Agricultural and Food Business Management (AFBM) Learning Outcomes
Students graduating with an AFBM 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 agricultural and food business problems and management decisions employing commonly used business software, utilizing various forms of capital and cash-flow budgeting, as well as historic and pro forma firm financial statements.
3. Utilize and apply regression and other statistical methods to analyze commodity markets and economic data.
4. Formulate agricultural and food business strategies and marketing plans for both generic commodities and specialized products.
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 relevant economic theory and tools.
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. Demonstrate the powers and constraints of US legal structures and policy tools to address environmental and natural resource issues.