The first year of the program consists of basic coursework in microeconomic theory, econometrics, and mathematical methods. It consists of the following courses:
A two-semester sequence in microeconomic theory (ECON 603 and 604). A two-semester sequence in applied econometrics (AREC 623 and 624).A one-semester course on mathematical optimization (AREC 620).A one-semester course on applications of microeconomic theory to agricultural and resource economics (AREC 610).
Students must earn a "B" or better in each of these courses. If necessary, students can re-take these courses one time to achieve this standard. The first-year course requirements account for 20 credits (3 credits each for ECON 603, ECON 604, AREC 620, and AREC 610, plus 4 credits each for AREC 623 and AREC 624).
First-year students are also expected to complete self-directed instruction regarding econometric software during August and January, attend additional instruction and develop qualifying paper topics during January, and participate in a paper-writing workshop in June at the end of the first year. The June workshop helps students develop their research for publication in academic journals as well as oral presentation. This workshop is useful for fostering the completion of the required research paper.
The second year of the program consists mainly of six elective courses. All students are required to take four courses from among the following courses offered in AREC: AREC 783, AREC 784, AREC 785, AREC 815, AREC 825, AREC 829, AREC 832, AREC 845, AREC 846, AREC 847, and ECON 781. The remaining two courses can be selected from the same list, from graduate courses offered by the Economics Department or (with approval by the Director of Graduate Studies) from another supporting department on campus.
The approved AREC courses are as follows:
AREC 783, Environmental Taxation and Regulation
AREC 784, Energy Economics, Empirical Industrial Organization, and Public Policy
AREC 785, Advanced Economics of Natural Resources
AREC 815, Experimental and Behavioral Economics
AREC 825, Advanced Economic Welfare Analysis
AREC 829, Policy Design and Causal Inference for Social Science
AREC 832, Agricultural Policy Analysis
AREC 845, Environment and Development Economics
AREC 846, Development Microeconomics
AREC 847, Networks, Social Learning and Technology Adoption
ECON 781, Valuing Environmental Benefits
During the spring semester of their second-year, students are also required to take a 1-credit course intended to help students develop a dissertation topic (AREC 891-formerly 869K, Introduction to Prospectus Development).
The final course requirement is AREC 892 (formerly 869P), Dissertation Prospectus Development (3 credits), which consists of more intensive preparation for writing a dissertation prospectus. It is normally taken during the fall semester of the third year. This requirement is waived for any student who has completed a dissertation prospectus and passed a prospectus examination before the fall semester of the third year.
For more specific information on these courses, see Graduate Courses .