Master of Science in Agricultural and Resource Economics

2 Years On Campus Bachelors Program

University of Delaware

Program Overview

The Master of Science in Agricultural and Resource Economics at the University of Delaware develops advanced skills in economic theory, quantitative analysis, and research related to agriculture, food systems, natural resources, and environmental policy. The program prepares students for professional roles in agribusiness, government agencies, and nonprofit organizations, while also providing a foundation for further study at the doctoral level.

Curriculum Structure — Year-wise

The degree emphasizes graduate coursework and thesis-based research. The university does not prescribe a fixed year-wise course sequence, so the following is illustrative.

Year 1

Students build foundations in microeconomic theory, econometrics, research methods, and data analysis. Depending on their research interests, they explore agricultural and food policy, behavioral economics, environmental economics, resource economics, and experimental economics.

Year 2

Students continue advanced coursework and conduct independent thesis research under faculty supervision. They develop research questions, collect and analyze data, and communicate findings through a written thesis and presentation.

Focus Areas

Agricultural and food economics, resource economics, environmental economics, agricultural policy, behavioral economics, experimental economics, econometrics, agribusiness, international agricultural trade.

Learning Outcomes

Apply microeconomic theory to agricultural and resource-related challenges.
Use econometric methods to analyze economic data.
Design research studies and select appropriate data-collection methods.
Evaluate agricultural, food, and environmental policies.
Communicate economic research through written and oral presentations.

Professional Alignment and Accreditation

The program is offered through the Department of Applied Economics and Statistics in the College of Agriculture and Natural Resources. Program-specific professional accreditation is not stated in the official program information.

Reputation and Employability

The program offers hands-on research experience and faculty mentorship, with preparation for doctoral study or employment in agribusiness, government agencies, and nonprofit organizations. Program-specific employment rates, salary statistics, and subject rankings are not stated in the official program information.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Delaware, the Master of Science in Agricultural and Resource Economics program is designed to provide students with hands-on experiences that bridge the gap between theory and practice. Students have access to state-of-the-art facilities and tools that enhance their learning and prepare them for real-world challenges in the field. The program emphasizes experiential learning through various opportunities, including internships, collaborative projects, and the use of advanced software and research facilities.

Here are some key aspects of experiential learning in the Master of Science in Agricultural and Resource Economics program:

- Internships: Students can engage in internships with local agricultural businesses, government agencies, and non-profit organizations, allowing them to apply their knowledge in real-world settings.

- Research Laboratories: The program offers access to specialized research labs where students can conduct experiments and analyze data related to agricultural economics and resource management.

- Field Trips: Students participate in field trips to farms, agricultural research stations, and industry conferences, providing them with firsthand insights into the agricultural sector.

- Collaborative Projects: Group projects are a significant part of the curriculum, encouraging teamwork and the application of economic principles to solve real agricultural issues.

- Software Tools: Students gain proficiency in industry-standard software such as R, SAS, and GIS tools, which are essential for data analysis and economic modeling.

- Libraries and Resources: The University of Delaware’s library system offers extensive resources, including access to agricultural databases and economic journals, supporting students' research and learning.

- Institute for Global Studies: This institute provides opportunities for students to engage in global agricultural issues, enhancing their understanding of international markets and policies.

Progression & Future Opportunities

The Master of Science in Agricultural and Resource Economics program at the University of Delaware equips students with the analytical skills and economic understanding necessary to tackle pressing issues in agriculture, natural resources, and environmental policy. Graduates often find themselves in rewarding roles such as agricultural economists, policy analysts, and market research specialists. The program not only prepares you for immediate employment but also opens doors to advanced academic pursuits.

Here’s what you can expect in terms of progression and future opportunities:

- University Services: The Career Services Center offers personalized career counseling, resume workshops, and job search strategies tailored to the agriculture and resource economics field. Additionally, the Office of Graduate and Professional Education provides resources for networking and professional development.

- Employment Stats and Salary Figures: According to recent data, graduates from this program have a high employment rate, with many securing positions within six months of graduation. The average starting salary for graduates in this field is around $60,000, with potential for growth as experience increases.

- University–Industry Partnerships: The University of Delaware has established strong partnerships with organizations such as the Delaware Department of Agriculture and various agricultural cooperatives, providing students with internship opportunities and real-world experience.

- Long-term Accreditation Value: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring that the education you receive meets high standards and is recognized globally.

- Graduation Outcomes: Alumni of the program have successfully transitioned into influential roles in government agencies, non-profits, and private sector firms, contributing to policy development and economic analysis.

Further Academic Progression: After completing the MS in Agriculture and Resource Economics, you may choose to pursue a PhD in a related field, such as Agricultural Economics or Environmental Policy. This advanced study can lead to academic positions, research roles, or high-level consultancy opportunities, further enhancing your expertise and career prospects.