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Twin Cities Campus
Agricultural and Food Business Management B.S.
Applied Economics
College of Agricultural, Food and Environmental Sciences
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Requirements for this program are current for Fall 2005.
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Required credits to graduate with this degree: 120.
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Required credits within the major: 64.
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Degree: Bachelor of Science.
The agricultural and food business management major is offered jointly by COAFES and the Carlson School of Management. The curriculum emphasizes concepts and methods from economics and business management and their use in identifying, analyzing, and solving management problems related to food, agriculture, natural resources, and economic development. The program provides a balance between applied economics and business management studies, with a limited amount of applied science. Students may elect a variety of courses in their junior and senior years to accommodate special interests and career goals.
Graduates of the curriculum are prepared for a wide range of employment opportunities in the food system and other agribusinesses. Examples of employment areas include finance and banking, management, input, commodity and food marketing, sales, administration, public and industrial relations, production management, economic and statistical analysis, managerial accounting, management information systems, and transportation.
Students completing the program may also pursue graduate studies in preparation for research, teaching, or continuing education positions in academic institutions, government agencies, or industry.
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Admission Requirements
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Students must complete 60 credits before admission to the program.
A GPA above 2.00 is preferred for the following:
2.8 for students already admitted to the degree-granting college.
2.8 for students transferring from another University of Minnesota college.
2.8 for students transferring from outside the University.
Students are admitted to the major after satisfactory completion of a pre-agricultural and food business management program. Admission standards are developed in conjunction with the Carlson School of Management. Application deadlines are April 15 for fall semester and October 15 for spring semester.
For information about University of Minnesota admission requirements, visit the
Office of Admissions Web site.
Management
Complete the following management "tool" courses on an A-F grading basis before entering the program.
Students contemplating graduate work in applied economics are encouraged to take both MATH 1271 and MATH 1272.
APEC 1101 and APEC 1102 are recommended courses.
ACCT 2050 - Introduction to Financial Reporting (4.0 cr)
APEC 1101 - Principles of Microeconomics, SSCI (3.0 cr)
or ECON 1101 - Principles of Microeconomics, IP, SSCI (4.0 cr)
APEC 1102 - Principles of Macroeconomics, IP, SSCI (3.0 cr)
or ECON 1102 - Principles of Macroeconomics, IP, SSCI (4.0 cr)
OMS 2550 - Business Statistics: Data Sources, Presentation, and Analysis (4.0 cr)
or STAT 3011 - Introduction to Statistical Analysis, MATH (4.0 cr)
MATH 1142 - Short Calculus, MATH (4.0 cr)
or MATH 1271 - Calculus I, MATH (4.0 cr)
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General Requirements
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All students are required to complete general University and college
requirements including writing and liberal education courses.
For more information about University-wide requirements, see the
liberal education requirements.
Recommended freshman writing course(s) for this program: RHET 1101
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Program Requirements
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All required courses must be taken A-F and a grade of at least C- is required in all professional courses and area of emphasis courses. Students may not major in both agricultural and food business management and applied economics. Communication
WRIT 3152W - Writing on Issues of Science and Technology, C/PE, WI (4.0 cr)
or WRIT 3562W - Technical and Professional Writing, WI (4.0 cr)
COMM 1101 - Introduction to Public Speaking (3.0 cr)
or WRIT 1223 {Inactive}
MGMT 3033W - Business Communication, WI (3.0 cr)
or COMM 3441 - Introduction to Organizational Communication (3.0 cr)
or WRIT 3257 - Scientific and Technical Presentations (3.0 cr)
Professional Courses
APEC 1001 - Orientation to Applied Economics (1.0 cr)
APEC 3001 - Applied Microeconomics: Consumers, Producers, and Markets, SSCI (4.0 cr)
APEC 3002 - Applied Microeconomics: Managerial Economics (4.0 cr)
APEC 3006 - Applied Macroeconomics: Government and the Economy (3.0 cr)
APEC 3007 - Applied Macroeconomics: Policy, Trade, and Development, IP (3.0 cr)
APEC 3501 - Agribusiness Finance (3.0 cr)
APEC 4821W - Business Economics and Strategy, WI (3.0 cr)
ACCT 3001 - Introduction to Management Accounting (3.0 cr)
MGMT 3001 - Fundamentals of Management (3.0 cr)
MKTG 3001 - Principles of Marketing (3.0 cr)
Ethics and Responsible Management
Student must take one course (3 credits) that fosters one or more of the following objectives: responsible judgment about the management of natural resources and the environment; responsible judgment regarding ethical and policy issues related to agriculture; application of global perspectives to agricultural, food, and environmental issues and decisions; application of a historical perspective to the role of science and technology.
CFAN 1501 - Biotechnology, People, and the Environment, ENVT (3.0 cr)
or AGRO 1103 - Crops, Environment, and Society, ENVT (4.0 cr)
or AGRO 3203W - Environment, Global Food Production, and the Citizen, C/PE, ENVT, WI (3.0 cr)
or ANSC 1011 - Animals and Society, C/PE, ENVT (3.0 cr)
or BBE 5212 - Safety and Environmental Health Issues in Plant and Animal Production and Processing, C/PE, ENVT, H (3.0 cr)
or BIOL 4501 - Social Uses of Biology, C/PE (3.0 cr)
or EE 1701W - Energy, Environment, and Society, C/PE, ENVT, WI (3.0 cr)
or EEB 3001 - Ecology and Society, ENVT (3.0 cr)
or ESPM 3011W - Ethics in Natural Resources, C/PE, ENVT, WI (3.0 cr)
or ESPM 4061W - Water Quality and Natural Resources, ENVT, WI (3.0 cr)
or ESPM 1011 - Issues in the Environment, C/PE, ENVT (3.0 cr)
or ESPM 1051 {Inactive}
or FSCN 1102 - Food: Safety, Risks, and Technology, C/PE (3.0 cr)
or GEO 3005 - Earth Resources, C/PE, IP (3.0 cr)
or GEOG 3401 - Geography of Environmental Systems and Global Change, WI (4.0 cr)
or HSCI 3211 - Biology and Culture in the 19th and 20th Centuries, HP (3.0 cr)
or HSCI 3331 - Technology and American Culture, HP (3.0 cr)
or PBIO 1212 - Plants and Society, ENVT (3.0 cr)
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Program Sub-plans
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Students are required to complete one of the following sub-plans. (Note for the Twin Cities and
Morris campuses: The honors sub-plan does not meet this requirement. Honors students are required to
complete one sub-plan plus the honors sub-plan. Please see an adviser if no honors sub-plan is listed
for the program.)
Financial Management
Students must take a minimum of two courses (6-8 credits) in APEC or ECON and a minimum of two courses (6-8 credits) from CSOM or DHA 3242, 3245 only. Financial Management
Take 12 or more credit(s) from the following:
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Take 2 or more course(s) from the following:
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APEC 4096 - Professional Experience Program: Internship (1.0-3.0 cr)
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APEC 4481 - Futures and Options Markets (3.0 cr)
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APEC 4501 - Financial Modeling (3.0 cr)
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APEC 5341 - Public Finance (3.0 cr)
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APEC 5751 - Global Trade and Policy, IP (3.0 cr)
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ECON 3701 - Money and Banking (3.0 cr)
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ECON 4432W - International Finance, IP, WI (3.0 cr)
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ECON 4721H - Honors Course: Money and Banking, H (4.0 cr)
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ECON 4751 - Financial Economics (3.0 cr)
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Take 2 or more course(s) from the following:
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ACCT 5101 - Intermediate Accounting I (4.0 cr)
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ACCT 5125 - Auditing Principles and Procedures (4.0 cr)
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ACCT 5160 - Financial Statement Analysis (2.0 cr)
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BLAW 3058 - The Law of Contracts and Agency (4.0 cr)
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DHA 3242 - Retail Buying (3.0 cr)
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DHA 2215 - Multichannel Retailing (3.0 cr)
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FINA 4121 - Financial Markets and Interest Rates (2.0 cr)
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FINA 4122 - Banking Institutions (2.0 cr)
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FINA 4241 {Inactive}
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FINA 4242 {Inactive}
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FINA 4321 - Portfolio Management and Performance Evaluation (2.0 cr)
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FINA 4322 {Inactive}
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FINA 4641 {Inactive}
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INS 4100 - Corporate Risk Management (2.0 cr)
Marketing, Sales, & Food Industry Management
Students must take a minimum of two courses (6-8 cr) in APEC or ECON and a minimum of two courses (6-8 cr) from CSOM or DHA 3242, 3245 only. Marketing, Sales and Food Industry Management
Take 12 or more credit(s) from the following:
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Take 2 or more course(s) from the following:
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APEC 3411 - Commodity Marketing (3.0 cr)
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APEC 3451 - Food and Agricultural Sales (3.0 cr)
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APEC 3821 - Retail Center Management (3.0 cr)
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APEC 4096 - Professional Experience Program: Internship (1.0-3.0 cr)
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APEC 4103 - World Food Problems, C/PE, IP (3.0 cr)
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APEC 4451W - Food Marketing Economics, C/PE, WI (3.0 cr)
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APEC 4481 - Futures and Options Markets (3.0 cr)
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APEC 5711 - U.S. Agricultural and Environmental Policy (3.0 cr)
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APEC 5751 - Global Trade and Policy, IP (3.0 cr)
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Take 2 or more course(s) from the following:
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DHA 3242 - Retail Buying (3.0 cr)
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DHA 2215 - Multichannel Retailing (3.0 cr)
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MKTG 3010 - Marketing Research (4.0 cr)
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MKTG 4020 {Inactive}
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MKTG 4030 - Sales Management (4.0 cr)
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MKTG 3040 - Buyer Behavior (4.0 cr)
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MKTG 4050 - Integrated Marketing Communications (4.0 cr)
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MKTG 4060 - Marketing Channels (4.0 cr)
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MKTG 4070 {Inactive}
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MKTG 4080 - Marketing Strategy (4.0 cr)
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OMS 3056 - Supply Chain Planning and Control (4.0 cr)
Individualized
Students preparing for career opportunities that emphasize skills such as accounting, communications, law, or information systems may use this alternative to design an area of emphasis. A program of study under the emphasis must be approved by the adviser and the major coordinator. At least 6 of the 12 credits must be completed after receiving approval. Individualized Area
Select 12 credits from individual electives
12 credits from individual electives
Business Management
Students must take a minimum of two courses (6-8 credits) in APEC or ECON and a minimum of two courses (6-8 credits) from CSOM or DHA 3242 or 3245 only. Business Management
Take 12 or more credit(s) from the following:
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Take 2 or more course(s) from the following:
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APEC 3451 - Food and Agricultural Sales (3.0 cr)
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APEC 4096 - Professional Experience Program: Internship (1.0-3.0 cr)
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APEC 4481 - Futures and Options Markets (3.0 cr)
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APEC 5711 - U.S. Agricultural and Environmental Policy (3.0 cr)
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APEC 5811 - Cooperative Organization (3.0 cr)
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Take 2 or more course(s) from the following:
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ACCT 3201 - Intermediate Management Accounting (2.0 cr)
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ACCT 5100 - Corporate Financial Reporting (4.0 cr)
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BLAW 3058 - The Law of Contracts and Agency (4.0 cr)
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DHA 2215 - Multichannel Retailing (3.0 cr)
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DHA 3242 - Retail Buying (3.0 cr)
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FINA 4241 {Inactive}
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FINA 4242 {Inactive}
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HRIR 3021 - Human Resource Management and Industrial Relations (3.0 cr)
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HRIR 3032 - Training and Development (2.0 cr)
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HRIR 3042 - The Individual and Organizational Performance (2.0 cr)
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MGMT 3010 - Introduction to Entrepreneurship (4.0 cr)
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MGMT 4002 - Managerial Psychology (4.0 cr)
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MGMT 4008 - Entrepreneurial Management (4.0 cr)
Honors
This is an honors sub-plan.
The elements students must fulfill to complete the College of Agricultural, Food and Environmental Sciences Honors Program are listed below. For most students it comprises two semesters of the Honors Colloquia, an Honors Option, and the Honors Experience. The Honors Option provides an opportunity to explore honors classes from other programs, and is very flexible and can be adapted to many situations and contexts. Registration in honors courses requires admission to the Honors Program and college office approval. Honors Courses
Students must take at least two semesters of AGRI 1000.
CFAN 1000H {Inactive}
CFAN 3100H - Honors Experience, H (2.0-3.0 cr)
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