Agricultural Experiment Station: South Dakota Agricultural Land Values and Cash Rental Rates: 1995, C258

Work in general economics dates back to the beginning of instructional work at South Dakota State College, when it was taught under the name of political economy. Later, it was taught with history and philosophy, but finally achieved full independence when, in 1921, the Department of Farm Economics was created as a separate department. Development in this department consisted mainly of teaching, research and extension. Over the years, the Economics Department has established itself as a pioneer in the scientific study of the economic problems of South Dakota.

According to the 1996-1998 Undergraduate Bulletin, the Economics Department trains students to apply economic concepts and techniques for decision-making in fields such as agricultural business, agricultural economics, economics and business. The objectives of the curricula taught in the department are to present the general economic principles necessary to understand the complexities of the economic business world and provide a foundation for graduate work in economics, agricultural economics, business administration, management, finance, law and other related areas of study. / The Economics Department offers majors leading to a Bachelor of Science degree in either agricultural business or agricultural economics from the College of Agriculture and Biological Sciences. The department also offers a major in economics leading to a Bachelor of Science degree from the College of Arts and Science. Within the economics major, a student can choose an option in business economics. Minors are also available through the department in accounting, agricultural business, agricultural marketing and economics. The programs provide students with a background to pursue careers in farm and ranch management, agricultural finance, agribusiness, banking, business finance, business management, sales and marketing, government service and related fields.