Students in the Agricultural and Resource Economics (AREC) Master of Science degree program have a choice between a thesis option with Applied Economics and Policy Analysis (AEPA) and a non-thesis option with Applied Econometrics and Data Analytics (AEDA). The current curriculum requirements for the AREC Master of Science Degree programs can be found at http://grad.arizona.edu/programs/programinfo/ARECMSAEPA and http://grad.arizona.edu/programs/programinfo/ARECMSAEDA, we do not accept applications under the general Agricultural and Resource Economics Master of Science program, one of the two options above must be decided at the time of application.
The AREC Department offers a program leading to the Master of Science degree with a major in Agricultural & 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. We also offer an Agricultural & Resource Economics minor for PhD seeking students. We have a strong and consistent history of Peace Corps Fellows in our Master's program and we proudly invite all Returning Peace Corps Volunteers to apply for this graduate program. Interested in a Peace Corps Fellowship? See https://grad.arizona.edu/peacecorps/welcome for more information
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 16-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 (July-August).
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 and examinations
Students with our Applied Economics and Policy Analysis (AEPA) program will complete a thesis, students in the Applied Econometrics and Data Analytics (AEDA) program are not required to complete a thesis. Under AEPA, students write a thesis and take a minimum of six thesis units after completing the core courses. With the second option AEDA, students complete the core course requirements, as well as graduate level electives with the permission of the AREC Director of Graduate Studies.
All M.S. candidates must pass a final oral examination or thesis defense. The exam will focus on coursework completed in the program, 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)
AREC 559 Advanced Applied Econometrics (4 units) Required for AEDA only
AREC 596A AREC Seminar (1 unit)
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.