Economics on a national scale: determination of national income, employment level, inflation and impact of policies affecting money supply, interest rates and government programs. Current macroeconomic issues and problems. Prerequisite for most upper-division courses. Meets New Mexico Lower Division General Education Common Core Curriculum Area IV: Social/Behavioral Sciences (NMCCN 2113).

Exploration of individual consumer behavior, production decisions by the firm and supply and demand relationships in the marketplace. Examination of the international dimension of production and consumption choices. Prerequisite for most upper division courses. Meets New Mexico Lower Division General Education Common Core Curriculum Area IV: Social/Behavioral Sciences (NMCCN 2123).

Topics will vary, but all introduce students to economics approaches by studying contemporary and historical social issues.

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: 105 and 106 and (307 or MATH 162 or MATH 180).

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: 105 and 106 and (307 or MATH 162 or MATH 180).

Introduces math, data, and writing skills that are essential for understanding, interpreting and communicating economics concepts. Prerequisite: MATH 121 or MATH 150 or ACT Math =>26 or SAT Math Section =>620 or ACCUPLACER College-Level Math =>100. Pre- or corequisite: 105 or 106.

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: 105 and 106 and STAT 145.

Nature of modern firms and markets: relationship of market structure, conduct and performance, including analysis of antitrust policy, public utility regulation and 'deregulation' of some industries. Prerequisite: **300.

Spatial nature of economics: housing markets, natural hazard and technological risks, local and regional public finance, transportation issues, environmental problems and the relationship of regional and urban economies to national and international economies. Prerequisite: **300.

Use and management of natural resources and systems useful to humans. Issues include: why natural resources are important, economic growth impact, optimal exploitation and identification and management of environmental concerns. Prerequisite: **300.

Development of the principle economic doctrines and schools of economic thought from the Physiocrats to Keynes. Prerequisite: 105 and 106.

Theories of consumption, investment and money demand. Models of economic growth. Introduction to open economy macroeconomics. Macro modeling and analysis of economic policies, using actual data and computer models. Prerequisite: **303.

Specialized topics in health care economics including medical education, national health insurance, comparative systems, drug industry and other contemporary issues. Emphasis on empirical applications in the study of health care issues. For course content, consult the economics department. Course may be repeated without limit provided the topics vary. Prerequisite: **300 and **309 and **335.

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.

(Also offered as POLS 478) Designed to provide seniors from any discipline an opportunity to apply an international perspective to their undergraduate training. Each student will present a term project drawing upon his or her particular background and relating it to international matters. Restriction: senior standing.

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.

Theory and applications: ordinary and generalized least squares, hypothesis testing, dummy variable and distributed lag models; simultaneous equation and two stage least square models; forecasting. Emphasis on computer modeling. Prerequisite: 508.

Competitive equilibrium and welfare economics. Topics from imperfect competition, decision making under uncertainty, introduction to game theory and distribution theory. Prerequisite: 501 and 504.

Dynamic macroeconomics. Optimal economic policy. Theories of economic growth. Prerequisite: 504 and 506.

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 with an emphasis on empirical. Models of natural resource utilization. Energy, minerals, fisheries, forest resources, ground- and surface water, and environmental and ecological stocks. Prerequisite: 501 and 504.

(Also offered as WR 572) Use of technical models in water resources management addresses conceptual formulation and practical application of models from administrators perspective. Lab focuses on use of graphic aids to explain technical information. {Spring}

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.

Applications of economic theory and empirical analysis including information and agency problems, organization of markets for health care, and influence of government policies on medical innovation and population health. Prerequisite: 509 and 513.

Topics in international/sustainable development . Emphasis on empirical modeling and analysis, using data for developing countries. including large-scale surveys. Exposure to econometric methods, simulations, GIS applications, and macro/micro-development modeling tools. Prerequisite: 501 and 506 and 510.

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.