Janie M. Chermak, 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

Robert P. Berrens, Ph.D., Oregon State University
Alok K. Bohara, Ph.D., University of Colorado
Janie M. Chermak, Ph.D., Colorado School of Mines
Philip Ganderton, Ph.D., University of California, Santa Barbara
Kate Krause, Ph.D., University of Wisconsin
Richard Santos, Ph.D., Michigan State University
Christine Sauer, Ph.D., Brown University
Robert O. Valdez, Ph.D., Pardee RAND School of Public Policy

Associate Professors
Melissa Binder, Ph.D., Columbia University
Matias Fontenla, Ph.D., University of Texas at Austin
Jennifer Thacher, Ph.D., University of Colorado

Assistant Professors
Brady Horn, Ph.D., Washington State University
Shana McDermott, Ph.D., University of Wyoming, Laramie
Sarah S. Stith, Ph.D., University of Michigan
David N. Van Der Goes, Ph.D., Lehigh University
Kira M. Villa, Ph.D., Cornell University
Li Xiaoxue, Ph.D., Syracuse University
Jingjing Wang, Ph.D., University of California, Riverside

Claudia Diaz Fuentes, Ph.D., Pardee RAND Graduate School
Cristina Reiser, Ph.D., University of Tennessee

Visiting Lecturer
David Dixon, Ph.D., University of New Mexico

Affiliated Faculty
Richard Bernknopf, Ph.D., George Washington University (Research Professor)
David S. Brookshire, Ph.D., University of New Mexico (Research Professor)
Maurice Moffett, Ph.D., University of New Mexico (Adjunct Assistant Professor)
Kelly O'Donnell, Ph.D., University of New Mexico (Research Professor)
Lee A. Reynis, Ph.D., University of Michigan (Research Scholar)
Lawrence Waldman, Ph.D., University of New Mexico (Lecturer III)

Distinguished Professor Emeriti
David S. Brookshire, Ph.D., University of New Mexico

Professors Emeriti
Shaul Ben-David, Ph.D., Cornell University
F. Lee Brown, Ph.D., Purdue University
H. Stuart Burness, Ph.D., University of Kansas
Donald Coes, Ph.D., Princeton University
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

Introduction to the Undergraduate Program for Economics

What’s the best way to reduce carbon emissions? Is a green economy possible? What should be done about the federal budget deficit? Will graduating seniors ever collect on Social Security? Can government policies reduce unemployment? Is crime an economic problem? Is obesity 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 societies and markets allocate scarce resources, how incentives shape human behavior and why there are tradeoffs in virtually all public policy options. Majors develop analytical and quantitative skills including modeling and data analysis. They understand macroeconomic relationships that explain economic growth, unemployment and inflation and exchange rate fluctuations. They also study the microeconomics of the public sector, industrial organization, labor and human resources, health, natural resource use, the environment, trade and development.

Our graduates go on to careers in consulting, banking, finance, teaching and government. The major also provides excellent preparation for advanced degrees in economics, business, planning, medicine and law. Economics students make particularly good law school applicants (and outperform other majors on the LSAT), likely because both fields emphasize highly analytical thinking.

The major is an excellent choice for those interested in public policy and market research and students pursuing careers in business, government and non-profit organizations. An economics major is also highly desirable for students planning to study law, business, public administration, geography and international affairs at the graduate level.

Associated Programs

Undergraduate Program

Graduate Program


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 295. Topics in Economics and Social Issues. (1-3, may be repeated two times)

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

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

ECON 307. Economics Tools. (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. Independent Study. (1-3 to a maximum of 6 Δ)

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

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

ECON 498. Reading for Honors. (3 to a maximum of 6 Δ)

ECON 499. Senior Honors Thesis. (4)

ECON 501. Microeconomics I. (3)

ECON 504. Mathematical Tools and Economic Models. (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 533. Seminars in Industrial Organization. (3)

ECON 534. Experimental Economics. (3)

ECON 538. Topics in Applied Economics. (3)

ECON 540. Natural Resource, Environmental, and Ecological Modeling I. (3)

ECON 542. Topics in Environmental, Resource, and Ecological Economics. (3 to a maximum of 15 Δ)

ECON 543. Natural Resource, Environmental, and Ecological Modeling II. (3)

ECON 544. Environmental Economics. (3)

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

ECON 546. Water Resources I - Contemporary Issues. (4)

ECON 551. Independent Study. (1-3 to a maximum of 6 Δ)

ECON 560. Public Economics. (3)

ECON 564. Topics in Health Economics. (3 to a maximum of 6 &#916)

ECON 565. Topics in Public and Labor Economics. (3 to a maximum of 6 Δ)

ECON 581. International Development and Finance. (3)

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

ECON 583. Development Economics. (3)

ECON 584. Interdisciplinary Seminar on Problems of Modernization in Latin America. (3, no limit Δ)

ECON 585. Sustainable Development. (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