2006 - 2007
Programs of Study: Undergraduate
UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN


Students pursuing degrees in the Department of Agricultural and Consumer Economics may choose one of nine concentrations. The concentrations are:
  • Agri-Accounting
  • Agribusiness Markets and Management
  • Agri-Finance
  • Farm Management
  • Consumer Economics and Finance
  • Environmental Economics and Policy
  • Individually Planned Curriculum
  • Policy, International Trade and Development
  • Public Policy and Law

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
 
BTW 261–Principles of Technical Comm
 
BTW 263–Writing in the Disciplines
 
RHET 143–Inter Expository Writing
 
RHET 233–Principles of Composition
 
SPCM 220–Communicating Public Policy
  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, MATH 220–Calculus I, or MATH 221–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
6 Selected from campus approved list.

Hours Natural Sciences and Technology
6 Selected from campus approved list.

Hours Social and Behavioral Sciences
6 Selected from campus 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 (for freshmen only)

Hours Department Requirements
35 Minimum Hours in the College of ACES of which 20, excluding ACE 161 and ACE 261, must be in the Department of ACE
6 Minimum of two 400-level courses in ACE
4 ACE 100–Agr Cons and Resource Econ
3 ACCY 201–Accounting & Accountancy I
3 ECON 103–Macroeconomic Principles
3 ECON 302–Intermediate Microeconomic Theory*****
3 One of:
 
ACE 161–Microcomputer Applications
 
CS 105–Introduction to Computing, Non-Tech
3 One policy/international course from:
 
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
 
ECON 422 The European Economics
 
ECON 451 Transition Economics
126 Total Hours required for graduation

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 and managerial accountants.
Hours Required for the Agri-Accounting Concentration in Addition to Department Requirements
3 ACCY 202–Accounting and Accountancy II
4 ACCY 301–Acctg Measurement & Disclosure
4 ACCY 302–Decision Making for Acctg
4 ACCY 303–Acctg Institutions and Regulations
3 ACE 441–Case Studies in Agricultural Accounting and Finance
3 FIN 221–Corporate Finance

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 and other retail products.

Hours Required for the Agribusiness, Markets and Management 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
   
9 Three courses selected from:

 

 

ACE 427-Commodity Price Analysis
ACE 428-Commodity Futures and Concentrations
ACE 430-Food Marketing
ACE 431-Agri-Food Strategic Management
ACE 435-Global Agribusiness Management

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 FIN 221–Corporate Finance
3 FIN 300–Financial Markets
6 Two courses selected from:
 
ACE 441–Case Studies in Agricultural Acctng and Finance
 
ACE 442–Modeling App in Agr Finance
 
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
3 ACE 340–Agricultural Finance
3 ACE 448 Rural Real Estate Appraisal

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
6-7 Two courses selected from:
 
ACE 445–Financial Planning and Counseling
ACE 455–Intl Trade in Food and Agr
ACE 456–Agr and Food Policies
ACE 471–Consumer Economic Policy
 
ECON 440–Econ of Labor Markets
ECON 482–Health Economics
 
FIN 221–Corporate Finance

Environmental and Economics and Policy

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
3 ACE 430–Natural Resource Economics
3 ACE 406–Environmental Law
3-4 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 coherent and customized program of at least 20 hours in agricultural and consumer economics beyond the introductory courses. The plan of study should be developed in consultation with a faculty advisor prior to the sixth semester, and it must be approved no later than the seventh semester.

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 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


*Requirement must be satisfied prior to the fifth semester.
**Students are encouraged to complete this requirement no later than the sixth semester.
***Requirement must be satisfied prior to the fifth semester.
****Students pursuing Agricultural Accounting or Agricultural Finance must select ECON 202 and 203.

Public Policy and Law Concentration

 Students in Public Policy and Law become expert in the economics of public policy in general and in its application to specific areas of interest. This concentration will expose students to the legal and institutional structures in which policies are developed, the analysis of the economics impacts of policies, and special circumstances of public policy and law pertaining to the environment, consumers, the agricultural sector, international relations, and other.

Hours

Required for the Public Policy and Law Concentration in Addition to Department Requirements

3 PS 220 – Intro to Public Policy

3 ECON 411 – Public Sector Economics
3 One course selected from

 

ACE 210 – Environmental Economics
ACE 251 – The World Food Economy
ACE 255 – ECON of Rural Poverty and Dev
ACE 270 – Consumer Economics
3 One course selected from:

 

ACE 403 – Agricultural Law
ACE 406 – Environmental Law
ECON 484 – Law and Economics
9 Three courses selected from:

 

ACE 310 – Natural Resource Economics
ACE 403 – Agricultural Law
ACE 406 – Environmental Law
ACE 411 – Environment and Development
ACE 451 – Agriculture in Intl Dev
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 Economics Policy
ACE 474 – Econ of Consumption
ACE 476 – Family Economics

Minor in Environmental Economics and Law

The minor in environmental economics and law is designed to provide students with basic skills in economic and legal analysis, and to teach them how to apply those tools to environmental problems. Students will emerge from this minor with in-depth knowledge about issues related to environmental protection and natural resource management and possibly sustainable development or land-use planning. There are no prerequisites for this minor.

Hours Required for the Environmental Economics and Law Minor
3 ACE/ECON/ENVS/NRES/UP 210–Environmental Economies
3 ACE/ENVS/NRES 310–Natural Resource Economics
3 ACE 406–Environmental Law
3-4 One course selected from:
 
ACE 100–Agr Cons and Resource Econ
ECON 102–Microeconomics
3 One course selected from:
 
ACE 403–Agricultural Law
BADM 300–The Legal Environment of Bus
UP 108–Planning Policy and Law
3 One course selected from:
 
ACE 411–Environment and Development
ECON 414–Urban Economics
ECON 484–Law and Economics

A minimum of 18 hours must be completed for this minor. Courses in the minor cannot be completed Credit/No Credit.

Enrollment in the Environmental Economics and Law minor is not available to students enrolled in the Environmental and Natural Resource Management option of the Department of ACE or in the Human Dimensions option of the Department of Natural Resources and Environmental Sciences.