Agricultural Business Management (ABM) Learning Outcomes
Students graduating with an ABM degree will be able to demonstrate in exams or work samples the ability to:
1. Explain microeconomic theory at the intermediate level, including producer theory, and how markets work and prices are formulated.
2. Analyze and evaluate agribusiness problems and management decisions employing commonly used business software such as MS Excel, Ag Tools and/or FINPACK, utilizing various forms of capital and cash‐flow budgeting, as well as historic and pro forma form financial statements.
3. Utilize and apply regression and other statistical methods to analyze commodity markets and economic data.
4. Formulate marketing plans and strategies and clearly communicate the analysis and planning of agribusiness decision making in both oral and written form.
5. Explain how external forces such as law, environmental regulation, and government policies impact agribusiness decision making.
Environmental Economics and Policy (EEP) Learning Outcomes
Students graduating with an EEP degree will be able to:
1. Explain microeconomic theory at the intermediate level, including producer theory, how markets work and prices are formulated, market failure and its causes, and welfare theory.
2. Analyze natural resource and environmental management issues, including the management of specific resources (such as fishery, forests, land, and water), by applying economics theory and tools such as: a. Efficiency concepts and other criteria for evaluating environmental and resource management and policy. b. Externalities and imperfect market structures. c. Basic policy instruments to control externalities (including taxes, standards, subsidies, liability rules, and voluntary approaches.
3. Apply statistics and regression techniques to economic data and models and evaluate results.
4. Communicate the process and results of economic analysis of environmental and natural resource issues through a variety of written and oral methods.
5. Explain the legal system in the United States, particularly as it applies to environmental issues and natural resource use.
6. Explain the linkages between local and global environmental and natural resource issues and policy.