FOOD AND RESOURCE ECONOMICS/97 values, principles, and practices of property and liability insur- ance. RMI 6905-Individual Work in Risk Management and Insurance (1-4; max: 7) Prereq: permission of department and Director of Graduate Studies. RMI 6910-Supervised Research (1-5; max: 5) S/U. RMI 6936-Problems in Risk Management (3) Insurance hazards of business concerns and governmental units, with consideration of insurance protection available., RMI 6971-Research for Master's Thesis (1-15) S/U. RMI 7979-Advanced Research (1-9) Research for doctoral stu- dents before admission to candidacy. Designed for students with a master's degree in the field of study or for students who have been accepted for a doctoral program. Not open to students who have been admitted to candidacy. S/U. RMI 7980-Research for Doctoral Dissertation (1-15) S/U. FOOD AND RESOURCE ECONOMICS College of Agriculture GRADUATE FACULTY 1989-90 Chairman: L. W. Libby. Graduate Coodinator: T. H. Spreen. Ben Hill Griffin, Jr., Professor of Agricultural Marketing: E. M. Babb. Distinguished Service Professor: K. W. Kepner. Professors:j. Alvarez; C. 0. Andrew; W. G. Boggess; R. R. Carriker; J. C. Cato; C. D. Covey (Emeritus); C. G. Davis; R. L. Degner, J. K. Dow; H. E. Drummond; G. F. Fairchild; J. R. Gordon; P. E. Hildebrand; J. Holt; C. F. Kiker; R. L. Kilmer; M. R. Langham; J. Y. Lee; L.W. Libby; B. F. Long; G. D. Lynne; J. W. Milliman; J.W. Milon; W. D. Mulkey; L. C. Polopolus;J. E. Reynolds;J. S. Shonkwiler; J.R. Simpson; C. N. Smith (Emeritus); T. H. Spreen; J. R. Strain; K. R. Tefertiller; R. W. Ward; P. J. van Blokland. Associate Professors: C. M. Adams; R. P. Beilock; W. G. Boggess; M. G. Brown; R. J. Burkhardt; R. L. Clouser; D. A. Comer; R. D. Emerson; C. H. Gladwin; T.G. Taylor; J. J. VanSickle. Assistant Professors: S. A. Ford; C. B. Moss; E. M. Thunberg; D. A. Zimet. The degrees of Master of Agricultural Management and Resource Development (nonthesis), Master of Science (thesis and nonthesis option), and Doctor of Philosophy are offered. Areas of specialization include agricultural business management, marketing, production, economic development, econometrics, and resource and environ- mental economics. The Department participates in the programs of the Centers for Latin American Studies, African Studies, Tropical Agriculture, and Environmental Programs, and the Florida Sea Grant College Program. Students who hold a bachelor's degree with their major fields of study in areas other than food and resource economics should consult with the Graduate Coordinator concerning acceptance for graduate study. In addition to the courses listed, there are seminars for organized discussion of current topics and for review of graduate student's research. AEB 6145-Agricultural Finance (3) Prereq: ECO 4101. Prin- ciples of firm financial management, agricultural finance and financial institutions, capital theory, firm growth, and investment analysis. Emphasis on theory and application of financial prin- ciples. AEB 6182-Intermediate Agricultural Production Economics (3) Review of conceptual framework and research methods for analysis of decision-making by agricultural producers. Expected utility theory, risk programming, stochastic dominance, and dynamic decision models. AEB 6184-Economics of Agricultural Production (3) Prereq: AEB 4511, 6182. Producer decisions including theoretical and empirical problems of multifactor, multiproduct, and poly-pe- riod cases. Input demand and product supply functions at the commodity and industry levels. AEB 6186-Advanced Topics in Agricultural Production Eco- nomics (3) Prereq:AEB6184. Frontiers in theoretical and applied production economics. AEB 6263-Agricultural Policies and Programs (3) Prereq: ECO 4203.Distributional aspects of economic policy. Effects of poli- cies on output, prices, and income. Theories of policy formation. AEB 6277-Applied Welfare Economics and Social Choice (3) Prereq: AEB 6182 and 6363. Theory and application of welfare economics in partial and general equilibrium models; analysis of individual and social choice theories with application to agricul- tural, resources, and environmental issues. AEB 6363-Intermediate Consumption Economics and Agricul- tural Marketing (3) Prereq: ECO 4101. Consumer choice and demand; form, temporal, and spatial dimensions of prices and product distribution. AEB 6373-Consumption and Demand (3) Prereq: AEB 4511, 6363 or ECO 4101. The theory of consumer behavior and its uses in economic analysis. Development of duality concepts, the theory of inverse demand, separability, aggregation, and dy- namic demand. AEB 6383-Industrial Organizations of Agricultural Markets (3) Prereq: ECO 3100 or 4101. Market structure, conduct, and performance. Evaluation of current public policy and institu- tional arrangements. AEB 6384-Marketing Economics in Agriculture (3) Prereq: ECO 4101. Theoretical concepts and mathematical models of eco- nomic efficiency. Evaluate impacts of firm and industry organi- zation, information, grades and standards, storage and vertical coordination on economic efficiency. AEB 6385-Management Strategies for Agribusiness Firms (3) Prereq: ECO 4101. Planning, organizing and implementing management functions of finance, production, and marketing. AEB 6453-Natural Resource Economics (3) Prereq: ECO 4101 and 4203, or consent of instructor. Resource use, management, development, and conservation. Institutional and market per- formance in providing socially desired outcomes. AEB 6483-Environmental and Regional Development Analysis (3) Application of economic methods to problems of environ- mental and regional development; input-output models, cost- benefit analysis, economic valuation, and development plan- ning. AEB 6533-Static and Dynamic Optimization Models in Agricul- ture (4) Prereq: ESI 4567. Classical optimization models with emphasis on mathematical programming and applications. Intro- duction to dynamic optimization models. AEB 6553-Elements of Econometrics (3) Prereq: AEB 3103, 4511; STA 3023. Econometric problem solving and determining quantitative relationships among economic variables in agricul- ture and related industries. AEB 6571-Econometric Methods I (4) Prereq: MAS 3113, STA 3024. Statistical background. Single equation econometric models. Serial correlation, heteroscedasticity, errors in variables, qualitative variables, and specification errors. AEB 6572-Econometric Methods 11 (4) Prereq:AEB 6571. Mul- tiple equation econometric models using least squares and maximum likelihood techniques. AEB 6592-Mathematical Programming for Economic Analysis (3) Prreq:AEB 4511. Simplex method and primal-dual relation- ships in linear programming. Application of modeling tech- niques, such as separable, multi-objective, quadratic, and inte- ger programming, to economic problems. AEB 6612-Foreign Agricultural Development Planning (3) Theory -and practice of agricultural planning for developing countries. Sector modeling and choice criteria for agricultural development planning and decision making. Data sources, generation, and use. Economic analysis of agricultural projects. AEB 6634-Agricultural Development Administration (3) Ad- ministration of public agricultural research and extension sys- tems for developed and developing countries. AEB 6645-Economic Development and Agriculture (3) Prereq: ECO 3202, 3100, orAEB 3103. Relation of human, capital, and natural resources, technology, and institutions to income growth and distribution. Development planning in low-income coun- tries. AEB 6651-Agriculture's Role in Latin America and Africa (3) Socioeconomic development and strategies at the national, regional, and village level. Underdevelopment and cultural ecology.