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UWM Undergraduate Catalog 2014-2015

College of Letters & Science

Economics

Economics is the study of choice. In a world with scarce resources (such as raw materials, labor, time), economists study how people choose to use those resources to make people as well-off as possible. The economics curriculum stresses both theory and application of important economic issues in society, such as unemployment, inflation, exchange rates, labor markets, economic development, environmental policies, and international trade and finance.

The Department of Economics offers a wide variety of courses in economic theory, policy, and statistics.

Course of Study: Major

The major in economics requires a minimum of 30 credits including the following:

Econ 103

Principles of Microeconomics

3

Econ 104

Principles of Macroeconomics

3

Econ 210*

Economic Statistics

3

Econ 301

Intermediate Microeconomics

3

Econ 302

Intermediate Macroeconomics

3

* Bus Adm 210 or MthStat 215 may be substituted for Econ 210 and will count in the major GPA.

At least 15 credits must be in upper-division (300-level and above) economics courses taken in residence at UWM. At least one course must be at the 400 level or above, excluding Econ 415. To major in economics, students must earn grades of at least C in Econ 103 and 104, attain at least a 2.5 GPA on all credits in the major attempted at UWM, and attain at least a 2.5 GPA on all major credits attempted when any transfer work is included along with the UWM work.

Research Requirement

All majors in economics must complete an independent research experience by selecting from the list below a 400- or 500-level course in which they will write and present a research paper. The contents of the paper and the presentation of the results will be arranged with the faculty member teaching the course.

* Eligible courses are Econ 403, 404, 405, 411, 413, 422, 426, 432, 437, 447, 448, 454, 455, 506, 513, 525, 529, and 699.

Honors in the Major

Departmental honors are awarded upon graduation to students who achieve a 3.00 GPA on all credits attempted, a 3.50 GPA on all credits that count toward the major, and a 3.50 GPA on all credits in advanced-level (numbered 300 and above) courses that count toward the major.

Optional Concentrations

The Department offers three optional concentrations within the major. While completing the major requirements outlined above, students may elect to complete one of the following sets of requirements:

1. International Economics ‹ three courses from the international module.

2. Quantitative Methods ‹ three courses from the quantitative methods module.

3. Graduate Preparation ‹ two courses each from the quantitative methods module and the economic theory module as follows:

Econ 413

Statistics for Economists

3

Econ 506

Mathematical Economics I

3

Econ 513

Econometrics

3

Econ 606

Mathematical Economics II

3

For courses that meet the requirements of each module, see the economics courses listings.

Course of Study: Minor

The minor in economics requires a minimum of 18 credits, including Econ 103, 104, 210* and 9 credits in upper-division (300-level or above) economics courses taken in residence at UWM. The College requires that students attain at least a 2.5 GPA on all credits in the minor attempted at UWM, and at least a 2.5 GPA on all minor credits attempted when any transfer work is included along with the UWM work.

* Bus Adm 210 or MthStat 215 may be substituted for Econ 210 and will count in the minor GPA.

Related Programs

For the teaching major and minor, see the School of Education section of this catalog.

A related special major is international studies; a related degree program is the BA in Global Studies.

Courses
Economics (ECON)

Faculty

Scott Adams, Assoc. Prof., PhD
Michigan State University

Swarnjit S. Arora, Prof., PhD
State University of New York at Buffalo
Director, Institute for Survey and Policy Research

Mohsen Bahmani-Oskoee, Distinguished Wilmeth Prof., PhD, Chair
Michigan State University
Director, Center for Research on International Economics

Keith Bender, Prof., PhD
Duke University

Niloy Bose, Prof., PhD
Virginia Tech

Avik Chakrabarti, Assoc. Prof., PhD
University of Michigan

Susan Donohue Davies, Adj. Asst. Prof., PhD
University of Wisconsin-Milwaukee

Scott D. Drewianka, Assoc. Prof., PhD
University of Chicago

Arthur W. Else, Assoc. Prof. Emeritus, PhM

Antonio Galvão, Assoc. Prof., PhD
University of Illinois at Urbana-Champaign

Chuan Goh, Asst. Prof., PhD
University of California, Berkeley

Laura Grant, Asst. Prof., PhD
University of California, Berkeley

John S. Heywood, Distinguished Prof., PhD
University of Michigan
Director, Master of Human Resources and Labor Relations

William L. Holahan, Prof. Emeritus, PhD

Sunwoong Kim, Prof., PhD
Massachusetts Institute of Technology

N. Kundan Kishor, Assoc. Prof., PhD
University of Washington

Sarahnn Kroeger, Asst. Prof., PhD
Boston University

Itziar Lazkano, Asst. Prof., PhD
University of Calgary

Tong Hun Lee, Prof. Emeritus, PhD

Vivian Lei, Assoc. Prof., PhD
Purdue University

Markos J. Mamalakis, Prof. Emeritus, PhD

Matthew McGinty, Assoc. Prof., PhD
University of California, Santa Cruz

G. Richard Meadows, Prof. Emeritus, PhD

Hamid Mohtadi, Prof., PhD
University of Michigan

Antu P. Murshid, Assoc. Prof., PhD
Rutgers University

Rebecca Neumann, Assoc. Prof., PhD
University of Colorado

Yoshio Niho, Prof. Emeritus, PhD

James A. Peoples, Prof., PhD
University of California, Berkeley

Richard W. Perlman, Prof. Emeritus, PhD

Eric Schenker, Prof. Emeritus, PhD

Suyong Song, Asst. Prof., PhD
University of California, San Diego

Owen Thompson, Asst. Prof., PhD
University of Massachusetts, Amherst

Filip Vesely, Assoc. Prof., PhD
Purdue University


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University of Wisconsin-Milwaukee Undergraduate Catalog 2014-2015:
Economics
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