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180 ARTS AND SCIENCES
analytical). All international students are required to submit
their TOEFL scores.
Economics (ECON)
105. Introductory Macroeconomics. (3)
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. Meets
New Mexico Lower Division General Education Common Core
Curriculum Area IV: Social/Behavioral Sciences (NMCCN
2113). (Prerequisite for most upper-division courses).
106. Introductory Microeconomics. (3)
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. Meets New
Mexico Lower Division General Education Common Core
Curriculum Area IV: Social/Behavioral Sciences (NMCCN
2123). (Prerequisite for most upper division courses.)
203. Society and the Environment. (3)
(Also offered as CRP 203.) Introduction to environmental
and natural resource issues of both global and local scale.
Investigates basic causes and consequences of environmental
problems including interrelated physical and social
science dimensions.
212. Personal Investing. (3)
Investment options available to the individual will be analyzed
in terms of economic theories of capital markets. Risk, value,
returns and portfolio analysis.
239. Economics of Race and Gender. (3)
Examines economic situation of women and minorities in the
United States. Explores effects of race, gender and ethnicity
on the economic performance of workers and evaluates various
strategies for social change.
**300. Intermediate Microeconomics I. (3)
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.
Prerequisites: 105 and 106.
**303. Intermediate Macroeconomics I. (3)
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.
Prerequisites: 105 and 106.
**309. Introductory Statistics and Econometrics. (3)
Introductory statistics, probability, probability distributions and
hypothesis testing. Basic econometric techniques emphasizing
estimation of economic relationships and the use of
econometric models in forecasting.
Prerequisites: 105 and 106 and STAT 145.
**315. Money and Banking. (3)
Principles of money, credit and banking; organization and
operation of the banking system; and the relationship between
money, banking and the level of economic activity.
Prerequisites: 105 and 106.
*320. Labor Economics. (3)
Determinants of labor force, wage levels and structures,
and employment; human capital theory and discrimination,
economic consequences of trade union and government
intervention.
Prerequisites: 105 and 106.
*321. Development Economics. (3)
Theories of development and growth. Problems facing
developing countries and possible solutions. Historical case
studies of some developing countries.
Prerequisites: 105 and 106.
*330. Consumer Economics. (3)
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.
Prerequisites: 105 and 106.
*331. Economics of Poverty and Discrimination. (3)
Explores trends in income distribution especially across and
within groups and examines theories explaining behavior and
outcomes. Public policy concerning poverty and discrimination
is studied and discussed.
Prerequisites: 105 and 106.
*332. Economics of Regulation. (3)
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.
Prerequisites: 105 and 106.
*333. Industrial Organization. (3)
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.
Prerequisites: 105 and 106.
*335. Health Economics. (3)
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.
Prerequisites: 105 and 106.
*341. Urban and Regional Economics. (3)
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.
Prerequisites: 105 and 106.
342. Environmental Economics. (3)
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.
Prerequisites: 105 and 106.
*343. Natural Resource Economics. (3)
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.
Prerequisites: 105 and 106.
*350. Public Finance. (3)
(Also offered as POLS 350.) Taxation, governmental borrowing,
financial administration and public expenditures.
Prerequisites: 105 and 106 and 300.
*360. History of Economic Thought. (3)
Development of the principle economic doctrines and schools
of economic thought from the Physiocrats to Keynes.
Prerequisites: 105 and 106.
395. Seminar in Current Economic Issues. (1-3, no
limit) ∆
Topics will vary. Offered on an occasional basis. For course
content, consult the economics department.
Prerequisites: 300 and 303.
*403. Intermediate Macroeconomics II. (3)
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.
UNM CATALOG 2006–2007 Symbols, page 611.