): 1114, ENGL 1113, SPCH 2713. Fundamentals of agricultural marketing management and planning applied to specific agricultural product (input and output) marketing problems. Institutional differences between agricultural and non-agricultural marketing environments. The role of the individual sales representative in a marketing and sales organization. Written and oral presentations of marketing and sales information required of all students.


AGEC 3333*
Agricultural Marketing and Price Analysis

Prerequisite(s): 3213 or concurrent enrollment. Supply, demand, and price determination within the institutional environment of agricultural commodity markets. The roles provided by government intervention, marketing agreements, and cooperatives in agricultural markets. Some graphical analysis of commodity market data. Fundamentals of futures markets applied to agriculture.


AGEC 3403
Agricultural Small Business Management

Prerequisite(s): 1114. The essentials of operating an agricultural small business. An introduction to the planning, organizing, marketing, managing, financing, controlling and operating an agricultural small business. Not recommended for agricultural economics or agribusiness majors.


AGEC 3423
Farm and Agribusiness Management

Prerequisite(s): 1114, ACCT 2103 or ACCT 3183 or AGEC 3183. Fundamentals of managerial functions as applied to agricultural firms. Organization and management of human, financial, and physical assets for the profitable operation of an agricultural business. An introduction to business planning, enterprise budgeting, financial statements and record keeping.


AGEC 3463
Agricultural Cooperatives

Prerequisite(s): 3423. An evaluation of the fundamental principles, objectives, structure, finance, and management associated with the cooperative organization. An analysis of the cooperative business organization within the modern economy: history, legislation and evolution. An examination of careers related to cooperatives.


AGEC 3503
Natural Resource Economics

Prerequisite(s): 1114 or ECON 2103. Framework for analyzing natural resource management decisions. Applications of microeconomic theory to the management of soil, water, and other resources, with special emphasis on the institutions having an impact on management opportunities. Supply of and demand for natural resources, resource allocation over time, rights of ownership, public issues of taxation, police power and eminent domain.


AGEC 3603
Agricultural Finance

Prerequisite(s): 3213 and 3423. Analyze farm and agribusiness financial statements. Understand the relationship between firm growth and financial leverage. Time value of money concepts and their application to capital budgeting. Discuss how agricultural lenders acquire and use funds.


AGEC 3703
Issues in Agricultural Policy

Prerequisite(s): 1114. Emerging issues related to agricultural policy in the United States.


AGEC 3713
Agricultural Law

Prerequisite(s): 1114. Survey of law with emphasis on agricultural problems, applications, and strategies for managing legal risk in the agribusiness setting. Contract law, tort law, property law, real estate transactions, business organization, estate planning, debtor/creditor law, environmental law, and water/resources law.


AGEC 3990
Special Problems in Agricultural Economics

1-3 credits, max 3. Directed study of selected agricultural economics topics.


AGEC 4101
Agricultural Economics Seminar

Prerequisite(s): Senior standing and agricultural economics or agribusiness major status. Contemporary problems in agricultural economics.


AGEC 4213*
Advanced Quantitative Methods in Agricultural Economics

Prerequisite(s): 3213, 3333, MATH 2103, and ECON 3023 or 3113. Quantitative analysis of agricultural supply and demand in situations involving risk and uncertainty within the institutional setting of agricultural markets. Use of spreadsheets to perform regression analysis and simulation of potential market outcomes. Analysis of specific agricultural market cases with written and oral presentation of the results.


AGEC 4333*
Commodity Futures Markets

Prerequisite(s): 3213 and 3333. The economics of commodity futures markets. The vocabulary of futures markets and the mechanics of trading and hedging. Basis and producer marketing strategies. Fundamental analysis and statistical analysis of data. Technical analysis, behavioral finance, efficient market hypothesis, and basics of option pricing.


AGEC 4343
(I)International Agricultural Markets, Trade and Development

Prerequisite(s): 1114 or ECON 2103. Contemporary international agricultural trade theory and applications. Tools to identify, evaluate critically, and seek solutions to complex international trade and development problems, such as gains from trade, impacts of trade barriers on social welfare, export promotion effectiveness, trade impacts on environment and land degradation, social benefits and costs of free trade areas, and impacts of genetically modified crops on trade.


AGEC 4403*
Advanced Farm and Ranch Management

Prerequisite(s): 3213, 3333, 3603, MATH 2103, and ECON 3023 or 3113. The development of problem solving and risk management skills needed on the modern farm or ranch. Use of spreadsheets to perform production planning and analysis of farm and ranch problems with linear programming, simulations, and other tools. Analysis of the acquisition of resources and the use of information systems in managing the individual farm or ranch business.


AGEC 4423*
Advanced Agribusiness Management

Prerequisite(s): 3213, 3333, 3603, MATH 2103, and ECON 3023 or 3113. Application of modern decision theory in the uncertain environment that the agricultural business operates. Planning, organizing, implementing, coordinating, and controlling problems associated with establishing an agricultural business, achieving firm growth, and operating the firm through time. Use of spreadsheets to perform production planning and analysis related to agricultural business operation with linear programming, simulations, and other tools. Analysis of the interaction of resources, prices and production alternatives.


AGEC 4503*
Environmental Economics and Resource Development

Prerequisite(s): 3503 or ECON 3113 or consent of instructor. Economic, social, and political factors relating to conservation, natural resource ­development, and environmental quality. Valuation of priced and non-priced natural and environmental resources. Analysis of environmental and natural resource policy and the role of public and private agencies in conservation and development.


AGEC 4513*
Farm Appraisal

Lab 2. Prerequisite(s): 3423. Estimating the market value of agricultural real estate using the three approaches to value - sales comparison, cost, and income approaches. Analysis of sales to value the different characteristics of the farm.


AGEC 4703*
American Agricultural Policy

Prerequisite(s): 3213, 3333, MATH 2103, and ECON 3023 or 3113. Economic characteristics and problems of agriculture; evolution and significance of programs and policies.


AGEC 4723*
Rural Economics Development

Prerequisite(s): 1114. Concepts and theories of regional and community economics, including input-output, economic base, simulation, budget location and routing. Oklahoma applications.


AGEC 4803
(I)International Agricultural Economics Tour

Prerequisite(s): Consent of instructor. A two-three week international travel component. An integrated approach to the cultural, agricultural, historical, technological, political, economic, and religious backgrounds of the region. Comparison of the agricultural business environment of the region to that of the US.


AGEC 4990*
Problems of Agricultural Economics

1-6 credits, max 6. Open to students with consent of instructor only. Research on special problems in agricultural economics.


AGEC 5000*
Thesis or Report in Agricultural Economics

1-6 credits, max 6. For students working on an MS degree in agricultural economics. Independent research and thesis under the direction and supervision of a major professor.


AGEC 5010*
Professional Experience in Agricultural Economics

1-6 credits, max 6. Prerequisite(s): Approval of internship committee and adviser. Supervised professional experience with approved public and private employers in agricultural economics, including banks, production credit associations, federal land banks, soil conservation service, and other agricultural related firms. Credit will not substitute for required courses. Designed for Master of Agriculture program. Graded on pass-fail basis.


AGEC 5101*
Research Methodology

Prerequisite(s): Selection of a thesis adviser and a thesis topic. Using the scientific method to solve problems related to agriculture. Preparation of a thesis proposal required.


AGEC 5103*
Mathematical Economics

Prerequisite(s): Differential calculus and ECON 3113. Mathematical tools necessary for formulation and application of economic theory and economic models.


AGEC 5113*
Applications of Mathematical Programming

The application of concepts and principles of existing linear and nonlinear programming techniques to agricultural problems.


AGEC 5203*
Advanced Agricultural Prices

Prerequisite(s): 5103, STAT 4043. Demand and price structures, price discovery, time series and agricultural price research methods.


AGEC 5213*
Econometric Methods

Prerequisite(s): 5103 and ECON 4213 or STAT 4043. Application of econometric techniques to agricultural economic problems, theory and estimation of structural economic parameters.


AGEC 5233*
Primary Data Analysis in Economic Research

Prerequisite(s): 5213 or ECON 5243 or concurrent enrollment. Development and analysis of surveys and experiments designed to collect primary data for economic research. Basics of survey and experimental design, survey delivery, and sampling. Methods, economics, and econometrics of valuation methods including contingent valuation, experimental auctions, factor analysis, cluster analysis, and structural equations modeling, including limited dependent variable models such as the logit, probit, ordered probit, multinomial logit, tobit and intervalcensored regression.


AGEC 5303*
Agricultural Market Policy and Organization

Marketing firm decisions; structure, conduct and performance of agricultural industries; interregional trade theory; and government policies that influence decisions.


AGEC 5343*
International Agricultural Markets and Trade

Contemporary international agricultural trade theory and applications. Broaden students' understanding of contemporary cultural and economic issues outside the US that affect global demand. Gains from trade and the theory of comparative advantage. No credit for students with credit in AGEC 4343. Not recommended for graduate students in Agricultural Economics.


AGEC 5403*
Production Economics

Prerequisite(s): 5103. Analysis of micro-static production economics problems; factor-product, factor-factor and product-product relationships; functional forms for technical unit and aggregate production functions; maximizing and minimizing choice rules; firm cost structure; scale relationships.


AGEC 5423*
Agribusiness Management

Prerequisite(s): Consent of instructor. Application of quantitative analysis to the evaluation of business plans for agribusiness firms. Preparation of business plans, including mission statements, financial analyses, marketing plans, personnel, and organization requirements of the firm, production and operations plans as well as a contingency plan. Analysis of risk factors associated with agriculturally-based companies. No credit for students with credit in AGEC 4423.


AGEC 5463*
Advanced Agricultural Cooperatives

Prerequisite(s): 3463 or consent of instructor. Advanced understanding of cooperative business model and management skills. Advanced cooperative finance including profit center analysis, equity management, working capital management, budgeting, and capital budgeting.


AGEC 5503*
Economics of Natural and Environmental Resource Policy

Prerequisite(s): 4503 or ECON 3313 and MATH 2103. Economics of long term resource use with particular emphasis on agricultural and forestry problems. Methods for estimation of nonmarket prices. Cost benefits analysis of long term natural resource use and environmental policy. Elementary computer simulation of long term resource use and environmental policy.


AGEC 5603*
Advanced Agricultural Finance

Prerequisite(s): 3603 or FIN 3113, ECON 3023 or 3113 and ECON 4213 or STAT 4043. Financial management concepts applied to agricultural firms. Financial models that incorporate uncertainty and risk via stochastic simulation. Risk/return tradeoff for stocks and portfolio management.


AGEC 5703*
Economics of Agriculture and Food Policy

Prerequisite(s): 4703 and 5103. Application of welfare criteria and economic analysis to agricultural, food, and rural development problems and policies.


AGEC 5713*
Rural Regional Analysis

Prerequisite(s): 5103. Concepts of market and nonmarket based rural welfare; theories of regional growth as applied to rural areas; methods of regional analysis including computable general equilibrium; analysis of policies and programs for improving welfare of rural population groups.


AGEC 5723*
Planning and Policy for Development

Prerequisite(s): Master's-level microeconomics, macroeconomics, and regression analysis. Economics of market-based planning and policy analysis for developing countries, topics and tools in macro- and microeconomics of development, and social cost-benefit and project analysis with emphasis on agricultural and public policy. Hands-on application of econometrics, input-output analysis, and cost-benefit analysis using econometric software.


AGEC 5733*
International Agricultural Policy and Development

Review and evaluation of agricultural trade and development policies emphasizing developing countries. Objectives, constraints and instruments of national food and agricultural trade policy in an interdependent world. Efficiency, stability, distribution, equity, and market structure in commodity trade.


AGEC 5990*
Advanced Studies

1-6 credits, max 6. Open to graduate students with consent of instructor only. Investigation in designated areas of agricultural economics.


AGEC 6000*
Research Problems

1-15 credits, max 24. Open to students pursuing graduate study in agricultural economics beyond the requirements for a master's degree. Independent research and thesis under the direction and supervision of a major professor.


AGEC 6102*
Teaching Practicum in Agricultural Economics

Lab 4. Prerequisite(s): Two semesters of graduate study in agricultural economics. Philosophies of resident and nonresident teaching, general tasks performed, review, evaluation and lecture organization, preparation and presentation.


AGEC 6103*
Advanced Applications of Mathematical Programming

Prerequisite(s): 5103, 5113. General presentation of nonlinear optimization theory and methods followed by applications of nonlinear programming. Use of GAMS/MINOS optimization software package.


AGEC 6213*
Advanced Econometrics

Prerequisite(s): 5213 or ECON 5243; STAT 4203 and 4213 recommended. Using advanced econometric techniques in applied research. Linear and nonlinear hypothesis testing; non-nested hypothesis tests; Monte Carlo hypothesis testing; stochastic simulation; misspecification testing. Extensive use of SAS statistical software package.


AGEC 6300*
Agricultural Marketing Seminar

1-6 credits, max 6. Prerequisite(s): Consent of instructor. Current developments in theory, techniques for evaluating marketing behavior, market legislation and market development.


AGEC 6303*
Advanced Agricultural Marketing

Prerequisite(s): 5303. Marketing theory, market structure and performance, governmental regulation and policy and bargaining in agricultural markets.


AGEC 6400*
Seminar in Farm Management and Production Economics

1-6 credits, max 6. Prerequisite(s): 5403 or consent of instructor. Scientific research methodology applied to problems of resource efficiency.


AGEC 6403*
Advanced Production Economics

Prerequisite(s): 5403. Formulating and solving applied economic optimization problems in agricultural production economics. Expected profit maximization; analyzing data from agronomic experiments; credit scoring; risk models such as stochastic dominance and expected utility.


AGEC 6700*
Agricultural Policy and Rural Resource Development Seminar

1-2 credits, max 2. Frontier issues in agricultural policy, natural resources and rural development.



Current as of: 06/18/2009 3:20 PM


The State's University
Office of the Registrar - Stillwater | Stillwater, OK 74078 | 405.744.6876
Copyright © 2006 Oklahoma State University | All rights reserved