Programs of Study Spring 2005 illinois home
 

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 concentrations. The majors and the associated concentrations are:

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 SPCM 101–Public Speaking

Hours Advanced Composition
3 One of:
 
BTW 250–Principles of Bus Comm
 
RHET 143–Inter Expository Writing
 
RHET 233–Principles of Composition
  Foreign Language: Coursework at or above the third level is required for graduation.

Hours Quantitative Reasoning I
3 MATH 124–Finite Mathematics
4-5 MATH 234–Calculus for Business I or MATH 220–Calculus I

Hours Quantitative Reasoning II
4-6 ACE 261–Applied Statistical Methods or ECON 202–Economics Statistics I and ECON 203–Economics Statistics II

Hours Humanities and the Arts
9 Selected from campus approved list.

Hours Natural Sciences and Technology
3 Selected from campus approved list.
3 Select one from:
 
ACE 283/NRES 283--Intro to Fibers and Textiles
 
CHEM 102 and 103–General Chemistry I and General Chemistry Lab I
 
GEOL 101–Introduction to Physical Geology or GEOL 107–General Geology I
 
IB 101–Biological Sciences
 
IB 103–Introduction to Plant Biology
 
MCB 100 and 101–Introductory Microbiology and Intro Microbiology Laboratory
 
MCB 103–Intro to Human Physiology
 
PHYS 101–College Physics, Mech & Heat

Hours Social and Behavioral Sciences
3 ECON 103–Macroeconomic Principles
12 Selected from approved list.

Hours Cultural Studies
6 Select one course from Western culture and one from non-Western/U.S. minority culture from campus approved list.

Hours Aces Prescribed
2 ACES 100–Contemporary Issues in ACES

Hours Department Requirements
35 Minimum Hours in the College of ACES of which 20, excluding 161 and 261, must be in ACE
6 Minimum of two 300-level courses in ACE
4 ACE 100–Agr Cons and Resource Econ
3 ACCY 201–Accounting & Accountancy I
3 One of:
 
ACE 161–Microcomputer Applications
 
CS 105–Introduction to Computing, Non-Tech
3 One policy/international course from:
 
ACE 251–The World Food Economy
 
ACE 254--Economic Systems in Africa
 
ACE 255–Econ of Rural Poverty and Dev
 
ACE 387–Textiles in the Global Economy
 
ACE 435--Global Agribusiness Management
 
ACE 451–Agriculture in Intl Dev
 
ACE 452--The Latin American Economies
 
ACE 453–Econ Dev in S and SE Asia
 
ACE 454–Econ Dev of Tropical Africa
 
ACE 455–Intl Trade in Food and Agr
 
ACE 456–Agr and Food Policies
 
ACE 471–Consumer Economic Policy
 
ACE 486–Business and Public Policy
126 Total Hours required for graduation


Major In Agribusiness, Farm and Financial Management

For the Degree of Bachelor of Science with a Major in Agribusiness, Farm and Financial Management

Agri-Accounting Concentration
Agri-Finance Concentration
Farm Management Concentration
Agribusiness Markets and Management Concentration

Agri-Accounting Concentration

Students in Agri-Accounting complete a comprehensive program that enables them to apply accounting principles in production, processing, or retailing sectors in agribusiness industries. Graduates find professional opportunities as consultants, managerial accountants, or financial analysts. Students who complete additional and elective coursework in accounting are prepared for the Certified Management Accountant (CMA) examination or the Certified Public Accountant (CPA) examination.

Hours Required for the Agri-Accounting Concentration in Addition to Department Requirements
3 ACCY 202–Accounting and Accountancy II
4 ACCY 301–Atg Measurement & Disclosure
3 ACCY 302–Decision Making for Atg
3 ACCY 303–Atg Institutions and Regulations
3 ECON 302--Inter Microeconomic Theory
3 FIN 221--Corporate Finance

Agri-Finance Concentration

Students in Agri-Finance study finance as used in agribusiness, farming, financial institutions, and more broadly, in the financial services industry. In addition to positions as loan officers in banks and other lending institutions, recent graduates are working in trust and other banking operations, investments and securities firms, rural appraisals, financial management, financial planning, insurance, real estate, and related fields.

Hours Required for the Agri-Finance Concentration in Addition to Department Requirements
3 ACE 340–Agricultural Finance
3 ACCY 202–Accounting and Accountancy II
3 ECON 302--Inter Microeconomic Theory or ECON 303--Inter Macroeconomic Theory
3 FIN 221–Corporate Finance
3 FIN 300–Financial Markets
3 Two courses selected from:
 
ACE 442--Modeling App in Agr Finance or ACE 443–Inter Agriculture Finance
 
FIN 311–Investments
 
FIN 461–Financial Intermediation

Farm Management Concentration

Students in Farm Management study the principles of economics, finance, risk and the decision-making process - all central to the successful management of a farm enterprise. Students develop skills to combine and manage land, labor, and capital resources for a competitive return. Also, students may learn how to appraise farmland and other assets. Farm (and other asset) appraisal is a growing part of professional farm management and can be pursued as a profession in itself.

Hours Required for the Farm Management Concentration in Addition to Department Requirements
3 ACE 222–Agricultural Marketing
3-4 ACE 232–Management of Farm Enterprises
3 ACE 332–Farm Management or ACE 448--Rural Real Estate Appraisal
3 ACE 340–Agricultural Finance
3 ECON 302--Inter Microeconomic Theory or ECON 303--Inter Macroeconomic Theory

Agribusiness Markets and Management Concentration

Students in Agribusiness Markets and Management obtain management skills; strategy development and implementation; and an awareness of the interaction among agricultural technology, supply, distribution, processing, and marketing firms in the business environment. Graduates are prepared for entry-level management, sales and marketing, and technical analyst positions, and are sought by firms involved in the production, marketing, sales, and financing of farm inputs, agricultural commodities, and food products.

Hours Required for the Food and Agribusiness Concentration in Addition to Department Requirements
3 ACE 222--Agricultural Marketing
3 ACE 231–Food and Agribusiness Mgt
3 ACCY 202–Accounting and Accountancy II
3 ECON 302--Inter Microeconomic Theory or ECON 303--Inter Macroeconomic Theory
3 One of:
 
ACE 328--Commodity Futures and Concentrations
 
ACE 427--Commodity Price Analysis
 
ACE 430--Food Marketing
 
ACE 431--Agri-Food Strategic Management
 
ACE 435--Global Agribusiness Management

Major in Consumer and Textile Marketing

Students in Consumer and Textile Marketing gain a thorough background in marketing with applications to the textile sector of the economy. Coursework encompasses the entire business process with emphasis on the consumer and on relationships among production systems, distribution systems, and consumer issues. Graduates are prepared for positions in marketing research, retail management, product development, merchandising, and customer relations. Employment opportunities are also found in textile manufacturing, wholesaling, and retailing.

Hours Required for the Consumer and Textile Marketing Major in Addition to Department Requirements
3 ACCY 202--Accounting and Accountancy, II
3 ACE 182–Issues in Textile Marketing
3 ACE 334–Retail Market Analysis
3 ACE 387–Textiles in the Global Economy
3 ACE 486–Business and Public Policy or ACE 487--Consumers in the Marketplace
3 BADM 310--Mgmt and Organization Beh or BADM 321–Principles of Retailing
3 BADM 320–Principles of Marketing
3 ECON 302--Inter Microeconomic Theory or ECON 303--Inter Macroeconomic Theory

Major in International, Resource and Consumer Economics

For the Degree of Bachelor of Science with a Major in International, Resource and Consumer Economics

Consumer Economics and Finance Concentration
Environmental and Natural Resource Management Concentration
Individually Planned Curriculum Concentration
Policy, International Trade and Development Concentration

Consumer Economics and Finance Concentration

Students in Consumer Economics and Finance develop knowledge and skills to help consumers with everyday problems. Coursework in consumer economics, personal finance, and economics gives students a broad-based background and an understanding of the role of consumers in the marketplace. Students can choose an emphasis in consumer economics, family economics, or financial planning and counseling, which leads to career opportunities with government and public agencies, marketing and sales firms, and financial institutions.

Hours Required for the Consumer Economics and Finance Concentration in Addition to Department Requirements
3 ACE 245–Personal Finance
3 ACE 270–Consumer Economics
3 ACE 474–Econ of Consumption
3 ACE 476–Family Economics
3 ECON 302--Inter Economic Theory or ECON 303--Inter Macroeconomic Theory
6 Two courses selection from:
 
ACE 455–Intl Trade in Food and Agr, ACE 456--Agr and Food Policies, or ACE 471–Consumer Economic Policy
 
ECON 440--Econ of Labor Markets or ECON 482--Health Economics
 
FIN 221–Corporate Finance

Environmental and Natural Resource Management Concentration

Students in Environmental and Natural Resource Management study environmental and resource management issues at the local, state, national, and international levels. Graduates are prepared for positions in governmental, environmental, and resource management agencies; interest groups; and the environmental area of private firms. Course concentrations include law, policy, management, administration, quantitative methods, and sociology, as well as economics.

Hours Required for the Environmental and Natural Resource Management Concentration in Addition to Department Requirements
3 ACE 210–Environmental Economics
2 ACE 302--Inter Microeconomic
3 ACE 310–Natural Resource Economics
3 ACE 406–Environmental Law
2 ACE 411--Environment and Development

Individually Planned Curriculum Concentration

Students in the Individually Planned Curriculum work with their faculty advisors to design a personal program of study. This concentration is a customized program of 20 hours in agricultural and consumer economics beyond the introductory courses.

Hours Required for the Individually Planned Curricula in Addition to Department Requirements
3 ECON 302--Inter Microeconomic Theory or ECON 303--Inter Macroeconomic Theory

Policy, International Trade and Development Concentration

Students in Policy, International Trade, and Development enjoy a broad exposure to policy, international trade, and agricultural development from an economics perspective. The concentration provides a global and societal perspective ideally suited for exploring studies in administration, government, policy analysis, social processes, and international economics. Graduates are prepared for positions in firms with international business; in federal or state government agencies dealing with policy, trade, or development; in trade organizations; and in public interest groups.

Hours Required for the Policy, International Trade and Development Concentration in Addition to Department Requirements
3 ACE 251–The World Food Economy
3 ACE 411--Environment and Development or ACE 451–Agriculture in Intl Dev
3 ACE 455–Intl Trade in Food and Agr
3 ACE 456–Agr and Food Policies
3 ECON 302--Inter Microeconomic Theory
3 One course selected from:
 
ACE 453–Econ Dev in S and SE Asia
 
ACE 454–Econ Dev of Tropical Africa
 
ECON 351–Economic Development in Japan
 
ECON 356–The Economy of China
 
ECON 422–The European Economies
 
ECON 452--The Latin American Economies