Applied Economics and Management

2014-15 Tuition

Research degree: $20,800; professional degree: $47,050

Application deadlines

Fall, Dec. 15; MPS in Aguriculture and Life Sciences with a concentration in Applied Behavioral Economics and Individual Choice: Rolling decisions

Requirements summary

Degrees

  • M.P.S.
  • M.S.
  • Ph.D.

Subjects

  • Agricultural Economics (M.S., Ph.D.)
  • Agriculture and Life Sciences (M.P.S.)
  • Resource Economics (M.S., Ph.D.)

Major concentrations

  • applied behavioral economics and individual choice
  • Environmental, Energy and Resource Economics
  • Food and Agricultural Economics
  • Management
  • marketing and food distribution

The M.S. and Ph.D. programs are research oriented, and each requires a thesis or dissertation. Students are normally expected to obtain the M.S. or equivalent degree before entering the Ph.D. program. The Ph.D. student must take at least one minor in another field, such as Economics. The Master of Professional Studies (Agriculture) is a terminal degree for persons with experience who want additional training pertinent to their profession. In addition, the M.P.S. (Agriculture and Life Sciences) program has a Peace Corp option in which the student undertakes two semesters of academic work at Cornell and a Peace Corp assignment. For more information and instruction on how to apply, visit the M.P.S. (Agriculture and Life Sciences)/Peace Corps Web site, or contact International Programs, 252 Emerson Hall, Ithaca, NY 14853; phone 607-255-3037; email mpsag_peacecorps@cornell.edu.

If you are applying for the MPS degree in Applied Behavioral Economics and Individual Choice, your application will be reviewed on a rolling basis, with decisions made by February 15th for any application received before December 15th, and within eight weeks of submission for any application received after December 15th. For additional information, please visit the fields website.

Those interested in this field may also want to investigate the related fields listed under Economics in "Opportunities for Study" in the Graduate School Catalog.

Application:

An undergraduate major in agricultural economics is not required for admission, but a lack of intermediate-level economics is a deficiency that will lengthen the student's program. First-year calculus is also important for Ph.D.-level work. Applicants must submit GRE general test scores.

Christopher Barrett -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Research interests: agricultural, development, environmental, resource, and international economics
Arnab Basu -- Concentrations: Research interests:
Arnab Basu -- Concentrations: Research interests: Development Economics, International Trade and Labor Economics
Antonio Bento -- Concentrations: Environmental, Energy and Resource Economics; Research interests: environmental economics; energy economics; land use; climate change
James Berry -- Concentrations: Research interests: development economics and labor economics
Garrick Blalock -- Concentrations: Management; Research interests: economics of development; public policy analysis
Vicki Bogan -- Concentrations: Management; Research interests: financial economics; behavioral finance; and applied microeconomics
Ho Yan (Nancy) Chau -- Concentrations: Research interests: international economics; economics of development; public policy analysis
Howard Chong -- Concentrations: Research interests: environmental economics; energy economics; residential engergy policy
Ralph Christy -- Concentrations: marketing and food distribution; Research interests: economics of development; marketing and food distribution; public policy analysis
Jon Conrad -- Concentrations: Environmental, Energy and Resource Economics; Research interests: applied econometrics and quantitative analysis; resource economics; environmental economics
Harry De Gorter -- Concentrations: Food and Agricultural Economics; Research interests: griculture and trade policy; applied welfare economics; political economy
Carla Gomes -- Concentrations: Management; Research interests: applied economics and quantitative analysis
Miguel Gomez -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Research interests: marketing; applied industrial organization
Stuart Hart -- Concentrations: Research interests: sustainable innovation; base of the pyramid; environmental management
David Just -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Research interests: risk; uncertainty; behavioral anomalies; information
Harry Kaiser -- Concentrations: Food and Agricultural Economics; Research interests: marketing and food distribution; public policy analysis
Sanjiv (Ravi) Kanbur -- Concentrations: Research interests: public economics; economics of development; agricultural economics
Wayne Knoblauch -- Concentrations: Food and Agricultural Economics; Research interests: farm management and production economics
Steven Kyle -- Concentrations: marketing and food distribution; Research interests: economics of development; public policy analysis; international, resource, and environmental economics
David Lee -- Concentrations: marketing and food distribution; Environmental, Energy and Resource Economics; Research interests: public policy analysis; applied econometrics and quantitative analysis; marketing and food distribution
Aija Leiponen -- Concentrations: marketing and food distribution; Management; Research interests: economics of technology and innovation; organizational economics
William Lesser -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Management; Research interests: technology transfer; intellectual property rights; marketing and food distribution; public policy analysis
Shanjun Li -- Concentrations: marketing and food distribution; Environmental, Energy and Resource Economics; Research interests: environmental and energy economics; empirical industrial organization; applied microeconomics
Jurate Liaukonyte -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Management; Research interests: advertising; quantitative marketing; empirical industrial organization
Edith Liu -- Concentrations: Management; Research interests: international finance and macroeconomics; asset pricing; portfolio investment
Edward McLaughlin -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Management; Research interests: marketing and food distribution
David Ng -- Concentrations: Management; Research interests: empirical asset pricing; international finance
Andrew Novakovic -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Research interests: marketing and food distribution; public policy analysis
Prabhu Pingali -- Concentrations: Food and Agricultural Economics; Environmental, Energy and Resource Economics; Research interests: International Agricultural Development; Food and Nutrition Policy; Rural Poverty Reduction
Sharon Poczter -- Concentrations: Management; Research interests: emerging markets; financial economics, and industrial organization and competitiveness
Gregory Poe -- Concentrations: Environmental, Energy and Resource Economics; Research interests: environmental economics; resource economics; public policy analysis; water resources
Eswar Prasad -- Concentrations: Research interests: international finance; open economy; macroeconomics of China and India
Bradley Rickard -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Research interests: horticulture marketing; food policy
David Sahn -- Concentrations: Research interests: applied econometrics and quantitative analysis; economics of development; public policy analysis
Todd Schmit -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Research interests: agricultural marketing and management; agribusiness development; biofuels renewable energy
William Schulze -- Concentrations: Environmental, Energy and Resource Economics; Research interests: public policy analysis; resource economics; environmental economics; experimental and behavioral economics
Deborah Streeter -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Management; Research interests: entrepreneurship; small business management
Loren Tauer -- Concentrations: Food and Agricultural Economics; Management; Research interests: agricultural finance; farm management and production economics; public policy analysis
Calum Turvey -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Management; Research interests: agricultural finance; risk management; agricultural and food policy
Henry Wan Jr. -- Concentrations: Research interests: economics of development; resource economics; environmental economics
Brian Wansink -- Concentrations: marketing and food distribution; Food and Agricultural Economics; Research interests: food marketing; consumer behavior; food psychology
Joshua Woodard -- Concentrations: Food and Agricultural Economics; Management; Research interests: agribusiness; finance; risk management; derivatives; insurance; production economics; banking; credit risk; futures and options

Graduate School Professors (emeritus)

Richard Boisvert -- Concentrations: Food and Agricultural Economics; Environmental, Energy and Resource Economics; Research interests: applied econometrics and quantitative analysis; public policy analysis; resource and environmental economics
Timothy D. Mount -- Concentrations: Environmental, Energy and Resource Economics; Research interests: applied econometrics; energy and environmental economics
Per Pinstrup-Andersen -- Concentrations: Food and Agricultural Economics; Research interests: food and nutrition policy; globalization and poverty; agricultural research and technology policy
Erik Thorbecke -- Concentrations: Research interests: economics of development; international economics and globalization
William Tomek -- Concentrations: marketing and food distribution; Research interests: agricultural commodity markets and prices, including markets for futures and options contracts

Learning Goals

The crucial outcome of graduate study in the Dyson School of Applied Economics and Management is the identification, conceptualization, resolution of, and recommendations for important economic problems of a local, regional, national and global nature. The distinction between the study of economics and applied economics is the central focus on world class applied works. To this end the Dyson graduate student is trained in a problem centric environment to examine issues from an economic point of view, generating hypotheses based on economic principles, and empirically testing these hypotheses. The key learning objective is to create lifelong learners and independent thinkers with a toolkit of sufficient sophistication to adapt to problems as they arise. At the MS level, we seek sufficient rigor in thesis research as a transitional phase to doctoral research or employment in the private or public sectors. At the doctoral level we seek the highest quality of research with the aim of publishing research in high quality journals and making sure that our students can be placed in leading academic departments.

Proficiencies

The Dyson School has high expectations of its MS and PhD candidates. Our students are expected to demonstrate mastery of knowledge in the field of economics and applied economics, and to synthesize and create knowledge by making original and substantial contributions to the broader fields of applied economics, centrally focused, but by no means limited to, agricultural economics, development economics, energy economics, resource and environmental economics, financial economics, business strategy, and economic policy.

Proficiencies that are required to be demonstrated by the candidate:

1)     Make an original and substantial contribution to the discipline:

  • Show your ability of independent thinking and creativity
  • Identify new research opportunities in field

2)     The ability to acquire and communicate advanced research skills

  • Bring together existing knowledge, identify, and seek out resources,   information
  • Evaluate and apply your own research findings as well as those of othersApply research findings as appropriate
  • Master and/or innovate research methodologies, and techniques
  • Master communication skills for oral and written information exchange

3)     A commitment to advancing scholarship

  • Maintain familiarity with advances in the field
  • Engage and communicate findings via professional publications, participation in professional societies, research seminars and other modes of communication
  • Support learning—through teaching, collaborative inquiry, mentoring, or demonstration

4)     Demonstrate professional skills

  • Advance ethical standards in the field
  • Listen, give, and receive feedback effectively.


Assessment of Learning Outcomes

In recent years there have been several structural changes to our PhD program. The purpose of these changes was to streamline ‘applied economics’ with core theory in economics.

  1. The AEM applied microeconomics core is taught in the first year.    This core sequence ensures that students going forward have sufficient principles training in production economics, markets and prices, applied game theory, industrial organization, partial equilibrium analysis and comparative statics. It is the department’s consensus that this core includes principles that are so foundational that all candidates in applied economics need to be exposed to them.
  2. Empirical assessment of economic problems is obtained through core courses and exposure to mathematical statistics, basic regression, optimization theory and programming methods.
  3. A qualifying examination is administered by AEM at the conclusion of the first year covering all material from the AEM core as well as  microeconomic theory core.
  4. Students are required to take one additional semester of graduate applied  econometrics beyond an introductory course.
  5. Students are required to complete a mentored research paper by July 31 in the summer following their second year.  The mentor in this case is typically the student’s thesis advisor, but can be any member of any faculty; and typically the topic area will be related to the student’s thesis study area, but can be on any subject related to applied economics. The role of the mentor is to guide the student through the paper preparation process including problem identification, how to develop a literature review, presenting theory and methods, summarizing and interpreting results, and concluding the paper. A panel of three AEM field faculty members judge and grade these papers, constituting an applied microeconomics qualifier. Papers should be of sufficient quality to justify eventual publication in a well-regarded field journal.
  6. All required classes must be passed with a final grade of B- or better by the end of the student’s second year in the Ph.D. program.
  7. All MS and PhD students are required to prepare and defend a thesis with guidance from faculty.  The evaluation of the thesis, and to some extent the 2nd-year PhD research paper, is based upon a rubric.