The Department of Economics offers the M.A. degree in economics, with concentrations in Environmental/Natural Resource Economics, Public Finance, Labor/Human Resources Economics, International Development and Sustainability, Econometrics or Economic Theory. The master’s degree is awarded under Plan I (thesis) or Plan II (exam).
The Department of Economics offers the Ph.D. degree with concentrations in Environmental and Natural Resource Economics, Public Economics, and International Development and Sustainability. The Ph.D. degree is awarded to students who have met the general requirements specified elsewhere in this catalog and have demonstrated competency in economic theory (micro and macro), econometrics, and their concentration (9 hours). See the Economics Graduate Student Handbook for specific requirements.
Applicants to the Department of Economics M.A. and Ph.D. Programs:
Recommended undergraduate course work consists of 12 upper-division economic hours including one semester of intermediate micro theory and macro theory. Students are required to have completed one semester of calculus (preferably the equivalent of UNM’s MATH 162 or MATH 180). If you are considering a Ph.D., a course in Linear Algebra or Matrices is also strongly recommended. (e.g. UNM’s MATH 314 or MATH 321).
All applicants must submit their current (within the last three years) GRE-General Test Scores (verbal, quantitative, and analytical). International students, for whom English is not their first language or if English is not the official language spoken in their country, must submit results of either the International English Language Testing System (IELTS), the Test of English as a Foreign Language (TOEFL), the University of Cambridge Examinations Certificate of Proficiency in English (CPE), or Certificate of Advanced English (CAE).
The University of New Mexico (UNM) has a two part submission process for domestic applicants with some materials sent directly to the Office of Admissions, and other materials sent directly to the Department of Economics. The Office of Admissions collects the Application, Application Fee, GRE Scores, and, eventually, official transcripts (please see below). Applicants may complete either an electronic application or a paper application. Detailed instructions, as well as the applications themselves, may be found at the Office of Admissions website.
As mentioned above, the Department of Economics requires applicants to provide current (within three years) GRE Scores. Results of the GRE should be sent directly to UNM by ETS; UNM's code is 4845 and the department code is 1801. For testing information, study aids, and other general questions, visit the ETS website.
The Department of Economics collects the CV (curriculum vitae or resume, including current contact information), Statement of Intent, three Letters of Recommendation, and Official Transcripts from each institution of higher learning that the applicant has attended. The Department of Economics will forward all official transcripts to the Office of Admissions, so the applicant does not need to supply a second set of transcripts to the Office of Admissions. Although not required, UNM has a Supplemental Form we would like to accompany your Letters of Recommendation. Additionally, you may find our Application Checklist as well as Guidelines for Writing Your Letter of Intent useful tools when completing and putting together your application materials. And Please see our Frequently Asked Questions page for answers to many common problems and issues.
These materials should be submitted directly to:The Department of EconomicsMSC 05-30601 University of New MexicoAlbuquerque, NM 87131-0001
It is highly recommended that international applicants carefully read the International Admissions Guidelines section of theAdmissions & Recruitment Services website. Beyond all of the above requirements, international applicants must also submit certified English translations of all of their academic records. Additionally, international applicants must submit their results of the TOEFL, or other acceptable English Proficiency Test.
The Department of Economics admits for the Fall term only. Please do not apply for Spring or Summer because your application will not be reviewed.
March 1st: Applicants seeking financial aid & ALL International Applicants
July 1st: Domestic Applicants not seeking financial aid
All domestic students are encouraged to fill out the FAFSA form, in order to qualify for any income based scholarships that may be available. The earlier this form is submitted, the greater likelihood of need based aid being awarded. Please visit the FAFSA website for more information.
The Department of Economics looks forward to reviewing your application. If you should have any questions regarding the required materials, the application process, or for additional information on our graduate program, please do not hesitate to contact our Academic Advisor (firstname.lastname@example.org, 505-277-3056), or our Graduate Director, Jennifer Thacher (email@example.com, 505-277-1965).
Students who study economics at the graduate level may pursue careers in academia as researchers or instructors. Others may prefer to find work outside of academia, either directly after graduation or after obtaining a professional degree. Graduate study in economics is well suited for students planning on attending professional programs in law, public administration, or business; or for students planning to enter any field of work that makes use of people skills, a high capacity for quantitative reasoning, and the ability to read and write analytically. Graduates may find themselves working in research or advisory positions for government agencies, businesses, or non-profit organizations; or working as analysts for banks or other financial institutions. Obtaining a master's degree may also qualify students who hold positions in public education or civil service for automatic pay increases based on their employers salary schedule.
The Bureau of Labor Statistics cites median annual salaries of $89,450 for economists, $112,760 for lawyers, $60,570 for market research analysts, and $78,160 for management analysts. Note that some of these professions require post-graduate study beyond a master’s degree in economics.
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition