Department of Economics Main Departmental Office Wooten Hall, 325 P.O. Box 13408 Denton, TX 76203-6408 (817) 565-2573 Fax: (817) 565-4426 Advising Offices Undergraduate, Wooten Hall, 335 Graduate, Wooten Hall, 338 Lewis M. Abernathy, Chair Faculty Professor Abernathy. Associate Professors Cobb, Molina, Nieswiadomy. Assistant Professors Brown, Greene, Hoffnar, Koelln, McPherson, Redfearn, Tieslau. Lecturers Battaglia, Ellis, Lynch. Visiting Assistant Professor Picard. Introduction The Department of Economics prepares students for career opportunities in the increasingly competitive domestic and global marketplace. The department is committed to a balance of high quality teaching and research. Students benefit from the personal attention of faculty and develop a clear understanding of applications of economic theory to real-world policy issues. There are more than 59,000 economists in the United States working in three main areas: 42 percent work in business; 37 percent in teaching, research and consulting; and 21 percent in government. Economists work in many fields, including international trade, forecasting, environmental analysis, monetary theory, economic development, insurance, banking, finance, consulting, health care, communications, marketing, law and labor relations. An undergraduate major in economics is excellent preparation for graduate work in economics, business, law and other fields. A "hands-on" approach helps students develop the technical and quantitative skills necessary for graduate study in many of today's expanding career fields in business and research. Programs of Study The department offers undergraduate and graduate programs in the following areas: -Bachelor of Arts with a major in economics; -Bachelor of Science in Economics; -Master of Arts, -and Master of Science, both with a major in economics; -Master of Science with a major in labor and industrial relations; and -Master of Science with a major in economic research. A Bachelor of Business Administration with a professional field in economics is available through the Department of Finance, Insurance, Real Estate and Law in the College of Business Administration. These programs offer students a diversity of options ranging from a liberal arts perspective to a more quantitative technical background. Bachelor of Science in Economics Degree Requirements Candidates for the Bachelor of Science in Economics must meet the following requirements. 1. Hours Required for the Degree: Completion of a minimum of 128 total semester hours; 42 must be advanced. 2. General University Requirements: See "General Degree Requirements" in the Academics section of this catalog. 3. College of Arts and Sciences Core Curriculum: Minimum 61 hours (includes requirements of University Core Curriculum). See "Arts and Sciences Core Curriculum" in the College of Arts and Sciences section of this catalog for specific core requirements and list of approved courses. See degree plan for exact hours. 4. Major Requirements: Majors must complete at least 30 hours in economics, including ECON 1100-1110, 3550, 3560, 4020 and 4870. 5. Minor Requirements: A minor of at least 18 hours, of which a minimum of 6 hours must be advanced, from a field outside of the major. 6. Electives: See degree plan. 7. Other Course Requirements: MATH 1710 and 1720; MSCI 3700-3710, or MATH 4610 and 4650. 8. Other Requirements: All course selections must be approved by an undergraduate adviser or the department chair. DRED (Traffic Safety) courses may not be used to satisfy any portion of a degree in the College of Arts and Sciences. BS in Economics Following is one suggested arrangement of courses distributed over four years. BS in Economics FRESHMAN YEAR FALL HOURS ENGL 1310, College Writing I 3 MATH 1710, Calculus I{1} 3 ECON 1110, Principles of Macroeconomics, or ECON 1100, Principles of Microeconomics 3 PSCI 1040, American Government 3 LANG 2040, Foreign Language (intermediate){2} 3 Total 15 SPRING HOURS ENGL 1320, College Writing II 3 MATH 1720, Calculus II 3 ECON 1100, Principles of Microeconomics, or ECON 1110, Principles of Macroeconomics 3 PSCI 1050, American Government 3 LANG 2050, Foreign Language (intermediate){2} 3 Total 15 SOPHOMORE YEAR FALL HOURS ECON 3550, Intermediate Micro-Theory 3 Physical Science{3} 4 ENGL 2210, World Literature 3 HIST 2610, United States History to {18654} 3 Understanding of Ideas and Values{5} 3 Total 16 SPRING HOURS ECON 3560, Intermediate Macro-Theory 3 Physical Science{3} 4 ENGL 2220, World Literature 3 HIST 2620, United States History Since {18654} 3 CSCI 1100, Introduction to Computer Science{6} 3 Total 16 JUNIOR YEAR FALL HOURS COMM 1010, Introduction to Communication{7} 3 ECON 4020, Money and Financial Institutions 3 ECON Elective (advanced) 3 Minor8* 3 MATH 4610, Probability, or MSCI 3700, Statistical Analysis I9* 3 Elective10* 2 Total 17 SPRING HOURS PHED 1000, Scientific Principles and Practices of Health-Related Fitness, or DANC 1100, Stress Reduction Through Movement 2-3 ECON Elective (advanced) 3 ECON Elective (advanced) 3 Minor8* 3 MATH 4650, Statistics, or MSCI 3710, Statistical Analysis I* 3 Minor8* 3 Total 17-18 SENIOR YEAR FALL HOURS ECON 4870, Introduction to Econometrics 3 PHIL{11} 3 Minor (advanced)8* 3 Minor (advanced)8* 3 Natural Science{3} 4 Total 16 SPRING HOURS ECON Elective (advanced) 3 Minor (advanced)8* 3 Natural Science{3} 4 Visual and Performing Arts{12} 3 Understanding of Ideas and Values{5} 3 Total 16 Total Minimum Hours Required: 128 Note: Some courses may require prerequisites not listed in the above plan. {1} Students should consult the Department of Mathematics for proper placement into the appropriate level before beginning their mathematics program. If extensive mathematical preparation will be required, the possibility of completing the degree in four years diminishes. If that is the case, a BA in Economics should be considered as an alternative to the BS. {2} Contact the Department of Foreign Languages and Literatures for proper placement into the appropriate level. Student must demonstrate proficiency by exam or complete the required prerequisites (LANG 1010- 1020) before enrolling in LANG 2040 or 2050. {3} See the "Arts and Sciences Core Curriculum" in the College of Arts and Sciences section of this catalog for a list of approved sciences. {4} Advanced American/Texas History courses may be substituted to help meet the 42 advanced hours degree requirement. {5} Understanding of Ideas and Values: One course per group from any two of Groups I, II, III. See "University Core Curriculum Requirements" in the Academics section of this catalog for a list of approved courses. {6} Proficiency exam or CSCI 1100, CECS 1100, or BCIS 2610. {7} Proficiency exam or COMM 1010, 1440, or 2040. {8} Hours in the minor may vary. For hours in a specific minor contact your major departmental adviser. {9} For the BS degree in Economics, the statistics courses MSCI 3700-3710 or MATH 4610-4650 are required. The math sequence requires extensive mathematical preparation and it is rarely feasible in a four-year program. {10} Hours required in electives may vary. Consult departmental adviser. {11} PHIL 2050, 2310, or 2330 also will satisfy 3 hours of the Understanding of Ideas and Values, Group I requirement. See "Arts and Sciences Core Curriculum" in the College of Arts and Sciences section of this catalog for a list of approved courses. {12} See "University Core Curriculum Requirements" in the Academics section of this catalog for a list of approved Visual and Performing Arts courses. Note: ART 1300 and 2350 may not be used to satisfy both the Visual and Performing Arts requirement and the Understanding of Ideas and Values, Group II requirement. * Taking courses in the minor and core at the advanced level will aid the student in reaching the 42 advanced hours necessary for graduation. Additional advanced elective courses may be required if this course is not chosen at the advanced level. The student is responsible for reaching 42 total advanced hours. Summary of Degree Requirements: Economics (24 advanced): 30 Minor (advanced): 18 Core: English 12 United States History 6 Political Science 6 Natural and Physical Sciences 16 Mathematics/Management Science 12 Wellness 2 Visual and Performing Arts 3 Understanding of Ideas and Values 6 Philosophy 3 Foreign Language: 6 Oral Communications: 3 Computer Science: 3 Note: 30 hours of ECON must include 1100-1110, 3550, 3560, 4020 and 4870. 42 hours of 131 hours must be advanced. Course selections must be approved by an undergraduate adviser. See your faculty adviser each semester for help in program decisions and preparation for enrollment. Bachelor of Arts with a Major in Economics A minimum of 128 semester hours is required, 42 of which must be advanced, and fulfillment of degree requirements for the Bachelor of Arts degree as specified in the College of Arts and Sciences section of this catalog. Major in Economics Following is one suggested arrangement of courses distributed over four years. BA with a Major in Economics FRESHMAN YEAR FALL HOURS ENGL 1310, College Writing I 3 MATH 1100, College Algebra{1} 3 ECON 1110, Principles of Macroeconomics, or ECON 1100, Principles of Microeconomics 3 PSCI 1040, American Government 3 LANG 2040, Foreign Language (intermediate){2} 3 Total 15 SPRING HOURS ENGL 1320, College Writing I 3 MATH 1650, Pre-Calculus 5 ECON 1100, Principles of Microeconomics, or ECON 1110, Principles of Macroeconomics 3 PSCI 1050, American Government 3 LANG 2050, Foreign Language (intermediate){2} 3 Total 17 SOPHOMORE YEAR FALL HOURS ECON 3550, Intermediate Micro-Theory 3 Physical Science{3} 4 ENGL 2210, World Literature 3 HIST 2610, United States History to {18654} 3 Understanding of Ideas and Values{5} 3 Total 16 SPRING HOURS ECON 3560, Intermediate Macro-Theory 3 Physical Science{3} 4 ENGL 2220, World Literature 3 HIST 2620, United States History Since {18652} 3 CSCI 1100, Introduction to Computer Science{6} 3 Total 16 JUNIOR YEAR FALL HOURS COMM 1010, Introduction to Communications{7} 3 ECON 4020, Money and Financial Institutions 3 ECON Elective (advanced) 3 Minor8* 3 MATH 1680, Elementary Probability and Statistics, or MSCI 3700 Statistical Analysis I* 3 Total 15 SPRING HOURS PHED 1000, Scientific Principles and Practices of Health-Related Fitness, or DANC 1100, Stress Reduction Through Movement 2-3 ECON 4510, History of Economic Thought 3 ECON Elective (advanced) 3 Minor8* 3 Natural Science{3} 4 Total 15-16 SENIOR YEAR FALL HOURS ECON Elective (advanced) 3 PHIL{9} 3 Minor (advanced)8* 3 Minor (advanced)8* 3 Elective (advanced)10* 3 Natural Science{3} 4 Total 19 SPRING HOURS ECON Elective (advanced) 3 Minor (advanced)8* 3 Minor (advanced)8* 3 Visual and Performing Arts{11} 3 Elective (advanced)10* 3 Understanding of Ideas and Values{5} 3 Total 18 Total Minimum Hours Required: 128 Note: Some courses may require prerequisites not listed in the above plan. {1} Students should consult the Department of Mathematics for proper placement into the appropriate level before beginning their mathematics program. {2} Contact the Department of Foreign Languages and Literatures for proper placement into the appropriate level. Students must demonstrate proficiency by exam or complete the required prerequisites (LANG 1010- 1020) before enrolling in LANG 2040 or 2050. {3} See the "Arts and Sciences Core Curriculum" in the College of Arts and Sciences section of this catalog for a list of approved sciences. {4} Advanced American/Texas History courses may be substituted to help meet the 42 advanced hours degree requirement. {5} Understanding of Ideas and Values: One course per group from any two of Groups I, II, III. See "University Core Curriculum Requirements" in the Academics section of this catalog for a list of approved courses. {6} Proficiency exam or CSCI 1100, CECS 1100, or BCIS 2610. {7} Proficiency exam or COMM 1010, 1440, or 2040. {8} Hours in the minor may vary. For hours in a specific minor contact your major departmental adviser. {9} PHIL 2050, 2310, or 2330 also will satisfy 3 hours of the Understanding of Ideas and Values, Group I requirement. See "Arts and Sciences Core Curriculum" in the College of Arts and Sciences section of this catalog for a list of approved courses. {10} Hours required in electives may vary. Consult departmental adviser. {11} See "University Core Curriculum Requirements" in the Academics section of this catalog for the list of approved Visual and Performing Arts courses. Note: ART 1300 and 2350 may not be used to satisfy both the Visual and Performing Arts requirement and the Understanding of Ideas and Values, Group II requirement. * Taking courses in the minor and core at the advanced level will aid the student in reaching the 42 advanced hours necessary for graduation. Additional advanced elective courses may be required if this course is not chosen at the advanced level. The student is responsible for reaching 42 total advanced hours. Summary of Degree Requirements: Economics (24 advanced): 30 Minor (advanced): 18 Core: English 12 American History 6 Political Science 6 Natural and Physical Sciences 16 Mathematics/Management Science 6-9 Wellness 2 Visual and Performing Arts 3 Understanding of Ideas and Values 6 Philosophy 3 Foreign Language: 6 Oral Communications: 3 Computer Science: 3 Note: 30 hours of ECON must include 1100-1110, 3550, 3560, 4020 and 4510. 40 hours of the 131 hours must be advanced. Course selections must be approved by an undergraduate adviser. See your faculty adviser each semester for help in program decisions and preparation for enrollment. Supplemental Information for BA with a Major in Economics Majors must complete at least 30 hours in economics, including ECON 1100-1110, 3550, 3560, 4020 and 4510. MATH 1650 and 1680 are required. All course selections must be approved by an undergraduate adviser or the department chair. Bachelor of Business Administration BBA candidates must complete a minimum of 127 semester hours, 42 of which must be advanced, and meet "General University Requirements" and "University Core Curriculum Requirements" as stated in the Academics section of this catalog, and general course and curriculum requirements of the College of Business Administration. The professional field in economics is planned with the economics undergraduate adviser and includes ECON 3550, 3560 and 4020; 9 additional advanced economics hours; and 12 hours of approved supporting courses, including FINA 4500. Minor in Economics Requirements for an economics minor are ECON 1100-1110, plus 12 additional hours of upper-division courses (3000- or 4000-level). Teacher Certification Students who expect to teach economics in secondary schools must complete the requirements of the state of Texas for teacher certification as listed by the Department of Teacher Education and Administration in the College of Education section. It is suggested that students preparing for the EXCET complete ECON 1100, 1110, 3050 and 4850. Graduate Degrees The Master of Arts and Master of Science with a major in economics and the Master of Science with majors in economics research or labor and industrial relations are offered through this department. For information, consult the Graduate Catalog. Scholarships Melton-Cochran Scholars The department annually awards one $200 scholarship based on merit to an economics major. The recipients are known as Melton-Cochran Scholars in honor of two professors with long meritorious service to the economics department. To be eligible, a student must be an economics major of junior standing (60 credit hours) and have a minimum 3.5 grade point average. The student with the highest overall GPA receives the scholarship. The award is announced on Honors Day. For additional information, contact the undergraduate adviser in Wooten Hall, Room 335. Tom Preston Economics Scholarship This scholarship is awarded to outstanding undergraduate and graduate economics majors. The faculty of the Department of Economics select the scholarship recipients from a list of nominees compiled by the undergraduate adviser and the teaching assistants/teaching fellows coordinator of the Department of Economics. Any student who has declared economics as their major is eligible, including entering freshmen and entering graduate students. The criteria for selection are based on the student's grade point average (GPA) both at the University of North Texas (unless entering UNT for the first time) and elsewhere, SAT I, or ACT or GRE scores, and performance in economics classes, both at the University of North Texas (unless entering UNT for the first time) and elsewhere. To be eligible, the student must have a minimum GPA of 3.0, a minimum SAT I of 1000 (or a minimum ACT of 24) for undergraduates or a minimum GRE of 900 for graduates. The amount and number of awards depends on the availability of funding. Departmental Scholarships Scholarships are awarded to outstanding undergraduate and graduate economics majors. The Department of Economics faculty selects the scholarship recipients from a list of nominees compiled by the department's undergraduate adviser and the TA/TF (teaching assistants/teaching fellows) coordinator. Any student who has declared economics as their major is eligible, including entering freshmen and entering graduate students. The criteria for selection are based on the student's grade point average (GPA) both at the University of North Texas (unless entering UNT for the first time) and elsewhere; SAT, ACT or GRE scores; and performance in economics classes, both at UNT (unless entering UNT for the first time) and elsewhere. To be eligible, the student must have a minimum GPA of 3.0, a minimum SAT of 1000 (or a minimum ACT of 24) for undergraduates or a minimum GRE of 900 for graduates. The amount and number of awards depend on the availability of funding. For further information, contact the undergraduate adviser in Wooten Hall, Room 335. Center for Economic Education Steven L. Cobb, Director The Center for Economic Education is committed to making formal instruction in economics more accessible to the broad community of North Central Texas. The center maintains an in-service teacher training program of course offerings regularly scheduled during evening hours and in the summer. This program provides a mechanism for the in-service training of economics teachers in community colleges, and secondary and elementary schools. In addition to these regional instructional programs, the center develops instructional material, conducts research in economics education, maintains an instructional resource center and provides technical assistance in matters pertaining to instruction in economics. Graduate Degree The center directs a professional program leading to the Master of Science degree with a major in economics and a support area in economic education. The degree program is designed in consultation with the director of the center and the graduate adviser. For information on graduate study, consult the Graduate Catalog. Labor and Industrial Relations Institute Lewis M. Abernathy, Director The Labor and Industrial Relations Institute coordinates and directs research programs that involve the study and analysis of problems related to the development, utilization and conservation of human resources. It also provides training and technical assistance to public and private organizations both on and off campus. Graduates of the program work as human resource directors, labor relations specialists and labor market analysts. Graduate Degree The institute offers a professional degree program leading to a Master of Science with a major in labor and industrial relations. For information on graduate study, consult the Graduate Catalog. Center for Inter-American Studies and Research David J. Molina, Director The Center for Inter-American Studies and Research has three primary objectives. The first is to promote research through the acquisition of external funding for projects focusing on the socio-economic problems of North, Central and South America. The center also coordinates undergraduate and graduate programs within existing departments for students interested in problems of this region. Beyond the campus, the center develops relationships with other institutions, both public and private, for the exchange of scholars and students, as well as joint research and conferences. Center for Environmental Economic Studies and Research Michael Nieswiadomy, Director The Center for Environmental Economic Studies and Research promotes the use of economic tools to analyze environmental issues. The center also coordinates undergraduate major programs within existing departments for students interested in environmental topics. The center cooperates with other universities, educational institutions and government agencies to promote research and seminars on environmental economics for the public. Courses of Instruction All Courses of Instruction are located in one section at the back of this catalog.