UWM Undergraduate Catalog 2007-08

College of Letters and Science

Economics

Economists analyze and propose remedial policies for such socioeconomic problems as poverty, unemployment, inflation, environmental pollution, the health care crisis, monopoly power, urban decay, transportation failures, racial and sex discrimination, international trade, aid to less developed countries, and many more.

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 31 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

Recommended Course:

Bus Adm 201

Understanding and Using Financial Statements

3

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. Economics courses are grouped into different modules. No more than four of the elective courses in economics may be taken within a single course module. To major in economics, students must earn a grade of at least C in Econ 103 and 104, and they must earn a GPA of at least 2.5 in all economics courses attempted.

Research Requirement

All majors in economics must complete an independent research experience as part of their major requirements. This requirement will be satisfied by completing, in the context of any 400- (except 415) or 500-level course*, a one-credit independent study course (Econ 699) that includes a research paper and public presentation. 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 422, 426, 432, 437, 447, 448, 454, 455, 506, 513, and 529.

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 listing.

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 (9 credits in upper-division courses must be taken in residence at UWM).

* Bus Adm 210 may be substituted for Econ 210 and will count in the major or 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 B.A. in Global Studies.

Faculty

Scott Adams, Asst. Prof., Ph.D.
Michigan State University

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

Mohsen Bahmani-Oskoee, Wilmeth Prof., Ph.D.
Michigan State University
Director, Center for Research on International Economics

Keith Bender, Assoc. Prof., Ph.D.
Duke University

Niloy Bose, Assoc. Prof., Ph.D.
Virginia Tech

Avik Chakrabarti, Assoc. Prof., Ph.D.
University of Michigan

Scott D. Drewianka, Asst. Prof., Ph.D.
University of Chicago

Arthur W. Else, Assoc. Prof. Emeritus, Ph.M.

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

William L. Holahan, Prof., Ph.D.
Brown University

Sunwoong Kim, Prof., Ph.D., Chair
Massachusetts Institute of Technology

Tong Hun Lee, Prof. Emeritus, Ph.D.

Vivian Lei, Asst. Prof., Ph.D.
Purdue University

Markos J. Mamalakis, Prof., Ph.D.
University of California, Berkeley

Matthew McGinty, Asst. Prof., Ph.D.
University of California, Santa Cruz

G. Richard Meadows, Prof., Ph.D.
Washington University
Dean, College of Letters and Science

Hamid Mohtadi, Prof., Ph.D.
University of Michigan

Antu P. Murshid, Asst. Prof., Ph.D.
Rutgers University

Rebecca Neumann, Asst. Prof., Ph.D.
University of Colorado

Yoshio Niho, Prof., Ph.D.
Brown University

James A. Peoples, Prof., Ph.D.
University of California, Berkeley

Richard W. Perlman, Prof. Emeritus, Ph.D.

Carlos Santiago, Prof., Ph.D.
Cornell University
Chancellor

Eric Schenker, Prof. Emeritus, Ph.D.

Leon M. Schur, Prof. Emeritus, Ph.D.

Kamil Tahmiscioglu, Assoc. Prof., Ph.D.
University of Southern California

Filip Vesely, Asst. Prof., Ph.D.
Purdue University
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University of Wisconsin-Milwaukee Undergraduate Catalog 2007-08:
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