Agricultural Economics Courses

Courses of Instruction (AECN)

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Course Formats
ACE Outcomes
Prereqs:
First semester freshmen; major in agricultural economics or related discipline.
Academic success and development of leadership skills through involvement and activities on campus. Time management and study skills. Identify potential internship and career opportunities.
Credit Hours: 1
Course Delivery: Classroom
Prereqs:
Not recommended for students who have math entrance deficiencies.
Open to freshmen and sophomores only.
Introductory course on the basic principles of agricultural economics. Production economics, principles of supply and demand, resource economics, world food situation, marketing of agricultural products, and agricultural public policy.
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
ACE Outcomes: 6
Prereqs:
Various economic principles and business management concepts which are involved in the decision-making process when organizing and operating a farming/ranching operation. Includes production economics, record keeping systems, financial budgets and analysis, crop and livestock enterprise analysis, leasing arrangements, depreciation, farm business organizations, farm investment analysis, pasture/rangeland management, and production efficiency indicators.
This course is a prerequisite for: AECN 401, AECN 452, AECN 453, AGRO 405, AGRO 445, ASCI 452, ASCI 485
Credit Hours: 4
Course Delivery: Classroom
AECN 225
Pass/No Pass option not allowed for College of Business Administration majors.
Marketing strategies and entrepreneurship ventures throughout a food systems channel from producers of agricultural commodities to processors of food products and the final consumer. Entrepreneurship studies dealing with food processors, wholesaling, retailing and food service firms. Create strategic marketing plan to introduce a new food product into a retail consumer market.
This course is a prerequisite for: AECN 316
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Prereqs:
Sophomore standing.
AECN 256 course materials are on the World Wide Web.
Legal aspects of agriculture: taxation, contracts, property rights, buying and selling real estate, condemnation, land use regulations, leases, co-ownership, partnerships, corporations, commercial transactions, credit, liability, insurance, estate planning, water law, and agricultural regulations. A practical exposure to the legal institutions of Nebraska.
Credit Hours: 3
Course Delivery: Classroom
AECN 265
Prereqs:
Introduction to resource economics and the role of such concepts in natural resource management. The interface of economics and ecology in the context of both private and public decision making. Application of economic principles to actual natural resource/environmental issues.
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
AECN 275
Agribusiness Entrepreneurial FinanceCrosslisted as AGRO 275, EAEP 275, ENTR 275, HORT 275
Overview of financial issues for agribusiness start-ups. Business funding specific to new enterprises. Case studies on financial practices for start-up firms.
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
AECN 276
Rural SociologyCrosslisted as SOCI 241
Prereqs:
Open to second semester freshmen and above.
The rural environment and its people; its groups and associations; and its social institutions.
Credit Hours: 3
Course Format: Lecture
Course Delivery: Classroom
Prereqs:
AECN 201 recommended.
Business record systems for farming and ranching. Financial statements; income tax and decision making; farm business and enterprise analysis.
Credit Hours: 3
Course Delivery: Classroom
Prereqs:
AECN 141 (or ECON 210 or ECON 212), AECN 225 or 325, and three credit hours in Accounting.
For students interested in careers leading to managerial positions in the grain, feed, fertilizer, farm petroleum and related agricultural industries.  The focus is on the use of financial statements, operating and managerial functions, communication, and the inter-personal work environment within an organization.  Presentation is by lecture integrated with experiential learning through use of an agribusiness management simulation.
This course is a prerequisite for: AECN 416
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
AECN 325
Marketing of Agricultural CommoditiesCrosslisted as MRKT 325
Prereqs:
Operation and use of agricultural commodity markets and institutions as applied to enterprise and firm risk management. Cash; futures and futures option markets; basis; hedging; price discovery; fundamental analysis; and risk management strategies.
This course is a prerequisite for: ASCI 490, ASCI 490A
Credit Hours: 3
Course Format: Lecture
Course Delivery: Classroom
Prereqs:
History, development, programs, and analysis of public policy issues in agriculture and natural resources. Analysis of science, economic, and politiccal factors involved in policy development. Farm policy and farm structure, food and nutrition, trade and development, natural resources, the environment, and bioenergy, with special attention to issues and policies impacting Nebraska.
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Prereqs:
AECN 141 or ECON 212 and ECON 211.
Description and economic evaluation of world food systems, including production, distribution, and consumption in developing and industrialized countries. Economic implications of alternative means for meeting world food needs, with emphasis on the social science aspects of the world food availability and needs, policies, and the economics of technological change. Familiarity with spreadsheets (Excel) required.
Credit Hours: 3
Course Format: Lecture
Course Delivery: Classroom
ACE Outcomes: 9
AECN 357
Prereqs:
Junior standing or permission; AGRI/NRES 103 or GEOG 181 recommended.
Environmental impact review; air and water pollution control; solid and hazardous waste control; endangered species and habitat preservation; land use regulation; state and federal water rights law.
This course is a prerequisite for: AECN 456
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Prereqs:
Exploration of the nature of traditional agriculture in developing countries of Africa, Asia, and Latin America and alternative approaches to accelerating its development. Explores the role of the agricultural sector in the overall development process. Familiarity with using spreadsheets (Excel) required.
Credit Hours: 3
Course Format: Lecture
Course Delivery: Classroom
ACE Outcomes: 9
Prereqs:
Application of economic and social principles and concepts relevant to understanding rural communities and the issues and problems they face. Public decision-making process and the skills necessary for constructive participation in community affairs.
Credit Hours: 3
Course Delivery: Classroom
AECN 388
Ethics focusing on agricultural and natural resource issues. Using case studies from the professional workplace and contemporary society, develops intellectual skills necessary to reflect critically on ethical issues and apply appropriate conceptual tools for resolution of issues arising from conflicting ethical and value systems.
Credit Hours: 3
Course Delivery: Classroom
ACE Outcomes: 8
Prereqs:
Permission and advance approval of independent study contract at the start of each semester.
P/N only.
Individual or group projects in research, literature review, or extension of course work under supervision and evaluation of a departmental faculty member.
Credit Hours: 1-5
Max credits per semester: 5
Course Delivery: Classroom
Prereqs:
Capstone course.
The role of budgeting and linear programming in analyzing farm organization problems, theory of linear programming, linear program design, and analysis of linear programmed solutions to farm organization problems. Includes goal programming, multiple objective programming, risk programming, and financial modeling.
Credit Hours: 3
Course Delivery: Classroom
Capstone Course. AECN 416 requires written and oral communication skills.
Conduct industry and business research in strategic management of an agribusiness. Internal and external factors and competitive forces, affecting the firm. Integration of concepts from various economic and business disciplines.
Credit Hours: 3
Course Format: Lab 2, Lecture 2
Course Delivery: Classroom
Prereqs:
Capstone course.
Application of basic principles of international trade and finance to food and agricultural trade. Particular attention to current policy issues in agricultural trade such as the pros and cons of regional trade blocks, alternative agricultural and trade policies, the effects of exchange rate variation on agricultural trade, and trade and environmental protection. Familarity with spreadsheets (Excel) is required.
Credit Hours: 3
Course Format: Lecture
Course Delivery: Classroom
ACE Outcomes: 9, 10
Prereqs:
9 hrs agricultural economics and/or economics or permission.
Capstone course.
Systems approach to evaulating the effects of current domestic and international political and economic events on agricultural markets.
Credit Hours: 3
Course Delivery: Classroom
ACE Outcomes: 9, 10
Prereqs:
Marketing: farm, ranch, and agribusiness firm management. Risk management strategies using combinations of derivatives and insurance products. Advanced trading and merchandising strategies using fundamental and technical analysis.
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
ACE Outcomes: 10
AECN 445
Prereqs:
Capstone course.
Introduction to the application of economic concepts and tools to the analysis and evaluation of public policies. Economic approaches to policy evaluation derived from welfare economics. Social benefit-cost analysis described and illustrated through applications to current agricultural and natural resource policy issues. Familiarity with spreadsheets (Excel) required.
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
ACE Outcomes: 8, 10
AECN 452/852
Prereqs:
AECN 201 or 4 hrs accounting.
Principles and concepts of financial management of farm and agribusiness firms developed. Various strategies for acquiring and using capital resources by the individual firm explored. Institutions providing the sources of agricultural credit are individually studied.
This course is a prerequisite for: AECN 416
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Prereqs:
AECN 141, or ECON 210 or 212. AECN 201 and AGRO 153 recommended.
Capstone course.
Valuation of agricultural and rural real estate traced from the underlying theory of value through full development of principles, practices, and factors used by the appraisal profession to estimate value. The income approach, the market data approach, and the cost approach to value developed in detail. Appraisal procedure analyzed for such special purposes as farm loans, tax assessment, and condemnation.
Credit Hours: 3
Course Format: Lab 2, Lecture 2
Course Delivery: Classroom
ACE Outcomes: 10
AECN 456/856
Environmental LawCrosslisted as NREE 456
Prereqs:
Junior standing. AECN 357/NREE 357.
Available through Online and Distance Education.
Administrative law, risk assessment, environmental impact review, Clean Air Act, Clean Water Act, non-point pollution control, wetlands regulations pesticide and toxic substance regulation, solid and hazardous waste regulation, drinking water protection, land use regulation, energy policy, and international environmental law.
Credit Hours: 3
Course Format: Personalized System of Instruction
Course Delivery: Web
AECN 457/857
Water LawCrosslisted as NREE 457, WATS 457
Prereqs:
AECN/NREE 357.
Course offered even numbered years. Offered through Extended Education and Outreach.
Environmental impact review; public trust doctrine; endangered species; land use controls; wetlands regulation; surface and ground water rights; Indian and federal water rights; impact of water quality regulations on water allocation.
Credit Hours: 3
Max credits per degree: 3
Course Format: Personalized System of Instruction
Course Delivery: Classroom
AECN 465/865
Resource and Environmental Economics IICrosslisted as NREE 465, WATS 465
Prereqs:
MATH 104 and one course in statistics.
Credit in AECN 865 will not count toward any advanced degree programs in ECON or AECN.
Application of resource economics concepts and empirical tools to resource management problems. Public policy issues involving environmental quality, land and water management.
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
AECN 467
Pro-seminar in International Relations ICrosslisted as ANTH 479/879, ECON 466/866, GEOG 448/848, HIST 479/879, POLS 466/866, SOCI 466/866
Prereqs:
Senior standing and permission.
Open to students with an interest in international relations.
Topic varies
Credit Hours: 3
Max credits per degree: 3
Course Delivery: Classroom
Prereqs:
Junior standing or permission.
AECN 225 recommended.
Selection of an agriculturally related product or service and the development of a comprehensive marketing plan. Market analysis of physical, economic and financial feasibility and formalization of an effective promotional product campaign.
This course is a prerequisite for: AECN 472
Credit Hours: 1
Course Format: Independent Study
Course Delivery: Classroom
Prereqs:
Junior standing or permission; AECN 471.
Further refinement in the development of marketing plan from AECN 471. Condensation of marketing plan into executive summary and preparation of professional oral presentation. Extensive interaction with the local agribusiness community and participation in national agri-marketing competition.
Credit Hours: 2
Course Format: Independent Study
Course Delivery: Classroom
ASCI 482 requires attending the National Cattlemen's Beef Association (NCBA) annual convention and then, communicating the new policy and issues to local organizations and undergraduate student groups. ASCI 482 is 'Letter grade only'.
Discuss and dissect issues from the NCBA convention researching the pros and cons of current and proposed policy.
Credit Hours: 1
Course Format: Lecture 1
Course Delivery: Classroom
Prereqs:
Junior standing; ABUS major with Agricultural Finance and Banking option.
AECN department permission is required before registering for AECN 495A.
Internship experience in agricultural finance, banking, lending, or management through employment in a financial institution.
Credit Hours: 3
Course Format: Field
Course Delivery: Classroom
Prereqs:
Junior standing; ABUS major with Food Products Marketing Management option.
AECN department permission is required before registering for AECN 495B.
Internship experience in food products marketing, supply chain and firm management, and related areas through employment in agribusiness and food products production or marketing firms.
Credit Hours: 3
Course Format: Field
Course Delivery: Classroom
Prereqs:
Departmental permission.
Internship with Congressional delegations or committees; government agencies; non-governmental organizations; or related groups and areas that provides a focus on agricultural or public policy issues and development.
Credit Hours: 1-3
Max credits per degree: 3
Course Format: Field
Course Delivery: Classroom
AECN 499H
Prereqs:
Admission to the University Honors Program and permission, AGRI 299H recommended.
Conduct a scholarly research project and write a University Honors Program or undergraduate thesis.
Credit Hours: 3-6
Max credits per degree: 6
Course Delivery: Classroom
AECN 804
Agricultural LawCrosslisted as LAW 704G
Legal problems and issues of unique importance to lawyers serving the agricultural sector. The Farm Credit System, the Farmers’ Home Administration, and farm financing problems under the Uniform Commercial Code; commodity futures markets; agricultural cooperatives; farmland preservation and rural land use controls; foreign investment in American agriculture; farm labor legislation; farm programs and the economic regulation of agriculture; pesticides; and food additives.
Credit Hours: 1-4
Campus:
Course Delivery: Classroom
AECN 815
Prereqs:
Equilibrium Analysis: Applications in business, finance, and economics. Market equilibria, accumulations, and economics. Optimization: profit, cost, and utility functions. Constrained optimization problems with utility functions. Constrained optimization problems in production and consumer allocations; Kuhn and Tucker conditions; static and dynamic input-output Models.
Credit Hours: 3
Campus:
Course Delivery: Classroom
AECN 818
Taxation-Farm and RanchCrosslisted as POLS 818
Prereqs:
Selection of substantial income tax problems affecting farms and ranches.
Credit Hours: 1-4
Campus:
Course Delivery: Classroom
Static economic analysis of multi-variant agriculture response functions. Resource and enterprise choice, cost functions, resource evaluation, and size and scale economies.
Credit Hours: 3
Course Format: Lecture 3
Campus:
Course Delivery: Classroom
Prereqs:
AECN/ECON *873
Principles of welfare economics applied to policy issues in agriculture and natural resources. Review of measures of household welfare, willingness to pay, and notions of Pareto optimality, aggregate welfare and market failure. Practical methods of comparative statics analysis of the effect of public policies on consumer and firm behavior, and on market equilibrium. Theory of externalities and welfare implications of market versus non-market allocation of public goods examined. Applications include evaluation of such policies as taxes, price supports, quotas, pollution controls, environmental damage liability, and intellectual property rights.
Credit Hours: 3
Course Format: Lecture 3
Campus:
Course Delivery: Classroom
AECN 841
Environmental LawCrosslisted as LAW 641G
Legal problems encountered as a result of the impairment of the quality of the environment. Control of air, water, land, noise, and radiation pollution, and the roles of federal, interstate, state, and local agencies in affording protection. Includes private actions, class actions, and regulatory actions to protect both private and public interests.
Credit Hours: 1-4
Campus:
Course Delivery: Classroom
Prereqs:
AECN/ECON *873, AECN 865, ECON 817
Application of conceptual and empirical tools for analyzing resource problems. Both public and private dimensions of resource management are considered with emphasis on public policy. Economics of environmental quality, management of exhaustible and renewable resources, valuation of non-market goods and key elements of environmental policy analysis.
Credit Hours: 3
Course Format: Lecture 3
Campus:
Course Delivery: Classroom
AECN 873
Microeconomic Models and ApplicationsCrosslisted as ECON 873
Prereqs:
This course is intended for MA Option II students and others who do not plan to proceed to PhD studies. Analysis of microeconomic decision-making by individuals and firms with emphasis on consumer demand, production, cost and profit, market structure and the economics of games, uncertainty, and information.
Credit Hours: 3
Campus:
Course Delivery: Classroom
AECN 876
Water Law, Planning and PolicyCrosslisted as LAW 776G
Judicial, legislative, and administrative problems in water resource development, allocation, and control.
Credit Hours: 1-4
Campus:
Course Delivery: Classroom
AECN 883
Ecological EconomicsCrosslisted as NRES 883, CDEV 883
Prereqs:
AECN 141 or ECON 212 or equivalent
A synthesis across the notion of “utility” as represented in traditional environmental and natural resource economics, “ecology” in ecological economics, and “community” in behavioral economics. Ideas from thermodynamics with a focus on renewable resources. Development, organization, and enhancement of eco-business, eco-industry, eco-government and eco-communities.
Credit Hours: 3
Course Format: Lecture 3
Campus:
Course Delivery: Classroom
AECN 893
Law and EconomicsCrosslisted as LAW 693G
Economic principles to problems of legal interpretation and policy. Gives economic background for substantive courses in such areas as antitrust, regulated industries, and environmental law and also demonstrates the power of economic analysis when applied to problems in such diverse areas as contracts, property, torts, criminal law, family law, corporations, taxation, securities, procedure, and constitutional law.
Credit Hours: 1-4
Campus:
Course Delivery: Classroom
Prereqs:
12 hrs agricultural economics or closely related areas and permission
Focused agricultural economics topics through research, narrowly targeted literature review, or extension of course work.
Credit Hours: 1-6
Max credits per degree: 6
Campus:
Course Delivery: Classroom
AECN 899
Prereqs:
Admission to masters degree program and permission of major adviser
This course has no description.
Credit Hours: 6-10
Campus:
Course Delivery: Classroom
Significant literature in selected fields of agricultural and resource economics to provide a broad background for conducting research in these fields.
A. Production Economics (3 cr) Prereq: ECON 912B and 911A, or permission.
B. Agricultural Industrial Organization (3 cr) Prereq: AECN *812.
D. International Agricultural Trade (3 cr) Prereq: ECON 821 or permission.
E. Agricultural Development (3 cr) Prereq: ECON 912B and 911A, or permission.
J. Natural Resource Economics (3 cr) Prereq: AECN *868.
Credit Hours: 3
Max credits per degree: 15
Course Format: Lecture 3
Campus:
Course Delivery: Classroom
Prereqs:
ECON 912B and 911A, or permission
This course has no description.
Credit Hours: 3
Campus:
Course Delivery: Classroom
Prereqs:
AECN *812
This course has no description.
Credit Hours: 3
Campus:
Course Delivery: Classroom
Prereqs:
ECON 821 or permission
This course has no description.
Credit Hours: 3
Campus:
Course Delivery: Classroom
Prereqs:
ECON 912B and 911A, or permission
This course has no description.
Credit Hours: 3
Campus:
Course Delivery: Classroom
Prereqs:
AECN *868
This course has no description.
Credit Hours: 3
Campus:
Course Delivery: Classroom
Prereqs:
Appropriate section of AECN 901
Investigation of a research issue in a field of agricultural economics. Identification of an issue, discovery and interpretation of relevant research, rigorous development of an additional contribution to the resolution of the issue.
Credit Hours: 3
Max credits per degree: 15
Course Format: Lecture
Course Delivery: Classroom
Prereqs:
Investigation of a research issue in a field of agricultural economics. Identification of an issue, discovery and interpretation of relevant research, rigorous development of an additional contribution to the resolution of the issue.
Credit Hours: 3
Max credits per degree: 15
Course Format: Lecture
Course Delivery: Classroom
Prereqs:
Investigation of a research issue in a field of agricultural economics. Identification of an issue, discovery and interpretation of relevant research, rigorous development of an additional contribution to the resolution of the issue.
Credit Hours: 3
Max credits per degree: 15
Course Format: Lecture
Course Delivery: Classroom
Prereqs:
Investigation of a research issue in a field of agricultural economics. Identification of an issue, discovery and interpretation of relevant research, rigorous development of an additional contribution to the resolution of the issue.
Credit Hours: 3
Max credits per degree: 15
Course Format: Lecture
Course Delivery: Classroom
Prereqs:
Investigation of a research issue in a field of agricultural economics. Identification of an issue, discovery and interpretation of relevant research, rigorous development of an additional contribution to the resolution of the issue.
Credit Hours: 3
Max credits per degree: 15
Course Format: Lecture
Course Delivery: Classroom
Prereqs:
Investigation of a research issue in a field of agricultural economics. Identification of an issue, discovery and interpretation of relevant research, rigorous development of an additional contribution to the resolution of the issue.
Credit Hours: 3
Max credits per degree: 15
Course Format: Lecture
Course Delivery: Classroom
AECN 921
This course has no description.
Credit Hours: 3
Course Format: Lecture 3
Campus:
Course Delivery: Classroom
Prereqs:
Admission to doctoral degree program and permission of supervisory committee chair
This course has no description.
Credit Hours: 1-24
Max credits per degree: 55
Campus:
Course Delivery: Classroom