The Department of Agricultural and Resource Economics offers programs leading to PhD degrees. Due to quota limitations, students are rarely admitted for the master's degree, although it may be awarded to students who are pursuing work toward the PhD in our program (or in another field at Berkeley) after fulfillment of the appropriate MS requirements.<br><br>The Agricultural and Resource Economics Program is relatively flexible, however, the program stresses economic theory, quantitative methods, and two elective fields defined in consultation with the graduate adviser. Some common elective fields include development economics, natural resource or environmental economics, agricultural policy, and international markets and trade.