COURSE DESCRIPTIONS
ECONOMICS
(ECO)

5003 Economic Theory and Policy
(3-0) 3 hours credit.
The opportunity for intensive study of micro- and macroeconomic concepts; the price system as it functions under competition, monopoly, and partial monopoly; national income measurement and determination; business cycles; money and banking; monetary policy; and fiscal policy and economic stabilization.

5023 Managerial Economics
(3-0) 3 hours credit. Prerequisites: ECO 5003 and MS 5003, or their equivalents.
Application of price theory to economic decisions of the firm. A problem-oriented approach emphasizing demand, production, and profit-maximizing conditions, and their implications for output and pricing strategies under various market structures and types of organization.

5033 Macroeconomic Issues
(3-0) 3 hours credit. Prerequisite: ECO 5003 or an equivalent.
Introduction to advanced macroeconomic theory and policy. Topics include indicators of overall economic activity, various models of the economy and stabilization policies, economic growth, inflation and unemployment, models of consumption, investment, and trade and their impact on policy effectiveness.

5303 International Trade and Finance
(3-0) 3 hours credit. Prerequisite: ECO 5003, an equivalent, or consent of instructor.
Classical and modern theories regarding trade patterns and commercial policies. Causes and consequences of international trade. International trade practices under varying commercial policy approaches. Balance of payments, foreign exchange markets, and exchange rate determination. International currency systems and policies. Regional monetary and economic integration.

5603 Public Finance and Fiscal Policy
(3-0) 3 hours credit. Prerequisite: Consent of instructor.
Theoretical rationale for collective action; incidence, equity, and efficiency of taxation methods; externalities and property rights; and fiscal management and debt financing.

5913 Antitrust: Legal and Economic Analysis
(3-0) 3 hours credit. Prerequisite: ECO 5003 or an equivalent.
An analysis of promoting and protecting competition through law. Antitrust implications of the managerial process are examined.

6103 Econometrics and Business Forecasting
(3-0) 3 hours credit. Prerequisite: ECO 5003, an equivalent, or consent of instructor.
Estimation and interpretation of econometric models. Classical and advanced forecasting methodologies, including regression analysis of multivariate time series, smoothing procedures, autoregressive integrated moving average (ARIMA) models, and vector autoregression. Application of computer-assisted forecasting methods to business and economic problems.

6203 Government and Business
(3-0) 3 hours credit. Prerequisite: ECO 5003 or an equivalent.
Study of the role of government in the marketplace. Economic analysis of market structure and industry performance; motivations for and the effects of antitrust laws, economic regulations of private business, and public ownership of business.

6313 Managerial Labor Economics
(3-0) 3 hours credit. Prerequisite: Consent of instructor.
Survey of wage theory; wage determination and structure of labor markets; employment opportunities, economic security, leisure, and technological change; and labor organizations and collective bargaining.

6543 Health Care Economics and Policy
(3-0) 3 hours credit. Prerequisite: ECO 5003 or an equivalent.
The application of economic principles and modeling to the health care marketplace. Students will be given the opportunity to apply theoretical and empirical economic analysis to business and public policy issues in the health care industry.

6553 Urban and Regional Economics
(3-0) 3 hours credit. Prerequisite: ECO 5003, an equivalent, or consent of instructor.
Economic aspects of regions and their cities, including growth and development processes; data sources and analytical methods; and analysis of urban issues such as transportation, land use, pollution, and public sector service delivery.

6943 Economics Internship
3 hours credit. Prerequisites: Graduate standing, 15 semester credit hours of graduate work, and consent of instructor.
Internship must be approved in advance by the Internship Coordinator and the student’s Graduate Advisor of Record. Cannot count as an economics elective toward an M.B.A. with a concentration in Business Economics. Supervised full- or part-time off-campus work experience and training in economics. Individual conferences and written reports required.

6951-3 Independent Study
1 to 3 hours credit. Prerequisites: Graduate standing and permission in writing (form available) of the instructor and the student’s Graduate Advisor of Record.
Independent reading, research, discussion, and/or writing under the direction of a faculty member. For students needing specialized work not normally or not often available as part of the regular course offerings. May be repeated for credit, but no more than 6 hours, regardless of discipline, will apply to a Master’s degree.

6961 Comprehensive Examination
1 hour credit. Prerequisite: Approval of the appropriate graduate program committee to take the Comprehensive Examination.
Independent study course for the purpose of taking the Comprehensive Examination. May be repeated as many times as approved by the Graduate Program Committee. Enrollment is required each term in which the Comprehensive Examination is taken if no other courses are being taken that term. The grade report for the course is either “CR” (satisfactory performance on the Comprehensive Examination) or “NC” (unsatisfactory performance on the Comprehensive Examination).

6971-3 Special Problems
(1-0, 2-0, 3-0) 1 to 3 hours credit. Prerequisite: Consent of instructor.
An organized course offering the opportunity for specialized study not normally or not often available as part of the regular course offerings. Special Problems courses may be repeated for credit when the topics vary, but no more than 6 hours, regardless of discipline, will apply to a Master’s degree.

6983 Master’s Thesis
3 hours credit. Prerequisite: Permission of the Graduate Advisor of Record and thesis director.
Thesis research and preparation. May be repeated for credit, but no more than 6 hours will apply to a Master’s degree.
Credit will be awarded upon completion of the thesis. Enrollment is required each term in which the thesis is in progress.

7013 Seminar in Microeconomic Theory
(3-0) 3 hours credit. Prerequisite: ECO 3013 or ECO 3033 or consent of instructor.
Decision problems faced by the household and firm; theories of consumer choice; theory of production, cost, markets, and pricing decisions in deterministic and stochastic settings.

7023 Seminar in Macroeconomic Theory
(3-0) 3 hours credit. Prerequisite: ECO 3053 or consent of instructor.
Macroeconomic models and their implications for forecasting and policy; determination of the interest rate, price level, wage rate, employment, and output; dynamic models of consumption, investment, and expectations; introduction to monetary economics and growth models.

7053 Quantitative Methods for Business and Economics
(3-0) 3 hours credit. Prerequisite: Consent of instructor.
A review of mathematical tools and their application in modeling and solving business and economic problems. Topics include linear algebra; linear systems and solution methods; special and multivariate functions; differential and integral calculus; constrained optimization and Lagrange method; and optimal control and dynamic programming.

7063 Econometrics
(3-0) 3 hours credit. Prerequisites: MS 1013, MAT 1033, STA 7013, and STA 7023 or equivalents, or consent of instructor.
A study of fundamental econometric techniques and applications. Topics include single equation models, least squares, and maximum likelihood estimation, properties of estimators, generalized least squares, general linear hypothesis, model selection techniques, simultaneous equations identification and estimation methods, distributed lag models, forecasting and time-series models.

7073 Topics in Economic Research
(3-0) 3 hours credit. Prerequisite: Consent of instructor.
Seminar on special topics in a particular area of research. These topics may include financial economics; econometrics; international economics; industrial organization; public economics; resources and energy; and government and business. May be repeated for credit when topics vary.