Graduate School Bulletin - Spring 2005

AGRICULTURAL ECONOMICS

The Department of Agricultural Economics provides programs leading to the degrees of Master of Science and the Doctor of Philosophy. Graduate Faculty in the department provide areas of emphasis in agricultural policy, price analysis, agricultural marketing, farm management, domestic and international economic development, and resource and production economics. Students must complete a core of courses in agricultural economics, economics and statistics.

Students holding degrees in agricultural economics are employed by academic institutions, local, state, and federal agencies that deal with agriclture, natural resources and economic development; private firms in the agricultural and business sectors; and agencies and governments of foreign countries. These agricultural economists conduct research, develop extension services, teach classes, and serve as managers and administrators in various types of firms and agencies.

Admission Requirements

Students entering the M.S. program are expected to have at least one course in each of the following areas: intermediate microeconomics, intermediate macroeconomics, calculus, and statistics. An undergraduate degree in agricultural economics or economics is advantageous. There are no minimum GPA or GRE requirements beyond those of the Graduate School, but such information, along with letters of recommendation is used qualitatively in the admission decision.

Students entering the Ph.D. program are expected to have the following courses: a two-course calculus sequence, M.S. level microeconomic theory, M.S. level macroeconomic theory, and statistics theory. Some of these courses may be taken during the student's first semester. A Master's degree in a relevant discipline is required for entry into the Ph.D. program. There are no minimum GPA or GRE requirements beyond the Graduate School's, but such information, along with letters of recommendation is used qualitatively in the admission decision.

Degree Requirements

The master's program is offered in either Plan A or Plan B. The thesis option (Plan A) requires a minimum of 24 hours of graduate credit, a research thesis and an oral final exam. Plan B requires a minimum of 36 hours of graduate credit and an oral final exam.

In addition to the course work requirements, students in the Ph.D. program are required to take a comprehensive examination in microeconomics and macroeconomics administered by the Department of Economics. Students also must complete a qualifying examination on the application of economic analysis to agriculture and related fields within the Department of Agricultural Economics. The ability to conduct original research in agricultural economics, documented through the completion of a dissertation, is required.

Graduate students have considerable flexibility to structure their program with respect to course work and research topics consistent with individual interests. Each student has a major professor and an advisory committee to assist in course work selection and in the thesis and dissertation research.

A graduate handbook is available that provides information regarding program content, degree options and available financial assistance. Send request to:

Director of Graduate Studies

Department of Agricultural Economics

400 Charles E. Barnhart Building

University of Kentucky

Lexington, KY 40506-0276

aecdgs@lsv.uky.edu

www.uky.edu/AG/AgEcon

GRADUATE COURSES

AEC 441G AGRICULTURAL FINANCIAL MANAGEMENT (3)

AEC 445G INTRODUCTION TO RESOURCE AND ENVIRONMENTAL ECONOMICS (3)

AEC 510 INTERNATIONAL TRADE AND AGRICULTURAL MARKETING (3)

AEC 531 AGRICULTURAL PRICE ANALYSIS (3)

AEC 532 AGRICULTURAL AND FOOD POLICY (3)

AEC 545 RESOURCE AND ENVIRONMENTAL ECONOMICS (3)

AEC 580 SPECIAL PROBLEMS IN AGRICULTURAL ECONOMICS (1-3)

AEC 590 INTRODUCTION TO QUANTITATIVE ECONOMICS I (SAME AS ECO 590) (3)

AEC 606 ADVANCED AGRICULTURAL MARKETING (3)

AEC 610 INTERNATIONAL TRADE IN AGRICULTURAL PRODUCTS (3)

AEC 620 ADVANCED PRODUCTION ECONOMICS I (3)

AEC 624 ADVANCED QUANTITATIVE METHODS IN AGRICULTURAL ECONOMICS (3)

AEC 626 AGRICULTURE AND ECONOMIC DEVELOPMENT (SAME AS ECO 674) (3)

AEC 627 PROJECT ANALYSIS FOR RURAL DEVELOPMENT (3)

AEC 640 ADVANCED AGRICULTURAL POLICY (3)

AEC 645 NATURAL RESOURCE ECONOMICS (3)

AEC 646 INTERTEMPORAL ALLOCATION OF NATURAL RESOURCES (3)

AEC 653 LOCAL ECONOMIC DEVELOPMENT (SAME AS PA 653) (3)

AEC 661 PROGRAMMING MODELS IN AGRICULTURAL ECONOMICS (3)

AEC 662 QUANTITATIVE METHODS IN RENEWABLE RESOURCE MANAGEMENT (SAME AS FOR 662) (3)

AEC 691 STRUCTURE OF U.S. AGRICULTURE (SAME AS SOC 691) (3)

AEC 748 MASTER'S THESIS RESEARCH (0)

AEC 749 DISSERTATION RESEARCH (0)

AEC 768 RESIDENCE CREDIT FOR MASTER'S DEGREE (1-6)

AEC 769 RESIDENCE CREDIT FOR DOCTOR'S DEGREE (0-12)

AEC 780 SPECIAL PROBLEMS IN AGRICULTURAL ECONOMICS (1-3)

AEC 796 SEMINAR (SUBTITLE REQUIRED) (3)

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