Economics

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Economics
The Clear Choice
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Why economics? Why UWM?
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Economics is an interesting and challenging
subject At UWM you will be trained by a strong
faculty Economics will help you develop skills
necessary to build a successful career
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So what is economics all about?
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One thing to remember
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Social Science Economics is a social science
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Economics is not all about money and trade
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Economics is about understanding human behavior
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Wide Applicability Economic models have wide
applicability
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Here are some recent questions asked by our
faculty
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Do smoking bans cause an increase in drunk
driving incidents?
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What is the risk of catastrophic terrorism?
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Are financial crises today more contagious than
in the past?
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Do businesses still not cater to gays?
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What makes retirees happy?
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Do Walmart stores reduce employment and wages in
the local retail sector?
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Do unilateral divorce laws discourage fertility
out of wedlock?
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Is foreign direct investment into the United
States good for black workers ?
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Do Bono and Bob have a clue? Should we forgive
poor-country debt?
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Does unionization increase the chance of plant
closures?
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Is corruption always a bad thing?
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The quality of your education is directly related
to the strength of the faculty
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The Faculty at UWM
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University of California at San Diego
University of Chicago
Duke University
Massachusetts Institute of Technology
Our faculty joined UWM after completing their
graduate work in some of the best schools in the
world
University of California at Berkeley
Brown University
University of Michigan
University of Washington
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Over the last ten years the Economics
Department has hired 12 new faculty members...
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...not including Dean Meadows and former
Chancellor Santiago, who are also economists
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Today our department is 21 strong With special
expertise in the fields of...
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Labor economics (ranked 35th)
Industrial Organization (ranked 47th) Economic
Development (ranked 51st) Urban Economics
(ranked 51st) International economics (ranked
53rd)
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Meet some of our faculty
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Scott J. Adams
...not the creator of Dilbert, though they share
the same name and sense of humor Our new
Director of Graduate Studies Associate
Professor, Field Labor Economics Ph.D.
Michigan State, 2000 Council of Economic
Advisors to the President, 2008-2009 Scotts
work has received media attention inThe Economist
and the Wall Street Journal
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James H. Peoples

Professor, Field Industrial Organization James
is the President of the Transportation and Public
Utilities Group and a Past President of the
National Economics Association. Ph.D.,
University of California at Berkeley
An expert on transportation and infrastructure,
he recently testified to the Presidents Council
of Economic Advisors at the White House.
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Vivian Lei
Vivians research has taken experimental
economics to new levels. She is a pioneer in the
field of experimental macroeconomics Associate
Professor, Fields Experimental Economics and
Macroeconomics Ph.D. Purdue University,
2000 Vivian has publications in the best
journals in economics including the American
Economic Review and Econometrica
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Keith A. Bender
Keiths accomplishments allow us to look past the
fact that he is a Miami Dolphins fan Associate
Professor, Field Labor Economics Ph.D. Duke,
1994 Social Security Administration
1998-1999 Keiths research is widely cited and
has received media coverage in such outlets as
the Wall Street Journal
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Mohsen Bahmani, Wilmeth Professor of
Economics Mohsen is the editor of two journals
and one of the most prolific economists today. He
is also a UWM Distinguished Professor.
Rebecca Neumann, Undergraduate Director Rebecca
received a Fullbright Scholarship in 2005 to
study Globalization and Europeanization in
Germany.
A few more faces...
William Holahan, Department Chair Bill was
recently listed among the professions 50 best
undergraduate economics instructors
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High School
Career
Economics
Can economics build a bridge between you and your
career?
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Mathematics
Analytical Ability
Studying economics will help you develop a broad
range of skills
Statistics
Writing Skills
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The result The Hot Major for Undergrads is
Economics In a global economy filled with
uncertainty, many students see economics as the
best vehicle for a job promising good pay and
security Wall Street Journal, July 2005
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Did you know that the average starting salary of
economics graduate is 50,885 By mid career
these salaries double to over 98,000 Wall
Street Journal
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Perhaps Money talks after all
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How have our students fared? Get ready to be
amazed
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Gary Hoover, Assistant Dean, University of Alabama
Geoff Wallace, Associate Professor, UW Madison
Nabil Latifa, Senior Economist, International
Monetary Fund
Some of our former students
Luis E. Arreaga-Rodas, U.S. Ambassador to Iceland
I-Ming Chiu, Assistant Professor, Rutgers
University
Sumit Agarwal, Economist, Federal Reserve Bank of
Chicago
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and many more are now pursuing successful careers
at...
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American Family Insurance, American Express,
Aurora Health Care, Bank Mutual Corporation, Bean
Street Cafe, Blommer Chocolate Company, Brewery
Credit Union, Center for Forensic Economic
Studies, Center for Naval Analysis, CFW Capital
Management Company, Columbia-St. Mary's Hospital,
ConocoPhillips, First Wisconsin Bank, Firstar
Information Services, Foley Lardner LLP, Frito
Lay, Fulcrum Consulting Services, GE Healthcare,
Harley-Davidson Motorbikes, Johnson Controls,
JPMorgan Chase, K-9 Friend Behavioral Counseling
LLC, Kemper Securities Investment Co.,
Kimberly-Clark Corporation, Landaas Co
Investments, Legal Aid Services of OK, Liberty
Bank, MI Bank, Merrill Lynch, Michael Best
Friedrich LLP, Miller Coors, Milwaukee Journal
Communications, Mutual Saving and Loan, North
Shore Bank, Northrop Grumman, Northwestern Coffee
Mills, Northwestern Mutual, Paratransit Inc,
Quarles Brady LLP, Potawatomi Bingo Casino, RFP
Commercial, Robert W. Baird Co., Rockwell
Automation, Time Warner Cable, TJ Maxx, Tri City
National Bank, United Airlines, US Bank, Vintage
Mutual Funds, WE Energies, Wisconsin Asset
Management
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Economics
the choice is simple.