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* AG E--Agricultural Economics
Department of Agricultural Economics and Agricultural Business
AG E 100.
Introductory Agricultural Economics and Business 3 cr.
Orientation to agricultural supply businesses, farm and ranch production, food
markets, food processing and distribution, and food consumption. Microeconomic
principles for managers.
AG E 111. Freshman Orientation 1 cr.
Orientation to university life, including available resources and methods
to promote success at NMSU. General exposure to fields in agriculture
and home economics. Open to all freshmen and transfer students. Graded
S/U.
AG E 200. Special Topics 1-4
cr.
Specific subjects and credits to be announced in the Schedule of Classes.
Maximum of 4 credits per semester. No more than 9 credits toward a degree.
AG E 210G. Survey of Food and Agricultural Issues 3 cr.
Survey of food and agricultural issues, including: geography of food
production and consumption, human-agricultural-natural resource relations,
agriculture in the United States and abroad, modern agribusiness,
food safety, food, agriculture, and natural resources policy, ethical
questions, role and impact of technology. Same as HNFS 210G.
AG E
236. Agribusiness Management Principles 3 cr.
Description and application of management and financial principles,
market planning, and organization theory in small business situations.
AG E 250G. Life with Microcomputers 3
cr. (2+2P)
Provides appreciation of the microcomputer in all areas of life. Applications
to informational analysis in a wide variety of social, business, technological,
and research situations are presented using DOS and utilities, word processing,
electronic spreadsheets, and database systems. Emphasis is on fundamental
understanding of how to apply software. Place of the computer in the "larger picture" is emphasized.
AG E 300. Internship 1-4 cr.
Professional work experience under the supervision of a faculty member.
Prerequisite: consent of instructor. May be repeated for a maximum of 6
credits.
AG E 305. Marketing and Pricing Agricultural Products 3 cr.
Description of agricultural processes and functions; food production
and consumption patterns; agricultural product prices; nature of
competition in agricultural product markets; commodity markets. Prerequisites:
ECON 201 or ECON 252. Same as MKTG 305.
AG E 311. Financial Futures
Markets 3 cr.
Emphasis on financial instruments, currencies, and stock index futures.
Principles of hedging, arbitrage, speculation, technical and fundamental
price analysis, and trading strategies. Simulated computer trading game.
Same as FIN 311.
AG E 315G. World Agriculture and Food Problems 3 cr.
Survey of food and agricultural issues in the U.S. and other countries.
Covers: role of agriculture in economic development; trade in food and
agricultural products; global food production, consumption, and marketing
patterns; economics of technical change and food assistance; agriculture
and the environment. Same as GEOG 315G.
AG E 325. Mastering Financial Agricultural
Statements 3
cr.
Understanding, using, and constructing financial statements for agrobusiness
analysis. Learn how to produce integrated pro forma financial statements
first on paper and then on a spreadsheet. Prepare and link revenue, cost,
and financing input assumptions formulas to the financial outcomes on
the spreadsheet. Prerequisite: AG E 250G or equivalent experience using
spreadsheets. Same as ANSC 325.
AG E 330. Organic Fall Vegetable Production
(f) 3 cr.
Planning, planting, and harvesting vegetable crops following federal
guidelines for certified organic production. Emphasis on planting fall
crops, harvesting summer crops, and planning spring crops. Sale of
produce through community-supported agriculture system. Distribution;
financial management; and fertility, weed, disease, and insect-pest
evaluation and management. Evaluation of crop production and financial
performance from previous spring. Same as HORT 330.
AG E 331. Organic
Spring Vegetable Production (s) 3 cr.
Planning, planting, and harvesting vegetable crops following federal
guidelines for certified organic production. Emphasis on planting spring
and summer crops, harvesting spring crops, and planning summer and
fall crops. Sale of produce through community-supported agriculture
system. Distribution; financial management; and fertility, weed, disease,
and insect-pest evaluation and management. Evaluation of crop production
and financial performance from previous fall. Same as HORT 330.
AG
E 337G. Natural Resource Economics 3 cr.
Gain insight into important natural resource problems of our time.
Apply economic principles to problems in the preservation, use, and
development of agricultural, range, mineral, water, forestry, fishery,
and environmental resources. Understand the use of cost-benefit analysis
for government natural-resource projects, policies, and programs. Prerequisite:
ECON 201 or ECON 252. Same as ECON 337G.
AG E 355. Community Economic
Development 1-3 cr.
Same as PLAN 355.
AG E 370. Current Issues in Food and Agriculture 3 cr.
Course will consist of analysis and evaluation of current agricultural
issues such as animal welfare/rights, water rights, sustainable agriculture,
saving the family farm, food safety, foreign agricultural assistance,
and others. Alternative perspectives on the issues and policy implications
will be discussed.
AG E 380. Agricultural Economics Survey (s) 3 cr.
Survey of businesses and industries involved with agriculture, farming
and ranching, environmental and resource concerns. Field trip over
spring break. Prerequisite: junior or above standing. Variable fee.
Graded S/U.
AG E 384G. Water Resource Economics 3 cr.
Use of economic principles to evaluate current and emerging issues
in water resources. Applications focus on use of economic methods of
analysis to current policy decisions surrounding agricultural, municipal,
industrial, and environmental uses of water. Prerequisite: AG E 100
or ECON 252G. Same as ECON 384G.
AG E 385. Applied Production Economics 3 cr.
Marginal economic principles of agricultural production and planning
with practical application in describing, analyzing, and profit maximizing
agribusiness strategies. Prerequisite: ECON 252 or consent of instructor.
AG E 400. Seminar 1
cr.
Current topics and cases in the agribusiness literature stressing rigorous
qualitative analysis of current problems and policy issues. Prerequisite:
junior standing or above. May be repeated for a maximum of 4 credits.
Graded S/U.
AG E 420. Special Problems 1-3 cr.
Special problems in agricultural economics or agricultural business
of particular interest to the individual student. Maximum of 3 credits
per semester. No more then 6 credits toward degree.
AG E 425. Agribusiness
Financial Management 3
cr.
Description and application of techniques and principles of financial
management to problem situations faced by small businesses, including
capital budgeting, sources and costs of capital, controlling the use
of assets, tax management, estate planning, and credit institutions.
Prerequisite: ECON 201G or ECON 252G and FIN 306.
AG E 440. Ranch Economics 3 cr.
Economic principles related to western ranch business. Business management,
economic characteristics of ranches, ranch land problems and values,
and economics of rangeland use. Prerequisite: ECON 201G or ECON 252G.
AG E 445G. Agricultural Policy 3 cr.
Historical and cultural background of food and agricultural policy
in the United States. Analysis of food and agricultural problems, policy-making
and implementation. Economic evaluation of specific U.S. food and agricultural
policy instruments, their domestic and international impacts. Prerequisites:
ECON 251G and ECON 252G.
AG E 450. Advanced Microcomputer Applications
in Agriculture 3 cr.
Emphasis on advanced farm/ranch and agribusiness personal computer
applications including database for management decisions, spreadsheet
design, presentation software, word processing, the Windows operating
system, and using World Wide Web. Prerequisite: AG E 250G or consent
of instructor.
AG E 451. Agribusiness Market Planning 3 cr.
Applications course where self-managed teams develop and present marketing
plans for agribusiness firms. Emphasis on integrating the marketing
mix, particularly promotional elements. Prerequisites: AG E 305 and
consent of instructor. Same as MKTG 451.
AG E 456. International Agribusiness
and Food Marketing 3
cr.
Introduces students to the fundamentals of international agribusiness:
structure of global food and agribusiness trade, direct foreign investment
strategies, exchange rates, channels of distribution, trade lead sources,
financing, letters of credit, and export market planning. Prerequisites:
ECON 251G or consent of instructor. Main campus only.
AG E 470. Rural
Appraisal 3 cr. (2+2P)
Factors affecting land prices, commercial and federal appraisal, procedures
used in valuation, field trips for practice in making rural appraisals.
Prerequisite: junior or above standing. Same as FIN 470.
AG E 475.
Water Resource Management and Policy 3 cr.
Emphasis on integrating natural and social sciences, analytic methods,
and critical reasoning skills to evaluate water resource policy and
management issues. Extensive use of data and numerical applications
applied to a variety of water resource topics. Familiarity with MS
Excel or similar software is desirable. Prerequisite: junior or above
standing.
AG E 491. Linear Programming Methods 1 cr.
Methods, techniques, and uses of linear and quadratic programming applications
in agricultural economics.
AG E 492. Decision Theory 1 cr.
Application of modern decision theory to problems of farm and ranch
planning under risk.
AG E 493. Input-Output Analysis 1 cr.
Structure and application of input-output models emphasized with orientation
toward regional and macroeconomic analysis. Data requirements, basic
model building, interpretation and validation of results. Same as ECON
493.
AG E 494. Benefit-Cost Analysis 1 cr.
Methods, techniques and uses of benefit-cost analysis with applications
to private and public agricultural and natural resource investment
decisions.
AG E 496. Feasibility Study and Business Plan 1 cr.
Introduction to feasibility studies and its function as an important
part of a business plan for agribusinesses. Emphasis on integrating
pro forma financial statements, marketing plans, and management plans
into a business plan. Prerequisites: ACCT 202, FIN 306, and MKTG 303,
or consent of instructor.
AG E 498. Senior Project: Research Proposal 1 cr.
Develop a project plan and select a project advisor. The senior project
requires that students independently and creatively apply tools to
a problem typical of those which must be solved in their fields of
employment. Prerequisite: senior standing; may not be taken for graduate
credit.
AG E 499. Senior Project 3
cr.
Completion and presentation of the project developed in AG E 498 under
supervision of the project advisor. Prerequisite: AG E 498; may not
be taken for graduate credit.
Next section: Agriculture and Home Economics
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