The Department of Economics

309 Business Bldg. • Box 19479 • 817-272-3061 • http://economics.uta.edu

Students who plan to earn a degree in economics in one of the specialized fields listed below should consider the following suggestions as to their choice of elective economics courses:

• Those planning to do Graduate Work in economics should include two semesters of calculus, as well as linear algebra in their program. Additional math courses are encouraged and should be selected with assistance from the Economics Department's graduate advisor.

• Those planning to apply for Law School admission should include Law and Economics (ECON 3305) and Economics of Public Policies (ECON 3335) among their economics electives.

• Those planning to pursue careers in the Health Sector should include Economics of Health (ECON 3301) and Economics for Managers (ECON 4311) among their economics electives.

• Those planning to work as an Economic Analyst should include Public Sector Economics (ECON 3304), Industrial Organization and Public Policy (ECON 3313), Economic Fluctuations and Forecasting (ECON 4325), and Economics for Managers (ECON 4311) among their economics electives.

Requirements for a Bachelor of Science Degree in Economics

Students must have completed ECON 2305 and 2306 before enrolling in certain upper-level economics courses. Specified prerequisites are designated for certain courses. Waiver of either of the above will require consent of the instructor and approval of the Dean of the College of Business Administration.

English

1301, 1302.

Literature

Three hours of English or foreign language literature or other approved substitute above the freshman level.

Liberal Arts Elective

Three hours above the freshman level of literature, or social and cultural studies designated as taught in the College of Liberal Arts, or fine arts or philosophy, or technical writing.

Political Science

2311, 2312.

History

1311, 1312.

Mathematics

MATH 1302, 1315 or 1325 and MATH 1316 or 1426.

Natural Science

Eight hours in single lab science (BIOL 1333, 1334, 1282; GEOL 1435, 1436; PHYS 1401, 1402; PHYS 1445, 1446; CHEM 1445, 1446).

Fine Arts and Philosophy

Three hours from architecture, art, dance, music, or theatre arts.

Speech

SPCH 1301 or 2305

Social Science

Six hours. BUSA 2301 may be used in partial satisfaction of this requirement.

Statistics and Computer Systems

BUSA 2303, 3321.

Accounting and Finance

ACCT 2301, 2302, and three hours ACCT 3000/4000 level.

FINA 3313 or ACCT 3000/4000 level.

Major

ECON 2305, 2306, 3310, 3312, 3318, and 4331, plus 12 additional hours of 3000/4000 level economics, with a minimum of three hours at the 4000 level. Total hours in economics may not exceed 30.

Minor

18 hours, at least six of which shall be 3000/4000 level. (The six hours in statistics and computer systems and the 12 hours in accounting and finance may be used as a minor in business administration.)

Outside Electives

Six hours outside the College of Business Administration.

Other Electives

Sufficient to give the total number of hours required for a degree.

Total

125 hours, at least 39 of which must be 3000/4000 level, plus exercise and sport activities (EXSA) or ROTC or marching band as required.

Suggested Course Sequence

Freshman Year

First Semester: ENGL 1301; MATH 1302 or 1315 or 1325; Natural Science, 4 hours; Fine Arts/Philosophy, 3 hours; HIST 1311; EXSA or ROTC or Marching Band—Total Credit 17 hours.

Second Semester: ENGL 1302; MATH 1316 or 1426; Natural Science, 4 hours; Social Science, 3 hours; HIST 1312; EXSA or ROTC or Marching Band—Total Credit 17 hours.

Sophomore Year

First Semester: Literature, 3 hours; POLS 2311; Social Science Elective, 3 hours; ECON 2305; ACCT 2301; EXSA or ROTC or Marching Band—Total Credit 16 hours.

Second Semester: Liberal Arts Elective, 3 hours; POLS 2312; BUSA 2303; ECON 2306; ACCT 2302; EXSA or ROTC or Marching Band—Total Credit 16 hours.

Junior Year

First Semester: ECON 3310; ACCT elective; Economics Elective, 3 hours; Minor, 3 hours; Outside Elective, 3 hours; SPCH 1301 or 2305—Total Credit 18 hours.

Second Semester: ECON 3312; BUSA 3321; ACCT elective or FINA 3313; Minor, 6 hours—Total Credit 15 hours.

Senior Year

First Semester: ECON 3318; Economics Elective, 3 hours; Economics Elective (4000 level), 3 hours; Minor, 6 hours—Total Credit 15 hours.

Second Semester: ECON 4331; Economics Elective, 3 hours; Outside Elective, 3 hours; Minor, 3 hours; Other Elective, 3 hours—Total Credit 15 hours.

Requirements for a Bachelor of Arts Degree in Economics

Students must have completed ECON 2305 and 2306 before enrolling in certain upper-level economics courses. Specified prerequisites are designated for certain courses. Waiver of either of the above will require consent of the instructor and approval of the Dean of the College of Business Administration.

English

1301, 1302.

Literature

Three hours of English or foreign language literature or other approved substitute above the freshman level.

Liberal Arts Elective

Three hours above the freshman level of literature, or social and cultural studies designated as taught in the College of Liberal Arts, or fine arts or philosophy, or technical writing.

Foreign Language

1441, 1442, 2313, and 2314.

Political Science

2311, 2312.

History

1311, 1312, 2301, 2302.

Mathematics

MATH 1302, 1315 or 1325 and MATH 1316 or 1426.

Statistics and Computer Science

BUSA 2303 and 3321.

Natural Science

Eight hours in single lab science (BIOL 1333, 1334, 1282; GEOL 1435, 1436; PHYS 1401, 1402; PHYS 1445, 1446; CHEM 1445, 1446).

Fine Arts

Three hours from architecture, art, dance, music, or theatre arts.

Speech

SPCH 1301 or SPCH 2305

Outside Electives

Six hours outside the College of Business Administration.

Other Electives

Sufficient to give the total number of hours required for a degree.

Major

30 hours in economics, including ECON 2305, 2306, 3310, 3312, 3318 and 4331, plus 12 additional hours of 3000/4000 level economics, with a minimum of three hours of economics at the 4000 level.

Minor

18 hours, at least six of which shall be 3000/4000 level.

Total

124 hours, at least 33 of which must be 3000/4000 level, plus exercise and sport activities (EXSA) or ROTC or marching band as required.

Suggested Course Sequence

Freshman Year

First Semester: ENGL 1301; Foreign Language 1441; MATH 1302 or 1315 or 1325; Natural Science, 4 hours; HIST 2301; EXSA or ROTC or Marching Band—Total Credit 18 hours.

Second Semester: ENGL 1302; Foreign Language 1442; MATH 1316 or 1426; Natural Science, 4 hours; HIST 2302; EXSA or ROTC or Marching Band—Total Credit 18 hours.

Sophomore Year

First Semester: Literature, 3 hours; Foreign Language 2313; HIST 1311; ECON 2305; Fine Arts/Philosophy, 3 hours; EXSA or ROTC or Marching Band—Total Credit 16 hours.

Second Semester: Liberal Arts Elective, 3 hours; Foreign Language 2314; HIST 1312; ECON 2306; POLS 2311; EXSA or ROTC or Marching Band—Total Credit 16 hours.

Junior Year

First Semester: BUSA 2303; ECON 3310; POLS 2312; Minor, 3 hours; Outside Elective, 3 hours—Total Credit 15 hours.

Second Semester: ECON 3312; BUSA 3321; Minor, 3 hours; Outside Elective, 3 hours; SPCH 1301 or 2305—Total Credit 15 hours.

Senior Year

First Semester: ECON 3318; Economics 3000 or 4000, 6 hours; Minor, 6 hours—Total Credit 15 hours.

Second Semester: ECON 4331; Economics 3000, 3 hours; Economics 4000, 3 hours; Minor, 6 hours—Total Credit 15 hours.

Department of Economics Faculty

Chair

Professors

Associate Professors

Assistant Professors

Lecturers

Economics (ECON)

Prefix and number in parentheses following the U.T. Arlington course number and title is the Common Course Number designation.

Every Economics course includes a $3 College of Business Administration multimedia fee.

2305. PRINCIPLES OF MACROECONOMICS (3-0) 3 hours credit (ECON 2301). Elementary models of the macroeconomy. Measures of aggregate economic activity and unemployment and inflation, money and banking, monetary and fiscal policy, international trade and payments, and applications of theory to society's problems. $3 course fee.

2306. PRINCIPLES OF MICROECONOMICS (3-0) 3 hours credit (ECON 2302). The science of choice; develops demand, supply, and the market mechanism for allocating society's scarce resources; industry structure, antitrust regulation, the market for resources, social issues, the environment, international trade, and finance. $3 course fee.

2337. ECONOMICS OF SOCIAL ISSUES (3-0) 3 hours credit. Economic consequences and solutions of current social issues. Each semester, a series of topics will be covered in line with current events and the instructor's expertise to facilitate an understanding of the economic structure. Will not serve to meet degree requirements for College of Business Administration majors. $3 course fee.

3301. THE ECONOMICS OF HEALTH (3-0) 3 hours credit. Determinants of health status; impact of economic forces on the health sector; demand for and supply of health services; role of competition; new organizational entities; the changing regulatory climate. Prerequisite: ECON 2306. $3 course fee.

3302. THE ECONOMICS OF CRIME (3-0) 3 hours credit. Economic analysis of criminal activity and its impact on the allocation of scarce resources; economic models of criminal behavior, optimum allocation of criminal justice resources, public and private sector approaches to deterrence, and current issues such as gun control and drug abuse prevention. Prerequisite: ECON 2306 or consent of instructor. $3 course fee.

3303. MONEY AND BANKING (3-0) 3 hours credit. Monetary and banking systems of the United States, including the problems of money and prices, proper organization and functioning of commercial banking and Federal Reserve systems, problems of monetary standards, and credit control. Recent monetary and banking trends. Prerequisite: ECON 2305. $3 course fee.

3304. PUBLIC SECTOR ECONOMICS (3-0) 3 hours credit. Examines various economic reasons that may justify government involvement in the economy with particular focus on the problems inherent in government intervention. It considers topics such as the efficiency and fairness of alternative taxing systems, the growth and effects of government debt, and public choice (how spending and taxing decisions are made). It analyzes various government programs such as Social Security, health care, expenditure programs for the poor, etc. Prerequisite: ECON 2306 or consent of instructor. $3 course fee.

3305. LAW AND ECONOMICS (3-0) 3 hours credit. A review of the economic effects of laws and legal institutions, including property rights, the common law of contracts and torts, regulations, and crime and punishment. Prerequisite: ECON 2306 or consent of instructor. $3 course fee.

3310. MICROECONOMICS (3-0) 3 hours credit. The theory of consumer behavior and the theory of the firm. The theory of pro
duction, the theory of cost and price determination, and resource allocation under competition, monopoly, and imperfect competition. Prerequisites: ECON 2306 and junior standing or consent of instructor. $3 course fee.

3312. MACROECONOMICS (3-0) 3 hours credit. Interactions among private sector behavior, government policies, central bank actions and international events, and their effects upon the resulting national living standard, employment, growth, and prices. Particular emphasis upon modeling and the macroeconomy. Prerequisites: ECON 2305 and junior standing or consent of instructor. $3 course fee.

3313. INDUSTRIAL ORGANIZATION AND PUBLIC POLICY (3-0) 3 hours credit. Explains market structure and its relation to strategic behavior, advertising, pricing and product differentiation decisions. Further topics include the organization of the firm, takeovers, mergers and acquisitions, R&D, and the various regulatory controls placed on firms and industries. Prerequisite: ECON 2306. $3 course fee.

3318. INTRODUCTION TO ECONOMETRICS (3-0) 3 hours credit. The application of economic theory and statistical techniques for the purpose of testing hypotheses and estimating and analyzing economic phenomena. Prerequisite: BUSA 3321 or MATH 3313. $3 course fee.

3328. PRINCIPLES OF TRANSPORTATION (3-0) 3 hours credit. Impact of freight and passenger transport upon individual, business, and governmental decision-making in an evolving, competitive world economy. Prerequisite: ECON 2306 or consent of instructor. $3 course fee.

3335. ECONOMICS OF PUBLIC POLICIES (3-0) 3 hours credit. Economic analysis of issues of general interest. A non-technical application of principles of economics to current topics such as abortion, crime, deficit spending, divorce, education, health care, immigration, politics, recycling, risk and safety, Social Security, sports, and tax policy. Prerequisite: ECON 2306 or consent of instructor. $3 course fee.

3388. EUROPEAN ECONOMIC HISTORY, 1750 TO PRESENT (3-0) 3 hours credit. The English Industrial Revolution, Europe's slow transformation before 1850, and large-scale industry, banking, transportation, and commerce in the later 19th and 20th centuries. Topics for the 20th century include depression, war, post-war economic integration, and the collapse of communism. Prerequisite: ECON 2305 or consent of instructor. $3 course fee.

4191, 4291, 4391. STUDIES IN ECONOMICS (Variable credit from 1 to 3 semester hours as arranged). Advanced studies, on an individual basis, in the various fields of economic literature. Prerequisites: ECON 2306, three hours of advanced economics, senior standing, and consent of instructor. $3 course fee.

4302. ENVIRONMENTAL ECONOMICS (3-0) 3 hours credit. Economic forces that influence the quality of the environment; economic theory and environmental management; regulatory requirements for economic impact analysis; international issues including trade and implications for Third World economies. Prerequisite: ECON 2306. $3 course fee.

4306. COMPARATIVE ECONOMIC SYSTEMS (3-0) 3 hours credit. The differences between capitalism, liberal socialism, and communism. Evaluation of the performance and efficiency characteristics of each system. Consideration is also given to the obstacles that confront former communist societies seeking to reorganize, and to the possible forms of economic reconstruction the emerging nations may undertake. Prerequisite: ECON 2306 or consent of instructor. $3 course fee.

4311. ECONOMICS FOR MANAGERS (3-0) 3 hours credit. This class studies the decision-making process involving the economic activities of a firm. It provides the tools that help managers choose the best solution among all possible ones to achieve the firm's goal. The class is real-world oriented and examines topics such as demand, costs, production, market structure and market power, and pricing decisions. Prerequisites: ECON 2306 and junior standing or consent of instructor. $3 course fee.

4319. ECONOMIC GROWTH AND THE MULTINATIONAL CORPORATION (3-0) 3 hours credit. The economic effects of the multinational corporations on the world economy: their effects on long-term capital flows, world production, transfer of technology, and the developing countries. Prerequisites: ECON 2305, 2306. $3 course fee.

4321. INTERNATIONAL TRADE (3-0) 3 hours credit. Explanations of why nations trade and what they trade. The economics and politics of protection of domestic industries (tariffs, quotas). U.S. and foreign trade policies. Regional blocks (NAFTA, EEC). International factor movements (the role of the multinational firm and labor migration). Prerequisite: ECON 2306 or consent of instructor. $3 course fee.

4322. INTERNATIONAL FINANCE (3-0) 3 hours credit. The nature and instruments of international payments. International financial institutions and arrangements. Exchange rate, balance of payment, and income determination theories. Prerequisite: ECON 2305 or consent of instructor. $3 course fee.

4323. INTRODUCTION TO MATHEMATICAL ECONOMICS (3-0) 3 hours credit. Exposes students to certain basic mathematical concepts and methods and relates these techniques to various types of economic analysis. Covers the mathematical methods used in static and comparative-static analysis, optimization problems, and simple dynamic analysis. Prerequisites: MATH 1316; ECON 3310, 3312. $3 course fee.

4324. MONETARY AND FISCAL POLICY (3-0) 3 hours credit. The effects of money on production and national income; quantity and commodity theories of money; various theories of interest rates; instruments and policies of Federal Reserve monetary action; proposals for monetary reform. Central bank systems. Prerequisites: ECON 2305, 2306, and 3303 and junior standing or consent of instructor. $3 course fee.

4325. ECONOMIC FLUCTUATIONS AND FORECASTING (3-0) 3 hours credit. Develops measures of economic activity, discusses history and competing theories of the business cycle, the role of money and interest rates; business forecasting using leading and lagging indicators, time series analysis, and econometric techniques. Prerequisites: ECON 2305, three hours of advanced economics, and junior standing or consent of instructor. $3 course fee.

4330. LABOR ECONOMICS (3-0) 3 hours credit. Application of economic principles to labor topics such as the demand for marriage, the demand for children, the economics of beauty, the economics of highly paid sports and entertainment stars, the effects of immigration on U.S. wages and employment, workplace discrimination, the effects of affirmative action policies, and the effects of minimum wage legislation. Prerequisite: ECON 2306. $3 course fee.

4331. SEMINAR IN ECONOMICS (3-0) 3 hours credit. An integrative learning experience required of all economics majors during the senior year of study. The focus is on developing experience with theoretical models, data sets, and econometric techniques; the analysis of a variety of public policy and private sector issues. Prerequisites: ECON 3310, 3312, 3318, and senior status. $3 course fee.

4335. LABOR RELATIONS AND THE LAW (3-0) 3 hours credit. Historical development of public policy toward unions and collective bargaining. Legislative, judicial, and administrative decisions affecting employer-employee relationships; the NLRA as amended. Prerequisites: ECON 2306 and junior standing or consent of instructor. $3 course fee.