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College of Agricultural and Life Sciences

Agricultural and Applied Economics (AAE)

Agricultural and Applied Economics Major
Agricultural Business Management Major
Courses

429 Henry Taylor Hall, 427 Lorch Street, Madison, WI 53706; 608-262-9488; admissions@aae.wisc.edu; www.aae.wisc.edu

Professors Coxhead (chair), Barham, Chavas, Cox, Deller, Foltz, Gould, Harris, Jones, Klemme, Provencher,  Rutherford, Stiegert; Associate Professors Hueth, Mitchell, Phaneuf, Shechter, Shi; Assistant Professors Alex-Garcia, Du, Grainger, Parker

Faculty and students develop and use economic models and data to analyze and understand a wide range of issues—including environmental problems, world hunger, business economics and finance, economic development, globalization and trade, biotechnology, land prices, rural/urban land-use conflicts, and community development. Subject materials include courses in economics, environmental economics, managerial economics, financial management, commodities and futures markets, the global economy, development in Latin America, Africa, and Asia, marketing, cooperatives, international trade, pollution, and regulation. Students acquire the necessary skills to pursue an MBA, a law degree, a graduate degree in public policy, or a rewarding career in business, consulting, government, or with a large number of international organizations.

The department offers two undergraduate programs—Agricultural and Applied Economics and Agricultural Business Management. These programs also make excellent double majors with Environmental Studies.

Agricultural and Applied Economics (AAE)

This major can be earned through the Bachelor of Science degree program.

Major requirements usually met in the freshman and sophomore years are: AAE 215, Economics 102, an elementary course in statistics, and one semester of calculus (Math 211 or 221).

Other major requirements are: AAE 500 (a “capstone” course), and a minimum of 15 additional credits in AAE courses. Students select an area of concentration within the major from four choices: Applied Economics, Development Economics, Environmental Economics or Managerial Economics. These 15 credits are selected by the student with the assistance of an advisor to focus on their area of concentration and must be at the 300 level or above (does not include AAE 500).  Students also must complete Economics 301 and 302.

Required Courses
Mathematics and Statistics (8–9 cr)

This major requires calculus. Prerequisites may need to be taken before enrollment in calculus. Refer to the Course Guide for information about calculus prerequisites.

Math 211 or 217 or 221
Econ 310 or Stat 301 or 371 or Gen Bus 303 or Psych 210 or Soc 360 or equivalent

Core (14-15 cr)

3 credits required from: AAE 215*, Econ 101
Econ 102
Econ 301 or 311
Econ 302 or 312
* AAE 215 only carries QR-B credit if taken Fall 2011 or later.

Concentrations within the Major

Choose one:

Applied Economics (15 cr)
AAE courses, 300 level and above (15 cr)

Development Economics (15 cr)
AAE 374
AAE 474
AAE 373 or 462 or 473 or 477
AAE courses, 300 level and above (6 cr)

Environmental Economics (15 cr)
AAE 343
AAE 344 (changed to AAE 244, effective spring 2014) [catalog update 8/23/13]
AAE courses, 300 level and above (9 cr)

Managerial Economics (15 cr)
AAE 320
AAE 322
AAE 419
AAE courses, 300 level and above (6 cr)

Capstone (3 cr)

AAE 500

Students wishing to explore counting an internship or independent study for the capstone should see their advisor.

Agricultural Business Management (ABM)

Course work in AAE constitutes a substantial segment of the curriculum for the B.S. degree in Agricultural Business Management. In addition to general college requirements, a major in ABM includes courses in the production sciences, math, economics, AAE, and business. (See Undergraduate curriculum below for specific requirements.)

Those completing the course work in ABM are awarded the Bachelor of Science–Agricultural Business Management degree.

The Department of Agricultural and Applied Economics may be consulted for specific career information for each of the majors.

Required Courses
Mathematics and Statistics (8–9 cr)

This major requires calculus. Prerequisites may need to be taken before enrollment in calculus. Refer to the Course Guide for information about calculus prerequisites.

Math 211 or 217 or 221
Econ 310 or Stat 301 or 371 or Gen Bus 303 or Psych 210 or Soc 360 or equivalent

Core (37–40 cr)

3 credits required from: AAE 215*, Econ 101
Econ 102
Econ 301 or 311
Econ 302 or 312
AAE 320
AAE 322
AAE 419
AAE/Econ 421
Acct I S 100** or 300
Nine credits required from: Econ/Finance 300, Gen Bus 301, 310, 311, Marketing 300, MHR 300, MHR 305, Acct I S 211**
* AAE 215 only carries QR-B credit if taken Fall 2011 or later.
**Acct I S 100 is a prerequisite for Acct I S 211.

Capstone (3 cr)

AAE 500
Students wishing to explore counting an internship or independent study for the capstone should see their advisor.