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University Catalog

Department of Economics

Edward B. Barbier, Department Chair
225E Business Building
Phone: (307) 766-2175, FAX: (307) 766-5090
Website: http:/www.uwyo.edu/EconFin/

John S. Bugas Professor of Economics

EDWARD B. BARBIER, B.A. Yale College, Yale University 1979; M.Sc. London School of Economics 1980; Ph.D. Birkbeck College, University of London 1986; Professor of Economics 2000.

Knobloch Wyoming Excellence Chair in Conservation Economics and Finance

H. JO ALBERS, B.S. Duke University 1985; M.E.S. Yale University 1987; Ph.D. University of California at Berkeley 1993; Professor of Economics 2014.

H.A. (Dave) True, Jr. Chair in Petroleum and Natural Gas Economics

CHARLES F. MASON, A.B. University of California 1977; Ph.D. 1983; Professor of Economics 1994, 1982.

Stroock Professor of Natural Resource and Environmental Economics

JASON F. SHOGREN, B.A. University of Minnesota-Duluth 1980; Ph.D. University of Wyoming 1986; Professor of Economics 1995.

Professors

TIMOTHY J. CONSIDINE, B.A. Loyola University 1975; M.S. Purdue University 1977; Ph.D. Cornell University 1981; Professor of Economics 2008.
OWEN R. PHILLIPS, B.A. Stanford University 1974; Ph.D. 1980; Professor of Economics 1995, 1985.

Associate Professors

DAVID M. AADLAND, B.A. Augustana College 1991; M.S. University of Oregon 1996; Ph.D. 1997; Associate Professor of Economics 2005, 2003.
DAVID C. FINNOFF,
B.S. University of Wyoming 1994; Ph.D. 2001; Associate Professor of Economics 2010, 2004.
ROBERT GODBY, B.S. Trent University 1990; M.A. University of Guelph 1992; Ph.D. McMaster University 1997; Department Chariman, Center for Energy Economics and Public Policy Director, and Associate Professor of Economics 2003, 1997.
THORSTEN M. JANUS, B.A. University of Copenhagen 2000; M.A. University of California at Santa Cruz 2003; Ph.D. 2006; Associate Professor of Economics 2012.
KLAAS T. VAN ‘T VELD, B.Sc. University of London 1992; M.S. University of California-Berkeley 1993; Ph.D. 1997; Associate Professor of Economics 2010, 2004.

Assistant Professors

BENJAMIN COOK, B.S. University of Wyoming 2003; Ph.D. 2011; Visiting Assistant Professor/Enhanced Oil Recovery Institute 2012.
BENJAMIN T. GILBERT,
B.A. Whitman College 1999; Ph.D. University of California, San Diego 2011; Assistant Professor of Economics 2011.
FELIX NASCHOLD, B.S. University of London 1994; M.S. 1995; Ph.D. Cornell University 2008; Assistant Professor of Economics 2014.
ALEXANDRE SKIBA,
Specialist Diploma Rivne State Technical University 1999; M.S. Purdue University 2001; Ph.D. 2003; Assistant Professor of Economics 2012, 2008.
LINDA THUNSTROM, M.S. Umea University, Sweden 1999; Ph.D. Umea University, Sweden 2008; Assistant Professor of Economics 2013.

Academic Professionals

JOANNE C. BARBIER, B.S. University of London 1988; M.S. 1991; Ph.D. 2000; Assistant Lecturer in Economics 2000.
AMBER BROWN, B.S. Wellesley College 1984; M.A. University of Kansas 1993; Assistant Lecturer in Economics 2013.

Professors Emeriti

Curtis A. Cramer, Thomas D. Crocker, William E. Morgan, Sherrill Shaffer, John T. Tschirhart

Business Economics Major

The science of efficient allocation, economics
has much to offer students in the way of general and specialized preparation for positions in business, as well as government and the academic profession.

In addition to university and college requirements cited previously, requirements for business economics majors include:          

  1. ECON 3010, 3020, 4240 (9 hours)
  2. Economics electives - 15 hours (4000-level)

A complete curriculum sheet is available from the College of Business Academic Advising Office, in room 175 West of the College of Business building.

All economics majors must comply with requirements of the advanced business prerequisites for enrollment in upper-division courses.

Economics majors must hold a 2.50 cumulative grade point average in all economics courses at graduation, as well as a minimum 2.50 cumulative UW grade point average and a minimum 2.50 grade point average in all College of Business courses.

With approval of the department chair, students may substitute work in certain areas of accounting, agricultural economics, business administration, history, political science, finance, mathematics, statistics or law for 6 hours of 4000-level economics courses.

Students who intend to continue on to graduate work are urged to give special attention to courses in economics theory, statistics and mathematics. Those planning a career in econometrics or mathematical economics should consult the department head as to mathematics and statistics requirements in these fields of study.

Economics Undergraduate Major

The economics major in the College of Business must complete 30 semester hours in economics courses.

Basic requirements for the B.S. degree include: ECON 1010, 1020, 3010, 3020, 4240 or 4250, and 15 hours of upper level economics electives; STAT 2010 or 2070 and one year of calculus sequence, MATH 2200 and 2205, or 2350 and 2355. Upon securing the approval of the department head, a student may substitute work in certain areas of accounting, agricultural economics, business administration, history, political science, finance, mathematics, statistics or law for 6 hours of the 4000-level economics electives.

This program allows considerable flexibility for the student to specialize in interdisciplinary study. For example, the student can be advised on selecting upper level division courses for pre-law study, political economy, environmental and natural resources, women's studies, and international studies.

Students who intend to continue in graduate work are urged to give special attention to courses in economic theory, statistics and mathematics. Those planning a career in mathematical economics or econometrics should consult the department head regarding the mathematics and statistics requirements in these fields of study.

A complete curriculum sheet is available from the College of Business Academic Advising Office.

Graduate Work

The College of Business Department of Economics offers programs leading to the Master of Science degree, and to the Ph.D. degree.

Graduate Study

The Department of Economics offers programs leading to a master of science degree in economics and the doctor of philosophy degree in economics.

Program Specific Admission Requirements

Economics Program

Admission to the economics program is granted to students who show high promise of success. Candidates of high promise generally have a cumulative grade point average of 3.000 or better (A=4.000) and score at or about the 65th percentile or better on both the verbal and quantitative sections of the GRE. It should be noted that attainment of the minimal GPA and GRE does not necessarily constitute automatic admission.

The TOEFL is required for international students. See the department web site for minimum scores required.

In addition to the minimum requirements, the Department of Economics and Finance requires that students have completed courses in intermediate micro and macro theory (ECON 3010, 3020 or equivalent) and 6 hours of introductory calculus (MATH 2200, 2205 or equivalent). A course in linear algebra (MATH 2050) is recommended but not required. No graduate credit is given for making up these deficiencies. In addition, an entering student may be required to take an examination to aid in planning his or her course of study.

Program Specific Degree Requirements

Master of Science in Economics

A minimum of 18 hours in economics is required; at least 15 of these must be at the 5000 level. A basic core sequence of ECON 5010, 5020, and 5330 (math econ) must be taken and is credited toward the 15 hours of 5000-level courses required. Also, ECON5300 and ECON 5340 are required.

The student must complete 26 hours of coursework and 4 hours of ECON 5960 Thesis Research for the Plan A option. The student must complete 30 hours of coursework and a shorter paper for the Plan B option.

Students may take 4000-level courses for graduate credit up to 12 hours.

A maximum of 6 semester hours of graduate coursework not used toward any other degree from another institution may be applied to the M.S. economics program subject to regulations regarding transfer of credit listed in this bulletin and with the approval of the director of graduate studies.

At the beginning of the second semester, the student selects a major professor who directs the Plan A or Plan B research. A graduate committee, nominated by the major professor, the student, and the department chair, conducts an oral examination of the student on the paper or thesis and area he/she has studied in the program. A favorable report by the committee and approval by the Office of the Registrar complete the degree requirements.

The majority of students complete the M.S. degree within two years.

Doctoral Program

Doctor of Philosophy in Economics

The doctor of philosophy degree in the field of economics at the University of Wyoming requires a minimum of 42 hours of coursework. At least 30 of these must be at the graduate (5000) level. A maximum of 12 credit hours at the 4000-level can be applied.

The program is designed to give the student a strong foundation in economic theory and the basic quantitative tools necessary for professional research. Students are required to take a core sequence consisting of both theory and econometrics courses, and must pass a preliminary examination to stay in the program.

During the third year, or no later than the fall semester of the fourth year, a graduate committee nominated by the student’s major professor and the director of graduate studies conducts an oral examination of the student. The purpose of the oral examination is to determine whether the student has formulated a workable dissertation project and has the necessary skills to complete it.

Following successful completion of the dissertation, and completion of a departmental requirement of 30 hours of dissertation research, the student presents an oral defense to the graduate committee. The doctor of philosophy degree is granted on recommendation of the committee and approval by the Office of the Registrar, providing all other requirements have been satisfactorily fulfilled.

Economics (ECON) Courses


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