Agricultural and applied economics applies economic methods to contemporary problems in production, distribution, and consumption of commodities and resources. This field is concerned with decision making in the public sector and in firms that provide materials and services, credit, processing, marketing and distribution of products, as well as analysis of economic behavior in the food and fiber industries, including the effects of government policies. The major objective of the department is to teach students to think analytically and base decisions on economic principles.
Students develop skills in economics, mathematics, statistics, and communication.
Training in policy, price analysis, and marketing is also provided. The department prepares graduates to manage business and financial firms, farms, ranches, and related organizations, and to direct land and property development and real estate activities. The B.S. degree in Agricultural and Applied Economics provides a strong foundation in economics and mathematics and emphasizes writing and communication skills. There is enough flexibility in the program to allow students to earn a minor in areas such as management and finance. Minors are also available in other departments in the College of Agricultural Sciences and Natural Resources as well as in economics and other fields.