Master of Science in Applied Economics — Agricultural Economics Emphasis

2 Years On Campus Masters Program

University of Idaho

Program Overview

The Master of Science in Applied Economics with an Agricultural Economics emphasis at the University of Idaho prepares students to analyze economic challenges affecting agricultural production, commodity markets, pricing, resource use, and public policy. This 32-credit graduate program combines advanced economic theory, quantitative analysis, and applied research, making it suitable for students aiming for careers in agricultural economics, market analysis, government policy, research, or doctoral study.

Curriculum Structure

The program combines advanced coursework with applied research and offers thesis and non-thesis options. The study plan is developed around the student's selected emphasis and research interests rather than a fixed year-by-year course sequence.

Year 1: Students develop a strong foundation in economic analysis through Master's Econometrics (AGEC 525), Master's Microeconomics Analysis (AGEC 526), and Mathematics for Economists (AGEC 527). These courses build quantitative skills for evaluating agricultural markets, production decisions, economic trends, and policy questions.

Year 2: Students deepen their specialization through Production Economics (AGEC 534), Industrial Organization (AGEC 535), and International Trade and Policy (AGEC 533). Depending on their study plan, students undertake applied research, prepare a thesis or research paper, and develop recommendations for agricultural businesses, government agencies, and resource-management organizations.

Focus Areas

Agricultural production economics, agricultural marketing, commodity pricing, international trade, agricultural policy, econometrics, crop insurance, applied risk analysis, agribusiness management, natural resource economics, supply chain management.

Learning Outcomes

Apply advanced statistical and mathematical methods, evaluate agricultural production and marketing decisions, analyze commodity prices and economic trends, assess agricultural policies, conduct applied economic research, develop forecasting models, interpret quantitative data, communicate research findings, provide evidence-based recommendations.

Professional Alignment (Accreditation)

Program Accreditation: No separate professional accreditation is stated on the official program page.

Research Preparation: The program develops analytical and research skills relevant to agricultural businesses, government agencies, economic consulting, and further graduate study.

Reputation (Employability Rankings)

Research Opportunities: Students can present at professional conferences, participate in international research, and pursue publication in peer-reviewed academic journals.

Career Preparation: The university highlights opportunities in agricultural economics, research, policy, and industry. A program-specific employability ranking or graduate employment rate is not stated on the official program page.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Idaho, the Master of Science in Applied Economics — Agricultural Economics Emphasis offers students a unique opportunity to gain practical skills that are essential for success in the field. The program emphasizes experiential learning, allowing students to apply theoretical knowledge in real-world settings. With access to state-of-the-art facilities and resources, students can engage in hands-on projects, collaborate with peers, and gain valuable insights from industry professionals.

Here are some key aspects of the experiential learning opportunities available in this program:

- Research Facilities: Students can utilize the university's Agricultural Economics Research Institute, which provides access to cutting-edge research tools and resources.
- Internships: The program encourages internships with local agricultural businesses, government agencies, and non-profits, allowing students to gain practical experience and build professional networks.
- Software Proficiency: Students will work with industry-standard software such as STATA and R for data analysis, enhancing their technical skills and employability.
- Group Projects: Collaborative projects are a core component of the curriculum, fostering teamwork and problem-solving skills as students tackle real-world economic issues.
- Field Trips: The program includes field trips to local farms, agribusinesses, and research facilities, providing students with firsthand insights into the agricultural sector.
- Libraries and Resources: Access to the University of Idaho's extensive library system, including specialized collections in agriculture and economics, supports research and learning.
- Workshops and Seminars: Regular workshops and guest lectures from industry experts provide students with current insights and trends in agricultural economics.

Progression & Future Opportunities

Pursuing an Master of Science in Applied Economics — Agricultural Economics Emphasis Emphasis at the University of Idaho opens up a world of opportunities for graduates. With a strong foundation in economic theory and practical applications, students are well-prepared for diverse roles in the agricultural sector and beyond. Typical job roles include:

- Agricultural Economist
- Policy Analyst
- Market Research Analyst
- Economic Consultant

Here’s how the University of Idaho supports your journey toward a successful career:

- Career Services: The university offers dedicated career counseling, resume workshops, and interview preparation to help you stand out in the job market.
- Employment Statistics: Graduates from the program have a high employment rate, with many securing positions shortly after graduation. The average starting salary for graduates in this field is competitive, often exceeding $60,000 annually.
- University–Industry Partnerships: The University of Idaho collaborates with local and national agricultural organizations, providing students with networking opportunities and internships that can lead to job placements.
- Long-term Accreditation Value: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring that your degree holds value in the job market for years to come.
- Graduation Outcomes: Alumni of the program have gone on to work for prestigious organizations, including government agencies, non-profits, and private sector firms, showcasing the versatility of the degree.

Further Academic Progression: After completing your MS in Applied Economics, you may choose to further your studies by pursuing a Ph.D. in Economics or a related field. This advanced degree can open doors to academic positions, research roles, and high-level consultancy opportunities, allowing you to contribute to the field of economics at a deeper level.