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Economics (ECO)
Course
Schedules
The complete description of the
Department of Economics is found in the College of Business Administration.
Descriptions of courses approved for the University Program appear in italic
type.
Distance
Learning Courses: Courses in the department approved for offering in a
distance learning format include: ECO 201, 202.
ECO 101 Economics as a Way of Thinking 3(3-0) F, Sp
Introduction to the economic way of thinking and its applications to decision
making in daily living. Emphasis on basic understanding of the economic aspects
of current issues. Credit on the Economics major will be given only if this
course is taken prior to ECO 201.
ECO 110 Economics and Society 3(3-0) F, Sp
An examination of the development of economic thought and institutions with
emphasis on the application of this knowledge to the understanding of today's
world. (Group III-B)
ECO 150 Current Economic Problems 3(3-0) D
Economic topics of current national and international concern. Economic issues
with which informed voters must deal. Closed to students with credit in ECO 201
or 202.
ECO 201 Principles of Macroeconomics 3(3-0) F, Sp
Provides basic understanding of scarcity, the price system, role of government,
money and banking, monetary policy, economic growth, international trade.
First-semester freshmen may be admitted with permission of instructor.
ECO 202 Principles of Microeconomics 3(3-0) F, Sp
Introduction to competitive and monopolistic economic behavior. Issues discussed
include income distribution, agriculture, urban problems, poverty, unions,
national defense, economic development, comparative economic systems.
ECO 211 Economics of Professional Team Sports 3(3-0) D
Study of the economics and industrial relations systems of professional sports
leagues in baseball, football, basketball, and hockey in North America.
ECO 213 Economics for Entrepreneurs 3(3-0)
Introduction to the economic way of thinking and its applications to decision
making in the business world. Emphasis on understanding and applying economic
concepts. Identical to ENT 213. Credit may not be earned in more than one of
these courses. Does not count as credit for the Economics major or minor.
ECO 222 Behavioral Economics 3(3-0)
Examines the roles of self-interest, altruism, expectations and information
in individual and group decision-making. In-class experiments simulate
market behavior and test theoretical predictions. (Group III-A)
ECO 230 Women in the Economy 3(3-0) D
A study of the past and present role of women in the economy, as workers, both
inside and outside the labor market. Identical to WST 230. Credit may not be
earned in more than one of these courses. (Group IV-A)
ECO 280 Economies of the World 3(3-0) D
Overview of economics, with emphasis on comparison of their economic
performance, the system used for production and distribution, and economic
agreements among nations. (Group III- B)
ECO 281 Economic Development of the Pacific Rim 3(3-0) F, Sp
Rapid development of Pacific Rim economies and its impact on our economy is
studied. The roles of history and culture in economic policy are studied. (Group
IV-B)
ECO 285 Statistical Methods in Economics 3(3-0) D
Fundamental statistical techniques emphasizing application of statistical
methods to economic analysis, index numbers, seasonal and cyclical variation in
economic data. Prerequisites: ECO 201 or ECO 213 or ENT 213; math competency.
ECO 301 Environmental Economics 3(3-0) F, Sp
Basic economic understanding of environmental/ecological problems arising from a
free enterprise system. Economists' solutions presented without advanced
economic theory or mathematical computation. Prerequisites: ECO 202 or
permission of instructor
ECO 302 Economics of Poverty and the Ghetto 3(3-0) D
Economics of poverty and urban racial crisis. Emphasizes analysis of ghetto
economy, roots of chronic poverty, policy alternatives, and their relationship
to other urban problems. Prerequisites: ECO 201 or ECO 202.
ECO 306 Money and Banking 3(3-0) F, Sp
The nature of money and credit; history, structure, and functions of banking
institutions, with emphasis upon Federal Reserve System and questions of
appropriate public policy. Prerequisites: ECO 201 and ECO 202.
ECO 310 American Economic Development 3(3-0) D
Realistic interpretation, with emphasis on economic change and its significance
in social, cultural, and political evolution. Prerequisites: ECO 201 or ECO 202.
ECO 320 European and Asian Economic History 3(3-0) D
Realistic introduction to the diverse economic experiences of advanced European
and Asian nations from the British industrial revolution to the present.
Prerequisites: ECO 201 or ECO 202.
ECO 360 Public Economics 3(3-0) D
Appropriate and actual roles of government in market economies, and how
government influences the use of resources and distribution of income.
Prerequisites: ECO 202.
ECO 365 Intermediate Microeconomic Theory 3(3-0) F, D
More intensive treatment of theories of demand, costs, price structure,
employment theory, interest and money fundamentals, income distribution, and
capitalism. Prerequisites: ECO 202.
ECO 370 Intermediate Macroeconomic Theory 3(3-0) Sp, D
National income accounting; income and employment theory and policy; theory and
problems of economic growth in a developed economy. Prerequisites: ECO 201, ECO
202.
ECO 372 International Economics 3(3-0) D
Basic background in international trade theory and practices, exchange rates and
balance of payments, and international monetary arrangements. Prerequisites: ECO
201, ECO 202.
ECO 375 Economics of Cities and Regions 3(3-0) D
Elementary theories of regional economic analysis used in solving specific
problems such as pollution, housing, segregation, and conservation. Emphasizes
urban regions. Prerequisites: ECO 201 or ECO 202.
ECO 380 Comparative Economic Systems 3(3-0) D
Comparative study of economic institutions in a world of politicoeconomic
change. An analysis of capitalism, fascism, socialism, and communism.
Prerequisites: ECO 201 or ECO 202.
ECO 381 Patterns of Economic Development 3(3-0) D
A study of the problems, processes, and theories of economic change in today's
less developed countries. Prerequisites: ECO 201 or ECO 202.
ECO 385 Introduction to Econometrics 3(3-0) D
Introduction to the theory and practice of linear regression analysis in
economics focusing on single equation methods. Extensive computer applications.
Prerequisites: ECO 202, ECO 285 or STA 382, or permission of instructor.
ECO 397 Special Studies in Economics 1-6(Spec) D
Experimental courses to cover materials of special interest not covered by
courses in the regular curriculum. Prerequisite: permission of instructor.
ECO 410 Government and Business 3(3-0) F
Relations of industry, especially corporations, to government, antitrust laws
and their enforcement; public policy toward business; problems of unfair
competition; patents and trademarks. Prerequisites: ECO 202.
ECO 411 The Economics of Slavery in the U.S. 3(3-0) D
The economic indictment of southern slavery; new challenges to this indictment;
implications of the existence of southern slavery for present economic policy
decisions. Prerequisites: ECO 201 or ECO 202.
ECO 414 Labor Economics 3(3-0) F
Industrialization's impact on workers; history of unions; labor market
organization and operation; unemployment causes and remedies; wage
determination; hours and working conditions; collective bargaining.
Prerequisites: ECO 202.
ECO 425 The Economics of Industrial Organization 3(3-0) D
Concepts, theories, and evidence which relate industry structure to behavior and
performance of firms. Provides a basis for evaluating public policy.
Prerequisites: ECO 201, ECO 202.
ECO 430 Views of the Future of the U.S. Economy 3(3-0) D
Analysis of economic thought, projections and institutional changes suggested
for the future by various schools of thought. Institutional rather than
quantitative emphasis. Prerequisites: ECO 202.
ECO 440 Managerial Economics 3(3-0) Sp
An application of microeconomic theory, forecasting, capital budgeting and
resource allocation. Emphasis on case studies. Prerequisites: ECO 202.
ECO 490 Economics Internship 1-3(Spec) D
Provides a bridge between academic training and work experience. Allows
application of principles of economics to a job and job experiences to classes.
CR/NC only. Prerequisites: 56 semester hours completed; signed
economics major or minor; 12 credit hours of economics (ECO 201, ECO 202 and at
least one course 300 level or above); overall GPA of 2.75 or higher; prior
approval of departmental supervisor.
ECO 503 Seminar in Urban Economics 3(3-0) D
Economic aspects of urban regions; their growth; household location; pollution;
poverty. Solutions-oriented discussion of urban problems. Complements ECO 504.
Prerequisite: ECO 375 or permission of instructor.
ECO 504 Seminar in Regional Economics 3(3-0) D
Economic analysis of sub-national regions, including location theory, growth
determinants, industrial structure, and policy alternatives of city size.
Complements ECO 503. Prerequisite: ECO 375 or permission of instructor.
ECO 508 Monetary Theory 3(3-0) D
Further development of theories of money supply, money demand, the options of
monetary policy, and the effects of monetary policy on the economy.
Prerequisite: ECO 306 or ECO 370.
ECO 515 Collective Bargaining and Labor Law 3(3-0) Sp
Development of various phases of labor law, especially under statutes such as
the Wagner Act, Taft-Hartley Act, and Landrum-Griffin Act. Prerequisites: ECO
201, ECO 202.
ECO 532 Economic Forecasting 3(3-0) D
Nature and causes of economic fluctuations. Methods of predicting price levels
and economic activity. Prerequisites: ECO 201, ECO 202.
ECO 535 Fundamentals of Mathematical Economics 3(3-0) Sp
Application of mathematical techniques in economics. Emphasizes marginal
analysis, market models, comparative static equilibrium, and maximization.
Prerequisites: ECO 201, ECO 202; MTH 132 or equivalent.
ECO 572 International Monetary Economics 3(3-0) D
International monetary and financial markets are studied. Topics include
exchange rate policy, international capital flow, purchasing power parity and
exchange rate policy. Prerequisites: ECO 372 or permission of instructor.
ECO 585 Econometrics 3(3-0) F
Thorough treatment of statistical estimation methods and their properties for
simultaneous equation systems. Also includes discussions of types of systems,
solution methods and identification. Prerequisite: STA 580 or equivalent; or
permission of instructor.
ECO 590 Seminar Readings 1-3(Spec) F, Sp
Elective honors course for majors or minors in economics. Prerequisites: 12
hours of economics with B average.
ECO 591 Seminar Research Studies 1-3(Spec) F, Sp
Independent study on special problems for majors and minors in economics.
Prerequisites: 9 hours of 300 to 500-level economics; permission of instructor.
ECO 597 Special Studies in Economics 1-3(Spec) D
Experimental courses to cover material of special interest to both
undergraduates and graduates not covered by courses in the regular curriculum.
Prerequisite: permission of instructor.
For 600 and 700 level course descriptions consult the current Graduate Bulletin.
ECO 600 Introduction to Advanced Economic Analysis 3(3-0) D
ECO 601 Advanced Environmental Economics 3(3-0) D
ECO 603 Economic Effects of Urbanization and Technology 3(3-0) D
ECO 606 Seminar in Economic History 3(3-0) D
ECO 610 Seminar in Economic Thought 3(3-0) D
ECO 614 Seminar in Labor Economics 3(3-0) D
ECO 616 Advanced Microeconomic Theory 3(3-0) Sp
ECO 619 Continuing Registration for Final Research Project 1(1-0)
ECO 620 Advanced Macroeconomic Theory 3(3-0) F
ECO 622 Seminar in Economic Growth and Development 3(3-0) D
ECO 625 Market Structure and Government Policy 3(3-0) D
ECO 630 Comparative Economic Systems 3(3-0) D
ECO 640 Special Topics in Economic Issues 3-6(Spec) D
ECO 650 American Financial Institutions 3(3-0) D
ECO 655 Seminar in International Economics 3(3-0) D
ECO 657 Advanced Investment Analysis 3(3-0) D
ECO 660 Public Finance and Fiscal Policy 3(3-0) D
ECO 670 Research Methods in Economics 3(3-0) D
ECO 685 Econometric Applications 3(3-0)
ECO 690 Independent Research 1-3(Spec) F, Sp
ECO 798 Thesis 1-6(Spec) F, Sp
Credit Limitation. Courses in the Department that are subject to graduate
credit limitation under the policy covering unspecified content or variable
credit are: ECO 540, 590, 591, 597, 640, 690.
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