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Programs of Study, 1997-1999
University of Illinois at Urbana-Champaign
Department of Agricultural and Consumer Economics
332 Mumford Hall
1301 West Gregory
Urbana, IL 61801
(217) 333-1810
Students pursuing degrees in the Department of Agricultural and Consumer Economics may choose one of three majors, each of which includes several program options. The majors and the associated options are:
——Agribusiness, farm and financial management with options in agri-accounting, agri-finance, farm management, and in food and agribusiness management;
——Commodity, food and textile marketing with options in consumer and textile marketing and in markets and price analysis; and
——International, resource and consumer economics with options in consumer economics and finance; environmental and natural resource management; individually planned curriculum; and in policy, international trade and development.
PRESCRIBED COURSES INCLUDING CAMPUS GENERAL EDUCATION
|
HOURS |
COMPOSITION I AND SPEECH |
|
4 |
RHET 105-Principles of Composition or equivalent (see college Composition I requirement) |
|
3 |
SPCOM 101-Principles of Effective Speaking |
|
HOURS |
COMPOSITION II |
|
3 |
|
|
HOURS |
QUANTITATIVE REASONING I |
|
3 |
MATH 124-Finite Mathematics |
|
4-5 |
MATH 134-Calculus for Social Scientists I or MATH 120-Calculus and Analytic Geometry I |
|
4-6 |
ACE 261-Statistics for Agricultural and Consumer Economics or ECON 172-Economic Statistics I and ECON 173-Economics Statistics II |
|
HOURS |
HUMANITIES |
|
9 |
Selected from campus approved list |
|
HOURS |
NATURAL SCIENCES |
|
6 |
Selected from campus approved list. |
|
HOURS |
SOCIAL SCIENCES |
|
3 |
ECON 103-Macroeconomic Principles |
|
3 |
ECON 300-Intermediate Microeconomic Theory or ECON 301-Intermediate Macroeconomic theory |
|
12 |
Selected from approved list |
|
HOURS |
CULTURAL STUDIES |
|
6 |
Select from campus approved list: One course from western culture and one non-western/U.S. minority culture course |
|
HOURS |
ACES PRESCRIBED |
|
2 |
ACES 100-Contemporary Issues in Agricultural, Consumer and Environmental Sciences |
|
HOURS |
DEPARTMENT REQUIREMENTS |
|
35 |
Minimum hours in the College of ACES of which 20, excluding 161 and 261, must be in ACE |
|
2 |
Minimum of 300-level courses in ACE |
|
4 |
ACE 100-Economics of Resources, Agriculture and Food |
|
3 |
ACCY 201-Principles of Accounting I |
|
3 |
|
|
3 |
|
|
126 |
126 Total hours required for graduation |
MAJOR IN AGRIBUSINESS, FARM AND FINANCIAL MANAGEMENT
For the Degree of Bachelor of Science in Agribusiness, Farm and Financial Management
Agri-Accounting Option
Students in this option complete a comprehensive program that enables them to apply
accounting and business management principles to the production, processing or retailing
firms in the agribusiness sector. Opportunities are found as consultants, managerial
accountants or financial analysts in firms in the agribusiness sector. Students who
choose additional accounting courses as electives are prepared for the Certified
Management Accountant (CMA) examination or the Certified Public Accountant (CPA)
examination.
|
HOURS |
REQUIRED FOR THE AGRI-ACCOUNTING OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACCY 202-Principles of Accounting II |
|
3 |
ACCY 211-Intermediate Accounting I |
|
3 |
ACCY 221-Cost Accounting |
|
3 |
ACCY 311-Intermediate Accounting II |
|
3 |
ACE 243-Agricultural Finance |
Agri-Finance Option
Students in this option study finance as used in agribusiness, farming, financial
institutions, and more broadly, in the financial services industry. Banks and other
lending institutions such as the Farm Credit System seek graduates to serve as loan
officers, trust account managers, and for other banking operations. Opportunities
are also found in positions in securities, financial planning, insurance, and real
estate firms, as well as in the financial management of agribusiness firms.
|
HOURS |
REQUIRED FOR THE AGRI-FINANCE OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACE 243-Agricultural Finance |
|
3 |
ACE 199F-Agribusiness Finance |
|
3 |
ACCY 202-Principles of Accounting II |
|
3 |
FIN 254-Corporate Finance |
|
3 |
FIN 300-Financial Markets |
|
3 |
|
Farm Management Option
Students in this option study the principles of economics, finance, risk, and the
decision-making process as applied to the management of a farm enterprise. They develop
skills necessary to combine and manage labor, land, and capital resources for a competitive
return. Students prepare for carers as a farm owner, tenant or employee; as a professional
farm manager for off-site owners; or as an appraiser, which requires additional course
work for certification.
|
HOURS |
REQUIRED FOR THE FARM MANAGEMENT OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACE 222-Marketing Commodity and Food Products |
|
3-4 |
ACE 232-Management of Farm Enterprises |
|
3 |
ACE 243-Agricultural Finance |
|
6 |
|
Food and Agribusiness Management Option
Students in this option study the principles, tools, and techniques of managing firms
in the agri-food system. They develop skills in management functions, strategy development
and implementation, and awareness of the interaction between agricultural technology,
supply, distribution, processing and marketing firms, and the business environment.
Graduates begin their careers as management trainees, sales and marketing representatives,
technical analysts, or in a specialty area such as marketing, procurement or finance,
in organizations involved in the production, marketing, sales, and financing of agricultural
inputs, commodities, food ingredients, and food products. Joint programs are available
with the Departments of Food Science and Human Nutrition (food processing), Natural
Resource and Environmental Sciences (horticulture management), Crop Sciences, and
Business Administration.
|
HOURS |
REQUIRED FOR THE FOOD AND AGRIBUSINESS MANAGEMENT OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACE 231-Food and Agribusiness Management |
|
3 |
ACE 233-Agribusiness Market Planning |
|
3 |
ACE 331-Strategic Management in Food and Agribusiness |
|
3 |
ACCY 202-Principles of Accounting II |
|
3 |
AGCOM 270-Agricultural Sales Communications |
|
3 |
|
MAJOR
IN COMMODITY, FOOD AND TEXTILE MARKETING
For the Degree Bachelor of Science in Commodity, Food and Textile Marketing
Consumer and Textile Marketing Option
Students in this option study marketing with applications to the textile sector of
the economy. Relationships between production systems, distribution systems, and
consumer issues are emphasized. Graduates are prepared for positions in marketing
research, retail management, product development, merchandising and customer relations.
Opportunities are found in textile manufacturing, wholesaling, and retailing as well
as in auxiliary industries and firms providing advisory services.
|
HOURS |
REQUIRED FOR THE CONSUMER AND TEXTILE MARKETING OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACE 182-Consumer Issues in Textile Marketing |
|
3 |
ACE 287-Textiles in the Global Economy |
|
3 |
ACE 288-Retail Market Analysis |
|
3 |
ACE 386-Public Policy and the Textile Industry |
|
3 |
B ADM 202-Principles of Marketing |
|
3 |
B ADM 212-Principles of Retailing |
Markets and Price Analysis Option
Students in this option study the marketing, pricing and distribution of production
inputs and services used by farmers; the marketing and pricing of grain and feed,
livestock, and livestock products; and the marketing and pricing of processed food
and fiber to consumers. Students may focus on the commodities futures markets. Graduates
may work for a commodity firm as grain merchandisers, for a commodity exchange, or
with member firms trading commodities. Others find opportunities in marketing positions
with seed, fertilizer, chemical, food processing and distribution, or machinery firms.
|
HOURS |
REQUIRED FOR THE MARKETS AND PRICE ANALYSIS OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACE 222-Marketing Commodity and Food Products |
|
3 |
ACE 327-Commodity Price Analysis |
|
10-11 |
|
MAJOR
IN INTERNATIONAL, RESOURCE AND CONSUMER ECONOMICS
For the Degree of Bachelor of Science in International, Resource and Consumer Economics
Consumer Economics and Finance Option
Students in this option study consumer economics, personal finance, and economics
to understand the role of consumers in the market place. Students may emphasize consumer
economics, family economics, or financial planning and counseling. Emphasis in consumer
economics leads to careers in consumer affairs, consumer policy, consumer investigation
and mediation, marketing and sales. Emphasis in family economics prepares students
for positions in government and public agencies. Financial planning and counseling
students find positions in the financial services industry such as a planner, counselor,
insurance agent, realtor or stockbroker.
|
HOURS |
REQUIRED FOR THE CONSUMER ECONOMICS AND FINANCE OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACE 245-Personal Finance |
|
3 |
ACE 270-Consumer Economics |
|
3 |
ACE 370-Family Economics |
|
3 |
ACE 374-Economics of Consumption |
|
6 |
|
Environmental and Natural Resource Management Option
Students in this option study economics, law, policy, management, administration, and quantitative methods important in addressing problems related to the quality of the environment and the management of natural resources. Students find positions in government, industry, consulting firms, public interest groups, and resource management agencies such as the Bureau of Land Management. They also find opportunities as analysts, consultants, lobbyists, advocates, and managers.
|
HOURS |
REQUIRED FOR THE ENVIRONMENTAL AND NATURAL RESOURCE MANAGEMENT OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACE 210-Economics of the Environment |
|
3 |
ACE 306-Environmental Law |
|
3 |
ACE 310-Intermediate Natural Resource Economics |
|
2 |
ACE 319-Regional Environmental Management Simulation |
Individually Planned Curriculum Option
Students choosing this option have the flexibility to tailor a program to suit their
interests. Students may choose to study an issue in great depth or to explore a wide
range of interests. The option can be used to prepare for graduate school or a professional
degree program such as the M.B.A. or law.
In addition to meeting department requirements, students pursuing the individually planned curriculum option must consult with their adviser to choose courses which will provide depth and quality of exposure to their individually identified topic.
Policy, International Trade and Development Option
Students in this option study what government policies are, why they are implemented,
and whom they affect. Public sector institutions in developed and developing countries
are examined in detail. The role of international trade and trade policy in economic
performance is considered. Graduates are prepared for positions in firms with international
business; in federal or state government agencies dealing with policy, trade, or
development; in consumer and producer groups; in trade organizations; and in public
interest groups.
|
HOURS |
REQUIRED FOR THE POLICY, INTERNATIONAL TRADE AND DEVELOPMENT OPTION IN ADDITION TO DEPARTMENT REQUIREMENTS |
|
3 |
ACE 251-The World Food Economy |
|
3 |
ACE 351-Economics of International Development |
|
3 |
ACE 355-International Trade in Food and Agriculture |
|
3 |
ACE 356-Agricultural and Food Policies and Programs |
|
3 |
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