Academic Qualification for Admission into MS Program
Candidates for admission into an MS program must have a Bachelor of Science or an equivalent degree from a recognized University or Institute in respective discipline with excellent GPA or Class.

Minimum Course and Research Requirement for MS Degree

A.    Major Courses Cr. Minor Courses Cr.
1a. Major Core 12 2a. Minor core 3
AEC  501 Microeconomics I 3 STT 520 Sampling and Surveys 3
AEC 502 Macroeconomics I 3      
AEC 503 Quantitative Methods in  Economics 3      
AEC 531 Econometrics I 3      
1b. Major Elective 9 2b. Minor Elective 6
AEC 510 Agricultural Production Economics 3 AER 510


Research Methodology in Extension Education 3
AEC 511 Farm Management 3 AER 530


Extension Program

Management and Administration

AEC 520 Agricultural Marketing & Trade 3 AER 620 Project Planning & Development in Agricultural Extension 3
AEC 521 Agricultural Price Analysis 3 AFE 512 Farming Systems 3
AEC 540 Agricultural Development 3 ENT 518 Integrated Pest Management 3
AEC 542


Financial Management in  Agriculture 3 HRT 501 Principles of Vegetable Production 3
AEC 550


Resource and Environmental Economics 3 HRT 506 Principles of Fruit Production 3
AEC 551 Time Series Analysis 3 STT 505 Regression Analysis 3
    STT 515 Data Analysis by Micro Computer 3
  STT 525 Multivariate Analysis 3
  Other Courses2  
B.    Seminar 1  
AEC 598    Seminar 1
C.    Thesis Research 12
AEC 599    Thesis Research Variable  
Total 43
1 Degree requirements may be changed on the recommendation of the Board of Studies and the Advisory Committee.
2 Approved by the Advisory Committee


AEC 501 Microeconomics I (3 cr): Economic theories of consumer and producer behavior: utility theory, price theory, demand and supply, theory of production, price and output determination in product and factor markets under conditions of perfect and imperfect competition; general equilibrium and welfare.
 AEC 502 Macroeconomics I (3 cr): Determination of income, employment, and prices according to classical and neo-classical models; self-adjusting mechanisms and effects of monetary and fiscal policies; national income accounting, inflation, unemployment, expectation, and their policy implications
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 (Prerequisite AEC 501).
 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 (Prerequisite AEC 501).
AEC 511 Farm Management (3 cr): Application of economics and business principles to the analysis, planning and organization of agricultural farms and business; use of analytical tools including mathematical programming and forecasting.
AEC 520 Agricultural Marketing and Trade (3 cr): Allocation efficacy of agricultural and food product markets; market structure and conduct; types of market coordination and their performance; theoretical and empirical approaches to the analysis of international trade in food and other farm products (Prerequisite AEC 501 & AEC 502).
AEC 521 Agricultural Price Analysis (3 cr): Demand analysis, elasticities and revenue functions, partial elasticities and flexibilities, demand elasticities for exhaustive set of commodities Brandow’s retail consumption model; margins and derived demand, farm level and retail level elasticities; general linear model of agricultural prices, supply response analysis, price index numbers, behavior of farm products prices, and forecasting of prices. (Prerequisites AEC 501, AEC 520)
AEC 531 Econometrics I (3 cr): General linear model; model specification; estimation procedures including generalized least squares, seemingly unrelated regressions, simultaneous equations; emphasis on applications and interpretations of results, multicollinearity, autocorrelation, heteroscedasticity. (Prerequisite STT 505).
AEC 540 Agricultural Development (3 cr): Role of agriculture in economic development; theoretical and policy issues in agricultural development; supply of and demand for agricultural resource and products; population pressure on land; value and use of resources; agricultural
development policy. (Prerequisites AEC 501, AEC 502, AEC 520 and AEC 550).
AEC 542 Financial Management in Agriculture (3 cr): Financial structure and financing sources of agriculture; risk and financial management; economic implications of time in financial analysis; cost of capital, farm growth, leverage, financial risk and liquidity management.
AEC 550 Resource and Environmental Economics (3 cr.): Economics 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 551 Time Series Analysis (3 cr): Time series and stochastic process, approaches in time series analysis; basic concepts in time senes analysis; autocovariance and autocorrelation functions of stochastic models- stationary stochastic process, autocovariance and autocorrelation properties of stationary stochastic process; analysis and modeling of linear stationary processes- the general linear process, autoregressive process, moving average processes; tixed autoregressive- moving average (ARMA) processes; analysis and modeling of linear non-stationary processes: forecasting, modeling of seasonal time series, and multivariate time series analysis (Prerequisites AEC 501, STT 50S, AEC 531)
AEC 596 Reading and Conference (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 597 Special Problems (Credit to be arranged but not more than 3 cr.): Investigation of special problems not related to a thesis problem as assigned by the Major Professor.
AEC 598 Seminar (I cr): Discussion on an assigned topic in the field of agricultural
AEC 599 Thesis Research: (Credit to be arranged but not less than 12 cr.): Original thesis research.
 Note: Students having  CGPA below 3.0 will not be allowed to enroll AEC 596 or AEC 597 until he/she raised the CGPA to 3.00.