The Agricultural & Resource Economics Master of Science (MS) - Applied Econometrics and Data Analytics degree requires 30 units of approved graduate courses. This sub-plan allows students to develop practical skills needed for private and public sector jobs requiring statistical analysis of economic and business data, forecasting, and other quantitative applications.
The AREC Department offers a program leading to the Master of Science degree with a major in Agricultural and Resource Economics. A broad spectrum of agricultural economics subject matter is presented, with emphasis in natural resources, international business, and agribusiness. The Master's program provides training in the theory and methods of applied agricultural and resource economics. Graduating students are qualified for positions in the private sector with agribusiness, financial, farm management, and consulting firms, and in state and federal government agencies. Some students choose to follow the master's degree with enrollment in a Ph.D. program, either at the University of Arizona or elsewhere. Many AREC graduates have excelled in premier doctoral programs throughout the United States.
Recommended Minimum GRE Quantitative score of 70th percentile or higher.
International students (of non-English speaking countries):
Minimum TOEFL (Paper-based) Score: 550
Minimum TOEFL (Internet-based) Score: 80
Minimum IELTS (overall band score): 7
A majority of students in the M.S. program receive financial assistance, usually in the form of research and teaching assistantships. In view of the reasonable cost of living in Tucson, the real income offered by these stipends is relatively high and covers basic costs of living. The assistantships also carry waivers of out-of-state tuition and health insurance (exclusive of dental and vision). All applicants are reviewed for possible assistantships on a competitive basis.
A small number of in-state tuition waivers are available to students with a GPA above 3.4.
Several scholarships are available for academically qualified students. Frequently, a student not awarded an assistantship may be employed by the Department to aid in research work. Students who do not receive assistantships may also hold part-time jobs in other departments or jobs outside the University.
General program requirements
In most cases, the master's program requires three or four semesters of coursework. Students complete a 12-credit core requirement including two courses in economic theory and two courses in econometrics. All M.S. students are required to take an intensive three-week review course in mathematics (AREC 580) before the start of the fall semester.
Students may select remaining coursework according to their interests. To add depth to their program, students are encouraged (but not required) to focus their efforts in an area of specialization. Students choose specific courses in consultation with their advisor or Director of Graduate Studies.
Thesis options and examinations
Students pursue a research or non-research option after discussion with their faculty advisor. Under the research option, students traditionally write a thesis and take up to six units of research credit. As an alternative, students may complete three research units and write a technical paper. This paper may include one chapter of a thesis, with a detailed outline of remaining chapters, or be a lay or extension publication. Students pursuing the technical paper or non-research option are required to complete additional coursework.
All M.S. candidates must pass a final oral examination. The exam will focus on the student's thesis, technical paper, or coursework, depending on the student's program of study. In the event of failure, students may repeat the oral examination once.
Students are required to earn a 3.0 (B) grade or better in each of their core courses and a 3.0 (B) average GPA in all graduate coursework. Students failing to maintain a 3.0 grade average will be placed on academic probation and possibly dropped from the program. If this occurs, the student must petition the Graduate Advisory Committee for permission to re-enter the program.
AREC 504 Production Economics (3 units)
AREC 513 Consumption Economics & Price Analysis (3 units)
AREC 548 Introduction to Statistical Methods in Economics (4 units)
AREC 549 Applied Econometrics (3 units)
AREC 580 Math for Economists (2 units)
There are no language requirements for this degree.
A minor is not required for the Agricultural and Resource Economics Master of Science degree program, though some students may choose to pursue a minor in another program of study at the University of Arizona. Adding a minor to their program will require additional coursework and may require additional time to complete their degree. Students interested in a minor should discuss this option with their advisor or the Graduate Coordinator.