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<p>In my time at Cornell (early 1970s), it was called Ag Ec, for Agricultural Economics, but everyone understood that it was possible to structure that major in such a way that it constituted an undergraduate business program, with no agriculture content whatsoever. In fact, one of the things that everyone at Cornell (but practically nobody from outside the campus) understood was that it was possible to graduate from the agriculture college in several different majors in which it was never necessary to have the slightest acquaintance with agriculture (Communications and Biology were among the others).</p>
<p>The equivalent of AEM has been around much longer than the formal, officially recognized program has existed.</p>