Basic Course
NRD 501 Microeconomic Analysis [3]
A comprehensive survey of microeconomics and topics is the main focus of this course. Four core topics: consumer theory, production theory, market theory, general equilibrium and welfare economics, are covered. (Master Course)
NRD 502 Macroeconomic Analysis [3]
A comprehensive survey of the modern theory of national income determination with particular emphasis on the foundation of macroeconomic model. (Master Course)
NRD 504 Applied Mathematical Programming
This course will provide the comprehensive understanding of mathematical programming and various optimization methods. (Master and Ph.D Course)
NRD 505 Applied Econometrics Ⅱ [3]
Time-series analysis, Monte Carlo simulation Estimation and advanced applied econometrics issues will be covered. (Ph.D Course)
NRD 506 Dynamic Economic Analysis [3]
This course aims to provide theoretical and practical tools to analyze various dynamic economic issues. It covers optimal control theory, calculus variation, LQ problem, and stochastic calculus. Computer programming will be accompanied. (Master and Ph.D Course)
NRD 507 Advanced Microeconomic Analysis [3]
This is an advanced microeconomics class which covers modern theories and empirical issues in market structure, game theory and general equilibrium. (Ph.D Course)
NRD 508 Advanced Macroeconomic Analysis
This is an advanced macroeconomics class which covers modern theories and empirical issues in national income, growth and macroeconomic policies. (Ph.D Course)
NRD 509 Applied Econometrics Ⅰ [3]
Estimation and test of hypotheses on single and multiple equation models. Applications to empirical problems of food and resource economics. (Master Course)
Major Course
NRD 512 Topics in Food Marketing [3]
This class covers theoretical mechanisms for distribution and marketing of food and agricultural products and issues and problems related to food marketing.
NRD 553 Advanced International Food Policy [3]
Impacts on food and fiber industry by changes of international commerce negotiations as well as effects of general economy by changes of food and agricultural policies are analyzed.
NRD 601 Applied Financial Economics [3]
Studies on the application of finance theories and empirical analyses to investment, risk management, capital asset pricing and asset valuation.
NRD 602 Law and Economics [3]
Analysis of the efficiency of the existing law and regulatory systems from an economic perspective.
NRD 604 Topics in Health Economics [3]
This course is aimed to analyze health care market by applying microeconomic theory. The main contents are concerned with demand and supply side of health care markets and with investigating effectiveness of health policy.
NRD 605 Economics of Technology [3]
This course studies not only the activities and impact of technological progress to economic prosperity, but also the role of policy regarding technological advancement.
NRD 606 International Commerce Negotiation [3]
Studies on economic theories on international commerce negotiations and various cases on international commerce and trade negotiations in the WTO, APEC and free trade negotiations.
NRD 608 Advanced Financial Management in Food System [3]
Studies on changes of international financial market, multinational financial management, and open macroeconomic topics such as exchange rate, balance of payment and macroeconomic equilibrium under open economy.
NRD 614 Food Price Analysis [3]
Price determination and forces affecting agricultural price change Application to empirical problems.
NRD 622 Economics of Aging [3]
This course aims to investigate the economic impact of population ageing issues. During semester, the ageing issues would be deeply discussed in a solid way of using analytic tools based on graduate level of micro and macro economic theories. Furthermore the relevant policies for keeping sustainable development regarding ageing issue would also be explored.
NRD 623 Applied Microeconometrics [3]
The purpose is to develop the concepts needed to study empirical problems in microeconomics using econometric methods. The focus is on developing a conceptual basis for understanding how data, econometric methodology and assumptions combine to produce statistical inference. Special focus will be given to both cross-section and panel-data methods to control for endogenous regressors and selection bias.
NRD 625 Public Economics [3]
The aim of the course is to examine the foundations of public economics and understand the application of them in applied economic research. Public economics analyzes the impact of public policy on the allocation of resources and the distribution of income in the economy. It addresses various market imperfections and failures as a justification for public action, and analyzes how government policies can improve market outcomes.
NRD 626 Economics of Food Safety [3]
This course will cover topics related to risk preferences, asymmetric information, and uncertainty in consumer food choice, with an emphasis on economics of food safety. Attention will also be paid to concepts and experimental methods used in order to gain insight into the consumers’ preference and attitudes towards safety of foods (hypothetical surveys and choice experiment).
NRD 631 Natural Resource Economics [3]
This course studies economic issues on depletable resource, new and renewable resource, sustainability, bioeconomics and exotic disease. Optimal rules for managing these resources and inter-generational efficiency/equity problems will be studied.
NRD 662 Topics in Commodity Trade Theory [3]
This class teaches advanced theories of international trade and analytical tools for agricultural and food trade policy. Issues and problems for empirical analysis will be covered through seminars.
NRD 671 Applied Production Economics [3]
The course covers the theoretical and practical applications of production economics. With a focus on food and energy production, this course helps graduate students understand production economics and conduct empirical research with rigorous analytical and econometric methods. This course also deals with social and environmental problems related to production activities to achieve sustainable production systems.
NRD 672 Sustainable Development [3]
The course deals with the theoretical and empirical applications of food and resource economics to sustainable development. With a focus on the sustainable development goals of the United Nations, this course helps graduate students understand the concept of sustainability and address the problems associated with agriculture, food, resource, environment and health to achieve sustainable development.
NRD 715 Industrial Development [3]
Theories and models of industrial development process. Transformation of agriculture society to modernization economy will be discussed.
NRD 734 Advanced Resource and Environmental Economics [3]
This course studies economic theories and applications on resource development and preservation, optimal management of depletable resources, reconciliation between environment and resource utilization and associated policy issues.
NRD 735 Environmental Economics [3]
Basic economic concepts of environmental problems, theories of environmental economics, externalities and alternative collective action, policies for environmental protection.
NRD 744 Economics of Information [3]
This course surveyes how the economic life is affected as information is emphasized and how investment should be made to attain so called 'advanced information-oriented society' which is composed of individual information investment in the perspective of national economy.
NRD 753 Industrial Organization Analysis in Food System [3]
Market structure, conduct and performance in firms and cooperatives and public policies related to above issues in food and fiber industry are analyzed theoretically, empirically, and institutionally.
NRD 755 Topics in Consumer Economics [3]
Economic theories of consumer decision making processes and methods and tools for empirical analysis.
NRD 762 Commodity Futures and Options Markets [3]
This class teaches advanced theories for commodity futures and options trades. The principle of hedging with derivatives and functions of the futures and options markets as an alternative to agricultural policies are covered.
NRD 802 Seminar in Resource Economics [3]
This seminar aims to deepen understanding resource economic issues and to facilitate analytical capacity so as to solve the problems that cover optimal exploitation of fossil fuels, energy security, bioinvasion and renewable energy investment.
NRD 803 Seminar in Applied Econometrics [3]
The aim of this seminar course is to provide econometric methods and research methodology for graduate students to persue independent research in the areas of applied economics. The focus of this course is on practical research design and its application. After taking the course, students should be able to conduct high-quality empirical research using econometric tools.
NRD 804 Seminar in Environmental Economics [3]
Basic economic concepts of environmental problems, theories of environmental economics, externalities and alternative collective action, policies for environmental protection.
NRD 844 Economics of Human Resource [3]
A theoretical analysis of labor supply and demand, human capital, information, and labor mobility. Special emphasis will be on the labor in agricultural sector.
NRD 854 854 Analysis of International Finance [3]
Studies on changes of international financial market, multinational financial management, and open macroeconomic topics such as exchange rate, balance of payment and macroeconomic equilibrium under open economy.