Academic Programs Catalog

College of Agriculture and Natural Resources

Department of Agricultural, Food and Resource Economics

Titus O. Awokuse, Chairperson


The department administers highly successful undergraduate and graduate programs in applied economics and management with a focus on agriculture, food, and natural resources.
 


Undergraduate Programs

The department offers three undergraduate majors:  agribusiness management, environmental economics and management, and food industry management. These majors emphasize the application of business and social sciences to the management of public and private sector organizations. Each major is built on a liberal education base with a core of professional courses and sufficient electives for students and their advisors to tailor individualized programs.

 


Agribusiness Management

The agribusiness management major is designed for students who are interested in careers with agricultural input supply, agricultural production, commodity assembly and processing, and agricultural marketing organizations.  The program, which focuses on the managerial functions performed by organizations throughout the agribusiness sector, provides a system–wide perspective of managerial problems confronting such organizations.  Faculty who are associated with the program maintain close relationships with agribusiness companies. Those relationships benefit students who seek information about careers, scholarships, and employment in the field.

Requirements for the Bachelor of Science Degree in Agribusiness Management

  1. The University requirements for bachelor's degrees as described in the Undergraduate Education section of this catalog; 120 credits, including general elective credits, are required for the Bachelor of Science degree in Agribusiness Management.

    The University's Tier II Writing Requirement for the Agribusiness Management major is met by completing one of the following courses: Agribusiness Management 437, Environmental Economics and Policy 405, or Food Industry Management 439. Those courses are referenced in item 3. below.

    The completion of the Agribusiness Management mathematics requirement may also satisfy the College of Agriculture and Natural Resources and the University mathematics requirement.
  2. The requirements of the College of Agriculture and Natural Resources for the Bachelor of Science degree.

    Certain courses referenced in requirement 3. below may be counted toward College requirements as appropriate.

    Students must achieve a grade of at least 2.0 or higher in each ABM and FIM and EEP course referenced in items 3. a. and in all courses taken to fulfill requirements 3. b. and 3. c.

    Agribusiness Management 437 or Food Industry Management 439 and Environmental Economics and Policy 405 may be used to fulfill requirement 3. b. if it is not used to fulfill requirement 3. c.  Agribusiness Management 130 may be used to fulfill requirement 3. b. if it is not used to fulfill requirement 3. e.
     
  3. The following requirements for the major:
    a. All of the following courses (44 credits):
    ABM 100 Decision-making in the Agri-Food System 3
    ABM 203 Data Analysis for the Agri-Food System 3
    ABM 210 Professional Seminar in Agribusiness Management 1
    ABM 222 Agribusiness and Food Industry Sales (W) 3
    ABM 225 Commodity Marketing I 3
    ABM 410 Advanced Professional Seminar in Agribusiness Management 1
    ABM 422 Vertical Coordination in the Agri-Food System 3
    ABM 435 Financial Management in the Agri-Food System 3
    ACC 230 Survey of Accounting Concepts 3
    EC 201 Introduction to Microeconomics 3
    EC 202 Introduction to Macroeconomics 3
    EEP 260 World Food, Population and Poverty 3
    FIM 220 Food Product Marketing 3
    MKT 327 Introduction to Marketing 3
    MTH 124 Survey of Calculus I 3
    SCM 303 Introduction to Supply Chain Management 3
    b. Four of the following courses (12 credits):
    ABM 130 Farm Management I 3
    ABM 337 Labor and Personnel Management in the Agri-Food System 3
    ABM 400 Public Policy Issues in the Agri-Food System 3
    ABM 425 Commodity Marketing II 3
    ABM 427 Global Agri-Food Industries and Markets 3
    ABM 430 Farm Management II 3
    ABM 437 Agribusiness Strategic Management (W) 3
    ABM 490 Independent Study 3
    ABM 493 Professional Internship in Agribusiness Management 3
    EEP 405 Corporate Environmental Management (W) 3
    FIM 335 Food Marketing Management 3
    FIM 439 Food Business Analysis and Strategic Planning (W) 3
    FIM 460 Retail Information Systems 3
    GBL 323 Introduction to Business Law 3
    MGT 325 Management Skills and Process 3
    Study Abroad as approved by academic advisor
    c. One of the following courses (3 credits):
    ABM 437 Agribusiness Strategic Management (W) 3
    EEP 405 Corporate Environmental Management (W) 3
    FIM 439 Food Business Analysis and Strategic Planning (W) 3
    d. One of the following courses (3 or 4 credits):
    STT 200 Statistical Methods 3
    STT 201 Statistical Methods 4
    STT 315 Introduction to Probability and Statistics for Business 3
    e. One of the following courses (3 credits):
    ABM 130 Farm Management I 3
    FI 320 Introduction to Finance 3
    f. One of the following courses (3 credits):
    ABM 303 Economics of Decision Making in the Agri-Food System 3
    EC 301 Intermediate Microeconomics 3
    g. Complete 6 credits from the same science discipline as approved by the academic advisor.


Environmental Economics and Management

Environmental Economics and Management prepares students for careers that require successful reconciliation of environmental sustainability and economic performance goals for businesses. The major develops skills in core business disciplines, environmental economics, and environmental policy analyses, and applies these skills and knowledge to help manage or create environmentally-sustainable and socially-responsive business organizations that also deliver shareholder value. The major prepares students for employment opportunities with industry, environmental consulting firms, state and federal government agencies, and environmental interest groups. The major also offers students the opportunity to prepare for graduate study in business or environmental economics and policy studies programs.

Requirements for the Bachelor of Science Degree in Environmental Economics and Management

  1. The University requirements for bachelor's degrees as described in the Undergraduate Education section of this catalog; 120 credits, including general elective credits, are required for the Bachelor of Science degree in Environmental Economics and Management.

    The University's Tier II writing requirement for the Environmental Economics and Management major is met by completing Environmental Economics and Policy 405. That course is referenced in item 3. a. below.

    The completion of the Environmental Economics and Management mathematics requirement may also satisfy the College of Agriculture and Natural Resources and the University mathematics requirement.
  2. The requirements of the College of Agriculture and Natural Resources for the Bachelor of Science degree.

    Certain courses referenced in requirement 3. below may be counted toward College requirements as appropriate.

    Students must achieve a grade of at least 2.0 or higher in each ABM and FIM and EEP course referenced in items 3. a. and in courses taken to fulfill requirements 3. b., 3. c., and 3. d.

    Agribusiness Management 435 and 437 and Food Industry Management 439 may be used to fulfill requirement 3. b. if it is not used to fulfill requirement 3. c.

    Agribusiness Management 130 may be used to fulfill requirement 3. b. if it is not used to fulfill requirement 3. d.
  3. The following requirements for the major:
    a. All of the following courses (44 credits):
    ABM 100 Decision-making in the Agri-Food System 3
    ABM 210 Professional Seminar in Agribusiness Management 1
    ABM 410 Advanced Professional Seminar in Agribusiness Management 1
    ACC 230 Survey of Accounting Concepts 3
    EC 201 Introduction to Microeconomics 3
    EC 202 Introduction to Macroeconomics 3
    EEP 255 Ecological Economics 3
    EEP 260 World Food, Population and Poverty 3
    EEP 320 Environmental Economics 3
    EEP 405 Corporate Environmental Management (W) 3
    EEP 460 Natural Resource Economics 3
    FIM 203 Data Analysis for the Agri-Food System 3
    FIM 220 Food Product Marketing 3
    MKT 327 Introduction to Marketing 3
    MTH 124 Survey of Calculus I 3
    SCM 303 Introduction to Supply Chain Management 3
    b. Four of the following courses (12 credits):
    ABM 130 Farm Management I 3
    ABM 222 Agribusiness and Food Industry Sales (W) 3
    ABM 225 Commodity Marketing I 3
    ABM 337 Labor and Personnel Management in the Agri-Food System 3
    ABM 400 Public Policy Issues in the Agri-Food System 3
    ABM 422 Vertical Coordination in the Agri-Food System 3
    ABM 425 Commodity Marketing II 3
    ABM 427 Global Agri-Food Industries and Markets 3
    ABM 430 Farm Management II 3
    ABM 435 Financial Management in the Agri-Food System 3
    ABM 437 Agribusiness Strategic Management (W) 3
    CSUS 354 Water Resources Management 3
    CSUS 429 Program Evaluation for Community Sustainability 3
    CSUS 464 Environmental and Natural Resource Policy in Michigan 3
    CSUS 465 Environmental and Natural Resource Law 3
    EEP 404 Public Sector Budgeting and Program Evaluation (W) 3
    EEP 490 Independent and Supervised Study 3
    EEP 493 Professional Internship in Environmental Economics and Policy 3
    FIM 224 Information and Market Intelligence in the Agri-Food Industry 3
    FIM 335 Food Marketing Management 3
    FIM 439 Food Business Analysis and Strategic Planning (W) 3
    FOR 466 Natural Resource Policy 3
    FW 419 Applications of Geographic Information Systems to Natural Resource Management 4
    MGT 325 Management Skills and Processes 3
    Study Abroad as approved by academic advisor
    c. One of the following courses (3 credits):
    ABM 435 Financial Management in the Agri-Food System 3
    ABM 437 Agribusiness Strategic Management (W) 3
    FIM 439 Food Business Analysis and Strategic Planning (W) 3
    d. One of the following courses (3 credits):
    ABM 130 Farm Management I 3
    FI 320 Introduction to Finance 3
    e. One of the following courses (3 or 4 credits):
    STT 200 Statistical Methods 3
    STT 201 Statistical Methods 4
    STT 315 Introduction to Probability and Statistics for Business 3
    f. One of the following courses (3 credits):
    ABM 303 Economics of Decision Making in the Agri-Food System 3
    EC 301 Intermediate Microeconomics 3
    g. Complete 6 credits from the same science discipline as approved by the academic advisor.


Food Industry Management

The food industry management major is designed for students who are interested in careers in the food industry. Graduates of this major enter managerial positions with food wholesalers-distributors and retailers as well as sales, account management, and production supervision positions with food manufacturers. The program provides a system-wide perspective of managerial problems confronting firms in the food industry, recognizes the increasing interdependence among such firms and focuses on creating consumer value. Faculty who are associated with the program maintain close relationships with food companies and trade associations, bring practical applications and examples to the classroom and provide current information about career and scholarship opportunities.

Requirements for the Bachelor of Science Degree in Food Industry Management

  1. The University requirements for bachelor's degrees as described in the Undergraduate Education section of this catalog; 120 credits, including general elective credits, are required for the Bachelor of Science degree in Food Industry Management.

    The University's Tier II Writing Requirement for the Food Industry Management major is met by completing Agribusiness Management 437 or Food Industry Management 439.  Those courses are referenced in item 3. below.

    The completion of the Food Industry Management mathematics requirement may also satisfy the College of Agriculture and Natural Resources and the University mathematics requirement.
  2. The requirements of the College of Agriculture and Natural Resources for the Bachelor of Science degree.

    Certain courses referenced in requirement 3. below may be counted toward College requirements as appropriate.

    Students must achieve a grade of at least 2.0 or higher in each ABM and FIM and EEP course referenced in items 3. a. and in courses taken to fulfill requirements 3. b., 3. c., and 3. d.

    Agribusiness Management 435 may be used to fulfill requirement 3. b. if it is not used to fulfill requirement 3. c.

    Environmental Economics and Policy 405 may be used to fulfill requirement 3. b. if it is not used to fulfill requirement 3. c.

    Agribusiness Management 130 may be used to fulfill requirement 3. b. if it is not used to fulfill requirement 3. d.
  3. The following requirements for the major:
    a.  All of the following courses (41 credits):
    ABM 100 Decision-making in the Agri-Food System 3
    ABM 203 Data Analysis for  the Agri-Food System 3
    ABM 222 Agribusiness and Food Industry Sales (W) 3
    ACC 230 Survey of Accounting Concepts 3
    EC 201 Introduction to Microeconomics 3
    EC 202 Introduction to Macroeconomics 3
    EEP 260 World Food, Population and Poverty 3
    FIM 210 Professional Seminar in Food Industry Management 1
    FIM 220 Food Product Marketing 3
    FIM 335 Food Marketing Management 3
    FIM 410 Advanced Professional Seminar in Food Industry Management 1
    FIM 460 Retail Information Systems 4
    MKT 327 Introduction to Marketing 3
    MTH 124 Survey of Calculus I 3
    SCM 303 Introduction to Supply Chain Management 3
    b. One of the following courses (3 credits):
    ABM 437 Agribusiness Strategic Management (W) 3
    FIM 439 Food Business Analysis and Strategic Planning (W) 3
    c. Four of the following courses (12 credits):
    ABM 130 Farm Management I 3
    ABM 225 Commodity Marketing I 3
    ABM 400 Public Policy Issues in the Agri-Food System 3
    ABM 422 Vertical Coordination in the Agri-Food System 3
    ABM 425 Commodity Marketing II 3
    ABM 427 Global Agri-Food Industries and Markets 3
    ABM 435 Financial Management in the Agri-Food System 3
    EEP 405 Corporate Environmental Management (W) 3
    FIM 224 Information and Market Intelligence in the Agri-Food Industry 3
    FIM 415 Human Resource Management: Changes and Challenges 3
    FIM 490 Independent Study in Food Industry Management 3
    OR
    FIM 493 Professional Internship in Food Industry Management 3
    GBL 323 Introduction to Business Law 3
    MGT 325 Management Skills and Processes 3
    MKT 351 Retail Management 3
    A study abroad experience may also fulfill part of this requirement through enrollment in FIM 490 or FIM 493 with approval by the academic advisor.
    d. One of the following courses (3 credits):
    ABM 435 Financial Management in the Agri-Food System 3
    EEP 405 Corporate Environmental Management 3
    e. One of the following courses (3 credits):
    ABM 130 Farm Management I 3
    FI 320 Introduction to Finance 3
    f. One of the following courses (3 or 4 credits):
    STT 200 Statistical Methods 3
    STT 201 Statistical Methods 4
    STT 315 Introduction to Probability and Statistics for Business 3
    g. One of the following courses (3 credits):
    ABM 303 Economics of Decision Making in the Agri-Food System 3
    EC 301 Intermediate Microeconomics 3
    h. Complete 6 credits from the same science discipline as approved by the academic advisor.


Minor in Agribusiness Management

The Minor in Agribusiness Management is designed to serve students with majors in other fields who are interested in careers in agribusiness.  The primary educational objective of the specialization is to provide students with a fundamental knowledge of business management in relation to agribusiness firms.

The minor is available as an elective to all students who are enrolled in bachelor's degree programs at Michigan State University other than the Bachelor of Science degree program with a major in agribusiness management.  The minor is administered by the Department of Agricultural, Food, and Resource Economics.

At least 12 credits counted towards the requirements for this minor must be unique. Unique credits must not be used to fulfill another university, college, or major requirement in the student's program.

Requirements for the Minor  in Agribusiness Management

The student must complete:

               
1. One of the following courses (3 credits):  
  ABM 100 Decision-making in the Agri-Food System 3
  ABM 130 Farm Management I 3
2. One of the following courses (3 credits):  
  ABM 225 Commodity Marketing I 3
  ABM 430 Farm Management II 3
  ABM 435 Financial Management in the Agri-Food System 3
3. Two of the following courses including at least one course at the 300 or 400 level. Courses not used to satisfy requirements 1. and 2.  may be used to substitute for courses listed in requirement 3.  (6 credits).  
  ABM 222 Agribusiness and Food Industry Sales (W) 3
  ABM 337 Labor and Personnel Management in the Agri-Food System 3
  ABM 400 Public Policy Issues in the Agri-Food System 3
  ABM 422 Vertical Coordination in the Agri-Food System 3
  ABM 425 Commodity Marketing II 3
  ABM 427 Global Agri-Food Industries and Markets 3
  ABM 437 Agribusiness Strategic Management (W) 3
  FIM 439 Food Business Analysis and Strategic Planning (W) 3
4. One of the following courses (3 credits):  
  ACC 201 Principles of Financial Accounting 3
  ACC 230 Survey of Accounting Concepts 3
5. One of the following courses (3 credits):  
  GBL 323 Introduction to Business Law 3
  MGT 325 Management Skills and Processes 3
  MKT 327 Introduction to Marketing 3

 


Minor in Environmental Economics

The Minor in Environmental Economics is designed to serve students who are interested in the application of economics to environmental issues.  The educational objectives of the minor are to:

  1. Introduce students to the concepts and principles of environmental economics.
  2. Help students to develop the skills necessary to analyze environmental and natural resource issues.
  3. Help students to understand the economic dimensions of the many environmental issues facing society.

The minor is available as an elective to all students who are enrolled in bachelor's degree programs at Michigan State University.  The minor is administered by the Department of Agricultural, Food, and Resource Economics.

At least 12 credits counted towards the requirements for this minor must be unique. Unique credits must not be used to fulfill another university, college, or major requirement in the student's program.

Requirements for the Minor in Environmental Economics

The student must complete a minimum of 18 credits:

               
1. One of the following courses (3 or 4 credits):  
  EC 201 Introduction to Microeconomics 3
  EC 251H Microeconomics and Public Policy 4
  EC 301 Intermediate Microeconomics 3
2. All of the following courses (12 credits):  
  EEP 255 Ecological Economics 3
  EEP 320 Environmental Economics 3
  EEP 405 Corporate Environmental Management (W) 3
  EEP 460 Natural Resource Economics 3
3. One of the following courses (3 or 4 credits):  
  CSUS 354 Water Resources Management 3
  CSUS 425 Environmental Impact Assessment 3
  CSUS 429 ProgramPlanning and Evaluation 3
  CSUS 464 Environmental and Natural Resource Policy in Michigan 3
  CSUS 465 Environmental and Natural Resource Law 3
  EC 450 Economics of Environmental Policy (W) 3
  FOR 466 Natural Resource Policy 3
  FW 364 Ecological Problem Solving 3
  GEO 324 Remote Sensing of the Environment 4
  GEO 402 Agricultural Climatolgoy 3
  PKG 370 Packaging and the Environment 3

 


Minor in Food Industry Management

The Minor in Food Industry management is designed to serve students with majors in other fields who are interested in careers in the food industry.  The primary educational objective of the minor is to provide students with a fundamental knowledge of business management in relation to the food industry.

The minor is available as an elective to students who are enrolled in bachelor's degree programs at Michigan State University other than the Bachelor of Science degree program with a major in food industry management.  The minor is administered by the Department of Agricultural, Food, and Resource Economics.

At least 12 credits counted towards the requirements for this minor must be unique. Unique credits must not be used to fulfill another university, college, or major requirement in the student's program.

Requirements for the Minor in Food Industry Management

The student must complete:

               
1. Both of the following courses (6 credits):  
  ABM 100 Decision-making in the Agri-Food System 3
  FIM 220 Food Product Marketing 3
2. Two of the following courses (6 credits):  
  ABM 222 Agribusiness and Food Industry Sales (W) 3
  ABM 400 Public Policy Issues in the Agri-Food System 3
  ABM 422 Vertical Coordination in the Agri-Food System 3
  ABM 427 Global Agri-Food Industries and Markets 3
  ABM 435 Financial Management in the Agri-Food System 3
  ABM 437 Agribusiness STrategic Management (W) 3
  EEP 405 Corporate Environmental Management (W) 3
  FIM 335 Food Marketing Management 3
  FIM 415 Human Resource Management: Changes and Challenges 3
  FIM 439 Food Business Analysis and Strategic Planning (W) 3
  MKT 351 Retail Management 3
3. One of the following courses (3 credits):  
  ACC 201 Principles of Financial Accounting 3
  ACC 230 Survey of Accounting Concepts 3
4. One of the following courses (3 credits):  
  ABM 437 Agribusiness Strategic Management (W) 3
  FIM 335 Food Marketing Management 3
  FIM 439 Food Business Analysis and Strategic Planning (W) 3
  GBL 323 Introduction to Business Law 3
  MGT 325 Management Skills and Processes 3
  MKT 327 Introduction to Marketing 3
  SCM 303 Introduction to Supply Chain Management 3
  Courses used to fulfill this requirement may not be used to fulfill requirement 2.  

 


Graduate Study

The Department of Agricultural, Food, and Resource Economics offers Master of Science and Doctor of Philosophy degree programs in agricultural, food and resource economics. The courses and programs are designed to help students become thoroughly grounded in the concepts and tools of economic analysis and management, and in using them to solve applied problems in areas such as development economics, environmental and resource economics, agricultural and food economics, and food and agribusiness management.

The department participates in several graduate level specializations.

Students who are enrolled in Master of Science degree programs in the Department of Agricultural, Food, and Resource Economics may elect a Specialization in Food Safety. For additional information, refer to the statement on the specialization in the College of Veterinary Medicine section of this catalog.

Graduate students who are enrolled in the Department of Agricultural, Food, and Resource Economics may also elect specializations in resource economics (M.S. and Ph.D.) and agribusiness (M.S.). For additional information, refer to the statement on Interdepartmental Graduate Specializations in Resource Economics, and on the Master’s Specialization in Agribusiness.
 


Agricultural, Food and Resource Economics - Master of Science

Admission

Many undergraduate programs provide background for graduate study in agricultural, food and resource economics. However, a student with inadequate background in areas deemed important to the program of study may be required to complete collateral courses in addition to the minimum credit requirements for the degree and may be admitted on a provisional status until some deficiencies are remedied. All applicants for admission to graduate degree programs in agricultural, food and resource economics are required to submit scores for the General Test of the Graduate Record Examination.

Master of Science

The master's programs in agricultural, food and resource economics may be designed to serve either as final preparation for professional employment or as the foundation for a doctoral program.

In addition to meeting the requirements of the university and of the College of Agriculture and Natural Resources, students must meet the requirements specified below.

Requirements for the Master of Science Degree in Agricultural, Food and Resource Economics

The student may elect either Plan A (with thesis) or Plan B (non-thesis research paper).  The student's plan of study should be approved by the department prior to the beginning of the second semester of enrollment in the program.

A total of 30 credits is required for the degree under Plan A, and a total of 33 credits is required for the degree under Plan B.

Requirements for Both Plan A and Plan B:

  1. A grade-point average of at least 3.0 for all courses counting toward the master's degree , and in each course used to satisfy the mathematics, statistics, and quantitative methods requirements.
  2. A minimum of 12 credits in courses in agricultural, food and resource economics, with at least 9 credits at the 800-900 level.
  3. A minimum of 3 credits in courses in microeconomic theory, selected from AFRE 805, EC 812A or equivalent.
  4. A minimum of 9 credits in courses in quantitative analysis, including 3 credits of mathematics for economists (equivalent to AFRE 801 or EC 811A), 3 credits of statistics (AFRE 802, EC 820A or equivalent) and one elective 3 credit quantitative methods course.

Additional Requirements for Plan A:

  1. Six credits of master's thesis research.

Additional Requirements for Plan B:

  1. A research paper or papers representing not fewer than 3 credits.
  2. Six credits in courses in a minor field, either within or outside the department.


Agricultural, Food and Resource Economics - Doctor of Philosophy

In addition to meeting the requirements of the university and of the College of Agriculture and Natural Resources, students must meet the requirements specified below.

Requirements for the Doctor of Philosophy Degree in Agricultural, Food and Resource Economics

The student must:

1. Complete all of the following courses (20 credits):
AFRE 900A Applied Microeconomics I 3
AFRE 900B Applied Microeconomics II 3
EC 811A Mathematical Applications in Economics 2
EC 812A Microeconomics I 3
EC 812B Microeconomics II 3
EC 820A Econometrics IA 3
EC 820B Econometrics IB 3
2. Complete 9 credits in one of four major fields in Agricultural, Food and Resource Economics: development economics, environmental and resource economics, food and agribusiness management, or food and agricultural markets.
3. Complete 6 credits in a second major field in Agricultural, Food and Resource Economics.
4. Complete 6 credits of electives in courses not used to fulfill requirements 1., 2., and 3.
5. Pass written comprehensive examinations in microeconomic theory and econometrics (requirement 1.) no later than the end of the second year and in the student’s chosen major field (requirement 2.) by the end of the third year.
6. Complete a minimum of 24 credits of doctoral dissertation research in AFRE 999.
7. Present and obtain formal approval for the proposed dissertation research by the end of the fourth academic year.
8. Present the results of the research at the outset of the final oral examination, and prepare a research paper suitable for submission to a professional journal.
9. A grade point average of 3.0 in the student’s approved course program is required before the student can be certified for graduation. Collateral courses are not included in this calculation.