ECONOMICS (ECO) COURSE DESCRIPTIONS
2003 Introduction to Political Economy [TCCN: ECON 1301.]
(3-0) 3 hours credit.
A nontechnical introduction to economic concepts such as scarcity, costs and benefits, supply and demand, trade, employment, and growth, with applications to current economic issues and policies. May not be counted toward a major in economics, but may be counted as a free elective for College of Business students.
2013 Introductory Macroeconomics [TCCN: ECON 2301.]
(3-0) 3 hours credit. Prerequisite: Placement into a college-level mathematics course.
Economic analysis at the national level, including the determination of aggregate income and employment, operation of the domestic and international monetary systems, short-term income fluctuations, and long-term economic growth.
2023 Introductory Microeconomics [TCCN: ECON 2302.]
(3-0) 3 hours credit. Prerequisite: Placement into a college-level mathematics course.
An introduction to the economic theory of decision making by consumers and business firms; an analysis of the domestic and international market systems and their roles in allocating goods and services; and problems of market failure.
2951-3 Special Topics in Political Economics
(1-0, 2-0, 3-0) 1 to 3 hours credit. Prerequisite: Consent of instructor.
An organized course offering the opportunity for specialized study of issues in political economy not normally or not often available as part of the regular course offerings. Special Topics in Political Economics may be repeated for credit when topics vary, but not more than 6 semester credit hours will apply to a bachelor’s degree. May not be counted toward a major in economics, but may be counted as a free elective for College of Business majors.
3013 Theory of Price
(3-0) 3 hours credit. Prerequisites: ECO 2013, ECO 2023, and MAT 1033, or their equivalents.
Operations of individual markets, market structure, theory of the firm, theory of production, demand theory, general equilibrium, and welfare economics.
3033 Economics of Managerial Decisions
(3-0) 3 hours credit. Prerequisites: ECO 2013, ECO 2023, and MAT 1033, or their equivalents.
Managerial economic decisions in firms and related entities. Topics include demand analysis, least-cost production, profit strategy, the influence of various market structures on the firm, advanced issues in pricing, and the impact of the international sector.
3053 Aggregate Economic Analysis
(3-0) 3 hours credit. Prerequisites: ECO 2013 and ECO 2023, or their equivalents.
Analysis of the measurement, determination, and control of aggregate economic activity; the monetary system in relation to income and employment; short-term income fluctuations; and long-term growth.
3113 Introduction to Mathematical Economics
(3-0) 3 hours credit. Prerequisites: Completion of or concurrent enrollment in ECO 3013, ECO 3033, ECO 3053, or the equivalent; MAT 1033 or the equivalent; or consent of instructor.
Systematic approach to economic analysis using basic mathematical tools; treatment of optimizing behavior with applications to consumer and business firms; emphasis on understanding and application of analytical techniques.
3123 Introduction to Econometrics and Business Forecasting
(3-0) 3 hours credit. Prerequisites: IS 3003, MS 1023, and MAT 1033, or their equivalents, or consent of instructor.
Measurement in economics and business that strives to mix the development of technique with its application to economic analysis. Major topics include the nature of economic and business data, specific forms of modeling and forecasting, and the use of microcomputer programs in econometric modeling and forecasting.
3163 Evolution of Economic Thought
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2013, ECO 2023, the equivalent, or consent of instructor.
Development of economic theories, models, and schools of thought from the birth of market economies to the present, with an emphasis on the historical, institutional, and social forces shaping economic thinking and public policy.
3183 Economic History of the United States
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2013, ECO 2023, the equivalent, or consent of instructor.
The growth and development of the American economy from colonial times to the present; emphasis on applying a variety of economic concepts to a topical study of the economic forces that shaped the country’s history.
3193 International Economics
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2013, ECO 2023, the equivalent, or consent of instructor.
Principles of international trade; significance of geographic, economic, social, and political influences; current problems in international trade and payments; tariffs and commercial policy; and the role of international organizations. (Formerly titled The International Economy.)
3213 Economics of Antitrust and Regulation
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2023, the equivalent, or consent of instructor.
Theory and practice of governmental regulation, deregulation, and privatization; economic, legal, and ethical concerns regarding private-sector output; and pricing as influenced by public policy and marketing structure.
3253 Economics of Public and Social Issues
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2013, ECO 2023, the equivalent, or consent of instructor.
A seminar on applying economic reasoning and models to a wide variety of public, ethical, and social issues. Uses advanced techniques in political economy.
3263 Industrial Organization
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2023, the equivalent, or consent of instructor.
Theory and empirical evidence relating to the structure of American industry and its effect on the firm’s conduct and performance, government policy, and regulation.
3273 Public Sector Economics
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2023, the equivalent, or consent of instructor.
Role of government in the marketplace; cost-benefit analysis; spending and regulatory alternatives; efficiency and equity analysis of taxes; incentives within government; and public policy issues.
3283 Labor Economics
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2013, ECO 2023, the equivalent, or consent of instructor.
Theories of wages and employment determination; U.S. labor history, comparative labor movements, and contemporary labor problems.
4273 Environmental and Resource Economics
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2023, the equivalent, or consent of instructor.
Economic principles applied to natural resource and environmental problems; relationship of market and nonmarket forces to environmental quality and demands for natural resources; and development of tools for policy analysis.
4303 Economics of Developing Countries
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, ECO 2013, the equivalent, or consent of instructor.
Specific economic problems of developing countries and national groupings; basic approaches to economic
development; major proposals for accelerating development; role of planning; and trade, aid, and economic integration. (Formerly titled Economic Problems of Developing Countries.)
4911-3 Independent Study
1 to 3 hours credit. Prerequisites: Permission in writing (form available) from the instructor, the student’s advisor, the Department Chair, and the Dean of the College of Business.
Independent reading, research, discussion, and/or writing under the direction of a faculty member. May be repeated for credit, but not more than 6 semester credit hours of independent study, regardless of discipline, will apply to a bachelor’s degree.
4933 Internship in Economics
3 hours credit. Prerequisites: 12 semester credit hours of upper-division economics, an overall 2.5 grade point average, and permission in writing from the instructor, the Department Chair, and the Dean of the College of Business. See the College of Business Undergraduate Advising Center for required forms.
This opportunity for work experience in research or applied economics may be undertaken either in private business or a public agency; opportunities are developed in consultation with the faculty advisor and Department Chair and require approval of both. This course will not count as a required economics course. Internships may be repeated (a total of 6 semester credit hours) provided the internships are with different organizations.
4951-3 Special Studies in Economics
(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 Studies may be repeated for credit when topics vary, but not more than 6 semester credit hours, regardless of discipline, will apply to a bachelor’s degree.
4993 Honors Thesis
3 hours credit. Prerequisite: Enrollment limited to students applying for Honors in Economics (see page 55).
Supervised research and preparation of an honors thesis. May be repeated once for credit with advisor’s approval.