Agricultural & Resource Economics

(College of Agricultural and Environmental Sciences)

Rachael E. Goodhue, Ph.D., Chair of the Department

Department Office. 1176 Social Sciences and Humanities Building; 530-752-1515; https://are.ucdavis.edu/graduate/

Faculty. https://are.ucdavis.edu/people/faculty/

(College of Agricultural and Environmental Sciences)

Rachael E. Goodhue, Ph.D., Chair of the Department

Department Office. 1176 Social Sciences and Humanities Building; 530-752-1515; https://are.ucdavis.edu/graduate/

Faculty. https://are.ucdavis.edu/people/faculty/

Graduate Student Information. 1171 Social Sciences and Humanities Building; 530-752-6185; https://are.ucdavis.edu/graduate/

The program is both an end in itself and a preparation for a Ph.D. degree in Applied Economics. The program includes courses emphasizing applications of economic theory and quantitative methods, along with elective field courses and a thesis option. The M.S. program prepares students for jobs in academic industry and government.

Undergraduate Student Information for the Managerial Economics major, 1176 Social Sciences and Humanities Building; 530-754-9536; https://managerialeconomics.ucdavis.edu/.

Major Program. See Managerial Economics undergraduate program.

Major Advisor. Contact the Department office.

Related Courses. See courses in Economics and Environmental Science and Policy.


(College of Agricultural and Environmental Sciences)

Rachael E. Goodhue, Ph.D., Chair of the Department

Department Office. 1176 Social Sciences and Humanities Building; 530-752-1515; https://are.ucdavis.edu/graduate/

Faculty. https://are.ucdavis.edu/people/faculty/

Graduate Student Information. 1171 Social Sciences and Humanities Building; 530-752-6185; https://are.ucdavis.edu/graduate/

The program combines a course of study similar to the regular M.S. program with a complementary regime of M.B.A. courses similar to the regular M.B.A. program but with some savings in requirements and some synergy. This dual- degree program prepares students for a range of employment opportunities in business-oriented industries.

Undergraduate Student Information for the Managerial Economics major, 1176 Social Sciences and Humanities Building; 530-754-9536; https://managerialeconomics.ucdavis.edu/

Major Program. See Managerial Economics undergraduate program.

Major Advisor. Contact the Department office.

(College of Agricultural and Environmental Sciences)

Rachael E. Goodhue, Ph.D., Chair of the Department

Department Office. 1176 Social Sciences and Humanities Building; 530-752-1515; https://are.ucdavis.edu/graduate/

Faculty. https://are.ucdavis.edu/people/faculty/

Graduate Student Information. 1171 Social Sciences and Humanities Building; 530-752-6185; https://are.ucdavis.edu/graduate/

The Ph.D. program provides intensive training in modern economic theory, econometrics, and mathematical programming, with elective fields such as natural resource and environmental economics, development economics, agricultural economics, and econometrics. Complementary fields in other areas of economics and management are also available. It is typically a four or five year course of study that prepares graduates for jobs in academia, government, near-government organizations, and the private sector.

Undergraduate Student Information for the Managerial Economics major, 1176 Social Sciences and Humanities Building; 530-754-9536; https://managerialeconomics.ucdavis.edu/.

Major Program. See Managerial Economics undergraduate program.

Major Advisor. Contact the Department office.

Related Courses. See courses in Economics and Environmental Science and Policy.

Courses in ARE:
ARE 001Economic Basis of the Agricultural Industry (4) Active
Lecture—4 hour(s). Agriculture and man; the agricultural industry in U.S. and world economies; production and supply, marketing and demand; agricultural land, capital and labor markets; economic and social problems of agriculture in an urban and industrialized economy emphasizing California. (Letter.) GE credit: SS. Effective: 1997 Winter Quarter.
ARE 001SEconomic Basis of the Agricultural Industry (4) Active
Lecture—4 hour(s). Agriculture and man; the agricultural industry in Australia and world economies; production and supply, marketing and demand; agricultural land, capital and labor markets; economic and social problems of agriculture in an urban and industrialized economy emphasizing Australia. Taught in Australia under the supervision of a UC Davis faculty member. Not open for credit to students who have taken ARE 001. (Letter.) GE credit: SS, WC. Effective: 2004 Fall Quarter.
ARE 015Population, Environment and World Agriculture (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Economic analysis of interactions among population, environment, natural resources and development of world agriculture. Introduces students to economic thinking about population growth, its causes and consequences for world food demand, and environmental and technological limits to increasing food supplies. (Letter.) GE credit: SS, WC, WE. Effective: 1997 Winter Quarter.
ARE 018Business Law (4) Active
Lecture—4 hour(s). Prerequisite(s): Sophomore standing. General principles of business law in the areas of contracts, business organization, real property, uniform commercial code, sales, commercial paper, employment relations, and creditor-debtor against a background of the history and functioning of our present legal system. (Letter.) GE credit: SS. Effective: 1997 Winter Quarter.
ARE 098Directed Group Study (1-5) Active
Variable. Prerequisite(s): Consent of Instructor. Restricted to lower division students. (P/NP grading only.) GE credit: SS. Effective: 1997 Winter Quarter.
ARE 099Special Study for Undergraduates (1-5) Active
Prerequisite(s): Consent of Instructor. (P/NP grading only.) GE credit: SS. Effective: 1997 Winter Quarter.
ARE 100AIntermediate Microeconomics: Theory of Production and Consumption (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ((ECN 001A C- or better or ECN 001AV C- or better); ECN 001B C- or better); ((MAT 016A C- or better, MAT 016B C- or better, MAT 016C C- or better) or (MAT 017A C- or better, MAT 017B C- or better) or (MAT 021A C- or better, MAT 021B C- or better)). Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM), and Textiles and Clothing (ATXC) Majors and Agricultural and Resource Economics (GARE), International Agricultural Development (GIAD), Viticulture and Enology (GVEN) and Transportation Technology and Policy (GTTP) Graduate Majors. Theory of individual consumer and market demand; theory of production and supply of agricultural products, with particular reference to the individual firm; price determination, and employment of resources under pure competition. Not open for credit to students who have completed ECN 100. (Letter.) GE credit: QL, SS. Effective: 2018 Winter Quarter.
ARE 100BIntermediate Microeconomics: Imperfect Competition, Markets and Welfare Economics (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better. Pass One open to Managerial Economics Majors (AMGE) and Agricultural and Resource Economics (GARE) Graduate Majors. Price determination, and employment of resources under conditions of monopoly, oligopoly, and monopolistic competition. (Letter.) GE credit: QL, SS. Effective: 2017 Spring Quarter.
ARE 100BIntermediate Microeconomics: Imperfect Competition, Markets and Welfare Economics (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; ((ECN 001A C- or better or ECN 001AV C- or better); ECN 001B C- or better); ((MAT 016A C- or better, MAT 016B C- or better, MAT 016C C- or better) or (MAT 017A C- or better, MAT 017B C- or better) or (MAT 021A C- or better, MAT 021B C- or better)). Pass One open to Managerial Economics Majors (AMGE) and Agricultural and Resource Economics (GARE) Graduate Majors. Price determination, and employment of resources under conditions of monopoly, oligopoly, and monopolistic competition. (Letter.) GE credit: QL, SS. Effective: 2018 Summer Session 1.
ARE 106Econometric Theory and Applications (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; STA 103 C- or better. Pass One open to Managerial Economics Majors (AMGE) and Agricultural and Resource Economics (GARE) Graduate Majors. Statistical methods for analyzing data to solve problems in managerial economics. Topics include the linear regression model, methods to resolve data problems, and the economic interpretation of results. Not open for credit to students who have enrolled in or completed Economics 140. (Letter.) GE credit: QL, SS. Effective: 2017 Spring Quarter.
ARE 106Econometric Theory and Applications (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; (STA 013 C- or better or STA 013Y C- or better); STA 103 C- or better. Pass One open to Managerial Economics Majors (AMGE) and Agricultural and Resource Economics (GARE) Graduate Majors. Statistical methods for analyzing data to solve problems in managerial economics. Topics include the linear regression model, methods to resolve data problems, and the economic interpretation of results. Not open for credit to students who have enrolled in or completed ECN 140. (Letter.) GE credit: QL, SS. Effective: 2018 Summer Session 1.
ARE 107Econometrics for Business Decisions (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 106. Pass One open to Managerial Economics majors; Pass Two open to majors in the College of Agricultural and Environmental Sciences. Covers state-of-the art econometric and statistical methods for causal and predictive modeling with applications to finance and marketing. (Letter.) GE credit: SS. Effective: 2015 Fall Quarter.
ARE 107Econometrics for Business Decisions (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 106; ARE 100A C- or better; (STA 013 C- or better or STA 013Y C- or better); STA 103 C- or better. Pass One open to Managerial Economics majors; Pass Two open to majors in the College of Agricultural and Environmental Sciences. Covers state-of-the art econometric and statistical methods for causal and predictive modeling with applications to finance and marketing. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 112Fundamentals of Organization Management (4) Review all entries Historical
Lecture—4 hour(s). Prerequisite(s): Upper-division standing. Pass One restricted to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Role of organizational design and behavior in business and public agencies. Principles of planning, decision making, individual behavior, management, leadership, informal groups, conflict and change in the organization. (Letter.) GE credit: SS. Effective: 2017 Fall Quarter.
ARE 112Fundamentals of Organization Management (4) Review all entries Active
Lecture—4 hour(s). Prerequisite(s): Upper-division standing recommended. Pass One restricted to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Role of organizational design and behavior in business and public agencies. Principles of planning, decision making, individual behavior, management, leadership, informal groups, conflict and change in the organization. (Letter.) GE credit: SS. Effective: 2018 Summer Session 1.
ARE 113Fundamentals of Marketing Management (4) Active
Lecture—4 hour(s). Prerequisite(s): ECN 001A or ECN 001AV; For non-majors only. Nature of product marketing by the business firm. Customer-product relationships, pricing and demand; new product development and marketing strategy; promotion and advertising; product life cycles; the distribution system; manufacturing, wholesaling, retailing. Government regulation and restraints. Not open for credit to students who have completed ARE 136. (Letter.) GE credit: SS. Effective: 2018 Winter Quarter.
ARE 115AEconomic Development (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): (ECN 001A or ECN 001AV); ECN 001B. Major issues encountered in emerging from international poverty, problems of growth and structural change, human welfare, population growth and health, labor markets and internal migration. Important issues of policy concerning international trade and industrialization. (Same course as ECN 115A.) (Letter.) GE credit: SS, WC. Effective: 2018 Winter Quarter.
ARE 115BEconomic Development (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): (ECN 001A or ECN 001AV); ECN 001B. Macroeconomic issues of developing countries. Issues include problems in generating capital, conduct of monetary and fiscal policies, foreign aid and investment. Important issues of policy concerning international borrowing and external debt of developing countries. (Same course as ECN 115B.) (Letter.) GE credit: SS, WC. Effective: 2018 Spring Quarter.
ARE 118Tax Accounting (4) Active
Lecture—4 hour(s). Prerequisite(s): MGT 011A; MGT 011B; ARE 018 recommended. Development and application of a framework to understand the tax effects of typical management decisions on both entities and their owners. Impacts that different methods of taxation have on business entities with emphasis on tax planning, using income and deduction strategies, retirement plans, and choice of business entity for tax minimization. (Letter.) Effective: 2000 Spring Quarter.
ARE 119Intermediate Managerial Accounting (4) Active
Lecture—4 hour(s); Extensive Problem Solving—8 hour(s). Prerequisite(s): MGT 011A; MGT 011B. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Use of accounting information by mangers in decision making, planning, directing and controlling operations. Focuses on managerial/cost accounting theory and practice. Covers costing systems, budgeting, and financial statement analysis. (Letter.) GE credit: SS. Effective: 2016 Fall Quarter.
ARE 120Agricultural Policy (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Analytical treatment of historical and current economic problems and governmental policies influencing American agriculture. Uses of economic theory to develop historical and conceptual understanding of the economics of agriculture; how public policy influences the nature and performance of American agriculture. (Letter.) GE credit: SS. Effective: 2018 Spring Quarter.
ARE 120SAgricultural Policy (4) Active
Lecture—4 hour(s). Prerequisite(s): ARE 100A; or Consent of Instructor. Analytical treatment of historical and current economic problems and governmental policies influencing agriculture. Uses of economic theory to develop historical and conceptual understanding of the economics of agriculture; how public policy influences the nature and performance of agriculture. Taught in Australia under the supervision of a UC Davis faculty member. Not open for credit to students who have taken ARE 120. (Letter.) GE credit: SS, WC. Effective: 2004 Fall Quarter.
ARE 121Economics of Agricultural Sustainability (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): (ECN 001A or ECN 001AV); MAT 012; Or equivalent of MAT 012. Pass One open to Majors in the College of Agricultural and Environmental Sciences and Graduate Majors. Application of economic concepts to agro-environmental issues relevant to agricultural sustainability. Topics include market efficiency, production externalities, government policies, agricultural trade, product differentiation, all linked to sustainability issues. Case studies include biofuels, genetically modified foods and geographically differentiated products. (Letter.) GE credit: SS. Effective: 2018 Winter Quarter.
ARE 121Economics of Agricultural Sustainability (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ECN 001A C- or better or ECN 001AV C- or better. Pass One open to Majors in the College of Agricultural and Environmental Sciences and Graduate Majors. Application of economic concepts to agro-environmental issues relevant to agricultural sustainability. Topics include market efficiency, production externalities, government policies, agricultural trade, product differentiation, all linked to sustainability issues. Case studies include biofuels, genetically modified foods and geographically differentiated products. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 130Agricultural Markets (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 106. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Nature, function, organizational structure, and operation of agricultural markets; prices, costs, and margins; market information, regulation, and controls; cooperative marketing. (Letter.) GE credit: SS. Effective: 2016 Fall Quarter.
ARE 130Agricultural Markets (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 106; ARE 100A C- or better; (STA 013 C- or better or STA 013Y C- or better); STA 103 C- or better. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Nature, function, organizational structure, and operation of agricultural markets; prices, costs, and margins; market information, regulation, and controls; cooperative marketing. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 132Cooperative Business Enterprises (3) Review all entries Historical
Lecture—3 hour(s). Prerequisite(s): ECN 001A. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Study of cooperative business enterprise in the United States and elsewhere; economic theories of behavior, principles of operation, finance, decision-making, and taxation. (Letter.) GE credit: SS. Effective: 2016 Fall Quarter.
ARE 132Cooperative Business Enterprises (4) Review all entries Active
Lecture—4 hour(s). Prerequisite(s): (ECN 001A C- or better or ECN 001AV C- or better); (UWP 104A or UWP 104AY or UWP 101). Pass One open to Managerial Economics (AMGE) and Animal Science and Management Majors (AANM) and Agricultural and Resource Economics (GARE) Graduate Majors. Study of cooperative business enterprise in the United States and elsewhere; economic theories of behavior, principles of operation, finance, decision-making, and taxation. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 133Introduction to Behavioral Economics (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): (ECN 001A C- or better or ECN 001AV C- or better); (STA 013 C- or better or STA 013Y C- or better). Pass One open to Managerial Economics majors. Inclusion of non-economic factors such as psychological principles in economic decisions and model predictions. Emphasis on behavioral principles, resulting strategies and implications for diverse market settings. (Letter.) Effective: 2018 Fall Quarter.
ARE 135Agribusiness Marketing Plan Development (2) Active
Lecture/Discussion—2 hour(s). Prerequisite(s): Upper division standing. Fundamental components required to develop a marketing plan. Appreciation of the concept of marketing plans, appropriate research required, including the use of library, Internet, survey and interview instruments, government documents, market analysis, business proposition, action planning, financial evaluation and monitoring. (P/NP grading only.) GE credit: SS. Effective: 1999 Fall Quarter.
ARE 136Managerial Marketing (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B; ARE 106. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Application of economic theory and econometrics to the study of marketing and consumer research. Emphasis on industry structure, history, regulatory aspects, integrated brand promotion, market segmentation, optimal product mix, message placement. (Letter.) GE credit: SS. Effective: 2017 Fall Quarter.
ARE 136Managerial Marketing (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B; ARE 106; ARE 100A C- or better; (STA 013 C- or better or STA 013Y C- or better); STA 103 C- or better. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Application of economic theory and econometrics to the study of marketing and consumer research. Emphasis on industry structure, history, regulatory aspects, integrated brand promotion, market segmentation, optimal product mix, message placement. (Letter.) GE credit: SS. Effective: 2018 Summer Session 1.
ARE 138International Commodity and Resource Markets (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Basic nature and scope of international trade in agricultural commodities, agricultural inputs, and natural resources. Market dimensions and policy institutions. Case studies to illustrate import and export problems associated with different regions and commodities. (Letter.) GE credit: SS. Effective: 2016 Fall Quarter.
ARE 138International Commodity and Resource Markets (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B; ARE 100A C- or better. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Basic nature and scope of international trade in agricultural commodities, agricultural inputs, and natural resources. Market dimensions and policy institutions. Case studies to illustrate import and export problems associated with different regions and commodities. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 139Futures and Options Markets (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; STA 103 C- or better. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. History, mechanics, and economic functions of futures and options markets; hedging; theory of inter-temporal price formation and behavior of futures and options prices; price forecasting; futures and options as policy tools. (Letter.) GE credit: SS. Effective: 2018 Winter Quarter.
ARE 139Futures and Options Markets (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; (STA 013 C- or better or STA 013Y C- or better); STA 103 C- or better. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. History, mechanics, and economic functions of futures and options markets; hedging; theory of inter-temporal price formation and behavior of futures and options prices; price forecasting; futures and options as policy tools. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 140Farm Management (4) Review all entries Historical
Lecture—4 hour(s). Prerequisite(s): ECN 001A or ECN 001AV. Pass One open to Managerial Economics majors. Farm organization and resources; economic and technological principles in decision making; analytical techniques and management control; problems in organizing and managing the farm business. (Letter.) GE credit: SS. Effective: 2018 Winter Quarter.
ARE 140Farm Management (4) Review all entries Active
Lecture—4 hour(s). Prerequisite(s): ECN 001A C- or better or ECN 001AV C- or better. Pass One open to Managerial Economics majors. Farm organization and resources; economic and technological principles in decision making; analytical techniques and management control; problems in organizing and managing the farm business. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 142Personal Finance (3) Active
Lecture—3 hour(s). Prerequisite(s): ECN 001B. Management of income and expenditures by the household. Use of consumer credit, savings, and insurance by households. Principles of tax, retirement, and estate planning. (Letter.) GE credit: SS. Effective: 1997 Winter Quarter.
ARE 143Investments (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): Consent of Instructor. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Survey of investment institutions, sources of investment information, and portfolio theory. Analysis of the stock, bond and real estate markets from the perspective of the investor. (Letter.) GE credit: SS. Effective: 2017 Winter Quarter.
ARE 143Investments (4) Review all entries Historical
Lecture—4 hour(s). Pass One open to upper-division Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Survey of investment institutions, sources of investment information, and portfolio theory. Analysis of the stock, bond and real estate markets from the perspective of the investor. Not open for credit to students who completed ARE 171 or ARE 171A. (Letter.) GE credit: SS. Effective: 2018 Summer Session 1.
ARE 143Investments (4) Review all entries Active
Lecture—4 hour(s). Pass One open to upper-division Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Survey of investment institutions, sources of investment information, and portfolio theory. Analysis of the stock, bond and real estate markets from the perspective of the investor. Not open for credit to students who are concurrently enrolled in or have completed ARE 171 or ARE 171A. (Letter.) GE credit: SS. Effective: 2019 Winter Quarter.
ARE 144Real Estate Economics (4) Active
Lecture—4 hour(s). Prerequisite(s): ARE 100A C- or better. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Economic theory, analysis, and institutions of real estate markets and related financial markets. Techniques for appraising property values. Cases drawn from the raw land, single family, multifamily, industrial and office real estate markets. (Letter.) GE credit: SS. Effective: 2018 Spring Quarter.
ARE 145Farm and Rural Resources Appraisal (4) Active
Lecture/Discussion—4 hour(s). Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Principles and procedures of the valuation process with emphasis placed on rural real estate. Course includes identification of the major physical and economic determinants of value, the three primary appraisal approaches to valuation, discussion of appraisal activity and practice. (Letter.) GE credit: SS. Effective: 2016 Fall Quarter.
ARE 146Business, Government Regulation, and Society (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Variety, nature and impact of government regulation: anti-trust laws and economic and social regulation. Nature of the legislative process, promulgation of regulations, and their impact, especially as analyzed by economists. (Letter.) GE credit: ACGH, SS. Effective: 2016 Fall Quarter.
ARE 146Business, Government Regulation, and Society (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B; ARE 100A C- or better. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Variety, nature and impact of government regulation: anti-trust laws and economic and social regulation. Nature of the legislative process, promulgation of regulations, and their impact, especially as analyzed by economists. (Letter.) GE credit: ACGH, SS. Effective: 2018 Fall Quarter.
ARE 147Resource and Environment Policy Analysis (3) Active
Lecture—3 hour(s). Prerequisite(s): ECN 001A or ECN 001AV. Open to non-majors only. Natural resource use problems with emphasis on past and current policies and institutions affecting resource use; determinants, principles, and patterns of natural resource use; property rights; conservation; private and public resource use problems; and public issues. Students who have had or are taking ARE 100A, ECN 100, or the equivalent, may receive only 2 units of credit, so must enroll in ARE 147M instead. (Letter.) GE credit: SS. Effective: 2018 Spring Quarter.
ARE 147MResource and Environmental Policy Analysis (2) Active
Lecture—3 hour(s). Prerequisite(s): ECN 001A or ECN 001AV. Open to non-majors only. Natural resource use problems with emphasis on past and current policies and institutions affecting resource use; determinants, principles, and patterns of natural resource use; property rights; conservation; private and public resource use problems; and public issues. Students who have had or are taking ARE 100A, ECN 100, or the equivalent, must enroll in this course for 2 units rather than ARE 147. (Letter.) GE credit: SS. Effective: 2018 Spring Quarter.
ARE 150Agricultural Labor (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Analysis of labor markets with focus on U.S. and world agriculture. Labor supply, demand, market equilibrium; why farm labor markets are different; global trends in farm labor; U.S. farm labor history; unions and collective bargaining; immigration policy. (Letter.) GE credit: SS. Effective: 2018 Spring Quarter.
ARE 155Operations Research and Management Science (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; STA 103 C- or better. Pass One open to Managerial Economics (AMGE) and Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Introduction to quantitative methods used to analyze business and economic processes: decision analysis for management, mathematical programming, competitive analysis, and other methods. (Letter.) GE credit: QL, SS. Effective: 2017 Spring Quarter.
ARE 155Operations Research and Management Science (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; (STA 013 C- or better or STA 013Y C- or better); STA 103 C- or better. Pass One open to Managerial Economics (AMGE) and Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Introduction to quantitative methods used to analyze business and economic processes: decision analysis for management, mathematical programming, competitive analysis, and other methods. (Letter.) GE credit: QL, SS. Effective: 2018 Summer Session 1.
ARE 156Introduction to Mathematical Economics (4) Review all entries Historical
Lecture—4 hour(s). Prerequisite(s): ARE 100B; ARE 155. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Linear algebra for economists; necessary and sufficient conditions in static optimization problems; implicit function theorem; economic methodology and mathematics; comparative statics; envelope theorem; Le Chatelier principle; applications to production and consumer models. (Letter.) GE credit: QL, SS. Effective: 2016 Fall Quarter.
ARE 156Introduction to Mathematical Economics (4) Review all entries Active
Lecture—4 hour(s). Prerequisite(s): ARE 100B; ARE 155; ARE 100A C- or better; (STA 013 C- or better or STA 013Y C- or better); STA 103 C- or better. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Linear algebra for economists; necessary and sufficient conditions in static optimization problems; implicit function theorem; economic methodology and mathematics; comparative statics; envelope theorem; Le Chatelier principle; applications to production and consumer models. (Letter.) GE credit: QL, SS. Effective: 2018 Fall Quarter.
ARE 157Analysis for Operations and Production Management (4) Review all entries Historical
Lecture—4 hour(s). Prerequisite(s): ARE 155. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Application of economic theory and quantitative methods to analyze operations and production management problems including process strategy, quality management, location and plant layout, and inventory management. (Letter.) GE credit: SS. Effective: 2016 Fall Quarter.
ARE 157Analysis for Operations and Production Management (4) Review all entries Active
Lecture—4 hour(s). Prerequisite(s): ARE 155; ARE 100A C- or better; (STA 013 C- or better or STA 013Y C- or better); STA 103 C- or better. Pass One open to Managerial Economics (AMGE), Animal Science and Management (AANM) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Application of economic theory and quantitative methods to analyze operations and production management problems including process strategy, quality management, location and plant layout, and inventory management. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 165Emerging Economies and Globalization (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; ARE 115A; ARE 115B; Completion of ARE 106 and ECN 162 strongly recommended. Pass One open to Managerial Economics and graduate majors. Economic drivers and policy challenges in the major emerging markets, with an emphasis on the effects of rising incomes, population growth, urbanization, and relative wages on world markets and natural resources. (Letter.) GE credit: SS. Effective: 2018 Spring Quarter.
ARE 166The Economics of Global Poverty Reduction: What Works and Why (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B or ECN 100; ARE 106 or ECN 140; ARE 115A or ECN 115A. Pass One open to Managerial Economics (AMGE) and Economics (LECN) majors only. Application of microeconomic theory and econometrics to understand causes of poverty and critically evaluate poverty alleviation policies in low income countries. (Letter.) Effective: 2017 Spring Quarter.
ARE 166The Economics of Global Poverty Reduction: What Works and Why (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): (ARE 100B or ECN 100 or ECN 100B); (ARE 106 or ECN 140); (ARE 115A or ECN 115A). Pass One open to Managerial Economics (AMGE) and Economics (LECN) majors only. Application of microeconomic theory and econometrics to understand causes of poverty and critically evaluate poverty alleviation policies in low income countries. (Letter.) Effective: 2018 Fall Quarter.
ARE 171Principles of Finance (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better; ARE 106; MGT 011A; MGT 011B. Pass One open to Managerial Economics Majors and Agricultural and Resource Economics Graduate Majors. Principles of corporate financial management. Time value of money, interest rates, principles of valuation, NPV, risk and return, and cost of capital. Not open for credit to students who have completed ECN 134. (Letter.) Effective: 2018 Summer Session 1.
ARE 171AFinancial Management of the Firm (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 106; MGT 011A; MGT 011B. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Financial analysis at the firm level: methods of depreciation; influence of the tax structure; inventory, cash, and accounts receivable management; sources of short-term and long-term financing, and financial problem solving using a computer spreadsheet program. Not open for credit to students who have completed Economics 134. (Letter.) GE credit: QL, SS. Effective: 2017 Winter Quarter.
ARE 171AFinancial Management of the Firm (4) Review all entries Discontinued
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 106; MGT 011A; MGT 011B. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Financial analysis at the firm level: methods of depreciation; influence of the tax structure; inventory, cash, and accounts receivable management; sources of short-term and long-term financing, and financial problem solving using a computer spreadsheet program. Not open for credit to students who have completed Economics 134. (Letter.) GE credit: QL, SS. Effective: 2018 Summer Session 1.
ARE 171BFinancial Management of the Firm (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 171A. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Financial analysis at the firm level: methods of capital budgeting; calculating the cost of capital; dividend policies; mergers and acquisitions; and special current topics in finance. (Letter.) GE credit: QL, SS. Effective: 2017 Winter Quarter.
ARE 171BFinancial Management of the Firm (4) Review all entries Discontinued
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 171A. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Financial analysis at the firm level: methods of capital budgeting; calculating the cost of capital; dividend policies; mergers and acquisitions; and special current topics in finance. (Letter.) GE credit: QL, SS. Effective: 2018 Summer Session 1.
ARE 172Financial Management of the Firm (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): (ARE 171A or ARE 171); ARE 106; ARE 100A C- or better; MGT 011A; MGT 011B. Pass One open to Managerial Economics Majors and Agricultural and Resource Economics Graduate Majors. Financial analysis at the firm level: optimizing capital structure; minimizing the cost of capital; dividend policies; mergers and acquisitions; real options; and risk management. (Letter.) Effective: 2018 Summer Session 1.
ARE 173Capital Markets (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 171 or ARE 171A. Pass One Open to Managerial Economics majors and Agricultural and Resource Economics graduate majors. Introduction to asset pricing. Valuation and risk characteristics of financial assets, including stocks, bonds, futures, and options. Investors’ attitudes toward risk, capital allocation, portfolio selection, the capital asset pricing model, and the efficient market hypothesis. (Letter.) Effective: 2018 Spring Quarter.
ARE 173Capital Markets (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): (ARE 171A or ARE 171); ARE 106; ARE 100A C- or better; MGT 011A; MGT 011B. Pass One Open to Managerial Economics majors and Agricultural and Resource Economics graduate majors. Introduction to asset pricing. Valuation and risk characteristics of financial assets, including stocks, bonds, futures, and options. Investors’ attitudes toward risk, capital allocation, portfolio selection, the capital asset pricing model, and the efficient market hypothesis. (Letter.) Effective: 2018 Fall Quarter.
ARE 175Natural Resource Economics (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B or ECN 100; Or the equivalent. Pass One open to Managerial Economics (AMGE) and Environmental Policy Analysis and Planning (AEPP) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Economic concepts and policy issues associated with natural resources, renewable resources (ground water, forests, fisheries, and wildlife populations) and non-renewable resources (minerals and energy resources, soil). (Same course as Environmental Science and Policy 175) (Letter.) GE credit: SS. Effective: 2017 Winter Quarter.
ARE 175Natural Resource Economics (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better or ECN 100A C- or better or ECN 100 C- or better. Pass One open to Managerial Economics (AMGE) and Environmental Policy Analysis and Planning (AEPP) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Economic concepts and policy issues associated with natural resources, renewable resources (ground water, forests, fisheries, and wildlife populations) and non-renewable resources (minerals and energy resources, soil). (Same course as ESP 175.) (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 176Environmental Economics (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100B or ECN 100. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Role of the environment in economic activity and methods for protecting and enhancing environmental quality; implications of market failures for public policy; design of environmental policy; theory of welfare measurement; measuring the benefits of environmental improvement. (Letter.) GE credit: SS. Effective: 2017 Winter Quarter.
ARE 176Environmental Economics (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 100A C- or better or ECN 100A C- or better or ECN 100 C- or better. Pass One open to Managerial Economics (AMGE) Majors and Agricultural and Resource Economics (GARE) Graduate Majors. Role of the environment in economic activity and methods for protecting and enhancing environmental quality; implications of market failures for public policy; design of environmental policy; theory of welfare measurement; measuring the benefits of environmental improvement. (Letter.) GE credit: SS. Effective: 2018 Fall Quarter.
ARE 190Topics in Managerial Economics (3) Active
Lecture—3 hour(s). Prerequisite(s): ARE 100A; STA 103; and Consent of Instructor. Selected topics in managerial economics, focusing on current research. May be repeated up to 4 Time(s) when the topic differs. (Letter.) GE credit: SS. Effective: 2012 Fall Quarter.
ARE 192Internship (1-6) Active
Internship—3-18 hour(s). Internship experience off and on campus in all subject areas offered in the Department of Agricultural and Resource Economics. Internships are supervised by a member of the staff. (P/NP grading only.) GE credit: SS. Effective: 1997 Winter Quarter.
ARE 194HASpecial Study for Honors Students (4) Active
Independent Study—3 hour(s); Seminar—1 hour(s). Prerequisite(s): ARE 100B; ARE 106; ARE 155 (can be concurrent); and Consent of Instructor. Minimum GPA of 3.500; major in Agricultural and Managerial Economics or Managerial Economics; senior standing. A program of research culminating in the writing of a senior honors thesis under the direction of a faculty adviser. (Letter.) GE credit: QL, SS, WE. Effective: 2000 Winter Quarter.
ARE 194HBSpecial Study for Honors Students (4) Active
Independent Study—3 hour(s); Seminar—1 hour(s). Prerequisite(s): ARE 100B; ARE 106; ARE 155 (can be concurrent); Minimum GPA of 3.500; major in Agricultural and Managerial Economics or Managerial Economics; senior standing. A program of research culminating in the writing of a senior honors thesis under the direction of a faculty adviser. (Letter.) GE credit: QL, SS, WE. Effective: 2000 Winter Quarter.
ARE 197TTutoring in Managerial Economics (1-3) Active
Variable. Prerequisite(s): Senior standing in Managerial Economics and consent of Department Chairperson. Undergraduates assist the instructor by tutoring students in one of the department's regularly scheduled courses. (P/NP grading only.) GE credit: SS. Effective: 2012 Fall Quarter.
ARE 198Directed Group Study (1-5) Active
Variable. Prerequisite(s): Consent of Instructor. (P/NP grading only.) GE credit: SS. Effective: 1997 Winter Quarter.
ARE 199Special Study for Advanced Undergraduates (1-5) Active
Variable. Prerequisite(s): Consent of Instructor. (P/NP grading only.) GE credit: SS. Effective: 1997 Winter Quarter.
ARE 200AMicroeconomic Theory (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): Graduate standing. Linear and non-linear optimization theory applied to develop the theory of the profit-maximizing firm and the utility-maximizing consumer. (Same course as ECN 200A.) (Letter.) Effective: 2018 Winter Quarter.
ARE 200BMicroeconomic Theory (5) Review all entries Historical
Lecture—4 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200A. Characteristics of market equilibrium under perfect competition, simple monopoly and monopsony. Emphasis on general equilibrium and welfare economics; the sources of market success and market failures. (Same course as Economics 200B) (Letter.) Effective: 1997 Winter Quarter.
ARE 200BMicroeconomic Theory (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200A. Characteristics of market equilibrium under perfect competition, simple monopoly and monopsony. Emphasis on general equilibrium and welfare economics; the sources of market success and market failure. (Same course as ECN 200B.) (Letter.) Effective: 2018 Fall Quarter.
ARE 200CMicroeconomic Theory (5) Review all entries Historical
Lecture—4 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200B. Uncertainty and information economics. Individual decision making under uncertainty. Introduction to game theory, with emphasis on applications to markets with firms that are imperfect competitors or consumers that are imperfectly informed. (Same course as Economics 200C) (Letter.) Effective: 1997 Winter Quarter.
ARE 200CMicroeconomic Theory (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200B. Uncertainty and information economics. Individual decision making under uncertainty. Introduction to game theory, with emphasis on applications to markets with firms that are imperfect competitors or consumers that are imperfectly informed. (Same course as ECN 200C.) (Letter.) Effective: 2018 Fall Quarter.
ARE 202AIntroduction to Applied Research Methods (3) Review all entries Historical
Lecture/Discussion—3 hour(s). Prerequisite(s): ARE 204A; ARE 256; ARE 200A (can be concurrent); Or the equivalent of ARE 204A and ARE 256. Study of philosophy and methodology of applied research in agricultural economics. Methods of conceptualization of researchable topics. Method of communication and constructive criticism. (Letter.) Effective: 1997 Winter Quarter.
ARE 202AIntroduction to Applied Research Methods (3) Review all entries Active
Lecture/Discussion—3 hour(s). Prerequisite(s): ARE 204A; ARE 200A (can be concurrent); ARE 256A. Study of philosophy and methodology of applied research in agricultural economics. Methods of conceptualization of researchable topics. Method of communication and constructive criticism. (Letter.) Effective: 2018 Fall Quarter.
ARE 202BApplied Microeconomics I: Consumer and Producer Behavior (3) Active
Lecture/Discussion—3 hour(s). Prerequisite(s): ARE 200A; ARE 202A; ARE 200B (can be concurrent). Application of consumer and producer theory in models of individual behavior and market-level phenomena. Implications of consumer and producer theory for specification of empirical models of supply and demand for inputs and outputs and market equilibrium displacement models. (Letter.) Effective: 1997 Winter Quarter.
ARE 202CResearch Design for Applied Microeconomics (3) Active
Lecture/Discussion—3 hour(s). Prerequisite(s): ARE 240A; ARE 202B. Third of three courses in the Ph.D. level applied microeconomics sequence. Examines the design of empirical research and the application of econometric theory. (Letter.) Effective: 2014 Fall Quarter.
ARE 204AMicroeconomic Analysis I (4) Active
Lecture—4 hour(s). Prerequisite(s): ARE 100B or ECN 100; Advanced undergraduates with consent of instructor. Behavior of consumers and producers and their interactions; tools and methods needed to analyze economic behavior in the marketplace. Application of those methods to real-world problems. (Letter.) Effective: 2006 Fall Quarter.
ARE 204BMicroeconomic Analysis II (4) Active
Lecture—4 hour(s). Prerequisite(s): ARE 204A; or Consent of Instructor. Behavior in imperfectly competitive markets--monopoly and price discrimination; oligopoly. Introduction to noncooperative game theory. Analysis of decisions made under risk and uncertainty and imperfect information. The economics of externalities and public goods. (Letter.) Effective: 2006 Fall Quarter.
ARE 214Development Economics (4) Active
Lecture—4 hour(s). Prerequisite(s): ARE 100A; ARE 100B; ECN 101; ARE 204A and ECN 160A, ECN 160B recommended. Review of the principal theoretical and empirical issues whose analysis has formed development economics. Analysis of economic development theories and development strategies and their application to specific policy issues in developing country contexts. (Same course as ECN 214.) (Letter.) Effective: 1997 Winter Quarter.
ARE 215AMicrodevelopment Theory and Methods I (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200A or ARE 204A; ARE 240A recommended. Agricultural development theory, with a focus on microeconomics. Agricultural household behavior with and without imperfections and uncertainty. Analysis of rural land, labor, credit and insurance markets, institutions, and contracts. (Same course as ECN 215A.) (Letter.) Effective: 1999 Fall Quarter.
ARE 215BOpen Macroeconomics of Development (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): (ARE 200A or ARE 204A); (ARE 214 or ARE 215A); (ARE 200D or ARE 205). Models and policy approaches regarding trade,monetary and fiscal issues, capital flows and debt are discussed in the macroeconomic framework of an open developing country. The basic analytical focus is real exchange rate and its impact on sectoral allocation of resources. (Same course as ECN 215B.) (Letter.) Effective: 1997 Winter Quarter.
ARE 215CMicrodevelopment Theory and Methods II (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 215A. Extension of development theory and microeconomic methods. Agricultural growth and technological change; poverty and income inequality; multisectoral, including village and regional models. Computable general equilibrium methods and applications. (Same course as ECN 215C.) (Letter.) Effective: 1999 Fall Quarter.
ARE 215DEnvironmental and Economic Development (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200A; (ARE 204A or ARE 275). Interdisciplinary course drawing on theoretical and empirical research on interactions between environmental resource use and economic development processes. Analysis of issues emerging at the interface of environmental and development economics. (Same course as ECN 215D.) (Letter.) Effective: 1998 Spring Quarter.
ARE 222International Agricultural Trade and Policy (4) Active
Lecture—4 hour(s). Prerequisite(s): (ARE 100B or ARE 204A); ECN 160A; Or the equivalent of ECN 160A. Analysis of country interdependence through world agricultural markets. Partial equilibrium analysis is used to study the impacts of national intervention on world markets, national policy choice in an open economy and multinational policy issues. (Letter.) Effective: 2014 Fall Quarter.
ARE 223Economics of Agriculture (4) Active
Lecture—4 hour(s). Prerequisite(s): ARE 204A (can be concurrent); ARE 256A (can be concurrent); Or equivalent course(s) completed or concurrent required. Open to MS students in Agricultural and Resource Economics, Ph.D. students in Agricultural and Resource Economics and qualified students from other UC Davis graduate groups/programs. Analytic treatment of the historical development and contemporary role of agriculture in the global, U.S. and California economies. Uses economic reasoning and evidence to develop historical and conceptual understanding of the economics of agriculture, agricultural issues, and related government policies. (Letter.) Effective: 2015 Fall Quarter.
ARE 231Supply and Demand for Agricultural Products (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200A; ARE 202A; ARE 240A; or Consent of Instructor. Analysis of supply and demand for agricultural commodities emphasizing the effective use of microeconomic theory with econometric methods, and other empirical procedures, in conducting applied analysis of supply and demand at the firm and industry level. (Letter.) Effective: 1999 Fall Quarter.
ARE 232Agricultural Commodity Markets (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200A; ARE 202A; ARE 240A; or Consent of Instructor. Economic analysis of industries that produce, market, transport, store, and process basic commodities. Analysis of market equilibrium under perfect and imperfect competition, with and without government involvement. (Letter.) Effective: 1999 Fall Quarter.
ARE 233Agricultural Policy (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 200A; ARE 202A; ARE 240A; or Consent of Instructor. Nature, formation, evolution, and institutions of economic policy applied to food, agricultural, and rural issues. Examples for detailed consideration include food security, commodity issues, and trade policy. Analytical approaches include static and dynamic welfare analysis, policy design, and political-economic analysis. (Letter.) Effective: 1999 Fall Quarter.
ARE 239Econometric Foundations (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): Graduate standing or consent of instructor. Course will prepare students for econometric theory and empirical work by examining the statistical foundation of econometrics. Special attention is paid to problems specific to non-experimental data common to social sciences. Topics from matrix algebra are also covered. (Same course as ECN 239.) (Letter.) Effective: 2016 Fall Quarter.
ARE 240AEconometric Methods (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 239; or Consent of Instructor. Least squares, instrumental variables, and maximum likelihood estimation and inference for single equation linear regression model; linear restrictions; heteroskedasticity; autocorrelation; lagged dependent variables. (Same course as ECN 240A.) (Letter.) Effective: 2017 Fall Quarter.
ARE 240BEconometric Methods (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 240A. Topics include asymptotic theory and instrumental variables, pooled time-series cross-section estimation, seemingly unrelated regression, classical hypothesis tests, identification and estimation of simultaneous equation models, cointegration, errorcorrection models, and qualitative and limited dependent variable models. (Same course as ECN 240B.) (Letter.) Effective: 2000 Spring Quarter.
ARE 240CTime Series Econometrics (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 240B; or Consent of Instructor. Probability theory; estimation, inference and forecasting of time series models; trends and non-standard asymptotic theory; vector time series methods and cointegration; time series models for higher order moments and transition data; state-space modeling; the Kalman filter. (Same course as ECN 240C.) (Letter.) Effective: 2016 Fall Quarter.
ARE 240DCross Section Econometrics (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 240B; or Consent of Instructor. Estimation and inference for nonlinear regression models for cross-section data; models for discrete data and for limited dependent variables; models for panel data; additional topics such as bootstrap and semiparametric regression. (Same course as Economics 240D) (Same course as ECN 240D.) (Letter.) Effective: 2016 Fall Quarter.
ARE 240ETopics in Time Series Econometrics (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 240C; or Consent of Instructor. Modern econometric techniques for time series data. Expand on topics covered in Economics 240A, 240B and 240C. Contents may vary from year to year. (Same course as ECN 240E.) (Letter.) Effective: 2016 Fall Quarter.
ARE 240FTopics in Cross Section Econometrics (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 240D; or Consent of Instructor. Modern econometrics techniques for cross-section data. Expand on topics covered in Economics 240A, 240B and 240D. Contents may vary from year to year. (Same course as ECN 240F.) (Letter.) Effective: 2016 Fall Quarter.
ARE 252Optimization with Economic Applications (4) Active
Lecture—3 hour(s); Discussion—1 hour(s). Microeconomic topics in the framework of mathematical programming. (Letter.) Effective: 2013 Winter Quarter.
ARE 254Dynamic Optimization Techniques with Economic Applications (4) Review all entries Historical
Lecture—4 hour(s). Prerequisite(s): ARE 253; And elementary knowledge of ordinary differential equations. Necessary and sufficient conditions in the calculus of variations and optimal control, economic interpretations, the dynamic envelope theorem and transversality conditions, infinite horizon problems and phase diagrams, local stability and comparative statics of the steady state, comparative dynamics. (Letter.) Effective: 1997 Winter Quarter.
ARE 254Dynamic Optimization Techniques with Economic Applications (4) Review all entries Active
Lecture—4 hour(s). Prerequisite(s): Elementary knowledge of ordinary differential equations. Necessary and sufficient conditions in the calculus of variations and optimal control, economic interpretations, the dynamic envelope theorem and transversality conditions, infinite horizon problems and phase diagrams, local stability and comparative statics of the steady state, comparative dynamics. (Letter.) Effective: 2018 Fall Quarter.
ARE 255Applied Dynamic Structural Econometric Modeling (4) Active
Lecture—4 hour(s). Prerequisite(s): ARE 254. Course covers structural econometric models of static games of incomplete information, single-agent dynamic optimization problems and multi-agent dynamic games, with a focus on applications to issues relevant to the environment, energy, natural resources, agriculture, and development. (Letter.) Effective: 2014 Fall Quarter.
ARE 256AApplied Econometrics I (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 106 or ECN 140; or Consent of Instructor. First of two courses in the Masters-level econometrics sequence. The linear regression model and generalizations are applied to topics in agricultural and resource economics. Tools for empirical research for problems requiring more sophisticated tools than standard regression models are emphasized. (Letter.) Effective: 2015 Spring Quarter.
ARE 256AApplied Econometrics I (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 106 or ECN 140; or Consent of Instructor. First of two courses in the Masters-level econometrics sequence. The linear regression model and generalizations are applied to topics in applied economics. Tools for empirical research for problems requiring more sophisticated tools than standard regression models are emphasized. (Letter.) Effective: 2019 Winter Quarter.
ARE 256BApplied Econometrics II (4) Review all entries Historical
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 256A; or Consent of Instructor. Second of two courses in the Masters-level econometrics sequence. The linear regression model and generalizations are applied to topics in agricultural and resource economics. Tools for empirical research for problems requiring more sophisticated tools than standard regression models are emphasized. (Letter.) Effective: 2015 Spring Quarter.
ARE 256BApplied Econometrics II (4) Review all entries Active
Lecture—3 hour(s); Discussion—1 hour(s). Prerequisite(s): ARE 256A; or Consent of Instructor. Second of two courses in the Masters-level econometrics sequence. The linear regression model and generalizations are applied to a variety of topics in applied economics. Tools for empirical research for problems requiring more sophisticated tools than standard regression models are emphasized. (Letter.) Effective: 2019 Winter Quarter.
ARE 258Demand and Market Analysis (4) Review all entries Historical
Lecture—4 hour(s). Prerequisite(s): ARE 204B; ARE 256; or Consent of Instructor. Application of theoretical material covered in 204A/B, with particular focus on production theory/factor demand and imperfect competition/market power. Use of theoretical models as a foundation for empirical economic analysis, and empirical exercises. Independent research on chosen topics, with empirical application. (Letter.) Effective: 2011 Fall Quarter.
ARE 258Demand and Market Analysis (4) Review all entries Active
Lecture—4 hour(s). Prerequisite(s): ARE 204B; ARE 256B; or Consent of Instructor. Application of theoretical material covered in 204A/B, with particular focus on production theory/factor demand and imperfect competition/market power. Use of theoretical models as a foundation for empirical economic analysis, and empirical exercises. Independent research on chosen topics, with empirical application. (Letter.) Effective: 2018 Fall Quarter.
ARE 275Economic Analysis of Resource and Environmental Policies (4) Active
Lecture/Discussion—4 hour(s). Prerequisite(s): ARE 204A. Development of externality theory, market failure concepts, welfare economics, theory of renewable and non-renewable resource use, and political economic models. Applications to policy issues regarding the agricultural/environment interface and managing resources in the public domain. (Same course as ESP 275.) (Letter.) Effective: 1999 Spring Quarter.
ARE 276AEnvironmental Economics: Externalities (4) Active
Lecture—4 hour(s). Prerequisite(s): Students should have completed the first year graduate level sequence in microeconomics and econometrics. Course introduces fundamental and recent research in environmental economics, focusing on the design, implementation and evaluation of environmental policy instruments to correct market failures. It will expose students to economic theories and empirical techniques frequently used in this field. (Letter.) Effective: 2014 Fall Quarter.
ARE 276BEnvironmental Economics: Non-Market Valuation (4) Active
Lecture—4 hour(s). Prerequisite(s): Students should have completed the first year graduate level sequence in microeconomics and econometrics. Second PhD field course in environmental economics, covering theory and econometrics of methods for valuing nonmarket goods and environmental quality changes. Topics include revealed preference (travel cost, hedonics, sorting equilibrium) and stated preference (contingent valuation, choice experiments, conjoint analysis) techniques. (Letter.) Effective: 2014 Fall Quarter.
ARE 277Natural Resource Economics (4) Active
Lecture—4 hour(s). Prerequisite(s): ARE 254; or Consent of Instructor. Application of capital theory and dynamic methods to issues of optimal use of renewable and nonrenewable resources. Examination of policy issues associated with forests, fisheries, groundwater, energy resources, watersheds, soil, global climate, and wildlife. (Letter.) Effective: 1999 Spring Quarter.
ARE 290Topics in Agricultural and Resource Economics (3) Active
Lecture—3 hour(s). Selected topics in agricultural and resource economics, focusing on current research. May be repeated up to 4 Time(s) for credit. (Letter.) Effective: 2002 Fall Quarter.
ARE 293Analysis of California Agriculture and Resources (3) Active
Lecture—1.5 hour(s); Fieldwork—45 hour(s). Review and analysis of production, marketing, and resource issues facing agricultural firms in California. Application of economic theory and measurement to individual firm and industry decisions in an applied setting. Fieldwork-45 hours total, including one 5-day summer field trip. (S/U grading only.) Effective: 1997 Winter Quarter.
ARE 298Directed Group Study (1-5) Active
Variable. Advanced study through special seminars, informal group studies, or group research on problems for analysis and experimentation. Sections:(1) Managerial Economics; (2) Agricultural Policy; (3) Community and Regional Development; (4) Natural Resources; (5) Human Resources; (6) Research Methods and Quantitative Analysis. (Letter.) Effective: 1997 Winter Quarter.
ARE 299Individual Study (1-12) Active
Variable. Sections: (1) Managerial Economics; (2) Agricultural Policy; (3) Community and Regional Development; (4) Natural Resources; (5) Human Resources; (6) Research Methods and Quantitative Analysis; and (7) Dissertation Research Prospectus. (S/U grading only.) Effective: 1997 Winter Quarter.
ARE 299DSpecial Study for Doctoral Dissertation (1-12) Active
Variable. (S/U grading only.) Effective: 1997 Winter Quarter.
ARE 396Teaching Assistant Training Practicum (1-4) Active
Variable—3-36 hour(s). Prerequisite(s): Graduate standing. May be repeated for credit. (P/NP grading only.) Effective: 1997 Winter Quarter.