The Department of Agricultural and Resource Economics at UC Davis is recognized nationally and internationally for the quality of its faculty and for the strength of its undergraduate and graduate programs. Eight emeritus faculty are Fellows of the American Agricultural Economics Association (AAEA), and Departmental faculty and graduate students have received more than 38 awards for outstanding research from the AAEA and Western AEA. The Department administers a popular undergraduate major in Agricultural and Managerial Economics (AME). The program was ranked 8th nationally among peer programs in the most recent Gourman Report. The graduate program in Agricultural and Resource Economics emphasizes state-of-the-art training in economic theory and quantitative methods, with specialty fields in agricultural marketing, econometrics, economic development, natural resource economics, production economics, and international policy and trade. The graduate program has consistently ranked as the top or among the top programs in the world in terms of quality of graduate education.