MS in Agricultural and Resource Economics Major

2 Years On Campus Bachelors Program

University of Tennessee

Program Overview

The Master of Science in Agricultural and Resource Economics at the University of Tennessee, Knoxville, develops advanced expertise in economic analysis, quantitative methods, and research related to agriculture, agribusiness, food markets, and natural resources. Students can specialize in Agricultural Economics, Natural Resource Economics, or Agribusiness, preparing for careers in economic research, business management, environmental policy, market analysis, and resource management.

Curriculum Structure

The program offers thesis-based options in Agricultural Economics and Natural Resource Economics, as well as a project-based Agribusiness option. The curriculum varies by concentration, so the following outlines the main areas of study rather than a fixed course schedule.

Year 1: Economic Theory and Quantitative Analysis

Students develop a strong foundation through AREC 505 – Microeconomic Theory, AREC 524 – Econometric Methods, and AREC 525 – Optimization Methods. These courses build skills in economic modelling, statistical analysis, and decision-making, preparing students to evaluate agricultural markets, business strategies, and natural resource challenges.

Year 2: Applied Research and Professional Specialization

Students apply their analytical skills to agricultural markets, resource allocation, and business decision-making through concentration-specific electives and research. Thesis students conduct original research and complete a thesis, while Agribusiness students undertake an internship and complete an internship paper. Relevant advanced courses include AREC 512 – Advanced Agribusiness Finance, AREC 542 – Decisions, Uncertainty, and Resource Allocation, and AREC 550 – Microeconomic Applications to Agricultural and Resource Markets.

Note: The department's published requirements vary by concentration and degree option; these courses are examples, not a prescribed year-by-year sequence.

Focus Areas

Agricultural economics, agribusiness management, natural resource economics, econometrics, microeconomic theory, optimization, agricultural finance, market analysis, environmental policy, resource allocation.

Learning Outcomes

Apply economic theory, analyze agricultural and food markets, interpret economic data, use econometric methods, evaluate business decisions, assess resource allocation, analyze agricultural policies, conduct independent research, develop evidence-based recommendations, communicate economic findings.

Professional Alignment (Accreditation)

The program offers thesis-based and project-based graduate pathways designed for research and professional careers in agriculture, agribusiness, and natural resource management. Program-specific professional accreditation: Not stated in the official program information.

Reputation (Employability Rankings)

The department provides graduate research opportunities and competitive assistantships, with preparation for employment across public and private sectors. Its published career information identifies opportunities in agricultural consulting, food processing, marketing, finance, government agencies, environmental organizations, and resource management. Program-specific employment statistics and dedicated QS or Guardian rankings: Not stated in the official program information.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Tennessee, the MS 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 agricultural and resource economics sectors. The program emphasizes experiential learning through various opportunities, allowing students to apply their knowledge in practical settings.

Here are some key components of experiential learning in the MS Agricultural and Resource Economics program:

- Research Opportunities: Engage in cutting-edge research projects at the Institute of Agriculture, where you can work alongside faculty on topics ranging from agricultural policy to environmental economics.

- Internships: Gain valuable work experience through internships with local agricultural businesses, government agencies, and non-profit organizations, providing you with insights into the industry and networking opportunities.

- Field Trips: Participate in field trips to farms, agricultural businesses, and research facilities, allowing you to see firsthand the application of economic principles in real-world settings.

- Group Projects: Collaborate with peers on group projects that tackle current issues in agricultural and resource economics, fostering teamwork and problem-solving skills.

- Software Training: Learn to use industry-standard software such as STATA and R for data analysis, which are essential tools for conducting economic research and analysis.

- Laboratories: Access specialized laboratories for research and analysis, including facilities for agricultural experiments and economic modeling.

- Libraries and Resources: Utilize the extensive resources available at the UT Libraries, including databases and journals specific to agricultural and resource economics.

Progression & Future Opportunities

The MS in Agricultural and Resource Economics at the University of Tennessee prepares graduates for a variety of impactful careers in sectors such as agriculture, environmental policy, and resource management. Alumni often find themselves in roles such as agricultural economists, policy analysts, and market research specialists. With a strong foundation in economic principles and analytical skills, graduates are well-equipped to tackle real-world challenges in these fields.

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

- University Services: The Career Development Center offers personalized career counseling, resume workshops, and networking events specifically tailored for students in the Agricultural and Resource Economics program. Additionally, the university hosts job fairs that connect students with potential employers in the agricultural sector.

- Employment Stats and Salary Figures: According to recent data, graduates from this program have a high employment rate, with over 90% securing jobs within six months of graduation. The average starting salary for graduates is around $60,000, with potential for growth as they gain experience.

- University–Industry Partnerships: The University of Tennessee has established strong partnerships with organizations such as the Tennessee 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 the highest standards and is recognized globally.

- Graduation Outcomes: Graduates have gone on to work for leading firms and government agencies, contributing to policy development and economic analysis that shapes the future of agriculture and resource management.

Further Academic Progression: After completing the MS in Agricultural and Resource Economics, students have the option to pursue a Ph.D. in Agricultural Economics or related fields, which can open doors to academic positions, advanced research roles, and higher-level consultancy opportunities. Additionally, graduates may choose to specialize further by enrolling in certificate programs or professional development courses that enhance their expertise in specific areas of interest.