Graduate Program

Degrees Offered

  • Master of Arts in Economics (M.A.)
    Concentrations: Econometrics; Economic Theory; Environmental/Natural Resource Economics; International Development and Sustainability; Labor/Human Resources Economics; Public Finance.
  • Doctor of Philosophy in Economics (Ph.D.)
    Concentrations: Environmental/Natural Resource Economics; International Development and Sustainability; Public Economics. 

The Department of Economics offers the M.A. in Economics, with concentrations listed above. Only those students transferring from the Ph.D. to M.A. program may concentrate in Economic Theory. The M.A. is awarded under Plan I (thesis) or Plan II (exam). Plan II requires 30 credit hours of approved coursework, and may not include courses taken on a Credit/No-Credit basis.

The Department of Economics offers the Ph.D. in Economics, with concentrations listed above. The Ph.D. is awarded to students who have met the general requirements specified in the Graduate Program section of this Catalog and have demonstrated competency in economic theory (micro and macro), econometrics, and their concentration (9 credit hours). See the Economics Graduate Student Handbook for specific requirements.


Admission Requirements

Recommended undergraduate coursework consists of 12 credit hours of upper-division economics courses, including one semester of intermediate micro theory and macro theory. Students are required to have completed one semester of calculus (preferably the equivalent of at least UNM’s MATH 1512). In addition, the department offers a summer online math/statistics refresher and a one-week math/statistics boot camp the week prior to the start of Fall semester. All graduate students are required to attend the online refresher and boot camp.

All applicants must submit their current (within the last three years) GRE-General Test Scores (verbal, quantitative, and analytical). International students, for whom English is not their first language or if English is not the official language spoken in their country, must submit results of the International English Language Testing System (IELTS), the Test of English as a Foreign Language (TOEFL), the University of Cambridge Examinations Certificate of Proficiency in English (CPE), Certificate of Advanced English (CAE) or other English proficiency test approved by the International Admissions Office.

Application Deadlines for Admission

Fall semester: International: February 15
  Domestic with aid: February 15
  Domestic without aid: July 1


Application Deadlines for Financial Aid

As financial aid decisions are made earlier than the application deadlines, timely receipt of application materials is advisable for those interested in financial aid.


Ph.D. in Economics

Departmental Requirements

A minimum of 48 credit hours of coursework at the graduate level (with no more than six credit hours of approved 300- and 400-level courses) is required. Courses taken under a Credit/No-Credit grading option do not count toward the required 48 credit hours of coursework. Also, a minimum of 18 credit hours of dissertation credit (ECON 699) is required. A student may not count dissertation credit hours toward the 18 required credit hours until after successful completion of the comprehensive examination.  The 48 credit hours are divided across required core curriculum, a major area of study and a minor area of study. All doctoral students must pass a written comprehensive theory exam and a written econometrics exam.  They must also complete a research requirement in their major area of study prior to the start of their dissertation research.

Core Requirements

The core curriculum requirements include: three (3) hours of math tools; nine (9) hours of theory; and nine (9) hours of applied econometrics. The latter results in a major, tested field in econometrics. All doctoral students must successfully complete a major area of study consisting of at least nine (9) hours of approved graduate economics courses and a minor area of study consisting of at least six (6) hours of approved graduate economics courses.

The set sequence for the core curriculum followed by all Ph.D. students is provided below:

Year 1 Fall
ECON 501 Microeconomics I
ECON 504 Mathematical Tools and Economic Models
ECON 508 Statistics and Introduction to Econometrics
ECON 595 Workshop in Applied Economics (week prior to Fall semester)
Spring
ECON 506 Macroeconomics
ECON 509 Econometrics I
ECON 513 Microeconomics II
Year 2 Fall
ECON 510 Econometrics II


As part of their core curriculum, all Ph.D. students are also required to take at least two elective 500-level economics course that is not within the micro or macro curriculum, the econometrics curriculum. These courses should be taken as a candidate's schedule permits.

Concentrations

The department offers three Ph.D. concentrations:

  • Environmental/Natural Resource Economics
  • International Development and Sustainability
  • Public Economics

A student is required to have a concentration in which they have successfully completed nine credit hours of study and a secondary concentration in which they have successfully completed six credit hours of study. As discussed above, the core requirements in econometrics grant the student an additional secondary concentration in econometrics. The courses available in each concentration are:

Environmental/Natural Resource Economics

  • ECON 540 Natural Resource, Environmental and Ecological Modeling I
  • ECON 542 Topics in Environmental, Resource and Ecological Economics
  • ECON 543 Natural Resource, Environmental, and Ecological Modeling II
  • ECON 544 Environmental Economics

ECON 542 may be repeated for up to a maximum of 6 credit hours toward the degree.

International Development and Sustainability

  • ECON 581 International Development and Finance
  • ECON 582 Topics in International and Sustainable Development
  • ECON 583 Development Economics
  • ECON 585 Sustainable Development

Public Economics

  • ECON 560 Public Economics
    Choose 2 from:
  • ECON 533 Seminars in Industrial Organization
  • ECON 564 Topics in Health Economics
  • ECON 565 Topics in Public and Labor Economics

ECON 560 is required for a first and secondary concentration in Public Economics. ECON 564 and 565 may be repeated for up to a maximum of 6 credit hours toward the degree.


Courses

ECON 1996. Topics. (1-6, no limit Δ)



ECON 2110. Macroeconomic Principles. (3)



ECON 2120. Microeconomic Principles. (3)



ECON 2125. Society and Environment. (3)



ECON 2130. Personal Investing. (3)



ECON 2220. Economics of Race and Gender. (3)



ECON 2996. Topics. (1-6, no limit Δ)



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 *369. Problem-Based Learning Using Data Analytics. (3, may be repeated twice Δ)



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 *424. International Trade. (3)



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



ECON *442. Topics in Environmental and Natural Resource Economics. (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, may be repeated once Δ)



ECON 499. Senior Honors Thesis. (4)



ECON 501. Microeconomics I. (3)



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



ECON 506. Macroeconomics [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, may be repeated once Δ)



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



ECON 542. Topics in Environmental, Resource, and Ecological Economics. (3, may be repeated four times 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, may be repeated once Δ)



ECON 565. Topics in Public and Labor Economics. (3, may be repeated once Δ)



ECON 581. International Development and Finance. (3)



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



ECON 583. Development Economics. (3)



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

MSC11 6325
1 University of New Mexico
Albuquerque, NM 87131

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