Requirements for completion of degree
The Master's program provides training in the theory and methods
of applied agricultural and resource economics. Graduating students
are qualified for positions in the private sector with agribusiness,
financial, farm management, and consulting firms, and in state
and federal government agencies. Some students choose to follow
the master's degree with enrollment in a Ph.D. program, either
at the University of Arizona or elsewhere. Many AREC graduates
have excelled in premier doctoral programs throughout the United
Program of study
In most cases, the master's program requires three or
four semesters of coursework. Students complete a 12-credit core
requirement including two courses in economic theory and two
courses in econometrics. All M.S. students are required to take
an intensive three-week review course in mathematics (AREC 580)
before the start of the fall semester.
Students may select remaining coursework according to their interests.
To add depth to their program, students are encouraged (but not
required) to focus their efforts in an area
of specialization. Students choose specific courses in consultation
with their academic advisor.
Thesis options and examinations
Students pursue a research or non-research option after
discussion with their faculty advisor. Under the research option,
students traditionally write a thesis and take up to six units of
research credit. As an alternative, students may complete three research
units and write a technical paper. This paper may include one chapter
of a thesis, with a detailed outline of remaining chapters, or be
a lay or extension publication. Students pursuing the technical paper
or non-research option are required to complete additional coursework.
All M.S. candidates must pass a final oral examination.
The exam will focus on the student's thesis, technical paper, or
coursework, depending on the student's program of study. In the
event of failure, students may repeat the oral examination once.
Students are required to earn a 3.0 (B)
grade average or better in their core program and all graduate
coursework. Students failing to maintain a 3.0 grade average will
be placed on academic probation and possibly dropped from the
program. If this occurs, the student must petition the Graduate
Advisory Committee for permission to re-enter the program.
M.S. curriculum requirements
Production Economics (AREC 504)
Consumption Economics and Price Analysis (AREC 513)
Introduction to Econometrics (ECON 518)
Applied Econometric Analysis I (AREC 549A)
Mathematics for Economists (AREC 580 - 2 units)
Areas of specialization
Introductory Mathematical Statistics for Economists (AREC 517)
Advanced Applied Econometrics (AREC 559 - 4 units)
Environmental and Natural
Economics of Natural Resource Policy (AREC 575)
Advanced Natural Resource Economics (AREC 576)
Advanced Topics in the Economics of Environmental Regulation (AREC
Other courses currently offered
Agricultural Development (AREC 516)
Financial Management for Agribusiness (AREC 550)
wishing to specialize in agribusiness management can do so by taking
AREC 550 and a suitable course in the Eller School of Graduate
Management in the areas of accounting, finance, marketing, and
management information systems.
Note: All courses are 3 units except