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.

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.

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.

Topics will vary. Offered on an occasional basis. For course content, consult the economics department. Course may be repeated without limit provided the topics differ. Prerequisite: 300 and 303.

This course develops fundamental economic theory using differential calculus and linear algebra and emphasizes the methodology of constructing and applying appropriate models in quantitative analysis with an emphasis on static and dynamic optimization. Pre-requisites: 300, 303, and 309 or permission of instructor.

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.

A faculty-directed exploration of a specific topic through reading, discussion, and critique. 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.

Faculty-supervised investigative study that results in the development and writing of an undergraduate Senior-level thesis. Prerequisite: 498.

This course develops fundamental economic theory using differential calculus and linear algebra and emphasizes the methodology of constructing and applying appropriate models in quantitative analysis with an emphasis on static and dynamic optimization. Restriction: admitted to M.A. Economics or Ph.D. Economics or permission or instructor.

Micro foundations of macroeconomics. Introduction to dynamic macroeconomics; optimal economic policy; and theories of economic growth. Restriction: admitted to M.A. Economics or Ph.D. Economics.

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.

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.

Causes and consequences of environmental externalities. Design and implementation of alternative policy instruments. Theory and methods to measure economic value of market and non-market environmental services. Prerequisite: 501 and 504.

(Also offered as WR 572) Practical aspects of the different technical models used by water resources professionals; hydrological, economic, ecological, etc. Students use models to solve problems. Emphasis on oral, written and graphic communication. Prerequisite: (2120 or 300) and (CE 541 or CE 542 or EPS 562 or WR 576) and WR 571.

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.

Introduction to advanced study of public economics, including theoretical and empirical analysis of market failures and government interventions. Topics include externalities and public goods, social insurance programs, education policies, optimal taxation, income distribution, and government expenditures. Prerequisite: 501 and 508.

Role of foreign direct investment, foreign aid, remittances, and other financial flows for economic development and growth. Causes and consequences of currency and financial crises in developing countries. Balance of payments problems, international debt, and structural adjustment programs. 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.

Faculty-supervised investigative study that results in the development and writing of a master’s thesis. Offered on a CR/NC basis only.

Faculty-supervised investigative study that results in the development and writing of a doctoral dissertation. 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.

This is an economics course with no prerequisites. Consequently it should be considered introductory, however it offers a wide-ranging overview of personal finance and the role financial assets can play in achieving personal financial goals. This course won’t make you a millionaire, nor will it prepare you for a career as a hedge-fund manager. The goal is to increase your understanding of how financial markets work, and how to use financial assets as part of a life-long financial strategy. Your understanding of financial markets will be enhanced by learning the tools of economics, incorporating knowledge of human behavior, and becoming familiar with particular aspects of financial markets and assets.

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).

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.

Computer modeling of economic time series using univariate Box-Jenkins models and multivariate vector autoregressive models. Intervention models to assess policy impacts such as gun control, environmental law, tax changes and social programs. Prerequisite: 309.

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