Objectives of Ph. D program
The objectives of the Ph. D program are to produce quality graduates through course credit system with the following capabilities:
- A fundamental understanding of economic principles and their application to agricultural, resource, rural and related issues.
- An appropriate level of problem identification and conceptualization skills to focus on realistic and relevant research problem
- A capability to integrate theory, technical information and appropriate methods in effectively analyzing and solving, agricultural, resource and rural related problems.
- An appropriate level of communication skills to effectively disseminate research and technical information, including the practical implications of research analysis.
Agricultural Economics evolved from a specialization within the discipline of economics to strong discipline in its own area. Agricultural economics, like most disciplines, continues to evolve. Over the last decade, several key study areas have emerged within the discipline. The emerging broad fields are:
- Production economics and farm management
- Natural resource and environmental economics
- Agribusiness and agricultural marketing management
- Rural economics and rural development
The basis of formulation of a sound Ph. D curriculum in agricultural economics is consideration of above 4 broad fields and selecting relevant courses in such a way that a strong academic background of the Ph. D student is developed. We have considered these fields for designing our Ph. D curriculum.
Minimum course requirement
|A. Major Courses||Cr.||Minor Courses||Cr.|
|1a. Major Core||12||2a. Minor Core||6|
|AEC503 Quantitative Methods in Economics||3||STT520 Sampling and Surveys||3|
|AEC605 Advanced Micro Economics||3||STT525 Multivariate Analysis||3|
|AEC606 Advanced Macro Economics||3|
|AEC630 Econometrics II||3|
|1b. Major Elective||15||2b. Minor Elective||6|
|AEC507 Micro Economics II||3|
|AEC508 Macro Economics II||3|
|AEC 531Econometrics I||3|
|AEC510 Agricultural Production Economics||3||AEE670 Philosophy of Rural Development||3|
|AEC511 Farm Management||3||AGR525 Farming System||3|
|AEC647 Economic Analysis and Planning of Agricultural Projects||3||ENT518 Integrated Pest Management||3|
|AEC550 Resource and Environmental Economics||3||STT515 Data Analysis by Micro Computer||3|
|AEC640 Rural Development Economics and Policy||3||AEE 680 Rural Institution and Participatory Development||3|
|AEC646 International Trade||3||AEE 645 Project Preparation and Management||3|
|AEC630 Advanced Agricultural Finance||3||HRT 506 Principles of Fruit Production||3|
|AEC620 Advanced Agricultural Marketing Analysis||3||HRT 501 Principles of Vegetable Production||3|
|AEC 644 Food and Agribusiness Management||3||Other course (As recommended by advisory committee)||3|
|AEC 641 Theory of Economic Growth and Rural Economics||3||Other Courses2|
|AEC 642 Food and Nutrition Economics||3|
|AEC 643 Research Methods and Operations Research||3|
|AEC 645 Reading in Agricultural Economics||3|
|C. Dissertation Research||30|
|AEC699 Dissertation Research|
1 Degree requirement may be changed on the recommendation of the Board of Studies and the Student’s Advisory Committee
2. Approved by the Student’s Advisory Committee
- AEC 503 Quantitative Methods in Economics (3 Cr): Mathematical methods relevant to study of economics, methods of comparative static analysis; techniques for analyzing optimum values using differential calculus, dynamic analysis and application of integral calculus. Matrix algebra and input-output analysis.
- AEC 507 Microeconomics II (3 Cr.): Economic theories of consumer behaviour; analysis of utility; theory of firm; the production function, optimizing behaviour, input demand functions and cost functions; market equilibrium: product and factor market equilibrium under perfect and imperfect conditions and welfare economics.
- AEC 508 Macroeconomics II (3 Cr.): National income analysis: equilibrium income and interest rate in the product and money markets; equilibrium in labour market: supply side equilibrium: output and price level; demand for and supply of money; monetary and fiscal policy; consumption function and consumer expenditure; theory of investment behaviour; inflation, productivity and employment; the theory of rational expectations.
- AEC 605 Advanced Microeconomics (3 Cr.): Economic theories of imperfect competition, input markets, general equilibrium and welfare economics. (Prerequisite AEC 505 or consent of the instructor)
- AEC 606 Advanced Macroeconomics (3 Cr): Theory of rational expectations, general equilibrium analysis and macroeconomic modeling for analyzing economic problems. (Prerequisite AEC 506 or consent of the instructor)
- AEC 630 Econometrics II (3 Cr): Model building, estimation procedures- GLS, maximum likelihood, Three stage Least squares, simultaneous equations. Non-linear regression. Probit, Logit, Tobit and multinomial regression. Time series model analysis. (Prerequisite AEC 530 or consent of the instructor).
- AEC 510 Agricultural Production Economics (3 Cr): Application of concepts and theories relating to agricultural production; input-output relationship, frontier production function and efficiency analysis; choice and decision making under risk; topic relating to utilization of scarce resources most efficiently and effectively for maximization of agricultural productivity; externality problem.
- AEC 511 Farm Management (3 Cr): Application of economics and business principles to the analysis, planning and organization of agricultural farms and businesses; use of analytical tools including mathematical programming and forecasting.
- AEC 647 Economic Analysis and Planning of Agricultural Projects (3 Cr.): Concept of project, Project life cycle, Project identification, preparation and implementation, Cost-benefits analysis, project monitoring and evaluation.
- AEC 550 Resource and Environmental Economics (3 Cr.): Economic criteria for natural resources and environmental quality management; economics of renewable and nonrenewable resource development and management, sources of inefficient allocation of natural resource; resource scarcity, economics of environmental quality with emphasis on externalities, social cost, pollution abatement and related policy.
- AEC 640 Rural Development Economics and Policy (3 Cr): Theories of economic change in developed and less developed economies; natural resources and development of rural regions, with emphasis on growth, diversification and instability; resource mobility and spatial aspects of development; poverty and inequality; different rural development models; rural development policy.
- AEC 646 International Trade (3 Cr.): Introduction to empirical trade analysis, Trade policy, product analysis and economic integration, terms of trade; trade restriction, trade liberalization, trade preferences, regional economic groupings, WTO regulations and trade negotiations.
- AEC 630 Advanced Agricultural Finance (3 Cr.): Financial analysis and its application in agribusiness; Use of ratios to evaluate financial performance of a business farm, capital budgeting techniques as applied to agribusiness decisions, Financial risk management and portfolio of business investment.
- AEC 620 Advanced Agricultural Marketing Analysis (3 Cr.): Advanced theoretical and empirical issues relating to the economic analysis of agricultural markets. Major topics include: economic performance of markets under varying competitive assumptions; quantitative methods of modeling and analyzing markets over multiple dimensions.
- AEC 644 Food and Agribusiness Management (3 Cr.): Principles of business management, application of conceptual, analytical, problem identification and problem solving skills to develop organizational strategy. Marketing decision making in agribusiness farm, with emphasis on the formulation of strategic marketing plans, analysis of economic and policy issues relevant for food and agribusiness managers.
- AEC 643 Research Methods and Operations Research (3 Cr.): Theory and methods of scientific research in economics and related social sciences. Problem identification, formulation of hypothesis, and empirical techniques of analysis. Management problems involved in planning, operating and controlling systems used in operations, with emphasis on farm and agribusiness applications.
- AEC 645 Reading and Conference in Agricultural Economics (3 Cr.): (Credit to be arranged but not more than 3 cr.) Special study assigned by the major Professor on the recommendation of the advisory committee and/or interest of the student.
- AEC 641 Theory of Economic Growth and Rural Economics (3 Cr.): Analysis of economic growth theories in relation to transformation in rural economy. Theory and methods related to development of rural economy of Bangladesh. Analysis of role of agriculture, non-farm economic activities, resources, human capital, local government, rural institutions and government policy.
- AEC 642 Food and Nutrition Economics (3 Cr.): Explore economic aspects of food safety, quality and nutrition and the ways in which economics can aid understanding of food safety, quality and nutritional issues.