Managerial, Behavioral & Organizational Economics

Associated Doctoral Faculty

  • Michael Cook
  • Harvey James
  • Joseph Parcell
  • Michelle Segovia
  • Teo Skevas
  • Michael Sykuta (program coordinator)
  • Randall Westgren

Knowledge and Skills of Graduates

Graduates from this EA will have a strong foundational understanding of micro economic concepts as well as core concepts in behavioral, organizational and institutional economics that are relevant to understanding the structure, organization, governance, and performance of economic activity at the levels of the firm, the market and the value chain. Graduates will be exposed to quantitative and qualitative analytic tools, and develop skills in applying those tools to problems in the organization of business and industry and in consumer behavior. Graduates will be able to ask, and answer, interesting questions and to identify solutions in developing answers that are rooted in sound economic thinking. Graduates will have the skills to communicate concepts and key findings effectively, whether with students, academic peers, industry professionals, or policy makers.

Graduates of this program will be marketable to academic programs in colleges of business, agriculture, or arts & sciences, as well as to government or industry, depending on the student’s specific choice of cognate area and research.

 MS Degree Program (total 30 hours)

Degree requirements

Core courses: 9 hours

  • Microeconomics Theory and Application (AAE 7240)
  • Plus two courses from:
    • Agribusiness Management Strategy (AAE 7971)
    • Agri-food Business and Cooperative Management (AAE 7972)
    • Behavioral & Experimental Economics (AAE 7301)
    • Economics of Institutions and Organizations (AAE 8050)
    • Economics of Transactions and Contracting (AAE 8520)
    • Managerial and Behavioral Approaches to Collective Action (AAE 8610

Research methods: 6 hours

  • (e.g. statistics, econometrics, experimental economics, survey methods, data analytics, simulation, etc.)

Thesis or non-thesis: 6 hours

  • Masters Thesis Research (AAE 8090)
  • Non-thesis Research (AAE 8450) plus an additional research methods course

Elective courses: 9 hours

Notes

Students entering the students entering the PhD program directly from the BS, BA, or BComm degree or who wish to obtain the MS without completion of a thesis should take 3 hours of non-thesis research plus an additional research methods course, with electives selected primary from the Trulaske business school and agricultural economics offerings. Students who wish to complete a more traditional, terminal, research-oriented MS with a thesis will take 6 hours of thesis research and 6 hours of research methods courses, with electives selected from agricultural economics, Trulaske business school and other social science offerings.

Specific courses can be substituted with approval by advisor and program coordinator. Students are responsible for meeting all requirements of the division, college and university. Students must have at least 30 credit hours from courses numbered 7000-9000 of which 15 credit hours must be from courses numbered 8000-9000 and no more than 40% of credits from problems, readings or research hours. A maximum of 6 credits may be transferred from another institution upon approval of the Advisor, Director of Graduate Studies, and the Graduate School. The degree must be completed within a period of 8 years beginning with the first semester of enrollment in which the student is accepted to a degree program.

PhD Program (total 72 hours)

Degree requirements

Theory core courses: 18 hours

  • Advanced Microeconomic Theory & Applications I (AAE 9040)
  • Advanced Microeconomic Theory & Applications II (AAE 9042)
  • Economics of Institutions and Organizations (AAE 8050)
  • Plus three (3) courses from:
    • Economics of Transactions and Contracting (AAE 8520)
    • Managerial and Behavioral Approaches to Collective Action (AAE 8610)
    • Behavioral Economics (AAE 9xxx)
    • Organizational Economics I (AAE 9510)
    • Organizational Economics II (AAE 9520)

Methods core courses: 12 hours

  • Research Methods & Design (AAE 8510)

At least three other methods courses at the 8000 or 9000 level (e.g. econometrics, experimental economics, multivariate statistics, simulation methods, survey methods, measurement theory, data analytics, qualitative research, etc.)

Cognate field: 12 hours

Four courses in a single subject, chosen in consultation with the major advisor and committee, such as management, marketing, sociology, psychology, economics, policy, or law. Students will have the freedom to propose a cognate area based upon courses from different subject matter areas that lead to a specific expertise or support for dissertation research, such as corporate governance, collective action, or consumer behavior. Courses taken in this cognate field may not be counted toward the requirements in Research methods core.

Dissertation research: 12 hours

  • AAE 9090 Doctoral Dissertation Research

Electives: 18 hours

Examinations

The Qualifying Examination process will be set by the faculty members of the EA and will be administered after the first year of course work. The material will be drawn from the core Theory and Methods courses offered in that particular academic year. The Comprehensive Examination will be at the end of required coursework and prior to the oral defense of the dissertation proposal. The Comprehensive Examination must be completed at least seven months before the final dissertation defense.

Notes

Elective and research methods courses should be selected as appropriate to the student’s research, academic, and professional interests, and in consultation with the student’s advisor. Specific courses can be substituted with approval by advisor and coordinator.

Students who complete the MS in our graduate program may take courses included in the required core, research methods, or cognate areas. The EA Coordinator and the student’s committee members may recommend up to 30 hours from the student’s MS be credited toward the PhD program, provided that coursework adequately satisfies the requirements above. Students will work with their committee to design a program of study to complete the EA required (54) hours and additional electives (including courses transferred from the MS).

Electives can include a minor or certificate. Students are responsible for meeting all requirements of the division and university, including the requirement to have at least 72 credit hours from courses numbers 7000-9000, as well as the maximum share of credit hours from research, readings, and problems courses. No more than 30 credit hours may be transferred in from MS. The degree must be completed within a period of 8 years beginning with the first semester of enrollment in which the student is accepted to a degree program.