Academic Calendar

Agribusiness and Agricultural Economics, M.Sc.

Degree Requirements

The M.Sc. program has three streams:

  1. Agricultural Economics
  2. Agribusiness
  3. Environmental and Resource Economics

All students will be automatically entered into the Agricultural Economics stream and will require approval to move into the Agribusiness or Environmental and Resource Economics streams.  Within each stream there is a thesis and a comprehensive option.

Thesis Route

Students must complete a minimum of 18 credit hours of coursework. Of these 18 credit hours, a minimum of 9 credit hours must be at the 7000 level.  Other coursework will normally be at the 7000 level as well. Any exceptions to specific course requirements must be approved by the Department Graduate Advisory Committee (DGAC).  Students must submit an acceptable thesis and pass a thesis oral examination as well as present two graduate seminars open to the public. The first presentation will be on the thesis proposal, and the second presentation will be on the completed research. The thesis must be in the area of the student’s selected stream.

Comprehensive Examination Route

Students must complete a minimum of 27 credit hours of coursework with at least 18 credit hours at the 7000 level. Other course work will normally be at the 7000 level as well. Any exceptions to specific course requirements must be approved by the Department Graduate Advisory Committee (DGAC).  All students in the comprehensive option must complete a research paper and pass a comprehensive examination based primarily on the paper. These students must present a graduate seminar open to the public based on the completed research.  The research paper must be in the area of the student’s selected stream.

Expected Time to Graduate: 2 years

Progression Chart

Thesis Route

Agricultural Economics Stream

Course Title Hours
GRAD 7300Research Integrity Tutorial0
GRAD 7500Academic Integrity Tutorial0
Select one of the following:3-6
Production Economics
and Advanced Agricultural Demand Analysis
Advanced Microeconomic Theory I
XXXX 7XXXQuantitative Methods (Econometrics, Management Science, or Statistics as approved by Advisor)
Select additional courses as approved by Advisor9-12
GRAD 7000Master's Thesis0
Total Hours12-18
Agribusiness Stream
Course Title Hours
GRAD 7300Research Integrity Tutorial0
GRAD 7500Academic Integrity Tutorial0
ABIZ 7410Agricultural Finance3
XXXX 7XXXAdditional courses in Agribusiness or related area as approved by Advisor6
XXXX 7XXXQuantitative Methods (Econometrics, Management Science, or Statistics) as approved by Advisor3
Select additional courses as approved by Advisor6
GRAD 7000Master's Thesis0
Total Hours18
Environmental and Resource Economics Stream
Course Title Hours
GRAD 7300Research Integrity Tutorial0
GRAD 7500Academic Integrity Tutorial0
Select one of the following:3-6
Production Economics
and Advanced Agricultural Demand Analysis
Advanced Microeconomic Theory I
XXXX 7XXXQuantitative Methods (Econometrics, Management Science, or Statistics) as approved by Advisor3
ABIZ 7430Advanced Theory of Resource Economics3
Select an additional course related to Environment and Resources as approved by Advisor3
Select additional course(s) as approved by Advisor3-6
GRAD 7000Master's Thesis0
Total Hours15-21

Comprehensive Examination Route

 Agricultural Economics Stream
Course Title Hours
GRAD 7300Research Integrity Tutorial0
GRAD 7500Academic Integrity Tutorial0
Select one of the following:3-6
Production Economics
and Advanced Agricultural Demand Analysis
Advanced Microeconomic Theory I
XXXX 7XXXQuantitative Methods (Econometrics, Management Science, or Statistics) as approved by Advisor3
Select additional courses as approved by Advisor18-21
GRAD 7010Comprehensive Examination0
Total Hours24-30
Agribusiness Stream
Course Title Hours
GRAD 7300Research Integrity Tutorial0
GRAD 7500Academic Integrity Tutorial0
ABIZ 7410Agricultural Finance3
XXXX 7XXXAdditional courses in Agribusiness or related area as approved by Advisor6
XXXX 7XXXQuantitative Methods (Econometrics, Management Science, or Statistics) as approved by Advisor3
Select additional courses as approved by Advisor15
GRAD 7010Comprehensive Examination0
Total Hours27
Environmental and Resource Economics Stream
Course Title Hours
GRAD 7300Research Integrity Tutorial0
GRAD 7500Academic Integrity Tutorial0
Select one of the following:3-6
Production Economics
and Advanced Agricultural Demand Analysis
Advanced Microeconomic Theory I
XXXX 7XXXQuantitative Methods (Econometrics, Management Science, or Statistics) as approved by Advisor3
ABIZ 7430Advanced Theory of Resource Economics3
Select an additional course related to Environment and Resources as approved by Advisor3
Select additional courses as approved by Advisor12-15
GRAD 7010Comprehensive Examination0
Total Hours24-30

Registration Information

Students should familiarize themselves with the Faculty of Graduate and Postdoctoral Studies ‘GRAD’ courses applicable to their program. If you have questions about which GRAD course(s) to register in, please consult your home department/unit.

New and returning students must meet with their program advisor to determine courses prior to registration. Courses must be listed on the departmental approval form available from the Graduate Studies Assistant, and written approval granted from both the advisor and the department head or designate. Students may only register for courses listed and approved at that time. Any course revisions (additions and/or withdrawals) must be approved in the same manner. The signed form must be submitted to the Graduate Studies Assistant, who will then complete the registration process.

Not all courses are offered each year.

Regulations

Students must meet the requirements as outlined in both Supplementary Regulation and BFAR documents as approved by Senate.

Supplementary Regulations

Individual units may require specific requirements above and beyond those of the Faculty of Graduate and Postdoctoral Studies, and students should consult unit supplementary regulations for these specific regulations. 

Bona Fide Academic Requirements (BFAR)

Bona Fide Academic Requirements (BFAR) represent the core academic requirements a graduate student must acquire in order to gain, and demonstrate acquisition of, essential knowledge and skills.

All students must successfully complete:

  • GRAD 7300 prior to applying to any ethics boards which are appropriate to the student’s research or within the student’s first year, whichever comes first; and
  • GRAD 7500 within the first term of registration;

unless these courses have been completed previously, as per Mandatory Academic Integrity Course and Mandatory Research Integrity Online Course.

Students must also meet additional BFAR requirements that may be specified for their program.

General Regulations

All students must:

  • maintain a minimum degree grade point average of 3.0 with no grade below C+,
  • meet the minimum and not exceed the maximum course requirements, and
  • meet the minimum and not exceed the maximum time requirements (in terms of time in program and lapse or expiration of credit of courses).

Courses

Agribusiness and Agricultural Economics

ABIZ 7110  Attributes of Market Organization  3 cr  
Analysis of agricultural market structure, conduct and performance of processing industries.
ABIZ 7140  Resource Efficiency and Allocation in Agriculture  3 cr  
Seminar on research issues in production economics related to technological change, risk and uncertainty, management and firm growth.
ABIZ 7230  Agricultural Market Regulation  3 cr  
A review of economic theories of regulation and their application in agricultural marketing. Analysis of specific regulation in agricultural markets.
ABIZ 7240  Research in Agricultural Marketing  3 cr  
Advanced economic theory and quantitative techniques relevant to agricultural marketing. Topics include model building, market demand and supply, market regulation, and review of literature on marketing research.
ABIZ 7260  Econometrics with Applications in Food, Agribusiness and Resources  3 cr  
Econometrics as applied to food, agriculture, agribusiness, resources and related areas. Econometric applications in these areas may cover generalized least squares, instrumental variables, nonstationarity and other topics. Econometric software and data will be used Students will conduct a related applied econometric study.
ABIZ 7270  Research Methodology  3 cr  
Critical discussion of scientific methodology and the scientific status of agricultural economics. Discussion of methodological issues as they relate to the research process in agricultural economics.
ABIZ 7300  Topics in Agricultural Economics  3 cr  
Application of economic analysis to contemporary problems in agriculture.
ABIZ 7310  Agricultural Economic Development  3 cr  
Theory and policy of agricultural development in underdeveloped countries: problems of stimulating growth in agriculture and evaluation of alternative approaches to economic development of agriculture.
PR/CR: A minimum grade of C is required unless otherwise indicated.
Prerequisite: consent of instructor.
ABIZ 7330  Transportation Economics and Research  3 cr  
Rate determination and cost analysis for different modes of transportation; transportation issues in Canadian agriculture; and research techniques in transportation problems.
PR/CR: A minimum grade of C is required unless otherwise indicated.
Prerequisite: consent of instructor.
ABIZ 7350  Regional Development  3 cr  
Review policy, goals, theories, methods and applications relevant to analyzing Canadian and developing country rural development, regional economic growth and project evaluation.
ABIZ 7360  Current Issues in Policies Relating to Agriculture  3 cr  
Seminar dealing with current issues in policies relating to agriculture.
ABIZ 7380  Agricultural Policy  3 cr  
Bearing of economic theory on agricultural policy: relevance of allocative efficiency, distributive equity and other criteria, and economic evaluation of alternative policies.
ABIZ 7400  Forecasting and Simulation Models  3 cr  
Application of simulation modelling to characterizing and predicting the behaviour of complex systems (ecological, engineering and economic). Foundations of simulation and statistical approaches to analysis are emphasized.
ABIZ 7410  Agricultural Finance  3 cr  
Analysis of financial structure and goal criteria of agricultural firms, analysis of financial markets and institutions, evaluation and application of techniques in risk analysis, investment analysis, financial analysis, and growth and evaluation models.
ABIZ 7430  Advanced Theory of Resource Economics  3 cr  
Economic theory of the development and management of natural resources. Application of capital theory, investment theory, the theory of externalities and decision-making theories to resource utilization and management. A strong background in microeconomics is required. Also offered as ECON 7430 by the Department of Economics.
Equiv To: ECON 7430
ABIZ 7460  Research Management  3 cr  
Application of research management concepts in agriculture and the resource sectors. Research definitions and methodology; the macro environment in relation to research (social and grantor priorities, economic and institutional constraints, institution and project (micro) level (priorities, objectives, budgeting, time and personnel management, performance assessment): proposal and report writing; project evaluation.
ABIZ 7630  Theory of International Trade  3 cr  
Theories of trade flow; trade and income distribution; economic growth and changes in trade flows; instruments of trade intervention; international labour and capital movements; and economic integration. Also offered as ECON 7630 by the Department of Economics.
Equiv To: ECON 7630
ABIZ 7940  Production Economics  3 cr  
Development of static microeconomic theories of the firm, functional forms, aggregation issues, productivity analysis, risk and uncertainty, and an introduction to dynamics. The following are emphasized; a rigorous treatment of the models using duality; a critical understanding of the limitations and possibilities for generalizing the models; and relevance of the models for empirical research, especially in agriculture. Also offered as ECON 7940 by the Department of Economics.
Equiv To: ECON 7940
ABIZ 7950  Advanced Agricultural Demand Analysis  3 cr  
Critical evaluation of economic theory as applied to agricultural demand. Topics include demand systems; equilibrium; product transformation over time, place and form; and price analysis. Also offered as ECON 7950 by the Department of Economics. Not to be held with ECON 7950 or the former ABIZ 7100 or the former ECON 7900.
Equiv To: ABIZ 7100, ECON 7900, ECON 7950