Agricultural and Resource Economics

http://resourceeconomics.wvu.edu

Alan R. Collins, Graduate Program Coordinator
e-mail: Alan.Collins@mail.wvu.edu

Degrees Offered

  • Master of Science with a major in in Agricultural and Resource Economics

The M.S. program in Agricultural and Resource Economics (ARE) provides advanced training in the areas of natural resource, environ­mental, agricultural, mineral, energy, agribusiness, inter­na­tional, and rural development econo­mics. The primary objective of this program is to prepare students for further graduate study or a variety of careers in business and government. A candi­date for the degree must comply with University, College, and Program requirements. The M.S. degree in Agricultural and Resource Economics can be obtained under either course work or thesis options.

Candidates for the master of science degree may be admitted on a regular or provisional basis. Prerequisites for admission include the following:

  • Twelve or more semester credits in economics, agricultural and resource economics, statistics, or appropriate social science courses (should include a course in intermediate microeconomics)
  • Three or more semester hours of credit in calculus

Students lacking these prerequisites have to complete coursework to acquire them. Graduate programs are planned to ensure that candidates develop competence in the following:

  • Communicating economic policy issues
  • Theoretical and analytical skills to analyze and evaluate economic policies
  • Research to develop economic policy proposals

A candidate for the M.S. degree in Agricultural and Resource Economics must meet all University, College, Division, and Program requirements as outlined in the WVU Graduate Catalog.

Program Requirements

All M.S. degree candidates are required to follow a planned program of study. The student develops the plan of study during their first year in the program in conjunction with the graduate committee. The plan must be approved by the Director of the Division and the Associate Dean for Academic Affairs of the Davis College.

A minimum cumulative GPA of 3.0 is required in all courses applied toward degree requirements.
Course Requirements as determined by the Plan of Study *30
Total Hours30
*

Students must complete a minimum of 30 total hours, of which at least 24 hours must be coursework other than research, thesis, project, internship, etc. credits.

Graduate courses offered toward the degree must be approved by the student’s graduate committee. Thesis and non-thesis options are available for the master’s degree. Students should select one option by the time twelve hours of coursework are completed (usually by the end of the first semester in the program) and after consulting with their graduate advisor or committee. Candidates with graduate research assistantships must select the thesis option.

Thesis option

A minimum of thirty credit hours of approved coursework can include not more than six hours of credit for the thesis. Proficiency in economics plus agricultural and resource economics is expected. Approved courses in closely related areas may be included. The student’s graduate committee must approve the student’s course of study and thesis topic.

Coursework option

A minimum of thirty-six credit hours of approved coursework to provide proficiency in economics, resource, and agricultural and resource economics. Courses in closely related areas may be included if approved by the student’s graduate committee. The student must satisfactorily complete a written and oral examination administered by the student’s graduate committee.

Major Learning Goals

agricultural and resource economics

The MS program in Agricultural and Resource Economics (ARE) provides advanced training in the areas of natural resource, environshy;mental, agricultural, mineral, energy, agribusiness, intershy;nashy;tional, and rural development econoshy;mics. The primary objective of this major is to prepare students for further graduate study or a variety of careers in business and government. Learning goals are that each graduate:

  • is qualified for and prepared to seek admission to a PhD program in agricultural or natural resource economics.
  • can apply microeconomic theories to solve problems in agricultural and natural resource economics. 
  • demonstrates an ability to use the quantitative tools of econometrics and math programming in the analysis of applied problems in agricultural and natural resource economics. 

Courses

ARE 540. Rural and Regional Development. 3 Hours.

PR: ARE 300 and ARE 321. Economic theories and quantitative techniques. Problems and goals for rural and regional planning; methods of policy analysis for community infrastructure development.

ARE 542. International Agricultural Economic Development. 3 Hours.

Current problems, theories, policies, and strategies in planning for agricultural and rural development for increased food production and to improve the well-being of rural people in the developing countries of the world.

ARE 580. Energy Industry Economics. 3 Hours.

PR: Graduate standing. Technical production and consumption methodologies, environmental concerns, and national and global economics and politics in making energy decisions.

ARE 581. Resource Appraisal and Decision Making. 3 Hours.

PR: ARE 500 or equivalent. Investment analysis, decision making under risk and uncertainty, and project analysis applied to resource exploration and utilization; mineral and energy reserve and resource estimation techniques.

ARE 591A-Z. Advanced Topics. 1-6 Hours.

PR: Consent. Investigation in advanced topics that are not covered in regularly scheduled courses.

ARE 592A-Z. . 1-6 Hours.

ARE 593A-Z. Special Topics. 1-6 Hours.

A study of contemporary topics selected from recent developments in the field.

ARE 594A-Z. Seminar. 1-6 Hours.

Special seminars arranged for advanced graduate students.

ARE 595. Independent Study. 1-6 Hours.

Faculty-supervised study of topics not available through regular course offerings.

ARE 600. Research Methods. 1 Hour.

Research methods in agricultural, environmental, and resource economics. The application of scientific thinking in developing research proposals and critiquing published research.

ARE 601. Applied Microeconomics. 4 Hours.

PR: ARE 401 or equiv. Consumer and production economics applied to resource, environmental, and agricultural analysis.

ARE 621. Quantitative Methods in Resource Economics. 3 Hours.

PR: ARE 601 and ECON 421 or equivalents. Optimization techniques in economic analysis of natural resources; environmental and agricultural management problems; linear, nonlinear, and dynamic programming.

ARE 624. Econometric Methods in Resource Economics. 3 Hours.

PR: ECON 425. Application methods to natural resource, environmental, and agricultural economic problems; single and simultaneous equation models, specification problems, topics in time series, and cross-sectional analysis.

ARE 632. Natural Resource and Environmental Economics. 3 Hours.

PR: ARE 600 and ARE 621 or equivalent. Theory and institutions; market failure, externalities and property rights issues; renewable and nonrenewable resources, common property, environmental and resource management, and intergenerational decisions.

ARE 633. Natural Resource Policy Analysis. 3 Hours.

PR: ARE 600 and ARE 621, or equiv. Welfare economics applied to the analysis and evaluation of natural resources, environmental, agricultural, and energy policy issues.

ARE 643. Project Analysis and Evaluation. 4 Hours.

Analysis and evaluation of investment projects; economic and financial aspects of project analysis; risk analysis; preparation of feasibility reports.

ARE 644. International Markets and Trade. 3 Hours.

PR: ARE 600 and ARE 621. Causes and consequences of international trade and investment; commodity market structures, commodity price instability and international agreements; trade barriers and protection, export promotion, and impacts on developing countries.

ARE 690. Teaching Practicum. 1-3 Hours.

PR: Consent. Supervised practice in college teaching of agriculture research economics. Note: This course is intended to insure that graduate assistants are adequately prepared and supervised when they are given college teaching responsibility. It also provides a mechanism for students not on assistantships to gain teaching experience. (Grading will be S/U.).

ARE 691A-Z. Advanced Topics. 1-6 Hours.

PR: Consent. Investigation of advanced topics not covered in regularly scheduled courses.

ARE 692A-Z. Directed Study. 1-6 Hours.

Directed study, reading, and/or research.

ARE 693A-Z. Special Topics. 1-6 Hours.

A study of contemporary topics selected from recent developments in the field.

ARE 694A-Z. Seminar. 1-6 Hours.

Special seminars arranged for advanced graduate students.

ARE 695. Independent Study. 1-6 Hours.

Faculty supervised study of topics not available through regular course offerings.

ARE 696. Graduate Seminar. 1 Hour.

PR: Consent. Each graduate student will present at least one seminar to the assembled faculty and graduate student body of his or her program.

ARE 697. Research. 1-15 Hours.

PR: Consent. Research activities leading to thesis, problem report, research paper or equivalent scholarly project, or a dissertation. (Grading may be S/U.).

ARE 698. Thesis or Dissertation. 1-6 Hours.

PR: Consent. This is an optional course for programs that wish to provide formal supervision during the writing of student reports (698), or dissertations (798). Grading is normal.

ARE 699. Graduate Colloquium. 1-6 Hours.

PR: Consent. For graduate students not seeking coursework credit but who wish to meet residency requirements, use of the University's facilities, and participate in its academic and cultural programs. Note: Graduate students who are not actively involved in coursework or research are entitled, through enrollment in their department's 699/799 Graduate Colloquium to consult with graduate faculty, participate in both formal and informal academic activities sponsored by their program, and retain all of the rights and privileges of duly enrolled students. Grading is P/F; colloquium credit may not be counted against credit requirements for masters programs. Registration for one credit of 699/799 graduate colloquium satisfies the University requirement of registration in the semester in which graduation occurs.

ARE 703. Advanced Natural Resource Economic Theory. 3 Hours.

PR: ECON 710 and ARE 632. Allocation and distribution of natural resources in static and dynamic contexts; welfare economics, cost-benefit analysis, and optimal control approaches; applications to resource valuation, exhaustion, taxation, and regulation in theory and practice.

ARE 710. Advanced Environmental Economics. 3 Hours.

PR: ECON 701 and ARE 632 or Consent. Theory, efficient environmental design and analysis, modeling of economic and environmental systems, evaluation of non-market benefits and costs, and risk assessment.

ARE 729. Spatial Econometrics. 3 Hours.

Explores the various types of spatial econometric models and how they are estimated and interpreted. Maximum likelihood and Bayesian methodologies will be demonstrated both mathematically and in an applied setting.

ARE 735. Resources of Development Planning. 3 Hours.

ARE 791A-Z. Advanced Topics. 1-6 Hours.

PR: Consent. Investigation in advanced topics that are not covered in regularly scheduled courses.

ARE 792A-Z. Directed Study. 1-6 Hours.

Directed study, reading, and/or research.

ARE 793A-Z. Special Topics. 1-6 Hours.

A study of contemporary topics selected from recent developments in the field.

ARE 794A-Z. Seminar. 1-6 Hours.

Special seminars arranged for advanced graduate students.

ARE 795. Independent Study. 1-9 Hours.

Faculty supervised study of topics not available through regular course offerings.

ARE 796. Graduate Seminar. 1 Hour.

PR: Consent. Each graduate students will present at least one seminar to the assembled faculty and graduate student body of his or her program.

ARE 797. Research. 1-15 Hours.

PR: Consent. Research activities leading to thesis (697), problem report (697), research paper or equivalent scholarly project (697), or a dissertation (797). Grading may be S/U.

ARE 798. Thesis or Dissertation. 1-6 Hours.

PR: Consent. This is an optional course for programs that wish to provide formal supervision is needed during the writing of student reports (698). theses (698), or dissertations (798). (Grading is Normal.).

ARE 799. Graduate Colloquium. 1-6 Hours.

PR: Consent. For graduate students not seeking coursework credit but who wish to meet residency requirements, use the University's facilities, and participate in its academic and cultural programs. Note: Graduate students who are not actively involved in coursework or research are entitled, through enrollment in their department's 699/799 Graduate Colloquium, to consult with graduate faculty, participate in both formal and informal academic activities sponsored by their program, and retain all of the rights and privileges of duly enrolled students. Grading is Normal; colloquium credit may not be counted against credit requirements for masters programs. Registration for one credit of 699/799 graduate colloquium satisfies the University requirement of registration in the semester in which graduation occurs.