X. Degree Programs

Bachelor of Arts (B.A.)

Food, Agricultural and Resource Economics (FARE)

Department of Food, Agricultural and Resource Economics, Ontario Agricultural College

The Food, Agricultural and Resource Economics major addresses the means by which individuals, acting in a society, achieve their wants and desires with respect to food quality and production, environmental quality and resource use, and broader goals as they relate to the food-resource-agriculture interface. This major builds the student’s capacity to address these issues by developing an understanding of economic theory and applied methods in both the Canadian and world context. Beyond the core offering, the major provides the flexibility for students to pursue thematic areas of study, as well as an opportunity to take additional liberal arts courses. In addition, this major provides excellent background for those students planning to undertake graduate work in food, agricultural or resource economics and other fields of applied economics.

Major (Honours Program)

A minimum of 10.00 credits, consisting of the 8.50 credits specified below plus 1.50 credits of restricted electives, is required, including:
ACCT*2220 [0.50] Financial Accounting
AGR*1250 [0.50] Agrifood System Trends & Issues
AGR*2400 [0.50] Economics of the Canadian Food System
FARE*1300 [0.50] Poverty, Food & Hunger
FARE*2410 [0.50] Agrifood Markets and Policy
FARE*2700 [0.50] Survey of Natural Resource Economics
FARE*3030 [0.50] The Firm and Markets
FARE*4000 [0.50] Agricultural and Food Policy
ECON*1050 [0.50] Introductory Microeconomics
ECON*1100 [0.50] Introductory Macroeconomics
ECON*2310 [0.50] Intermediate Microeconomics
ECON*2410 [0.50] Intermediate Macroeconomics
ECON*2740 [0.50] Economic Statistics
ECON*2770 [0.50] Introductory Mathematical Economics
ECON*3740 [0.50] Introduction to Econometrics
One of:
FARE*3170 [0.50] Cost-Benefit Analysis
FARE*4360 [0.50] Marketing Research
FARE*4500 [0.50] Decision Science
One of:
MATH*1000 [0.50] Introductory Calculus
MATH*1080 [0.50] Elements of Calculus I
MATH*1200 [0.50] Calculus I
1.50 additional credits, at least of which 0.50 credits must be at the 4000 level, chosen from the following list of thematic streams with the Food, Agricultural and Resource Economics specialization:
Agri-business Management:
FARE*2050 [0.50] Markets for Molecules
FARE*3400 [0.50] Agribusiness Financial Management
FARE*4220 [0.50] Advanced Agribusiness Management
FARE*4240 [0.50] Futures and Options Markets
FARE*4370 [0.50] Food & Agri Marketing Management
Food and Agricultural Economics:
FARE*2050 [0.50] Markets for Molecules
FARE*4220 [0.50] Advanced Agribusiness Management
FARE*4240 [0.50] Futures and Options Markets
International Agricultural Development Economics:
FARE*3250 [0.50] Food, Nutrition & International Development
FARE*4210 [0.50] World Agriculture and Economic Development
Resource Economics:
FARE*4290 [0.50] Land Economics
FARE*4310 [0.50] Resource Economics

Notes: A student may obtain permission to substitute certain other courses for the ones listed if the substitute courses fit with the students program. Approval from a departmental advisor is required.

Unless taken to satisfy the requirements of another program, no student may receive credit in this program for more than one of the following statistics prerequisites ECON*2740, STAT*2040, STAT*2060, or STAT*2080.

University of Guelph
50 Stone Road East
Guelph, Ontario, N1G 2W1