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Twin Cities Campus

Applied Economics B.S.

Applied Economics
College of Food, Agricultural and Natural Resource Sciences
  • Program Type: Baccalaureate
  • Requirements for this program are current for Fall 2015
  • Required credits to graduate with this degree: 120
  • Required credits within the major: 52
  • Degree: Bachelor of Science
The applied economics major is designed to give students a solid foundation in economics and in how it is applied in the real world to improve people's lives. Core courses provide training in microeconomics, macroeconomics, and econometrics. Additional courses focus on environmental and resource economics, international and development economics, agricultural economics, and the economics of the public sector. Students majoring in applied economics develop strong critical-thinking skills, data analysis proficiency, and the ability to communicate their ideas in writing. Our students have pursued careers in government and in the private sector using their B.S. degrees. Others have pursued professional or graduate training in economics, law, management, or public policy. Students majoring in agricultural and food business management and applied economics cannot minor in either of the the department minors (AFBM or APEC). We highly encourage students to pursue a university-wide minor or if they are in AFBM, one of the department-specific minors offered through CSOM.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
General Requirements
All students in baccalaureate degree programs 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. Required courses for the major, minor or certificate in which a student receives a D grade (with or without plus or minus) do not count toward the major, minor or certificate (including transfer courses).
Program Requirements
Every student's program is capped off with 12 credits of advanced-level coursework APEC 3XXX, 4XXX), called a professional application cluster. All major requirements must be taken A-F (unless only offered S-N), and students must earn a grade of at least C- or better.
Foundations Core
WRIT 3562W - Technical and Professional Writing [WI] (4.0 cr)
COMM 1101 - Introduction to Public Speaking [CIV] (3.0 cr)
or AFEE 2421 - Professional Communication for Agriculture, Food, and the Environment (3.0 cr)
COMM 5441 - Communication in Human Organizations (3.0 cr)
or COMM 3422 - Interviewing and Communication (3.0 cr)
or WRIT 3029W - Business and Professional Writing [WI] (3.0 cr)
or WRIT 3441 - Editing, Critique, and Style (3.0 cr)
or WRIT 3257 - Technical and Professional Presentations (3.0 cr)
or AFEE 3430 - Communicating Food, Agriculture & Environmental Science to the Public (3.0 cr)
Students considering graduate study in applied economics are encouraged to take MATH 1271 and MATH 1272.
MATH 1142 - Short Calculus [MATH] (4.0 cr)
or MATH 1271 - Calculus I [MATH] (4.0 cr)
Professional Courses
APEC 1001 - Orientation to Applied Economics (1.0 cr)
or CFAN 3201 - Career and Internship Preparation (1.0 cr)
APEC 1101 - Principles of Microeconomics [SOCS, GP] (4.0 cr)
APEC 1102 - Principles of Macroeconomics (3.0 cr)
APEC 3001 - Applied Microeconomics: Consumers, Producers, and Markets (4.0 cr)
APEC 3002 - Applied Microeconomics: Managerial Economics (4.0 cr)
or APEC 3003 - Introduction to Applied Econometrics (4.0 cr)
APEC 3006 - Applied Macroeconomics: Government and the Economy (3.0 cr)
SCO 2550 - Business Statistics: Data Sources, Presentation, and Analysis (4.0 cr)
or STAT 3011 - Introduction to Statistical Analysis [MATH] (4.0 cr)
Experiential Learning
CFAN 2201 - Secure & Succeed in Internships (2.0 cr)
or CFAN 3096 - Making the Most of your Internship (1.0 cr)
or ESPM 1202 - People, Land, and Water: Systems Under Stress [HIS] (3.0 cr)
or FSCN 2001 - Healthy Foods, Healthy Lives: A Food System Approach to Cooking (3.0 cr)
Interdisciplinary Learning
APEC 3202 - An Introduction to the Food System: Analysis, Management and Design (3.0 cr)
or APEC 4103 - World Food Problems [GP] (3.0 cr)
or ESPM 1011 - Issues in the Environment [ENV] (3.0 cr)
or FSCN 1102 - Food: Safety, Risks, and Technology [CIV] (3.0 cr)
or ANSC 3203W - Environment, Global Food Production, and the Citizen [GP, WI] (3.0 cr)
Upper-division Writing Intensive within the major
Students are required to take one upper-division Writing Intensive course within the major. If that requirement has not been satisfied within the core major requirements, students must choose one course from the following list. Some of these courses may also fulfill other major requirements.
Take 0 - 1 course(s) from the following:
· ANSC 3203W - Environment, Global Food Production, and the Citizen [GP, WI] (3.0 cr)
· WRIT 3029W - Business and Professional Writing [WI] (3.0 cr)
· WRIT 3562W - Technical and Professional Writing [WI] (4.0 cr)
 
More program views..
View college catalog(s):
· College of Food, Agricultural and Natural Resource Sciences

View future requirement(s):
· Fall 2016

View sample plan(s):
· Applied Economics B.S. Sample Plan

View checkpoint chart:
· Applied Economics B.S.
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WRIT 3562W - Technical and Professional Writing (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01235 - Writ 3562V/Writ 3562W
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Written/oral communication in professional settings, gathering research, analyzing audience, assessing/practicing multiple genres. Draft, test, revise present findings in oral presentation. prereq: [Jr or sr or instr consent], [1301 or 1401 or equiv]
COMM 1101 - Introduction to Public Speaking (CIV)
Credits: 3.0 [max 3.0]
Course Equivalencies: 00670
Typically offered: Every Fall, Spring & Summer
Public communication processes, elements, and ethics. Criticism of and response to public discourse. Practice in individual speaking designed to encourage civic participation.
AFEE 2421 - Professional Communication for Agriculture, Food, and the Environment
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Speaking/writing about scientific/technical issues. Student-centered, relies on interaction/participation. Public communication.
COMM 5441 - Communication in Human Organizations
Credits: 3.0 [max 3.0]
Typically offered: Every Fall, Spring & Summer
Communication in organizational settings. Organizational structure and dynamics and their effect upon the communication process. Individual projects.
COMM 3422 - Interviewing and Communication
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Application of communication concepts in information interview. Planning, conducting, and evaluating informational, journalistic/elite, helping, persuasive, appraisal, and employment interviews. Class training, field experience.
WRIT 3029W - Business and Professional Writing (WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 01353
Typically offered: Every Fall & Spring
Practice writing for various professional purposes/audiences, using appropriate styles, tones, and organizational elements. Potential genres include proposals, reports, web content, email, executive summaries, job search portfolios. Attention to workplace collaboration and broader issues of professional literacy.
WRIT 3441 - Editing, Critique, and Style
Credits: 3.0 [max 3.0]
Course Equivalencies: 01667
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Editing for style, correctness, and content. Grammar/punctuation, Copyediting/proofreading. Working with a writer to develop, organize, write, and polish a document. Editing technical/scientific information. Paper/electronic assignments. prereq: Soph or jr or sr
WRIT 3257 - Technical and Professional Presentations
Credits: 3.0 [max 3.0]
Grading Basis: OPT No Aud
Typically offered: Every Fall & Spring
Oral presentation skills for technical or professional topics. Visual communication, audience analysis, organizing presentation, presenting complex material. Emphasizes use of computers. prereq: COMM 1101 or instr consent
AFEE 3430 - Communicating Food, Agriculture & Environmental Science to the Public
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Planning/strategy for communication campaigns related to food/agriculture. Student-centered, relies on interaction/participation. prereq: Sophomore standing or 30 cr
MATH 1142 - Short Calculus (MATH)
Credits: 4.0 [max 4.0]
Typically offered: Every Fall, Spring & Summer
A streamlined one-semester tour of differential and integral calculus in one variable, and differential calculus in two variables. No trigonometry/does not have the same depth as MATH 1271-1272. Formulas and their interpretation and use in applications. prereq: Satisfactory score on placement test or grade of at least C- in [1031 or 1051]
MATH 1271 - Calculus I (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: 00067 - Math 1271/Math 1281/Math 1371/
Typically offered: Every Fall, Spring & Summer
Differential calculus of functions of a single variable, including polynomial, rational, exponential, and trig functions. Applications, including optimization and related rates problems. Single variable integral calculus, using anti-derivatives and simple substitution. Applications may include area, volume, work problems. prereq: 4 yrs high school math including trig or satisfactory score on placement test or grade of at least C- in [1151 or 1155]
APEC 1001 - Orientation to Applied Economics
Credits: 1.0 [max 1.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Introduction to curriculum offerings, liberal education requirements, employment opportunities, faculty in the Department of Applied Economics. Emphasizes historical development of the discipline, areas of specialization, coursework expectations, career planning.
CFAN 3201 - Career and Internship Preparation
Credits: 1.0 [max 1.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Self exploration, networking, industry research, job/internship search, resumes, cover letters, interviewing, salary negotiation, goal setting. prereq: Soph or jr or sr or grad student
APEC 1101 - Principles of Microeconomics (SOCS, GP)
Credits: 4.0 [max 4.0]
Course Equivalencies: 00019 - Econ 1101/1104/1111/ApEc 1101
Typically offered: Every Fall & Spring
Economic behavior of consumers/firms in domestic/international markets. Demand, supply, competition. Efficiency, Invisible Hand. Monopoly, imperfect competition. Externalities, property rights. Economics of public policy in environment/health/safety. Public goods, tax policy.
APEC 1102 - Principles of Macroeconomics
Credits: 3.0 [max 3.0]
Course Equivalencies: 00323 - ApEc 1102ApEc 1102H/Econ 1102
Typically offered: Every Spring
Unemployment/inflation, measures of national income, macro models, fiscal policy/problems. Taxes and the national debt. Money/banking, monetary policy/problems. Poverty and income distribution. International trade and exchange rates. Economic growth/development. prereq: 1101 or Econ 1101
APEC 3001 - Applied Microeconomics: Consumers, Producers, and Markets
Credits: 4.0 [max 4.0]
Course Equivalencies: Econ 3101/3101H/3105/ApEc 3001
Typically offered: Every Fall & Spring
Consumer/producer decisions. Theory of supply/demand. Markets, pricing, investment, effect regulation, market failures. prereq: [[1101 or ECON 1101 or 1101H or ECON 1101H], [MATH 1142 or MATH 1271]] or instr consent; intended for undergrads in [Ag/Food Bus Mgmt, Appl Econ]
APEC 3002 - Applied Microeconomics: Managerial Economics
Credits: 4.0 [max 4.0]
Typically offered: Every Fall & Spring
Microeconomic theory, its application to managerial problems. Introduction to regression analysis, demand analysis, demand function estimation, forecasting, cost function estimation, resource allocation decisions, linear programming, market structure, pricing policy, risk analysis, investment analysis. prereq - ApEc 3001 or Econ 3101 AND SCO 2550 or Stat 3011
APEC 3003 - Introduction to Applied Econometrics
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Spring
Econometrics is the core empirical methodology used in economics. It allows economists (and others) to learn about the world through data in non-experimental situations. This course teaches student how to use common types of econometric analysis to answer research questions in an experiential learning environment. prereq: APEC 1101 or equiv., STAT 3011 or equiv.
APEC 3006 - Applied Macroeconomics: Government and the Economy
Credits: 3.0 [max 3.0]
Course Equivalencies: 00026 - Econ 3102/ApEc 3006
Typically offered: Every Fall & Spring
Public sector and market economics. Public goods, externalities, and other allocation issues. Government and stabilization of national economy. Overview of new classical/Keynesian models. Principles of taxation. Individual income tax. Sales, business, and property taxes. prereq: [[1102 or Econ 1102], [3001 or Econ 3101]] or instr consent
SCO 2550 - Business Statistics: Data Sources, Presentation, and Analysis
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Data analysis, basic inferential procedures, statistical sampling/design, regression/time series analysis. How statistical thinking contributes to improved decision making. prereq: [Math 1031 or equiv], at least 30 cr
STAT 3011 - Introduction to Statistical Analysis (MATH)
Credits: 4.0 [max 4.0]
Course Equivalencies: (Select a set)
Typically offered: Every Fall, Spring & Summer
Standard statistical reasoning. Simple statistical methods. Social/physical sciences. Mathematical reasoning behind facts in daily news. Basic computing environment.
CFAN 2201 - Secure & Succeed in Internships
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
This is an intensive internship course, which includes planning, preparing, applying and completing an internship. Students will receive coaching to help them seek an internship through resume & cover letter writing, job searching, networking, and interviewing. At the end of the spring, students are required to have an internship lined up and complete online reflections about the experience over the summer to finish the course. Not recommended for students who have previously taken CFAN 3201 as course content may be repetitive. Email if you have questions.
CFAN 3096 - Making the Most of your Internship
Credits: 1.0 [max 1.0]
Grading Basis: A-F only
Typically offered: Every Spring
Enhance quality internship experience. Insight about self, world of work, individual learning styles. Communicate skills/learning. prereq: Secured internship, instr consent
ESPM 1202 - People, Land, and Water: Systems Under Stress (HIS)
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Spring
Policies/community engagement around water sustainability. Students engage directly with local case on Mississippi River.
FSCN 2001 - Healthy Foods, Healthy Lives: A Food System Approach to Cooking
Credits: 3.0 [max 3.0]
Typically offered: Every Spring
Skills/resources for food choices based on nutritional, environmental, local/global societal implications. Ethical/civic themes that guide food choices. Discussion/writing on how environmental, cultural, social, health issues impact personal food choices. prereq: [soph, jr, sr] or instr consent
APEC 3202 - An Introduction to the Food System: Analysis, Management and Design
Credits: 3.0 [max 3.0]
Typically offered: Every Fall
Introduction to use of systems thinking for exploration of problems in contemporary food system from multidisciplinary perspective. System concepts. Historical evolution of food system. Analysis, management, design.
APEC 4103 - World Food Problems (GP)
Credits: 3.0 [max 3.0]
Course Equivalencies: Agro/ApEc/FScN/4103
Typically offered: Every Fall
Multidisciplinary look at problems and possible solutions affecting food production, storage, and utilization in developing countries. Presentations and discussions introduce conflicting views on population, technology, and ethical and cultural values of people in various parts of the world.
ESPM 1011 - Issues in the Environment (ENV)
Credits: 3.0 [max 3.0]
Typically offered: Every Fall & Spring
Interdisciplinary survey of environmental issues. Interrelationships between environment and human society. Roles of science, technology, and policy in meeting environmental challenges. Lecture, discussion. Students evaluate social, ethical, political, and economic factors.
FSCN 1102 - Food: Safety, Risks, and Technology (CIV)
Credits: 3.0 [max 3.0]
Grading Basis: OPT No Aud
Typically offered: Every Fall & Spring
Introduction to inherent risks/safety of food supply. Use of public policy and food technology to reduce risks. Microbiological, chemical, and environmental hazards, government/industry controls.
ANSC 3203W - Environment, Global Food Production, and the Citizen (GP, WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: Agro/AnSc 3203/AgUM 2224
Typically offered: Every Spring
Ecological/ethical concerns of food production systems in global agriculture: past, present, and future. Underlying ethical positions about how agroecosystems should be configured. Interactive learning using decision cases, discussions, videos, other media.
ANSC 3203W - Environment, Global Food Production, and the Citizen (GP, WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: Agro/AnSc 3203/AgUM 2224
Typically offered: Every Spring
Ecological/ethical concerns of food production systems in global agriculture: past, present, and future. Underlying ethical positions about how agroecosystems should be configured. Interactive learning using decision cases, discussions, videos, other media.
WRIT 3029W - Business and Professional Writing (WI)
Credits: 3.0 [max 3.0]
Course Equivalencies: 01353
Typically offered: Every Fall & Spring
Practice writing for various professional purposes/audiences, using appropriate styles, tones, and organizational elements. Potential genres include proposals, reports, web content, email, executive summaries, job search portfolios. Attention to workplace collaboration and broader issues of professional literacy.
WRIT 3562W - Technical and Professional Writing (WI)
Credits: 4.0 [max 4.0]
Course Equivalencies: 01235 - Writ 3562V/Writ 3562W
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Written/oral communication in professional settings, gathering research, analyzing audience, assessing/practicing multiple genres. Draft, test, revise present findings in oral presentation. prereq: [Jr or sr or instr consent], [1301 or 1401 or equiv]