Agricultural Economics

ACC 201

This course is designed to provide an introduction to financial accounting from the users' perspectives. Its primary purposes are to promote understanding of financial accounting information for decision making purposes and to focus on financial accounting's role in communicating business results.

Prereq: Successful completion of 27 semester credit hours or consent of the School of Accountancy Director.

ECO 202

A study of how society's needs are satisfied with the limited resources available. Topics include contemporary issues such as inflation, unemployment, economic growth, international dependencies, and how public policy deals with them. A critical understanding of the U.S. and global economies will enhance your value as a manager or executive of a business (whether for-profit or non-profit), as a family member dealing with jobs and financial decisions, and as a voter in a democracy. The course will allow you to become knowledgeable of, and able to critically think about, the major macroeconomic issues of unemployment, jobs, recessions, economic growth, inflation, deflation, oil prices, monetary policy, the Federal Reserve, fiscal policy, budget deficits, the national debt, international trade, international finance, and the financial system.

Prereq: ECO 201.

STA 296

Introduction to principles of statistics with emphasis on conceptual understanding. Students will articulate results of statistical description of sample data (including bivariate), application of probability distributions, confidence interval estimation and hypothesis testing to demonstrate properly contextualized analysis of real-world data.

Prereq: MA 113, MA 123, MA 137, or equivalent.

AEC 305

Analysis of the market's role in determining prices and coordinating productive activities in the food and agricultural systems.

Prereq: "C" or better in ECO 201.

ACC 202

An introduction to the use of accounting data within an organization to analyze and solve problems and to make planning and control decisions.

Prereq: ACC 201, or ACC 221, or consent of School of Accountancy Director.

AEC 302

A comprehensive study of economic principles and management tools useful in farm and agribusiness decision making. Utilizes a systems approach to the planning, implementation and control of the agricultural business. Specific attention to application of management and decision theory, economic principles used in decision making, and risk management strategies. Emphasis on planning the future course of the business, acquiring and managing the necessary resources, and establishing physical and financial control over the business. Lab incorporates microeconomic applications of management principles developed in lectures. Lecture, three hours; laboratory, two hours per week.

Prereq: "C" or better in ECO 201.

AEC 303

Emphasis on the development of theoretical models of production and consumption economics and application of these models to problems. The importance of concepts of marginality to managers and consumers is emphasized. Role of risk and uncertainty in resource allocation is outlined.

Prereq: "C" or better in ECO 201 and "C" or better in MA 123 or MA 113.

MA 162

Finite mathematics with applications to business, biology, and the social sciences. Linear functions and inequalities, matrix algebra, linear programming, probability. Emphasis on setting up mathematical models from stated problems.

Prereq: MA 109 or equivalent.

AN 105

This course introduces students to spreadsheet software. Through lectures and practical exercises, students learn the importance and functionality of spreadsheet software in identifying and solving business problems.

AEC 306

This course examines how to create and distribute original economic ideas in written and oral forms using appropriate digital technologies. This course is a Graduation Composition and Communication Requirement (GCCR) course in certain programs, and hence is not likely to be eligible for automatic transfer credit to UK.

Prereq: ECO 201; CIS/WRD 110 and 111 or equivalent; 30 credit hours of coursework. AEC 305 is a co-requisite (recommended) or prerequisite. This course fully satisfies the University's graduation composition and communication requirement (GCCR) for AGEC majors. To receive GCCR credit, students must earn an average (weighted) of "C" or better on all GCCR assignments.

ECO 391

Statistical ideas are part of the language of business. An understanding of statistics will enhance your value as a manager or executive. Many of the upper division courses in Accounting, Agriculture Economics, Economics, Finance, Management, Marketing, and Public Policy use and build upon the statistical techniques and analysis learned in ECO391. This course provides a survey of statistical techniques relevant to modern economics and business, with major emphasis on estimation, hypothesis testing, correlation, modeling, analysis of variance, regression, and forecasting.

Prereq: STA 296 or STA 381 or the equivalent.

AEC 301

This course examines post-graduate opportunities, expectations, and strategies in agricultural economics. Students will explore information relevant to writing resumes, completing job applications, and participating in job interviews.

Prereq: Standing in Agricultural Economics and a C or higher in ECO 201

MKT 300

The literature and problems in the retail distribution of consumers' goods, wholesale distribution of consumers' goods, industrial goods, sales organizations, sales promotion and advertising, and price policies.

Prereq: Sophomore standing or higher.

MGT 301

A broad introduction to managing organizations. This course focuses on managerial functions and activities of planning, organizing, leading and controlling. After taking this course, students will have a good understanding of what’s involved in managing people and organizations.

Prereq: Sophomore standing.

AEC 399

A field or community-based experience in the application of economics to agricultural or rural problems. May be repeated; a maximum of six credits allowed. Individualized learning contract required for enrollment. Credit not available for the Agricultural Economics Major Requirements.

Prereq: Nine hours in agricultural economics or economics, permission of instructor and department chairperson and completion of learning agreement prior to registration.

FIN 300

An introduction to the basic principles, concepts, and analytical tools in finance. Includes an examination of the sources and uses of funds, budgeting, present value concepts and their role in the investment financing and dividend decision of the corporate enterprise.

Prereq: ECO 201, ECO 202, ACC 201, ACC 202, MA 123 or MA 137, STA 296 or equivalent, or consent of department.

AEC 422

Examines and analyzes decision-making tools and problem-solving techniques available to agribusiness managers. Provides learning experiences in addressing contemporary economic, marketing and management issues through case study analyses, selected readings and computerized business simulations.

Prereq: AEC 303, AEC 305, MGT 301, MKT 300, and either FIN 300 or AEC 441G

AN 300

This course introduces Business Analytics and its application to business problems in functional domains including Operations, Marketing, Management, etc. Students learn contemporary tools, models, and methods for developing and deploying descriptive, predictive, and prescriptive analytics approaches to solving such problems. This core course enables future in-depth knowledge of Business Analytics in advanced classes.

Prereq: B&E 105 (or CS 101 for non-Gatton majors only) and STA 296.