Macroeconomics is the study of national and global economies. Topics include output, unemployment and inflation; and how they are affected by financial systems, fiscal and monetary policies. Prerequisite for most upper-division courses. Meets New Mexico General Education Curriculum Area 4: Social and Behavioral Sciences.

This course will provide a broad overview of microeconomics. Microeconomics is the study of issues specific to households, firms, or industries with an emphasis on the role of markets. Topics discussed will include household and firm behavior, demand and supply, government intervention, market structures, and the efficient allocation of resources.Prerequisite for most upper division courses. Meets New Mexico General Education Curriculum Area 4: Social and Behavioral Sciences.

Intermediate analysis of microeconomic theory and concepts. Topics include consumer behavior and demand, production and costs, price and output under both perfect competition and pure monopoly. Prerequisite: 2110 and 2120 and (307 or MATH 1430 or MATH 1512).

Theories of national income determination in explaining business cycles; aggregate supply; and the role of expectations. Role of monetary and fiscal policies in stabilizing the economy. Prerequisite: 2110 and 2120 and (307 or MATH 1430 or MATH 1512).

Introduces math, data, and writing skills that are essential for understanding, interpreting and communicating economics concepts. Prerequisite: MATH 1220 or MATH 1240 or ACT Math =>26 or SAT Math Section =>620 or ACCUPLACER College-Level Math =>100. Pre- or corequisite: 2110 or 2120.

Introductory statistics, probability, probability distributions and hypothesis testing. Basic econometric techniques emphasizing estimation of economic relationships and the use of econometric models in forecasting. Prerequisite: 2110 and 2120 and MATH 1350.

Theories of development and growth. Problems facing developing countries and possible solutions. Historical case studies of some developing countries. Prerequisite: 300 and 303.

Firms and markets; interactions of firms in markets that are noncompetitive (oligopolistic and monopolistic); various government policies to control the behavior of firms with market power. Prerequisite: 300.

Introduction to economics of environmental management problems, conceptual tools and policy applications: resource scarcity and sustainability, efficiency and equity, property rights and externalities, benefit-cost analysis and discounting, provision of public goods and nonmarket valuation. Prerequisite: 2110 and 2120.

Development of the principle economic doctrines and schools of economic thought from the Physiocrats to Keynes. Prerequisite: 2110 and 2120.

Intermediate econometric techniques with strong emphasis on computer modeling of applied economic problems. Covers autocorrelation, heteroscedasticity, multicollinearity, dummy variable and distributed lag model and the use of econometric models in forecasting. Prerequisite: 309.

Wage theory, industrial relations, migration, discrimination, comparative labor problems, special groups in the work force and other contemporary topics. Emphasis on economic implications and the role of public policy in these labor topics. Prerequisite: 309 and *320.

For senior students wishing to study topics not covered in an existing course or in more detail. Requirements will be agreed upon between student and instructor. Prerequisite: 300 and 303 and 309.

Open to juniors or seniors with an overall grade point average of at least 3.2 and approval of the department. Prerequisite: 309. Restriction: junior or senior standing and permission of department.

Prerequisite: 498.

Topics include producer and consumer theory, duality and welfare measures, competitive markets and monopoly and decision making under uncertainty. Restriction: admitted to M.A. Economics or Ph.D. Economics.

Calculus and matrix theory as applied to macro and micro models. Unconstrained and constrained optimization; static and comparative static analysis; introduction to dynamic analysis. Restriction: admitted to M.A. Economics or Ph.D. Economics.

Discrete and continuous probability distributions; expectations; joint, conditional marginal distributions; hypothesis testing; least squares estimators; violation of the least squares principle. Econometric software with applications. Restriction: admitted to M.A. Economics or Ph.D. Economics.

Simultaneous equation methods, nonlinear least squares, maximum likelihood method, qualitative dependent variable models, asymptotic properties and test statistics. Emphasis on computer modeling. Prerequisite: 509.

Industrial organization is the study of firms and markets. Course covers firms internal organization and the interactions of firms in markets that are competitive, oligopolistic or monopolistic. Prerequisite: 501 and 504.

Special topics in applied economics as they pertain to the major fields and support courses. Available for use by visiting faculty. Prerequisite: 501 and 504. Restriction: permission of instructor.

Dynamic optimization and optimal control theory applications (deterministic and stochastic) and computation methods with an emphasis on renewable resources. Prerequisite: 501 and 504.

(Also offered as WR 571) Students examine contemporary issues in water resource systems, including water quality; ecosystem health; stakeholder concerns; economics; and water supply, policy, management and allocation. Emphasis on teamwork, cooperation, and oral, written and graphic communication. {Fall}

An independent study course on economic problems or issues. The study is carried out under the supervision of an economics faculty member. Restriction: permission of instructor.

Economic growth and development, poverty and inequality, population growth. Credit markets and microfinance, risk and insurance. Role of government in development. Urbanization and rural-urban migration. Prerequisite: 501 and 506.

Research problems. Student presentations of methodology and results. Research projects may be student-directed or undertaken in conjunction with regular and/or visiting faculty. Offered on a CR/NC basis only. Restriction: permission of instructor.

Offered on a CR/NC basis only.

Offered on a CR/NC basis only.

Macroeconomics is the study of national and global economies. Topics include output, unemployment and inflation; and how they are affected by financial systems, fiscal and monetary policies. Prerequisite for most upper-division courses. Meets New Mexico General Education Curriculum Area 4: Social and Behavioral Sciences.

This course will provide a broad overview of microeconomics. Microeconomics is the study of issues specific to households, firms, or industries with an emphasis on the role of markets. Topics discussed will include household and firm behavior, demand and supply, government intervention, market structures, and the efficient allocation of resources.Prerequisite for most upper division courses. Meets New Mexico General Education Curriculum Area 4: Social and Behavioral Sciences.

Intermediate analysis of microeconomic theory and concepts. Topics include consumer behavior and demand, production and costs, price and output under both perfect competition and pure monopoly. Prerequisite: 2110 and 2120 and (307 or MATH 1430 or MATH 1512).

Theories of national income determination in explaining business cycles; aggregate supply; and the role of expectations. Role of monetary and fiscal policies in stabilizing the economy. Prerequisite: 2110 and 2120 and (307 or MATH 1430 or MATH 1512).

Introduces math, data, and writing skills that are essential for understanding, interpreting and communicating economics concepts. Prerequisite: MATH 1220 or MATH 1240 or ACT Math =>26 or SAT Math Section =>620 or ACCUPLACER College-Level Math =>100. Pre- or corequisite: 2110 or 2120.

Introductory statistics, probability, probability distributions and hypothesis testing. Basic econometric techniques emphasizing estimation of economic relationships and the use of econometric models in forecasting. Prerequisite: 2110 and 2120 and MATH 1350.

Introduces the theory of consumer behavior and demand analysis. Empirical applications of consumer theory will be explored. Possible topics include: consumer safety, family budgeting, marketing research and the household production function approach. Prerequisite: 300.

Market concepts and health care issues. Economic assessment of the U.S. health care system. Explores physician supply and demand, hospitals, malpractice, pharmaceuticals, insurance and related topics. Prerequisite: 2110 and 2120.

Determinants of patterns of international trade and comparative advantage. Trade restrictions and gains from trade. International factor movements. Prerequisite: 300 and 309.