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Economics (ECO) Course Descriptions

Department of Economics, College of Business


ECO 2003  Economic Principles and Issues [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. (Formerly titled “Introduction to Political Economy.”)

ECO 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.

ECO 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.

ECO 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.

ECO 3013  Theory of Price
(3-0) 3 hours credit. Prerequisites: Completion of ECO 2013, ECO 2023, and MAT 1033, or their equivalents, with a grade of “C-” or better.
Operations of individual markets, market structure, theory of the firm, theory of production, demand theory, general equilibrium, and welfare economics.

ECO 3033  Economics of Managerial Decisions
(3-0) 3 hours credit. Prerequisites: Completion of ECO 2013, ECO 2023, and MAT 1033, or their equivalents, with a grade of “C-” or better.
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.

ECO 3053  Aggregate Economic Analysis
(3-0) 3 hours credit. Prerequisites: Completion of ECO 2013 and ECO 2023, or their equivalents, with a grade of “C-” or better.
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.

ECO 3113  Introduction to Mathematical Economics
(3-0) 3 hours credit. Prerequisites: Completion of ECO 2013, ECO 2023, and MAT 1033, or their equivalents, with a grade of “C-” or better, 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.

ECO 3123  Introduction to Econometrics and Business Forecasting
(3-0) 3 hours credit. Prerequisites: Completion of IS 3003, STA 1053, and MAT 1033, or their equivalents, with a grade of “C-” or better, 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.

ECO 3163  Evolution of Economic Thought
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2013, ECO 2023, or the equivalent, with a grade of “C-” or better, 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.

ECO 3183  Economic History of the United States
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2013, ECO 2023, or the equivalent, with a grade of “C-” or better, 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.

ECO 3193  International Economics
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2013, ECO 2023, or the equivalent, with a grade of “C-” or better, 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.”)

ECO 3213  Economics of Antitrust and Regulation
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2013, ECO 2023, or the equivalent, with a grade of “C-” or better, 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.

ECO 3253  Economics of Public and Social Issues
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2013, ECO 2023, or the equivalent, with a grade of “C-” or better, 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.

ECO 3263  Industrial Organization
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2023, or the equivalent, with a grade of “C-” or better.
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.

ECO 3273  Introduction to Public Sector Economics
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2023, or the equivalent, with a grade of “C-” or better.
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.

ECO 3283  Labor Economics
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2013, ECO 2023, or the equivalent, with a grade of “C-” or better, or consent of instructor.
Theories of wages and employment determination; U.S. labor history, comparative labor movements, and contemporary labor problems.

ECO 4273  Environmental and Resource Economics
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2023, or the equivalent, with a grade of “C-” or better.
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.

ECO 4303  Economics of Developing Countries
(3-0) 3 hours credit. Prerequisite: Completion of one of the following: ECO 2003, ECO 2013, or the equivalent, with a grade of “C-” or better, 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.”)

ECO 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.

ECO 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.

ECO 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.

ECO 4993  Honors Thesis
3 hours credit. Prerequisite: Enrollment limited to students applying for Honors in Economics (see page 34).
Supervised research and preparation of an honors thesis. May be repeated once for credit with advisor’s approval.


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