Department of Agricultural Economics and Economics

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Department of Agricultural Economics and Economics THE COLLEGE of AGRICULTURE Department of Agricultural Economics and Economics The Agricultural Economics and Economics Department at Montana State University offers a unique opportunity for students with diverse interests to learn skills in critical analysis, logical problem solving, data and policy analysis, written and oral communication, and business management. Our award-winning faculty has expertise in a wide variety of fields, conduct cutting- edge research, and take an active interest in their students by keeping class sizes small and implementing innovative teaching methods. Our programs have an excellent reputation with local, regional, national and international firms, as well as graduate schools in law, economics, and public policy. CURRICULUM OPTIONS B.S. Agricultural Business ities on the other, is growing rapidly. The MSU B. S. Economics Agricultural businesses are involved in agribusiness management curriculum has Offered as an interdisciplinary program from producing, transporting, processing and established an excellent reputation with em- the College of Agriculture and the College of distributing food and fiber products. Almost ployers and is specifically designed for man- Letters and Science, the Economics major 20 percent of the U.S. economy’s output agement training with emphasis on finance, offers training and applied knowledge in involves the food and fiber sector—90 accounting, and managerial economics in economic development, environmental policy percent of which occurs beyond the farm agriculture-related businesses and industries. and natural resource economics, industrial gate. Agribusiness is a dynamic industry with organization, international economics and a high degree of global and technological Farm and Ranch Management Option trade, labor economics, money and banking, sophistication. Companies in the agribusi- For a student who expects to work in agri- statistics, and public policy analysis. ness sector are on the cutting edge in use of cultural production and eventually own or biotechnology, information systems, logistics, operate a farm or ranch, the farm and ranch B.S. Financial Engineering and international trade. management option provides a vital set of This interdisciplinary major (shared with the management skills for success in undertaking College of Engineering) emphasizes new Agribusiness Option the investment and complicated business financial economic instruments, as well as The agribusiness sector of the economy, aspects of farming and ranching. Farm and combining existing instruments to manage which produces and sells goods and services ranch management is a strong academic risk, create strategic business opportunities, to farmers and ranchers on one hand, and program designed to provide marketing, lower costs, and create new management processes and markets agricultural commod- management, and finance skills. strategies. Department of Agricultural Economics and Economics Specialized Areas of Study/Minors: RESOURCES AND FACILITIES · Agricultural Business · Economics The Department of Agricultural Economics papers for their classes. The lab houses six · Financial Engineering and Economics provides an Undergraduate computers, two large whiteboards, two large Graduate Programs Research Lab. This lab is available for work tables, and a projector. · M.S. Applied Economics students working on research projects and What can I do with my degree? · Farm Management Advisor · Farm Manager SCHOLARSHIPS · Farmer The College of Agriculture offers over 100 information can be found at: ag.montana.edu/ · Banker unique scholarships and annually awards students/scholarships. Applications are due · Foreign Services Officer $250,000 in scholarship funding. Award on February 1st of each academic year. · Purchaser · Agricultural Business Technology amounts and criteria vary greatly. Scholarship · National and State Government Agencies · Nursery/Greenhouse Manager · Food Production Manager CAREERS WITH A DEGREE IN AGRICULTURAL ECONOMICS · Lender AND ECONOMICS · Appraiser · Insurance Agent Our programs provide a broad education Most economics majors find employment in · Agricultural Supplies Retail involving the domestic and international the business and finance industries because · Extension Agent economy and include the study of of their familiarity with economic laws · Accountant institutions, policy, and the tools of analysis. and principles. Graduates from economics · Auditor · Budget/Financial Analyst The agribusiness program teaches individuals programs are able to forecast financial · Financial Manager to apply economic and business principals to trends and consumer spending habits, which · Loan Officer the organization, operation, and management helps organizations make smart financial, · Logistician of agricultural enterprises. Students become marketing, and product-related decisions. · Management Analyst skilled in working with statistical concepts Financial engineers are commonly employed · Market Research Analyst and develop expertise in writing and oral in banking, corporate finance, securities, · Personal Finance Advisor · Purchasing Manager speaking. DAEE students also garner insurance, manufacturing, agricultural · Statistician observation and listening skills and they businesses, and other industries that require · Land-use Planner enjoy working with people. sophisticated financial management skills. · Financial Engineering: · Corporate Financial Advisor · Accountant ACCOMPLISHMENTS AND DISTINCTIONS · Auditor · Financial Manager Agriculture in a Global Context programs in agricultural and natural resource · Loan Officer economics. Many employers and faculty seek · Risk Management Analyst The Department of Agricultural Economics us out as a source for potential employees · Broker and Economics strives toward educating and Ph.D. students. · Portfolio Management students in and out of the classroom, · Market Research Analyst locally as well as globally. The Agriculture in Global Context course allows students For additional information: to study internationally while investigating Department of Agricultural Economics international business principles and policies. and Economics Students have traveled to Taiwan, Ireland, Montana State University China, Greece, Chile, Ukraine, New Zealand P.O. Box 172920 and more! Bozeman, MT 59717-2920 Tel: (406) 994-3701 Nationally Ranked Programs Fax: (406) 994-4838 The Master of Science degree in Applied E-mail: [email protected] Economics has been consistently ranked in Location: 306 Linfield Hall the top five in the nation among Master’s .
Recommended publications
  • The Economic Contribution of Agriculture and Forestry Production and Processing in Mississippi: an Input-Output Analysis
    The Economic Contribution of Agriculture and Forestry Production and Processing in Mississippi: An Input-Output Analysis Agriculture and forestry are major components of Data for the direct effects and estimation of the indirect Mississippi’s economy. In 2014 alone, agriculture and and induced effects came from a well-known input-output forestry production and processing sectors directly modeling system called Impact for Planning and Analysis, accounted for 113,934 jobs paying $3.04 billion in wages or IMPLAN, software that is updated annually by the and salaries (Table 1). In addition, agriculture and forestry IMPLAN Group LLC (2015). IMPLAN is a computerized related sectors also directly accounted for $26.4 billion in database and modeling system for constructing regional sales with a value-added generation of $8.4 billion. Clearly, economic accounts and regional input-output tables. The agriculture and forestry provide a major contribution to IMPLAN 536 sector input-output model is based primarily the Mississippi economy. on data from the U.S. Bureau of Economic Analysis, U.S. Yet, this contribution has a much larger effect on Bureau of Labor Statistics, U.S. Census Bureau, U.S. the Mississippi economy. A larger total contribution Department of Agriculture, and U.S. Geological Survey. results when also accounting for the stimulative effect This study used an input-output model constructed with of spending by the employees of the agriculture and the most recent 2014 IMPLAN data. forestry industries. This report provides an estimate of the The total economic contribution of agriculture and economic contribution of agriculture and forestry sectors forestry (i.e.
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  • Nathalie Lavoie
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  • Introduction to Agricultural Economics
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  • Market Power, Misconceptions, And
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  • Competitiveness of Agricultural Product and Input Markets
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