Person

Le Chen

Assistant Professor | Agricultural and Resource Economics
Overview

My research and teaching programs focus on applied production economics, with special emphasis on the economics of soil health management practices (e.g., cover crops and no-till system), agricultural policies related to risk management, technology adoption, and dynamic decision-making. A key aspect of my research is the sound application of econometric methods, risk theory, and dynamic optimization modeling to address important policy-relevant problems in sustainable agricultural production and risk management. The objectives of my research are to provide information and identify policies that can improve both economic profits and long-term environmental sustainability. My research work in these areas has given me the opportunity to work successfully with interdisciplinary teams. This research also strengthens my teaching program in fundamental economic theory for the global food and fiber system, decision analysis, and risk management.

Research Focus

Sustainable Agricultural Production and Policy, Conservation Practice Adoption, Agricultural Finance, Risk Management, Environmental and Resource Economics, Applied Econometrics

Teaching Focus

AREC 201: Economics of the Global Food and Fiber System; AREC 542: Decisions, Uncertainty, and Resource Allocation

Courses
Below are courses taught during the current or past three academic years. Consult Timetable for the most current listing of courses and instructor(s).
AREC 201 - Economics of the Global Food and Fiber System
4 credit hour(s)

Introduction to microeconomic and macroeconomic principles and their application to the global food and fiber system. Specific topics include consumer and producer behavior, market equilibrium, monetary and fiscal policy, and international trade. Satisfies Volunteer Core Requirement: (SS) Satisfies General Education Requirement through the 2021-2022 academic catalog: (SS).

AREC 542 - Decisions, Uncertainty, and Resource Allocation
3 credit hour(s)

An applied treatment of decision theory concepts pertaining to the allocation of limited resources, including; probability theory; risk; simulation; Markov chains; resource-agent dynamics; game theory; and strategic interaction.

(RE) Prerequisite(s) : 505 and 524 or consent of instructor.

Other Instructors: Yu, Edward

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308B Morgan Hall
2621 Morgan Circle Drive
Knoxville, TN 37996
Education and Training
  • PhD, Economics, North Carolina St Univ Raleigh, 2022
  • MS, Economics, University of Illinois Urbana Champaign, 2017
  • BS, Economics, University of Minnesota, Twin Cities, 2016

Le Chen

Assistant Professor | Agricultural and Resource Economics
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308B Morgan Hall
2621 Morgan Circle Drive
Knoxville, TN 37996
Education and Training
  • PhD, Economics, North Carolina St Univ Raleigh, 2022
  • MS, Economics, University of Illinois Urbana Champaign, 2017
  • BS, Economics, University of Minnesota, Twin Cities, 2016
Overview

My research and teaching programs focus on applied production economics, with special emphasis on the economics of soil health management practices (e.g., cover crops and no-till system), agricultural policies related to risk management, technology adoption, and dynamic decision-making. A key aspect of my research is the sound application of econometric methods, risk theory, and dynamic optimization modeling to address important policy-relevant problems in sustainable agricultural production and risk management. The objectives of my research are to provide information and identify policies that can improve both economic profits and long-term environmental sustainability. My research work in these areas has given me the opportunity to work successfully with interdisciplinary teams. This research also strengthens my teaching program in fundamental economic theory for the global food and fiber system, decision analysis, and risk management.

Research Focus

Sustainable Agricultural Production and Policy, Conservation Practice Adoption, Agricultural Finance, Risk Management, Environmental and Resource Economics, Applied Econometrics

Teaching Focus

AREC 201: Economics of the Global Food and Fiber System; AREC 542: Decisions, Uncertainty, and Resource Allocation

Courses
Below are courses taught during the current or past three academic years. Consult Timetable for the most current listing of courses and instructor(s).
AREC 201 - Economics of the Global Food and Fiber System
4 credit hour(s)

Introduction to microeconomic and macroeconomic principles and their application to the global food and fiber system. Specific topics include consumer and producer behavior, market equilibrium, monetary and fiscal policy, and international trade. Satisfies Volunteer Core Requirement: (SS) Satisfies General Education Requirement through the 2021-2022 academic catalog: (SS).

AREC 542 - Decisions, Uncertainty, and Resource Allocation
3 credit hour(s)

An applied treatment of decision theory concepts pertaining to the allocation of limited resources, including; probability theory; risk; simulation; Markov chains; resource-agent dynamics; game theory; and strategic interaction.

(RE) Prerequisite(s) : 505 and 524 or consent of instructor.

Other Instructors: Yu, Edward