ECONOMIC SKILLS THAT GROW YOUR AGRICULTURAL CAREER
Earning a minor in Agricultural Economics equips students with essential business and economics skills tailored to the agricultural sector. The minor complements majors such as Agricultural Education and Advocacy, Animal Sciences, Community and Leadership Development, Equine Science and Management, Horticultural Science, Natural Resources and Environmental Science, and Sustainable Agriculture and Community Food Systems. With courses in management, marketing, and policy, students gain insight into the economic forces shaping food systems. The flexible structure allows for customization.
Minor REQUIREMENTS
A “C” grade or better in two courses selected from the following:
AEC 302 Agricultural Management Principles
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 the 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. (4 credits) Prereq: “C” or better in ECO 201
AEC 303 Microeconomic Concepts in Agricultural Economics
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. (3 credits) Prereq: “C” or better in ECO 201 and either MA 123 or MA 113
AEC 305 Food and Agricultural Marketing Principles
Analysis of the market’s role in determining prices and coordinating productive activities in the food and agricultural systems. (3 credits) Prereq: “C” or better in ECO 201
AEC 306 Technical Communication in Economics
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. (3 credits) Prereq: ECO 201; CIS/WRD 110 and 111 or equivalent; 30 credit hours of coursework; AEC 305 (pre- or co-requisite)
ELECTIVES
Students must complete nine credits of additional electives from any AEC prefix course at the 300-level or greater, excluding AEC 301 and AEC 399, and including no more than one of the following: AEC 324, AEC 325, or AEC 326.
