UC DAVIS GENERAL CATALOG--Programs and Courses

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Agricultural and Resource Economics

(College of Agricultural and Environmental Sciences)
Colin A. Carter, Ph.D., Chairperson of the Department
Department Office, 2118 Social Sciences and Humanities Building (530-752-1517)
Undergraduate Student Information, 1176 Social Sciences and Humanities Building
(530-752-6185)
Graduate Student Information, 1171 Social Sciences and Humanities Building (530-752-6886)
World Wide Web: http://www.agecon.ucdavis.edu/

Faculty

Richard Alcauskas, J.D., Lecturer
Julian M. Alston, Ph.D., Professor
Steven Blank, Ph.D., Lecturer
Bayford D. Butler, M.S., Lecturer
Leslie J. Butler, Ph.D., Lecturer
Michael R. Caputo, Ph.D., Professor
Hoy F. Carman, Ph.D., Professor
Colin A. Carter, Ph.D., Professor
James A. Chalfant, Ph.D., Professor
Roberta L. Cook, Ph.D., Lecturer
Y. Hossein Farzin, Ph.D., Associate Professor
Racheal Goodhue, Ph.D., Assistant Professor
Richard D. Green, Ph.D., Professor
Arthur Havenner, Ph.D., Professor
Thomas W. Hazlett, Ph.D., Professor
Dale M. Heien, Ph.D., Professor
Richard E. Howitt, Ph.D., Professor
Lovell S. Jarvis, Ph.D., Professor
Desmond A. Jolly, Ph.D., Lecturer
Karen Klonsky, Ph.D., Lecturer
Mahlon Lang, Ph.D., Lecturer
Douglas M. Larson, Ph.D., Associate Professor
Philip L. Martin, Ph.D., Professor
Catherine J. Morrison Paul, Ph.D., Professor
Quirino Paris, Ph.D., Professor
Scott Rozelle, Ph.D., Associate Professor
Richard J. Sexton, Ph.D., Professor
Lawrence E. Shepard, Ph.D., Senior Lecturer
Joe J. Stasulat, Ph.D., Lecturer
Daniel A. Sumner, Ph.D., Professor
J. Edward Taylor, Ph.D., Professor
James E. Wilen, Ph.D., Professor
Jeffrey Williams, Ph.D., Professor

Emeriti Faculty

Oscar R. Burt, Ph.D., Professor Emeritus
Harold O. Carter, Ph.D., Professor Emeritus
Jerry Foytik, Ph.D., Professor Emeritus
Benjamin C. French, Ph.D., Professor Emeritus
Varden Fuller, Ph.D., Professor Emeritus
Warren E. Johnston, Ph.D., Professor Emeritus
Gordon A. King, Ph.D., Professor Emeritus
Sylvia Lane, Ph.D., Professor Emerita
Elmer W. Learn, Ph.D., Professor Emeritus
Samuel H. Logan, Ph.D., Professor Emeritus
Alexander F. McCalla, Ph.D., Professor Emeritus
Chester O. McCorkle, Jr., Ph.D., Professor Emeritus
Refugio I. Rochin, Ph.D., Professor Emeritus
J. Herbert Snyder, Ph.D., Professor Emeritus
Stephen H. Sosnick, Ph.D., Professor Emeritus

Major Program and Graduate Study. See the major in Managerial Economics; and for graduate study, see the Graduate Studies chapter in this catalog.

Major Advisers. See the Class Schedule and Registration Guide.

Related courses. See Environmental Biology and Management 110; Environmental Science and Policy 160, 168A, 168B, 173; and courses in Economics.


Courses in Agricultural and Resource Economics (ARE)

Upper Division Courses Graduate Courses Professional Courses

*Course not offered this academic year.

General Education (GE) credit: ArtHum = Arts and Humanities; SciEng = Science and Engineering; SocSci = Social Sciences; Div = Social-Cultural Diversity; Wrt = Writing Experience. Select this link to information on the General Education requirement.

VIEW COURSE UPDATES VIEW SCHEDULE OF CLASSES UP TO TOP OF PAGE


Lower Division Courses

1. Economic Basis of the Agricultural Industry (4) III. McCalla

Lecture--4 hours. Agriculture and man; the agricultural industry in U.S. and world economies; production and supply, marketing and demand; agricultural land, capital and labor markets; economic and social problems of agriculture in an urban and industrialized economy emphasizing California. GE credit: SocSci.

15. Population, Environment and World Agriculture (4) I. Jarvis

Lecture--3 hours; discussion--1 hour. Economic analysis of interactions among population, environment, natural resources and development of world agriculture. Introduces students to economic thinking about population growth, its causes and consequences for world food demand, and environmental and technological limits to increasing food supplies. GE credit: SocSci, Div, Wrt.

18. Business Law (4) I, III. Alcauskas; summer. The Staff

Lecture--4 hours. Prerequisite: sophomore standing. General principles of business law in the areas of contracts, business organization, real property, uniform commercial code, sales, commercial paper, employment relations, and creditor-debtor against a background of the history and functioning of our present legal system.

49A-49B-49C. Field Practice (1) I, II, III. Stasulat

Discussion--1 hour; three field trips. Prerequisite: consent of instructor. Field trips and experiences to observe the various management aspects of Agricultural Production. Emphasis will be placed on developing the student's understanding and awareness of economics and management and their application in agricultural production. (P/NP grading only.)

98. Directed Group Study

(1-5) I, II, III. The Staff (Chairperson in charge)

Prerequisite: consent of instructor. (P/NP grading only.)

99. Special Study for Undergraduates (1-5) I, II, III. The Staff (Chairperson in Charge)

Prerequisite: consent of instructor. (P/NP grading only.)

Upper Division Courses

100A. Intermediate Microeconomics: Theory of Production and Consumption (4) I. Farzin, Farzin; II. Paris, Constantine; III. Paul

Lecture--3 hours; discussion--1 hour. Prerequisite: Economics 1A, 1B; Mathematics 16B. Theory of individual consumer and market demand; theory of production and supply of agricultural products, with particular reference to the individual firm; pricing, output determination, and employment of resources under pure competition. (Not open for credit to students who have completed Economics 100 or the equivalent; however, Economics 100 will not serve as prerequisite to course 100B.)

100B. Intermediate Microeconomics: Imperfect Competition, Markets and Welfare Economics (4) I. Larson; II. Sexton, Constantine; III. Howitt

Lecture--3 hours; discussion--1 hour. Prerequisite: course 100A. Pricing, output determination, and employment of resources under conditions of monopoly, oligopoly, and monopolistic competition.

106. Quantitative Methods in Agricultural Economics (4) I. Green; II. Paris, The Staff; III. Taylor

Lecture--3 hours; discussion--1 hour. Prerequisite: course 100A, Statistics 103. Statistical methods for analyzing quantitative agricultural economics data:
linear and multiple correlation and regression analysis.

112. Fundamentals of Business Organization (4) I. Butler; III. Butler; summer. The Staff

Lecture--2 hours; discussion--2 hours. Prerequisite: upper division standing or consent of instructor. The role of organizational design and behavior in business and public agencies. Principles of planning, decision making; individual behavior, motivation, leadership; informal groups; conflict and change in the organization.

113. Fundamentals of Marketing Management (4) I. Butler

Lecture--4 hours. Prerequisite: Economics 1A. For non-majors only. Nature of product marketing by the business firm. Customer-product relationships, pricing and demand; new product development and marketing strategy; promotion and advertising; product life cycles; the distribution system; manufacturing, wholesaling, retailing. Government regulation and restraints. (Not open for credit to students who have completed course 136.)

115A. Economic Development (4) I. Rozelle; II. Vosti

Lecture--3 hours; discussion--1 hour. Prerequisite: Economics 1A and 1B. Major issues encountered in emerging from international poverty, problems of growth and structural change, human welfare, population growth and health, labor markets and internal migration. Important issues of policy concerning international trade and industrialization. (Same course as Economics 115A.) GE credit: SocSci, Div.

115B. Economic Development (4) III. Woo (Economics)

Lecture--3 hours; discussion--1 hour. Prerequisite: Economics 1A and 1B. Major macroeconomic issues of developing countries. Issues include problems in generating capital, conduct of monetary and fiscal policies, foreign aid and investment. Important issues of policy concerning international borrowing and external debt of developing countries. (Same course as Economics 115B.) GE credit: SocSci.

118. Tax Management (4) III. Butler

Lecture--4 hours. Prerequisite: Management 11A, 11B; course 18 recommended. Development and application of a framework to understand the tax effects of typical management decisions on both entities and their owners. Impacts that different methods of taxation have on business entities with emphasis on tax planning, using income and deduction strategies, retirement plans, and choice of business entity for tax minimization.

120. Agricultural Policy (4) II. Sumner

Lecture--3 hours; discussion--1 hour. Prerequisite: course 100A or the equivalent. Analytical treatment of historical and current economic problems and governmental policies influencing American agriculture. Uses of economic theory to develop historical and conceptual understanding of the economics of agriculture; how public policy influences the nature and performance of American agriculture. GE credit: SocSci.

130. Agricultural Markets (4) III. L. Butler

Lecture--3 hours; discussion--1 hour. Prerequisite: course 100A. The nature, function, organizational structure, and operation of agricultural markets; prices, costs, and margins; market information, regulation, and controls; cooperative marketing.

132. Cooperative Business Enterprises (3) I. Lang

Lecture--3 hours. Prerequisite: Economics 1A. Study of cooperative business enterprise in the United States and elsewhere; economic theories of behavior, principles of operation, finance, decision-making, and taxation.

135. Agribusiness Marketing Plan Development (2) I. L. Butler

Lecture/discussion--2 hours. Prerequisite: upper division standing. Fundamental components required to develop a marketing plan. Appreciation of the concept of a marketing plan, appropriate research required, including the use of library and Internet, survey and interview instruments, government documents, market analysis, business proposition, action planning, financial evaluation and monitoring. (P/NP grading only.)

136. Managerial Marketing (4) II. Carman

Lecture--4 hours. Prerequisite: course 100A; Statistics 103. Application of economic theory and statistics in the study of marketing. Marketing measurement and forecasting, market planning, market segmentation, determination of optimal product market mix, sales and cost analysis, conduct of marketing research, marketing models and systems.

138. International Commodity and Resource Markets (3) III. Williams

Lecture--3 hours. Prerequisite: course 100A, Economics 100 or 104. Basic nature and scope of international trade in agricultural commodities, agricultural inputs, and natural resources. Market dimensions and policy institutions. Case studies to illustrate import and export problems associated with different regions and commodities.

139. Futures and Options Markets (3) I. Eaves

Lecture--3 hours. Prerequisite: course 100A; Statistics 103. History, mechanics, and economic functions of futures and options markets; hedging; theory of inter-temporal price formation and behavior of futures
and options prices; price forecasting; futures and options as policy tools.

140. Farm Management (5) II. House

Lecture--5 hours. Prerequisite: Economics 1A. Farm organization and resources; economic and technological principles in decision making; analytical techniques and management control; problems in organizing and managing the farm business.

142. Personal Finance (3) I. Shepard; II. Butler; summer. The Staff

Lecture--3 hours. Prerequisite: Economics 1B. Management of income and expenditures by the household. Use of consumer credit, savings, and insurance by households. Principles of tax, retirement, and estate planning.

143. Investments (3) II. Shepard

Lecture--3 hours. Prerequisite: course 142 or consent of instructor. Survey of investment institutions, sources of investment information, and portfolio theory. Analysis of the stock, bond and real estate markets from the perspective of the investor.

144. Real Estate Economics (3) III. Shepard

Lecture--3 hours. Prerequisite: course 100A. The economic theory, analysis, and institutions of real estate markets and related financial markets. Case studies drawn from the raw land, single family, multifamily, industrial and office real estate markets.

145. Farm and Rural Resources Appraisal (4) III. Johnston

Lecture--3 hours; laboratory--3 hours; field trip. Principles of farm and ranch appraisal; land utilization in relation to problems of development and valuation. Real estate instruments and elements of real estate finance.

146. Government Regulation of Business (3) II. Goodhue

Lecture--3 hours. Prerequisite: course 100A or the equivalent. Variety, nature and impact of government regulation: anti-trust laws and economic and social regulation. Nature of the legislative process, promulgation of regulations, and their impact, especially as analyzed by economists. GE credit: SocSci.

147. Resource and Environmental Policy Analysis (3) II. Wilen

Lecture--3 hours. Prerequisite: Economics 1A; enrollment open to non-majors only. Natural resource use problems with emphasis on past and current policies and institutions affecting resource use; determinants, principles, and patterns of natural resource use; property rights; conservation; private and public resource use problems; and public issues. (Students who have had or are taking course 100A, Economics 100, or the equivalent, may receive only 2 units of credit, so must enroll in course 147M instead.) GE credit: SocSci.

147M. Resource and Environmental Policy Analysis (2) II. Wilen

Lecture--3 hours. Prerequisite: Economics 1A; enrollment open to non-majors only. Natural resource use problems with emphasis on past and current policies and institutions affecting resource use; determinants, principles, and patterns of natural resource use; property rights; conservation; private and public resource use problems; and public issues. (Students who have had or are taking course 100A, Economics 100, or the equivalent, must enroll in this course (for 2 units) rather than course 147.)

150. Agricultural Labor (4) I. Martin

Lecture--3 hours; discussion--1 hour. Importance of family and hired labor in agriculture; farm labor market; unions and collective bargaining in California agriculture; simulated collective bargaining exercise; effects of unions on farm wages and earnings. GE credit: SocSci, Div, Wrt.

155. Quantitative Analysis for Business Decisions (4) I. Paris; II. Howitt; III. Constantine

Lecture--3 hours; discussion--1 hour. Prerequisite: course 100A; Statistics 103. Introduction to selected topics in management science and operations research: decision analysis for management, mathematical programming, competitive analysis, and others.

156. Introduction to Mathematical Economics (4) I. Green

Lecture--4 hours. Prerequisite: courses 100A and 155; Mathematics 16C or 21C recommended (students should note that the formal mathematical content of this course is higher than other courses in the curriculum). Linear algebra for economists; necessary and sufficient conditions in static optimization problems; implicit function theorem; economic methodology and mathematics; comparative statics; envelope theorem; Le Chatlier principle; applications to production and consumer models.

157. Analysis for Production Management (4) III. Carman

Lecture--4 hours. Prerequisite: course 100A; Statistics 103. Application of economic theory and quantitative methods in analyzing production management problems including inventory control, production scheduling, quality control, simulation, systems approach, and work measurement.

171A. Financial Management of the Firm (4) I, II. Havenner

Lecture--3 hours; discussion--1 hour. Prerequisite: course 106; Management 11A-11B. Financial analysis at the firm level: methods of depreciation; influence of the tax structure; inventory, cash, and accounts receivable management; sources of short-term and long-term financing, and financial problem solving using a computer spreadsheet program. (Students who have had or are taking Economics 134 may not receive credit for this course.)

171B. Financial Management of the Firm (4) II. Whitney

Lecture--3 hours; discussion--1 hour. Prerequisite: course 171A. Financial analysis at the firm level: methods of capital budgeting; calculating the cost of capital; dividend policies; mergers and acquisitions; and special current topics in finance.

175. Natural Resource Economics (4) II. Wilen

Lecture--3 hours; discussion--1 hour. Prerequisite: course 100B or Economics 100 or the equivalent. Economic concepts and policy issues associated with natural resources, renewable resources, (ground water, forests, fisheries, and wildlife populations) and non-renewable resources (minerals and energy resources, soil). (Same course as Environmental Science and Policy 175.) GE Credit: SocSci.

176. Environmental Economics (3) III. Larson

Lecture--3 hours. Prerequisite: course 100B or Economics 100 or the equivalent. Analytical treatment of the role of the environment in economic activity and methods for protecting and enhancing environmental quality; implications of market failures for public policy; design of environmental policy; theory of welfare measurement; measuring the benefits of environmental improvement. GE credit: SocSci.

192. Internship (1-6) I, II, III, summer. The Staff (Chairperson in charge)

Internship--3-18 hours. Internship experience off and on campus in all subject areas offered in the Department of Agricultural and Resource Economics. Internships are supervised by a member of the staff. (P/NP grading only.)

194HA-194HB. Special Study for Honors Students (3-3) I-II. Martin

Independent study--2 hours; seminar--1 hour. Prerequisite: course 100B; 106 or 155. The remaining course (106 or 155), if any, may be taken concurrently with 194HB. Open to seniors majoring in Agricultural and Managerial Economics with a minimum GPA of 3.50. A program of research culminating in the writing of a senior honors thesis under the direction of a faculty adviser. (Deferred grading only, pending completion of course.)

197T. Tutoring in Agricultural Economics (1-3) I, II, III. The Staff (Chairperson in charge)

Hours and duties will vary depending upon the course being tutored. Prerequisite: senior standing in Agricultural and Resource Economics and consent of Department Chairperson. Tutor will lead small discussion groups affiliated with one of the department's regular courses, under the supervision of, and at the option of the instructor in charge of the course. (P/NP grading only.)

198. Directed Group Study (1-5) I, II, III. The Staff (Chairperson in charge)

Prerequisite: consent of instructor. (P/NP grading only.)

199. Special Study for Advanced Undergraduates (1-5) I, II, III. The Staff (Chairperson in charge)

Prerequisite: consent of instructor. (P/NP grading only.)

Graduate Courses

200A. Microeconomic Theory (5) I. The Staff (Economics)

Lecture--4 hours; discussion--1 hour. Prerequisite: graduate standing. Linear and non-linear optimization theory applied to develop the theory of the profit-maximizing firm and the utility-maximizing consumer. (Same course as Economics 200A.)

200B. Microeconomic Theory (5) II. Helms (Economics)

Lecture--4 hours; discussion--1 hour. Prerequisite: course 200A. Characteristics of market equilibrium under perfect competition, simple monopoly and monopsony. Emphasis on general equilibrium and welfare economics; the sources of market success and market failures. (Same course as Economics 200B.)

200C. Microeconomic Theory (5) III. Makowski (Economics)

Lecture--4 hours; discussion--1 hour. Prerequisite: course 200B. Uncertainty and information economics. Individual decision making under uncertainty. Introduction to game theory, with emphasis on applications to markets with firms that are imperfect competitors or consumers that are imperfectly informed. (Same course as Economics 200C.)

202A. Introduction to Applied Research Methods (3) I. Wilen

Lecture/discussion--3 hours. Prerequisite: courses 204 and 256, or the equivalent; 200A concurrently. Study of philosophy and methodology of applied research in agricultural economics. Methods of conceptualization of researchable topics. Method of communication and constructive criticism.

202B. Applied Microeconomics I: Consumer and Producer Behavior (3) II. Paul

Lecture/discussion--3 hours. Prerequisite: courses 200A and 202A; course 200B concurrently. Application of consumer and producer theory in models of individual behavior and market-level phenomena. Implications of consumer and producer theory for specification of empirical models of supply and demand for inputs and outputs and market equilibrium displacement models.

202C. Applied Microeconomics II: Welfare Analysis and Imperfect Competition (3) III. Goodhue

Lecture/discussion--3 hours. Prerequisite: course 202B; course 200C concurrently. Methods of applied welfare economics with emphasis on problems arising in agriculture and the environment. Models of imperfectly competitive markets and their application to industries and institutions in the agricultural sector.

204. Microeconomic Analysis (5) I. Sexton

Lecture--4 hours; discussion--1 hour. Prerequisite: Economics 100 or courses 100A-100B and Mathematics 16A-16B; open to advanced undergraduates with consent of instructor. Economic reasoning and social choice: behavior of firms and households, theory of markets, partial and general equilibrium analysis, welfare economics, illustrations and applications. (Same course as Economics 204.)

214. Development Economics (4) I. Rozelle (in charge), Jarvis, Taylor

Lecture--4 hours. Prerequisite: course 100A, 100B, Economics 101; course 204 and Economics 160A, 160B recommended. Review of the principal theoretical and empirical issues whose analysis has formed development economics. Analysis of economic development theories and development strategies and their application to specific policy issues in developing country contexts. (Same course as Economics 214.)

215A. Microdevelopment Theory & Methods I (4) I. Taylor (in charge)

Lecture--3 hours; discussion--1 hour. Prerequisite: course 200A or 204; course 240A recommended. Agricultural development theory, with a focus on microeconomics. Agricultural household behavior with and without imperfections and uncertainty. Analysis of rural land, labor, credit and insurance markets, institutions, and contracts. (Same course as Economics 215A.)

215B. Open Macroeconomics of Development (4) II. Kaneda (Economics)

Lecture--3 hours; discussion--1 hour. Prerequisite: courses 200A or 204, 200D or 205, and 214 or 215A. Models and policy approaches regarding trade, monetary and fiscal issues, capital flows and debt are discussed in the macroeconomic framework of an open developing country. The basic analytical focus is real exchange rate and its impact on sectoral allocation of resources. (Same course as Economics 215B.)

215C. Microdevelopment Theory and Methods II (4) III. Rozelle (in charge), Jarvis, Taylor

Lecture--3 hours; discussion--1 hour. Prerequisite: course 215A. Extension of development theory and microeconomic methods. Agricultural growth and technological change; poverty and income inequality; multisectoral, including village and regional models. Computable general equilibrium methods and applications. (Same course as Economics 215C.)

*215D. Environment and Economic Development (4) III.

Lecture--3 hours; discussion--1 hour. Prerequisite: course 200A, 204 or 275. Interdisciplinary course drawing on theoretical and empirical research on interactions between environmental resource use and economic development processes. Analysis of issues emerging at the interface of environmental and development economics. (Same course as Economics 215D.)

222. International Agricultural Trade and Policy (3) I. Carter

Lecture--3 hours. Prerequisite: course 100B or 204; Economics 160A or the equivalent. Analysis of country interdependence through world agricultural markets. Partial equilibrium analysis is used to study the impacts of national intervention on world markets, national policy choice in an open economy and multinational policy issues. Offered in alternate years.

231. Supply and Demand for Agricultural Products (4) I. Alston

Lecture--3 hours; discussion--1 hour. Prerequisite: courses 200A, 202A, and 240A or consent of instructor. Analysis of supply and demand for agricultural commodities emphasizing the effective use of microeconomic theory with econometric methods, and other empirical procedures, in conducting applied analysis of supply and demand at the firm and industry level.

232. Agricultural Commodity Markets (4) II. Sumner

Lecture--3 hours; discussion--1 hour. Prerequisite: courses 200A, 202A, and 240A or consent of instructor. Economic analysis of industries that produce, market, transport, store, and process basic commodities. Analysis of market equilibrium under perfect and imperfect competition, with and without government involvement.

233. Agricultural Policy (4) III. Williams

Lecture--3 hours; discussion--1 hour. Prerequisite: courses 200A, 202A, and 240A or consent of instructor. Nature, formation, evolution, and institutions of economic policy applied to food, agricultural, and rural issues. Examples for detailed consideration include food security, commodity issues, and trade policy. Analytical approaches include static and dynamic welfare analysis, policy design, and political-economic analysis.

240A. Econometric Methods (4) II. Chalfant

Lecture--4 hours. Prerequisite: Statistics 133 and a course in linear algebra or the equivalent. Least squares, instrumental variables, and maximum likelihood estimation and inference for single equation
linear regression model; linear restrictions; heteroskedasticity; autocorrelation; lagged dependent variables. (Same course as Economics 240A.)

240B. Econometric Methods (4) III. Chalfant

Lecture--4 hours. Prerequisite: course 240A. Topics include analysis of variance, pooled time-series, cross-section estimation, seemingly unrelated regression, classical hypothesis tests, and identification and estimation of simultaneous equation models. (Same course as Economics 240B.)

240C. Econometric Theory (4) I. The Staff (Economics)

Lecture--3 hours; discussion--1 hour. Prerequisite: course 240B. Finite sampling theory; nonlinear and dynamic econometric models; asymptotic distribution theory. (Same course as Economics 240C.)

240D. Topics in Econometrics (4) III. The Staff

Lecture--3 hours; discussion--1 hour. Prerequisite: course 240B. Advanced topics in nonlinear econometric modelling. Contents may vary from year to year. (Same course as Economics 240D.)

240E. Topics in Applied Econometrics (4) III. Layton

Lecture--3 hours; discussion--1 hour. Prerequisite: courses 240A and 240B. Examination of modern econometric techniques used in applied fields of economic research, such as demand analysis, environmental economics, macroeconomics/finance, etc. Emphasis on selection of appropriate tools for individual fields. Course focus will expand topics covered in courses 240A and 240B. (Same course as Economics 240E.)

252. Applied Linear Programming (4) II. Howitt

Lecture--3 hours; discussion--1 hour. Applied linear programming methods emphasizing uses for business decisions: production, diet, blending, network and related problems.

253. Optimization Techniques with Economic Applications (4) I. Williams

Lecture--3 hours; discussion--1 hour. Prerequisite: course 200C. Optimization techniques and methods including linear and nonlinear programming. Empirical applications to household, firm, general equilibrium and economic growth problems.

254. Dynamic Optimization Techniques with Economic Applications (4) II. Caputo

Lecture--4 hours. Prerequisite: course 253 and elementary knowledge of ordinary differential equations. Necessary and sufficient conditions in the calculus of variations and optimal control, economic interpretations, the dynamic envelope theorem and transversality conditions, infinite horizon problems and phase diagrams, local stability and comparative statics of the steady state, comparative dynamics.

*255. Advanced Topics in Economic Dynamics (3) III. Caputo, Howitt

Lecture--3 hours. Prerequisite: course 254. Local stability analysis, steady state comparative statics and comparative dynamics, dynamic duality theory and the principle of optimality, differential games, numerical solution of deterministic and stochastic dynamic models using GAMS, stochastic optimal control, plus other advanced topics in economic dynamics. Offered in alternate years.

256. Applied Econometrics (4) II. Heien

Lecture--3 hours; discussion--1 hour. Prerequisite: course 106, Economics 140 or the equivalent, or consent of instructor. Application of statistical tools to economic and business analysis. Emphasis on regression analysis, problems of specification, and model development. (Same course as Economics 256.)

258. Demand and Market Analysis (3) III. Paul

Lecture--3 hours. Prerequisite: courses 204 and 256 or consent of instructor. Quantitative and theoretical analysis of the factors affecting supply, demand and price determination for agricultural products. Emphasis on analytical tools for assessing the impacts of changes in government policies and macroeconomic variables.

275. Economic Analysis of Resource and Environmental Policies (4) III. Weinberg

Lecture/discussion--4 hours. Prerequisite: course 204/Economics 204. Development of externality theory, market failure concepts, welfare economics, theory of renewable and non-renewable resource use, and political economic models. Applications to policy issues regarding the agricultural/environment interface and managing resources in the public domain. (Same course as Environmental Science and Policy 275.)

276. Environmental Economics (4) I. Larson

Lecture--3 hours; discussion--1 hour. Prerequisite: course 204 or consent of instructor. Applications of externality theory to the design of efficient environmental policies. Evaluation of pollution control policy instruments in light of information limitations and market imperfections. Methods for nonmarket valuation of the benefits of environmental improvement.

277. Natural Resource Economics (4) III. Farzin

Lecture--4 hours. Prerequisite: course 254 or consent of instructor. Application of capital theory and dynamic methods to issues of optimal use of renewable and nonrenewable resources. Examination of policy issues associated with forests, fisheries, groundwater, energy resources, watersheds, soil, global climate, and wildlife.

293. Analysis of California Agriculture and Resources (3) III. Johnston

Lecture--1.5 hours; fieldwork--45 hours total of field trip, including one 5-day summer field trip. Review and analysis of production, marketing, and resource issues facing agricultural firms in California. Application of economic theory and measurement to individual firm and industry decisions in an applied setting. (S/U grading only.)

293M. Analysis of California Agriculture and Resources (2) III. Johnston

Lecture--0.5 hours; fieldwork--45 hours total, including one 5-day summer field trip. Prerequisite: Ph.D. level standing. Review and analysis of production, marketing, and resource issues facing agricultural firms in California. (S/U grading only.)

298. Directed Group Study (1-5) I, II, III. The Staff (Chairperson in charge)

Advanced study through special seminars, informal group studies, or group research on problems for analysis and experimentation. Sections: (1) Managerial Economics; (2) Agricultural Policy; (3) Community and Regional Development; (4) Natural Resources; (5) Human Resources; (6) Research Methods and Quantitative Analysis.

299. Individual Study (1-12) I, II, III. The Staff (Chairperson in charge)

Sections: (1) Managerial Economics; (2) Agricultural Policy; (3) Community and Regional Development; (4) Natural Resources; (5) Human Resources; (6) Research Methods and Quantitative Analysis; and (7) Dissertation Research Prospectus. (S/U grading only.)

299D. Special Study for Doctoral Dissertation (1-12) I, II, III. The Staff (Chairperson in charge)

(S/U grading only.)

Professional Course

396. Teaching Assistant Training Practicum
(1-4) I, II, III. The Staff (Chairperson in charge)

Prerequisite: graduate standing. May be repeated for credit. (S/U grading only.)


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UC Davis 1999-2000 Online General Catalog. Posted July 30, 1999.
catalog-comment@ucdavis.edu
Molly Theodossy, Keitha Hunter and Barbara Anderson, Editors

We welcome your comments.