The first year of the program consists of basic coursework in microeconomic theory, econometrics, and mathematical methods. Specifically, the first year consists of: 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).
The second year of the program consists of six elective courses. All students must 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, ECON 781, and AREC869D.
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
AREC869D, Advanced Topics in Agricultural and Resource Economics; Political Economy of Development
The remaining two courses can be selected from the same list or from graduate courses offered by other departments on campus (with approval by the Director of Graduate Studies). During the Fall semester of their second-year, students are also required to take AREC 891 (1 credit), which is finalized to help the choice of possible topics for dissertation work.
The final course requirement is AREC 892 (3 credits), which consists of more intensive preparation for writing a dissertation prospectus. This course is normally taken during the Fall semester of the third year. This requirement is waived for students who have completed a dissertation prospectus and passed the prospectus examination before the Fall semester of the third year.
For more specific information on the courses offered at AREC, see Graduate Courses .