Economics

Robert P. Berrens, Chairperson
The University of New Mexico
Department of Economics
MSC05 3060
1 University of New Mexico
Albuquerque, NM 87131-0001
(505) 277-5304; FAX (505) 277-9445

Professors
Robert P. Berrens, Ph.D., Oregon State University
Alok K. Bohara, Ph.D., University of Colorado
David S. Brookshire, Ph.D., The University of New Mexico
Janie Chermak, Ph.D., Colorado School of Mines
Donald Coes, Ph.D., Princeton University
Philip Ganderton, Ph.D., University of California (Santa Barbara)
Christine Sauer, Ph.D., Brown University
Richard Santos, Ph.D., Michigan State University
Robert O. Valdez, Ph.D., Pardee RAND School of Public Policy

Associate Professors
Melissa Binder, Ph.D., Columbia University
Kate Krause, Ph.D., University of Wisconsin
Jennifer Thacher, Ph.D., University of Colorado, Boulder

Assistant Professors
Margaret E. Blume-Kohout, Ph.D., Pardee RAND Graduate School
Matias Fontenla, Ph.D., University of Texas at Austin
Kristine Grimsrud, Ph.D., Washington State University
Brady Horn, Ph.D., Washington State University

Affiliated Faculty
Lawrence Waldman, Ph.D., The University of New Mexico (Economist III, BBER, UNM)

Professors Emeriti
Shaul Ben-David, Ph.D., Cornell University
F. Lee Brown, Ph.D., Purdue University
H. Stuart Burness, Ph. D., University of Kansas
Albert Church, Ph.D., Claremont Graduate School
Ronald Cummings, Ph.D., University of Kansas
Micha Gisser, Ph.D., University of Chicago
Peter Gregory, Ph.D., Harvard University
David Hamilton, Ph.D., University of Texas
Chung Pham, Ph.D., University of Pennsylvania
Donald Tailby, Ph.D., Rutgers University
Paul Therkildsen, Ph.D., University of Colorado
Nathaniel Wollman, Ph.D., Princeton University


Introduction

Why is there pollution? Why are the rainforests vanishing? Is the federal budget deficit a problem? Will graduating seniors ever collect on Social Security? Will consumers benefit from increased competition in the electricity market? Why and how would people shop on the Internet? Can government policies reduce unemployment? Is crime an economic problem? Why are some countries rich and others poor? Does international trade help or hurt workers in the United States?

Economics provides answers to questions like these by analyzing how scarce resources are used and how goods and services are distributed. Students of economics learn how incentives shape human behavior and why people debate public policies. Majors develop analytical and quantitative skills, including modeling, econometrics and forecasting. They understand macroeconomic relationships that explain economic growth, unemployment and inflation and exchange rate fluctuations. They also study the microeconomics of government policies, work, industrial organization, labor and human resources, health, natural resource use and the environment and trade and development.

The major is an excellent choice for those interested in public policy and market research and students wanting careers in business, government and other organizations. An economics major is also highly desirable for students wanting to go on to study law, business, public administration and international affairs.


Courses

ECON 105. Introductory Macroeconomics. (3)



ECON 106. Introductory Microeconomics. (3)



ECON 203. Society and the Environment. (3)



ECON 212. Personal Investing. (3)



ECON 239. Economics of Race and Gender. (3)



ECON **300. Intermediate Microeconomics I. (3)



ECON **303. Intermediate Macroeconomics I. (3)



ECON **309. Introductory Statistics and Econometrics. (3)



ECON **315. Money and Banking. (3)



ECON *320. Labor Economics. (3)



ECON *321. Development Economics. (3)



ECON *330. Consumer Economics. (3)



ECON *331. Economics of Poverty and Discrimination. (3)



ECON *332. Economics of Regulation. (3)



ECON *333. Industrial Organization. (3)



ECON *335. Health Economics. (3)



ECON *341. Urban and Regional Economics. (3)



ECON 342. Environmental Economics. (3)



ECON *343. Natural Resource Economics. (3)



ECON *350. Public Finance. (3)



ECON *360. History of Economic Thought. (3)



ECON 395. Seminar in Current Economic Issues. (1-3, no limit Δ)



ECON *403. Intermediate Macroeconomics II. (3)



ECON *407. Mathematical Methods in Economics. (3)



ECON *408. Economic Forecasting Methods: A Time Series Approach. (3)



ECON *409. Intermediate Econometrics. (3)



ECON *410. Topics in Health Economics. (3, no limit Δ)



ECON *421. Latin American Economics. (3)



ECON *423. Topics in Latin American Development. (3)



ECON *424. International Trade. (3)



ECON *427. Topics in Labor Economics. (3)



ECON *429. International Finance. (3)



ECON *442. Topics in Environmental and Natural Resource Economics. (3)



ECON *445. Topics in Public Finance. (3)



ECON 451 / 551 - 452 / 552. Independent Study. (1-3, 1-3)



ECON *466. Public Sector Project Analysis. (3)



ECON *478. Seminar in International Studies. (3)



ECON 497-498. Reading for Honors. (3,3)



ECON 499. Senior Honors Thesis. (4)



ECON 501. Microeconomics I. (3)



ECON 503. Economic Theory. (3)



ECON 504. Mathematical Tools and Economic Models. (3)



ECON 504. Applied Macroeconomics. (3)



ECON 506. Macroeconomics I. (3)



ECON 508. Statistics and Introduction to Econometrics. (3)



ECON 509. Econometrics I. (3)



ECON 510. Econometrics II. (3)



ECON 513. Microeconomics II. (3)



ECON 514. Macroeconomics II. (3)



ECON 520. Labor Economics. (3)



ECON 521. Comparative Labor Problems. (3)



ECON 522. Selected Groups in the Work Force. (3)



ECON 533. Seminars in Industrial Organization. (3)



ECON 534. Experimental Economics. (3)



ECON 535. Evaluation of Public Programs. (3)



ECON 538. Topics in Applied Economics. (3)



ECON 540. Environmental and Natural Resource Modeling. (3)



ECON 541. Sustainable Development. (3)



ECON 542. Environmental and Natural Resource Economics: Survey. (3)



ECON 543. Natural Resource Economics. (3)



ECON 544. Environmental Economics. (3)



ECON 545. Water Resources II–Models. (4)



ECON 551 / 451 - 552 / 452. Independent Study. (2-3, 2-3)



ECON 560. Introduction to Public Finance. (3)



ECON 562. Normative Theories of Public Finance. (3)



ECON 565. Positive Theories of Public Finance. (3)



ECON 570. Institutional Economics. (3)



ECON 580. International Trade. (3)



ECON 581. International Finance. (3)



ECON 582. Topics in International and Development Economics. (3)



ECON 583. Development Economics. (3)



ECON 584. Interdisciplinary Seminar on Problems of Modernization in Latin America. (3)



ECON 595. Workshop in Applied Economics. (1-3)



ECON 599. Master’s Thesis. (1-6, no limit Δ)



ECON 699. Dissertation. (3-12, no limit Δ)



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Office of the Registrar

MSC 11 6325
1 University of New Mexico
Albuquerque, NM 87131

Phone: (505) 277-8900
Fax: (505) 277-6809