COURSE DESCRIPTIONS
ECONOMICS
(ECO)
2003 Introduction to Political Economy
(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 urrent 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.
TCCN: ECON 1301.]
2013 Introductory Macroeconomics
(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. [TCCN:
ECON 2301.]
2023 Introductory Microeconomics
(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. [TCCN:
ECON 2302.]
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 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, 3033, 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 Forecasting Techniques in Business and Economics
(3-0) 3 hours credit. Prerequisites: MAT 1033, MS 1013, and IS 3003, or their
equivalents.
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.
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, 2013, 2023,
or the equivalent.
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 The International Economy
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, 2013, 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.
3213 Government Regulation of Industry
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, 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, 2013, 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, 2023, or
the equivalent.
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. Prerequisites: One of the following: ECO 2003, 2023, or
the equivalent.
Role of government in the marketplace; cost-benefit analysis; spending and regulatory
alternatives; efficiency and equity analysis of taxes; incentives within government;
public policy issues.
3283 Labor Economics
(3-0) 3 hours credit. Prerequisite: ECO 2003, 2013, 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: ECO 2003, 2023, or the equivalent.
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 Economic Problems of Developing Countries
(3-0) 3 hours credit. Prerequisite: One of the following: ECO 2003, 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.
4473 Doing Business in Mexico
(3-0) 3 hours credit.
An overview of international business activities in Mexico, including such topics
as the economics of Mexico, the Mexican legal system, NAFTA, Mexican accounting
and taxation, international joint ventures, cross-cultural differences, and
business protocol.
4913 Independent Study
3 hours credit. Prerequisite: 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 Undergraduate
Business Advising Office 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.
4953 Special Studies in Economics
(3-0) 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 33).
Supervised research and preparation of an honors thesis. May be repeated once
for credit with advisor's approval.