Master of Science in Agricultural and Applied Economics

2 Years On Campus Masters Program

University of Wyoming

Program Overview

The Master of Science in Agricultural and Applied Economics at the University of Wyoming prepares students to analyze economic challenges affecting agriculture, natural resources, food systems, and rural communities. Through research-intensive study and close faculty mentorship, students develop skills in economic analysis, market evaluation, resource management, and evidence-based policymaking, making the program suitable for careers in industry, government, consulting, and doctoral research.

Curriculum Structure

The program emphasizes applied research, economic theory, quantitative analysis, and a faculty-guided thesis. Specific courses and the year-wise sequence depend on the student's approved study plan.

Year 1

Students establish a foundation in agricultural and applied economics through Theory of the Firm and Producer Behavior (AGEC 5310), Advanced Natural Resource Economics (AGEC 5630), and Advanced Agricultural Market Theory (AGEC 5710). These subjects develop an understanding of production decisions, resource allocation, agricultural markets, and economic decision-making.

Year 2

Students deepen their expertise through advanced economic analysis, quantitative research, and specialized study in areas such as water resources, environmental economics, agricultural production, and behavioral economics. Research-focused students complete an applied thesis under faculty supervision, preparing them to communicate findings and support evidence-based decisions.

Focus Areas

Agricultural economics, natural resource economics, water resource economics, agricultural production, market analysis, experimental and behavioral economics, environmental economics, food and agricultural policy, rural economic development, international agriculture.

Learning Outcomes

Analyze agricultural markets, evaluate economic policies, apply quantitative research methods, assess natural resource management decisions, interpret agricultural production data, conduct independent economic research, evaluate environmental and water resource issues, develop evidence-based recommendations, communicate research findings effectively.

Professional Alignment (Accreditation)

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

Research Preparation: The program develops applied economic research skills relevant to government agencies, agricultural businesses, consulting organizations, and doctoral study.

Reputation (Employability Rankings)

Research Recognition: The University of Wyoming holds Carnegie Research 1 (R1) classification, reflecting its status as a research-intensive university.

Career Preparation: Graduates have pursued roles in organizations including the Foreign Agricultural Service, National Agricultural Statistics Service, The Nature Conservancy, and Western AgCredit. A program-specific employability ranking or employment rate is not stated on the official program page.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Wyoming, the Master of Science in Agricultural and Applied 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 successful careers 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 program:

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

- Research Opportunities: The program offers access to research laboratories where students can engage in projects that address current agricultural and economic issues.

- Field Trips: Students often take field trips to farms, agricultural businesses, and research centers, providing them with firsthand experience of the industry.

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

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

- Libraries and Resources: The University of Wyoming’s libraries provide extensive resources, including access to agricultural databases and economic journals, supporting students' research and learning.

- Institute for Agriculture and Natural Resources: This institute offers additional resources and expertise, enhancing the educational experience for students in the program.

Progression & Future Opportunities

The Master of Science in Agricultural and Applied Economics at the University of Wyoming equips graduates with the analytical skills and economic knowledge necessary to thrive in various sectors. Alumni often find themselves in rewarding roles such as agricultural economists, policy analysts, and market research specialists. The program not only prepares students 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 University of Wyoming offers dedicated career services, including resume workshops, interview preparation, and networking events with industry professionals. The Agricultural and Applied Economics department also hosts guest lectures and seminars featuring experts from the field.

- Employment Stats and Salary Figures: According to recent data, graduates from the 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 Wyoming has established strong partnerships with organizations such as the Wyoming 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 successfully transitioned into roles in government agencies, non-profits, and private sector firms, contributing to policy development and economic analysis.

Further Academic Progression: After completing the Master of Science in Agricultural and Applied Economics, students have the option to pursue a Ph.D. in Agricultural Economics or related fields. This advanced study can lead to academic positions, research roles, or high-level consultancy opportunities, further enhancing your expertise and career prospects.