Undergraduate Courses Offered by the Department of Applied Economics & Statistics

Hoke S. Hill, Chair

Majors Degrees
Agricultural and Applied Economics B.S.
Community and Economic Development B.S.

 For more information (syllabus, readings, etc) about most courses check out our course syllabi.

AP EC 102

SOUTH CAROLINA AND THE GLOBAL ECONOMY, 3 (3 and 0)
Explores important aspects of globalization. Includes the role of market-based systems, trade, financial flows, and immigration. Emphasizes the world-wide economic integration of the United States, generally, and South Carolina in particular.

AP EC 202 AGRICULTURAL ECONOMICS, 3 . (3 and 0)
Analytical survey of the various subdivisions of agricultural economics, to include farm organization, enterprise, land economics, marketing, farm prices, governmental farm policies, and the relation of agriculture to the national and international economy.
AP EC 205 AGRICULTURE AND SOCIETY, 3 (3,0)
Introduction to the development of world society focusing on food production, from early hunting and gatering to modern biotechnology. Covers factors driving societal growth with a global perspective. Explores systematic impacts of growth in technical capacity to produce agricultural products on farm and community organization, industrialization, and the global economy.
AP EC 257 NATURAL RESOURCES, ENVIRONMENT, AND ECONOMICS, 3 (3,0)
Economic principles applied to resource allocation problems related to environmental and natural resource issues.
AP EC 302 ECONOMICS OF FARM MANAGEMENT, 3 (3, 0)
Economic principles underlying the organization and operation of agricultural firms and related business enterprises. Particular emphasis is directed to management aspects of the farm as a production unit. Prerequisite: AP EC 202 or ECON 211
AP EC 308 QUANTITATIVE APPLIED ECONOMICS, 3 (3, 0)
Basic quantitative relationships in applied economics are examined and interpreted. Emphasis is placed on the mathematical aspects of applied economics. Microcomputer software will be utilized for problem solving.
AP EC 309, H309 ECONOMICS OF AGRICULTURAL MARKETING, 3 (3, 0)
General course in marketing agricultural commodities with particular emphasis upon food products. Efficiency criteria, consumer behavior, market organizations and institutions, and marketing functions are analyzed. Prerequisite: AP EC 202
AP EC 313 PRINCIPLES OF REAL ESTATE APPRAISAL, 3 (3, 0)
Introduction to the basic principles and procedures of real estate appraisal. Topics include the real estate market, principles of valuation, legal concepts, and the application of the comparable sales, cost, and income approaches to real estate valuation. Prerequisite: FIN 307 or consent of instructor.
AP EC 319 AGRIBUSINESS MANAGEMENT, 3 (3, 0)
Study of the principles used in making management decisions and the application of these principles in agribusiness. Emphasis is given to the application of economics to the solution of problems facing managers of agricultural supply and marketing firms. Prerequisite: AP EC 302 or 309.
AP EC 351 PRINCIPLES OF ADVERTISING, 3 (3, 0)
Introduction to the various functions of advertising; research and audience analysis; various media formats; planning, research, and production necessary to create an advertising campaign; social effects, economic effects, and ethical considerations of advertising.
AP EC 352 PUBLIC FINANCE, 3 (3, 0)
Principles of financing government, sources of public revenue, objects of public expenditures, problems of fiscal administration, and the application of fiscal policies in stabilizing the national economy. Prerequisite: Junior standing
AP EC 402 PRODUCTION ECONOMICS, 3 (3, 0)
Economic analysis of agricultural production involving the concept of the farm as a firm, principles for decision making, the quantitative nature and use of production and cost functions and their interrelations and application of these principles to resource allocation in farms and among areas. Prerequisite: AP EC 308, ECON 314
AP EC 403 LAND ECONOMICS, 3 (3,0)
Study of the characteristics of land and of the physical, legal, social, and economic princiles and problems relating to the control and use of land resources. Prerequisite: AP EC 202 or ECON 200
AP EC 409 COMMODITY FUTURES MARKETS, 3 (3 and 0)
Introduction to the economic theory, organization, and operating principles of agricultural commodity futures markets in the U.S. Emphasis is placed on speculating, hedging, and investing in agricultural commodity futures contracts from the standpoint of the agribusiness entrepreneur. Prerequisite: AP EC 202 or ECON 211
AP EC 413 ADVANCED REAL ESTATE APPRAISAL, 3 (3, 0)
Topics covered include highest and best use analysis, data collection, and analyses. Stresses advanced appraisal procedures for income, cost and comparable sales approach to real estate valuation. Eminent domain, the appraisal of property in transition, and specialized property will be covered. Prerequisite: AP EC 313, FIN 307, or consent of instructor.
AP EC 421

GLOBALIZATION 3 (3,0)
Utilizes basic princiiples of international economics (comparative advantage, free trade vs. protectionism, exchange rate determination, etc.) to analyze the contemporary problems and issues of the world economy. Emphasizes application of economic principles to current globalization trends. Prerequisite: ECON 310 or 412 or 413 or permission of the instructor

AP EC (CSENV) 426, CROPPING SYSTEMS ANALYSIS, 3 (2, 2)
Application of agronomic and economic principles in solving problems relating to the production and marketing of agronomic crops. A major part of the course will be a case study in which a detailed analysis of a farm, agribusiness or environmental situation will be made with students making formal written and oral presentations of results. Prerequisite: AP EC 202, AGRIC 104, Junior or Senior standing.
AP EC 433, AGRICULTURAL LAW AND RELATED ENVIRONMENTAL ISSUES, 3(3, 0)
Introduction to agricultural and agricultural-related environmental legal issues. Topics include a review of laws, agencies, programs, court structure, torts, taxation, biotechnology, land and water use, regulated industry and environmental liabilities as they relate to agricuture and natural resources. Prerequisite: LAW 322 or consent of instructor.
AP EC 452 H452 AGRICULTURAL POLICY, 3(3, 0)
Review of public agricultural policy programs in the United States and a critical examination of current and proposed government policies and programs affecting the agricultural sector of the economy. Includes economic considerations as related to past and current farm price and income problems.. Prerequisite: AP EC 302, 309
AP EC 456 H456 PRICES, 3(3, 0)
Review of the basic theory of price under competitive conditions and various modifications; nature, measurement and causes of daily, seasonal and cyclical price fluctuations; geographical price relationships; nature, function and behavior of futures markets; government price programs. Prerequisite: AP EC 308, ECON 314, EX ST 462
AP EC 457 NATURAL RESOURCE ECONOMIC THEORY AND POLICY 3(3,0) Focuses on analysis of actual, efficient, and sustainable use of natural resources. Topics may vary but include land-use change and regulation, water use and marketing, harvesting trees or fish on farms, harvesting and developing property rights to open-access resources, renewable versus nonrenewable energy use, and sustainable development. Prerequisite: MTHSC 102; CRD 357 or ECON 314
AP EC 458, ECONOMICS OF RISK MANAGEMENT 3(3,0)
Focuses on cost-benefit analysis of risks, incorporation of economic considerations into risk assessments, and microeconomic analysis of activities, insurance, and policies that reduce, mitigate or increase these risks. Possible topics include climate change, wildland fire, erosion, pests and invasive species, pestilence, food contamination, and hurricanes. Prerequisite: MTHSC 102 and CRD 357 or ECON 314
AP EC 460 AGRICULTURAL FINANCE, 3(3, 0)
The study of the principles and technique of financing in the agricultural sector. Topics include the capital situation in agriculture, concepts of farm financial management, use of credit, capital markets, lending agencies, and estate planning. Prerequisite: ACCT 201, AP EC 202
AP EC 475 ECONOMICS OF WILDLIFE MANAGEMENT AND POLICY, 3(3, 0)
Integrated approach to the study of the economics of wildlife. Topics include determination of market and nonmarket value, single and multiple species management, enterprise cost and returns, marketing wildlife, leasing methods, complementary and competitiveness with agricultural and forestry enterprises and timber and crop damage cost estimates and control. Prerequisites: AP EC 202, ECON 200, FOR 304, W F B 306 or consent of the instructor.
AP EC 490 SELECTED TOPICS 1-15, (0, 2-30)
Study of topics in applied economics. Topics may include classroom and/or field experience not normally covered in other classes. May be repeated for credit, but only if different topics are covered. Prerequisite: Junior standing and/or consent of instructor.
AP EC (CRD) 491 INTERNSHIP, AGRIBUSINESS, AND COMMUNITY AND RURAL DEVELOPMENT, 1-6(0, 2-12)
Internship under faculty supervision in an approved agency or firm. An internship is designed to provide students with work experience in agribusiness or community and rural development. The student will submit a comprehensive report within one week of the end of the internship. A maximum of 6 internship credits may be earned. Prerequisite: Junior standing and/or consent of instructor.
CRD (SOC) 235 INTRODUCTION TO LEADERSHIP 3 (3,0)
Introduction to leadership in various organizational settings from a sociological perspective. Examines the concept of leadership, leadership traits, types of leadership, and the evolution of leadership behaviors in the 19th and 20th centuries.
CRD 335 LEADERSHIP IN ORGANIZATIONS AND COMMUNITIES 3 (3,0)
Students present leadership models, principles, skills, negotiation techniques, and pracetices to improve effectiveness in organziations and communities; use current theory and research findings to evaluate efrective leadership; demonstrate the role of effective leadership in shaping future organizations and social structures in public and private sectors. Prerequisite: Introductory course in a social science (sociology recommended).
CRD 336 COMMUNITY DEVELOPMENT METHODS 3(3,0) Research methodology is applied to community, leadership, and economic development. Steps include problem identification, data collection, analysis, and interpretation. Special attention is given to case study approach, applied research design, data collection options, and computer-based analysis of community-based data to generate findings and implications for policy change. Prerequiste: CRD 335, Ex St 301 or equivilent
CRD 357 NATURAL RESOURCES ECONOMICS, 3(3, 0)
The principles and problems involved in the use of soil, water forest, and mineral resources, with special emphasis on economic aspects of alternative methods of resource utilization. Prerequisite: AP EC 202, ECON 200 or 211
AP EC (CRD, HLTH) 361 INTRODUCTION TO HEALTH-CARE ECONOMICS, 3 (3, 0)
Introductory course in which students learn the basic economics of the institutions comprising the health-care industry. Topics include the underlying supply, demand, and institutional factors impacting health-care availability and cost.
CRD (APEC) 411 REGIONAL IMPACT ANALYSIS, 3 (3 and 0)
Techniques for analysis of the growth and decline of regions including economic-base theory, shift share, regional input-output, regional econometric models, and fixed impact models. Prerequisite: AP EC 202 or ECON 211 and 212
CRD (APEC) 412 REGIONAL ECONOMIC DEVELOPMENT THEORY AND PRACTICE, 3 (3, 0)
Development of rural economic activity in the context of historical, theoretical, and policy aspects of friction associated with spatial separation. Location factors, transfer costs, location patterns, and regional-growth policy are considered. Prerequisite: AP EC 202 or ECON 211 or equivalent.
EX ST 222 STATISTICS IN EVERDAY LIFE 3(3,0)
Focuses on the role of statistics in a variety of areas including politics, medicine, environmental issues, advertising, and sports. Students explore common statistical misconceptions and develop and understanding of how principles of probability and statistics affect many aspects of everyday life. Not open to students who have received credit for EX ST 301, MTHSC 301, 302 or 309. Prerequisite: Satisfactory score on the Clemson Mathematics Placement Test or consent of department.
EX ST 301, H301 INTRODUCTORY STATISTICS 3 (2,2) Basic concepts and methods of statistical inference; organization and presentation of data, elementary probability, measures of central tendency and variation, tests of significance, sampling, simple linear regression and correlation. Stresses the role of statistics in interpreting research and the general application of the methods. Credit toward a degree will be given for only one of EX ST 301, MTHSC 301, 302, 309.
EX ST 311, H311 INTRODUCTORY STATISTICS II, 3(2,2)
Introduction to simple linear and multiple regression, principles of experimental design, and analysis of data using parametric and nonparametric techniques. Analysis of data is conducted using SAS. Examples come primarily from agriculture, food, life and health sciences, forestry, and natural resources. Credit toward a degree will be given for only one of EX ST 311 or MGT 310. Prerequisite: EX ST 301 or equivalent with a C or better.
EX ST 411 STATISTICAL METHODS FOR PROCESS DEVELOPMENT AND CONTROL, 3(3,0)
Experimental design techniques for use in process development, application of screening experiments and response surface experiments, techniques for process control with implications for product quality control. Includes discussions of the use of statistical computer analyses and interpretations including computer-generated graphics. Prerequisite: MTHSC 206 or consent of instructor.
EX ST 462 STATISTICS APPLIED TO ECONOMICS, 3(3, 0)
Continuation of EX ST 301 with emphasis on statistical methods used in the collection, analysis, presentation and interpretation of economic data. Special attention is given to time series analysis, the construction of index numbers and the designing of samples for surveys in the social science fields. Prerequisite: EX ST 301
RS 301 RURAL SOCIOLOGY, 3(3, 0)
Study of human social relationships as influenced by life in the open country and in small towns and villages including consideration of the rural population, rural social institutions, processes of change in agricultural technology, and community area planning and development.
RS (SOC) 303, H303 METHODS OF SOCIAL RESEARCH I
3(3 and 0)
Introduction to methods of social research: research design, sampling, measurement, reliability, and validity; the relationship between theory and research. Prerequisites: CP SC 120, MTHSC 203 or 301 or EX ST 301,SOC 201
   
RS (SOC) 371 POPULATION AND SOCIETY
3(3 and 0)
Social, economic and political consequences of population structure and change, including problems of food and resources, as well as population goals and policies in developing countries and the United States. Prerequisite: SOC 201.
RS (SOC) 401, 601 HUMAN ECOLOGY
3(3 and 0)S
Analysis of the interrelationships between the physical world, modifications in natural environments, human settlement patterns, and institutions that both encourage and regulate environmental modification. Emphasis is placed on conditions whereby natural resources become public policy concerns. Prerequisite: Sophomore standing.
RS (SOC) 459, 659 THE COMMUNITY
3(3 and 0)F
CLose analysis of the development of contemporary communities and their place in society. Continuing effects of industrialization, migration, and technological change on community location and structure are examined. Structural relations of social class, status, and the associations among institutions are explored.

 

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Copyright 2008 by the Department of Applied Economics & Statistics, Clemson University, Clemson, SC 29634.

updated 9/2/08