University of Wisconsin–Madison

Courses

AAE 215: Introduction to Agricultural and Applied Economics. offered fall, spring; 3 credits (S-E) Introduction to economic ways of thinking about a wide range of problems and issues. Topics include consumption, production, prices, markets, finance, trade, pollution, growth, farms, taxes, and development. Pre-Reqs: Satisfied Quantitative Reasoning (QR) A requirement
AAE 244: The Environment and the Global Economy. offered spring; 3 credits (E) The "economic way of thinking" about global and regional environmental issues. Topics include climate change, biodiversity preservation, ocean fisheries, environmental impacts of international trade, poverty and the environment, and sustainability. Pre-Reqs: Open to Fr.
AAE 246: Climate Change Economics and Policy. offered fall; 3 credits (S-E) Climate change and the role of applied economics in related policy analysis and research. Economics of mitigation, adaptation and geo-engineering; integrated assessment; environmental implications of energy use; climate change impacts on land use. Use of economic analysis and modeling for public policy design. Pre-Reqs: Open to Fr.
AAE 289: Honors Independent Study. offered fall, spring; 1-2 credits Pre-Reqs: Enrolled in the CALS Honors Prgm & So or Jr st. Inter-Ag 288.
AAE 299: Independent Study. offered fall, spring; 1-3 credits Pre-Reqs: Fr, So or Jr st & written cons inst. Open to Fr.

AAE 306: The Real Estate Process. (Crosslisted with Real Est, Econ, UrbRPl) offered fall, spring; 3 credits (S-I) Introductory survey course. Decision-making processes for the manufacture, marketing, management and financing of real estate space. Survey of institutional context, economics of urbanization, historical pattern and structure of city growth, and public policy issues regarding urban environment and business management. Pre-Reqs: So, Jr, or Sr st. Econ 101.
AAE 319: The International Agricultural Economy. offered fall; 3 credits (S-I ) The nature of trade in agricultural products, trade policies and practices of importing and exporting nations, agricultural policies of major trading blocks, market instability and other primary commodity problems, recent history and current developments in multilateral trade policy. Pre-Reqs: AAE 215, ECON 101, or 111
AAE 320: Farming Systems Management. offered fall; 3 credits (S-I) Methods of economic analysis and planning as applied to conventional and alternative farming systems. Pre-Reqs: AAE 215, ECON 101, or 111
AAE 322: Commodity Markets. offered spring; 3 credits (S-I) Principles and practices in marketing systems for U.S. agricultural commodities. Vertical organization; forward contracts, future markets, agricultural options and price formation. Alternate management at the farm, processor, wholesale and retail levels. Pre-Reqs: AAE 215, ECON 101, or 111
AAE 323: Cooperatives. offered fall; 3 credits (S-I) Cooperatives: Analysis of basic principles, structure and organization, legal bases, finance, history and role in U.S. economy. Different types and uses as tools in the U.S. and developing countries. Pre-Reqs: Junior or senior standing only
AAE 340: Issues in Food Systems. (Crosslisted with Rural Sociology 340) offered fall, spring; 3-4 credits (S-I) With primary emphasis on the U.S., the course covers social, economic and biological dimensions of food systems. Using classroom and community experience, the course combines academic approaches with practitioner knowledge. A community project is required. Pre-Reqs: SOC 140, C&E SOC/SOC 181, 210, or 211
AAE 343: Environmental Economics. (Crosslisted with Envir St, Econ) offered fall; 3-4 credits (S-I) Microeconomic principles underlying the use of natural resources such as air, water, forests, fisheries, minerals and energy. These principles are applied in the examination of pollution control, preservation vs. development, deforestation, and other environmental issues. Pre-Reqs: AAE 215, ECON 101, or ECON 111
AAE 350: World Hunger and Malnutrition. (Crosslisted with Nutr Sci, Agronomy, Inter-AG) offered spring; 3 credits (B-I) Hunger and poverty in developing countries and the United States. Topics include: the concept of food as a right, the biology of malnutrition, the nutrition transition and its impact on health and healthcare, how malnutrition is defined and measured, global hunger trends and differences across regions, seasons, and groups, the dynamics of population, food production and other factors affecting hunger and malnutrition, specific challenges facing selected countries, hunger alleviation programs, including international aid, case studies of how families cope with hunger and poverty Pre-Reqs: None
AAE 373: Globalization, Development and Poverty. (Crosslisted with Intl St.) offered spring; 3 credits Addresses the process of globalization -- trade, international capital flows, labor migration and remittances, and aid – from the perspective of developing economies and the development process. Pre-Reqs: AAE 215, ECON 101, 102, or 111
AAE 374: The Growth and Development of Nations in the Global Economy. (Crosslisted with Intl St) offered fall; 3 credits (I) This course explores the roles of markets, states, and civil institutions, using economic theory, computer simulations, and historical experience to better understand the forces that shape the wealth and well-being of nations and people around the world. Pre-Reqs: AAE 215, or Econ 101, or Econ 102, or equiv.
AAE 375: Spreadsheet Fundamentals and Applications. offered fall, summer; 2 credits
AAE 375: Energy, Resources & Economics. offered spring; 3 credits Pre-Reqs: AAE 215, Econ 101 or Econ 111
AAE 399: Coordinative Internship/Cooperative Education. offered fall, spring, summer; 1-8 credits Pre-Reqs: Cons suprvsg inst, advisor, & intrshp progm coordinator

AAE 419: Agricultural Finance. offered fall; 3 credits Introduction to basic finance concepts. Topics include financial statements, ratio analysis and interpretation, investment analysis, capital budgeting, credit concepts, and capital markets. Pre-Reqs: AAE 215, ECON 101, or 111
AAE 421: Economic Decision Analysis. (Crosslisted with Econ 421.) offered fall; 4 credits (S-I ) Managerial oriented, applied presentation of microeconomic theory. Quantitative emphasis with extensive homework use of spreadsheets and written executive summaries of applied economic analyses. Applications on natural resources and agricultural markets. Pre-Reqs: STAT 301, 371, ECON 310, C&E SOC/SOC 360, PSYCH 210, or (GEN BUS 306 and 307)
AAE 462: Latin American Economic Development. (Crosslisted with Econ, Intl Bus) offered spring; 3 credits (S-A) A historico-institutional analysis of development problems in the principal Latin American countries, with attention to differentiation of national growth patterns and alternative development strategies. Pre-Reqs: AAE 215, ECON 101, or 111
AAE 473: Economic Growth and Development in Southeast Asia. (Crosslisted with Econ 473) offered alternating fall semesters; 3 credits (I) Evaluates economic development strategies in Southeast Asia and their inplications for growth, distribution and environment. Students learn trade and development theory as well as specific knowledge of Southeast Asian economic development. Pre-Reqs: AAE 215, ECON 101, or 111, or graduate/professional standing
AAE 474: Economic Problems of Developing Areas. (Crosslisted with Econ) offered spring; 3 credits (S-I) Analyzes aggregate growth, income distribution and poverty in lower income economies. Uses microeconomics of imperfect labor, capital and insurance markets to explore why some individuals advance economically as their economies grow and others fall behind. Considers implications of aggregate and micro analysis for national and international economic policy. Pre-Reqs: AAE 215, ECON 101, or 111
AAE 477: Agricultural and Economic Development in Africa. (Crosslisted with Econ 477) offered fall; 3 credits (S-I) Composition, organization, and techniques of agricultural production; economic change and development of agriculture, economic policies, special problems of developing African agriculture. Pre-Reqs: AAE 215, ECON 101, or 111, or graduate/professional standing

AAE 500: Senior Capstone Experience. offered spring; 3 credits Teaches students how to apply economic theory to economic problems, utilize quantitative techniques in economic analyses, and communicate findings and results of economic analyses. Pre-Reqs: Senior standing and (declared in Agricultural & Applied Economics, B.S. or Agricultural Business Management, B.S.)
AAE 520: Community Economic Analysis. (Crosslisted with URPL and Real Estate) offered spring; 3 credits (A) Economic theory (location and growth) applicable to community economic development; the role of private and public sector in local economic development, and techniques for economic analysis of community. Pre-Reqs: ECON 301 or 311 or graduate/professional standing
AAE 526: Quantitative Methods in Agricultural and Applied Economics. (Crosslisted with Econ 526) offered fall; 4 credits (S-I) Use of quantitative methods (mathematics, statistics, and optimization) to analyze problems faced by decision makers in natural resources and agriculture. Extensive homework requiring use of quantitative methods via spreadsheet tools to solve problems from an applied decision context. Pre-Reqs: (MATH 211 or 221), ECON 301, and STAT 301, or graduate/professional standing
AAE 531: Natural Resource Economics. (Crosslisted with Econ and Forest Ecol) offered spring; 3 credits (S-I) Economic concepts and tools relating to management and use of natural resources, including pricing principles, cost-benefit analysis, equity, externalities, economic rent, renewable and nonrenewable resources, and resource policy issues Pre-Reqs: ECON 301 or 311 or graduate/professional standing
AAE 540: Intellectual Property Rights, Innovation and Technology. (Crosslisted with Management and Human Resources)) offered alternating fall semesters, alternating spring semesters; 3 credits Uses economic concepts to illustrate the nature of technological innovation, competition, and economic growth. Topics: Economics of the intellectual property protection (IPP); market structure and innovation; interaction between public and private sectors; IPP and anticompetitive policies; globalization Pre-Reqs: Graduate/professional standing and (ECON 301 or 311)
AAE 561: Energy Markets. (Env St, Civ KEngr, URPL) offered fall; 3 credits (S-A) Energy resources are an essential element of the world's business, political, technical and environmental landscape. Analytic tools provided by the discipline of economics expands our understanding of this critical issue. Energy supply markets reviewed include both fossil fuels and renewable resources. Energy demand sectors include residential, commercial, industrial and transportation. Electricity represents an intermediate energy market. The interactions among these markets participants indicate how scarce resources are allocated among competing needs in the world economy. Pre-Reqs: A A E 215, ECON 101, or 111, or graduate/professional standing

AAE 635: Applied Microeconomic Theory. offered fall; 3 credits Microeconomic theory applied to consumers, producers, markets, and welfare analysis. Emphasis is on the mathematics of duality and optimization methods. Computer applications of the theory. Pre-Reqs: MATH 222 and (ECON 301 or 311), or graduate/professional standing
AAE 636: Applied Econometric Analysis I. offered fall; 3 credits Introduction to the standard linear regression model with an emphasis on application issues. Includes statistical foundations, hypothesis testing, functional form, model selection and procedures for handling violations of model assumptions. Pre-Reqs: Graduate/professional standing
AAE 637: Applied Econometric Analysis II. offered spring; 3 credits Extension of the standard regression model is the primary focus. Topics: Non-linear regression models, maximum likelihood estimation, panel data, simultaneous equations, linear and nonlinear systems, analysis of discrete choice, limited dependent variables. Empirical economic applications and policy analysis Pre-Reqs: AAE 636
AAE 641: Foundations of Agricultural Economics. offered spring; 3 credits Overview of the economic performance of agriculture in feeding the growing world population. Examines contemporary economic issues in the food sector, along with research methods used in their analysis. Covers production analysis, risk and uncertainty, food demand, market structure, policy and welfare analysis. Pre-Reqs: AAE 635 and 636
AAE 642: Foundations of Development Economics. offered spring; 3 credits An overview of development economics, covering both basic theory and empirical applications. Topics include economic growth, trade, measurement of poverty and inequality, human capital, agricultural household models, technology adoption, migration, credit, savings, insurance, infrastructure, and the environment Pre-Reqs: AAE 635 and 636
AAE 643: Foundations of Environmental and Natural Resource Economics. offered spring; 3 credits Survey of historical topics and contemporary research questions in environmental and resource economics. Focus areas include foundational models of human/environment interaction, definition and evaluation of the suite of environmental policy instruments, measuring environmental costs and benefits, and examining natural resource use. Pre-Reqs: AAE 635 and 636
AAE 652: Decision Methods for Natural Resource Managers. (Crosslisted with F&W Ecol, Envir St) offered spring; 3-4 credits (B-I) Applications of quantitative methods, including optimization and simulation, to the management of natural resources, especially forests. Pre-Reqs: A A E 215 or ECON 101 or graduate standing
AAE 671: Energy Economics. (Crosslisted with Envir St, Econ, UrbRPl, TranPU) offered spring; 3 credits (S-A) The method, application, and limitations of traditional economic approaches to the study of energy problems. Topics include microeconomic foundations of energy demand and supply; optimal pricing and allocation of energy resources; energy market structure, conduct, and performance; macro linkages of energy and the economy; and the economics of regulatory and other public policy approaches to the social control of energy. Pre-Reqs: (Senior standing and AAE 215 or ECON 101) or graduate standing
AAE 681: Senior Honors Thesis. offered fall, spring; 2-4 credits Enrolled in CALS Honors Program. Pre-Reqs: Consent of instructor
AAE 682: Senior Honors Thesis. offered fall, spring; 2-4 credits Individual study for majors completing theses for AAE honors degrees as arranged with a faculty member. Requires consent of supervising instructor. Continuation of 681. Enrolled in CALS Honors Program. Pre-Reqs: Consent of instructor
AAE 691: Senior Thesis. offered fall, spring; 2 credits Individual study for majors completing theses for AAE degrees as arranged with a faculty member. Requires consent of supervising instructor. Pre-Reqs: Consent of instructor
AAE 692: Senior Thesis. offered fall, spring; 2 credits Individual study for majors completing theses for AAE degrees as arranged with a faculty member. Requires consent of supervising instructor. Continuation of AAE 691. Pre-Reqs: Consent of instructor
AAE 699: Special Problems. offered fall, spring; 1-4 credits (A) Independent research guided by an AAE faculty or instructional academic staff member. Students are responsible for arranging the work and credits with the supervising instructor. Pre-Reqs: Senior Standing and Consent of instructor

AAE 705: Applied Microeconomics. offered spring; 3 credits Focuses on developing a conceptual as well as empirical analysis of microeconomic behavior, including production and consumption analysis, technical change, and investment. Emphasizes empirical applications of microeconomics, with implications for efficiency and welfare analysis. Pre-Reqs: AAE 635 and MATH/STAT 309
AAE 706: Applied Risk Analysis. offered alternating spring semesters; 3 credits Conceptual empirical analysis of economic behavior under risk and its implications for management and policy decisions. Emphasis on economic applications to the agricultural and food sector. Pre-Reqs: AAE635.
AAE 720: Seminar in Quantitative and Applied Economics. offered spring; 1 credits Current issues in private sector applied economics, with weekly presentations by academic researchers and industry professionals, and an emphasis on identifying the correct conceptual approach and methods to address an issue. Pre-Reqs: Graduate/professional standing
AAE 721: Professional Communication of Applied Economic Analysis. offered fall; 1 credits Focuses on professional communication in a variety of contexts. Examples include but are not limited to: presenting results for technical and non-technical audiences, writing about research findings, synthesizing knowledge from multiple sources, and summarizing and critiquing different analysis strategies. Students will develop their writing and speaking skills by completing stand-alone tasks, and by coordinating communication tasks with exercises in simultaneously offered theory and econometric classes. Pre-Reqs: Concurrent enrollment in A A E 636 and 771
AAE 722: Machine Learning in Applied Economic Analysis. offered summer; 4 credits The basic methods, implementation and applications of machine learning for understanding contemporary economic issues using large data sets. Building upon understanding of standard econometric models, the topics include data mining techniques; regression model selection and regularization; post selection inference and economic applications; tree-based methods; neural networks; random forests and casual inference; and unsupervised learning. Pre-Reqs: A A E 636 or ECON 704
AAE 723: Professional Development Seminar. offered fall; 1 credits Professional development for applied economists in sequential contexts. Examples include understanding and preparing for the professional economist job market; preparing and packaging job search materials; technical and non-technical interactions with potential employers and clients; understanding leadership styles and exploring leadership potential; examining professional ethics and norms; and gaining exposure to trends in professional development. Students will develop career skills by completing stand-alone activities, and by coordinating soft skill development tasks with exercises in simultaneously or previously offered theory and econometric classes Pre-Reqs: AAE 721
AAE 724: Practicum for Applied Economists. offered fall; 4 credits One part of a series of courses to train students in the quantitative methods typically used by economic analysts in a professional setting. Provides students with the opportunity to synthesize the material they’ve learned in their coursework in a start-to-finish econometric analysis similar in scope and timeline to what they often would be expected to do in a professional setting. The final course product is a professional report. Students should think of this report as a professional analyst’s Master’s thesis—a demonstration of the student’s training and capability for professional work, to be shared with prospective employers. Pre-Reqs: AAE 637
AAE 730: Frontiers in Development Economics 1. offered spring; 3 credits Theory and empirical evidence on growth and development in low-income countries. Topics may include: measurement of poverty and inequality, risk and insurance, social networks, technology adoption, education, corruption, institutions, and behavioral economics. Pre-Reqs: Econ 709 and 711
AAE 731: Economics of Development 2. (Meets with Econ 877) offered fall; 3 credits Theory and evidence on growth and development in emergin economies, with primary focus on globalization, trade, labor markets and human capital. We use open-economy general equilibrium models to examine welfare implications of global shocks and domestic economic policies. Pre-Reqs: Econ 709 and 711
AAE 737: Applied Econometric Analysis III. offered fall; 3 credits Prepares students for their own empirical work by examining contemporary econometric techniques as they are used in development, environment and natural resources, and agricultural economics. Guides students through a selection of applied models using past and current research as examples. By hearing lectures and working through papers, problem sets, replication exercises, and/or research projects, students will develop a deeper understanding of the many facets of empirical research in economics. Pre-Reqs: Econ 709 and 710
AAE 741: Advanced Policy Analysis. offered alternating fall semesters; 3 credits Economic efficiency and welfare at the micro and macro levels. Role of contracts and effects of policy instruments related to pricing and trade policy, under uncertainty. Role of technology and effects of globalization in developed and developing countries. Pre-Reqs: Econ 711
AAE 746: Frontiers in Agricultural Economics 1. offered spring; 3 credits Economics of agricultural technology innovation and adoption, properties and measurement of production and productivity, and impact evaluation. Empirical methods, including surveys, experiments, randomized trials, and instrumental variable methods of testing applied microeconomic models. Pre-Reqs: Econ 709 and 711
AAE 747: Frontiers in Agricultural and Applied Economics 2. (Crosslisted with Econ 747.) offered fall; 3 credits Organization, design, and performance of food and agricultural markets. Industrial organization; firm boundaries, contracting, and collective action; spatial, temporal, and quality dimensions of market design. Pre-Reqs: Econ 709 and 711, or equivalent
AAE 760: Frontiers in Environmental and Natural Resource Economics 1. offered spring; 3 credits Economic tools and principles pertaining to the optimal management of natural resources. Theoretical models characterize efficient resource use and predict management decisions under different institutional settings. Empirical applications relate to public and private management of forests, fish, wildlife, minerals, and energy resources. Examples highlight the importance of discount rates, property rights, and government policies. Pre-Reqs: Econ 709 and 711
AAE 762: Frontiers in Environmental and Natural Resource Economics 2. offered fall; 3 credits The role of markets and government in the allocation of environmental goods and services. Topics include public goods, externalities and market failure; policy instruments for dealing with environmental quality problems such as air pollution; and distributional impacts of environmental regulations. Pre-Reqs: Econ 709 and 711
AAE 770: Introduction to Quantitative Methods in Resource and Energy Economics. offered summer; 3 credits The fundamental mathematics and statistics necessary for the study of quantitative methods in resource and energy demand. Topics include the mathematics of optimization and its role in basic welfare theory and consumer demand; linear and matrix algebra and their application in both modeling consumer behavior and the statistical analysis of models; and the fundamentals of statistical analysis relevant to econometric analysis of resource and energy demand, including probability theory, sampling distributions, and statistical inference. Pre-Reqs: Declared in Agricultural & Applied Economics, M.S. named option in Resource and Energy Demand Analysis
AAE 771: Theory to Practice: Fundamentals of Resource and Energy Demand Analysis. offered fall; 3 credits Applying economic theory to the practice of resource and energy demand analysis. Topics include consumer demand theory and the proper modeling of demand systems, theoretical underpinnings of behavioral economics, welfare theory, cost benefit analysis and cost-effectiveness analysis, and technology adoption and diffusion. Pre-Reqs: Declared in Agricultural & Applied Economics, M.S. named option in Resource and Energy Demand Analysis
AAE 772: Applied Econometrics of Resource and Energy Demand. offered spring; 3 credits The estimation of the economic models of resource and energy demand, including evaluation of energy and resource programs, estimating demand systems in the study of dynamic pricing models, estimating discrete choice models, forecasting resource and energy demand from econometric models, and topics in the application of big-data analytics in resource and energy demand analysis. Pre-Reqs: A A E 636 and declared in Agricultural & Applied Economics, M.S. named option in Resource and Energy Demand Analysis
AAE 773: Seminar in Resource and Energy Demand Analysis. offered fall, spring; 3 credits Current issues in resource and demand analysis, with weekly presentations by academic researchers and industry professionals, and an emphasis on identifying the correct conceptual approach and methods to address an issue. Pre-Reqs: Declared in Agricultural & Applied Economics, M.S. named option in Resource and Energy Demand Analysis
AAE 774: Practicum in Resource and Energy Demand Analysis I. offered spring; 1 credits The first in a 2-course sequence that comprises the capstone course in Resource and Energy Demand Analysis, in which students synthesize their training in a simulated "real world" analysis. The course is designed to reflect the full range of professional responsibilities of a resource/energy demand analyst, from data retrieval/cleaning to analysis to reporting. Pre-Reqs: AAE 636 and declared in Agricultural & Applied Economics, M.S. named option in Resource and Energy Demand Analysis
AAE 776: Practicum in Resource and Energy Demand Analysis II. offered summer; 3 credits The second in a 2-course sequence that comprises the capstone course in Resource and Energy Demand Analysis, in which students synthesize their training in a simulated "real world" analysis. The courses is designed to reflect the full range of professional responsibilities of a resource/energy demand analyst, from data retrieval/cleaning, to analysis, to reporting. Pre-Reqs: AAE 772 and declared in Agricultural & Applied Economics, M.S. named option in Resource and Energy Demand Analysis
AAE 777: Survey and Sample Design in Applied Economics. offered fall; 2 credits Teaches generation and use of survey data. Topics include identification of target population, random, stratified, & cluster sampling, power analysis, survey collection & implementation, retrospective and prospective surveys of respondent choice, experimental choice in survey design, and econometric modeling of respondent choices. Pre-Reqs: Declared in Agricultural & Applied Economics, M.S. named option in Resource and Energy Demand Analysis
AAE 780: Research Colloquium. offered spring; For AAE Ph.D. students to develop a dissertation proposal. Working in groups and with some additional feedback from individual advisors. Developing research questions, literature search, word models, math models, testable hypotheses, identification strategies. Working with data, using LATEX, giving presentations. Peer review of weekly assignments. Developing cohort for subsequent feedback through dissertation writing and job search. Pre-Reqs: Graduate standing and declared in Agricultural & Applied Economics, Ph.D.
AAE 799: Practicum in Agricultural and Applied Economics Teaching. offered fall, spring; 1-3 credits Instructional orientation to teaching at the higher education level in the agricultural and life sciences, direct teaching experience under faculty supervision, experience in testing and evaluation of students, and the analysis of teaching performance. Pre-Reqs: Graduate standing and consent of instructor

AAE 835: Game Theory and Political Analysis. (Crosslisted with Poli Sci) offered spring; 3 credits An introduction to the tools of game theoretic analysis, with reference to the use of game theory in political science. Intended for those desiring a basic familiarity with the theory, and for those planning further work in formal modeling. Pre-Reqs: Graduate/professional standing
AAE 881: Benefit-Cost Analysis. (Crosslisted with ENVIR ST, PUB AFFR, POP HLTH) offered fall, spring; 3 credits This course will present the welfare economics underpinnings for evaluating the social benefits and costs of government activities. Issues such as uncertainty, the social discount rate, and welfare weights will be discussed; case studies from the environmental, social policy, and agricultural areas will be studied. Pre-Reqs: Graduate/professional standing and (PUB AFFR 818 and 880), or I SY E/POP HLTH 875, or A A E 635

AAE 982: Interdepartmental Seminar in the Latin-American area. (Crosslisted with ANTHRO, C&E SOC, GEOG, HISTORY, ) offered ; 1-3 credits Interdisciplinary inquiry in Latin American society and culture. Pre-Reqs: Grad st & cons inst.
AAE 990: Research and Thesis. offered fall, spring; 1-12 credits Independent research and writing to complete dissertation requirement. Pre-Reqs: Consent of instructor
AAE 999: Special Work-Agricultural and Applied Economics. offered fall, spring; 1-3 credits Directed study projects for graduate students as arranged with a faculty member. Pre-Reqs: Consent of instructor