Economics

Economics, ECON = 0128

4020. Money and Financial Institutions. 3 hours. Nature and functions of money; modern banking institutions and central banks; credit control and monetary stabilization. Prerequisite(s): ECON 1100-1110.

4030. Economic Cycles and Forecasting. 3 hours. Historical survey of economic cycles, theories and stabilization policies. Analysis of major economic aggregates involved in cycle turning points for economic expansion and contraction. Prerequisite(s): ECON 1100-1110 or consent of department. May not be repeated at the graduate level as ECON 5080.

4100. Comparative Economic Systems. 3 hours. An examination of the theoretical foundations and structure and performance of various economies of the world. Theoretical coverage emphasizes decision making, price systems, planning, information and motivation, rather than an ideological approach. Topics of modern capitalism are covered as well as the non-Western economies of the former Soviet Union, Eastern Europe and China. Prerequisite(s): ECON 1100-1110 or consent of department. May not be repeated at the graduate level as ECON 5070.

4140. Managerial Economics. 3 hours. Integrates microeconomic theory with accounting, finance, marketing and production management. Demand and cost estimation and forecasting; pricing; business strategy; case studies. Prerequisite(s): ECON 1100-1110 or consent of department. May not be repeated at the graduate level as ECON 5140.

4150. Public Finance. 3 hours. Analysis of theoretical foundations, structure and performance of public sector. Includes issues of public choice theory, market failures, taxing, spending, borrowing and subsidies. Prerequisite(s): ECON 1100-1110 or consent of department. May be counted as government. May not be repeated at the graduate level as ECON 5150.

4180. The Economics of Health Care. 3 hours. Application of economic theory and analysis to the financing and delivery of medical care. Emphasis on the use of economic concepts to understand health care markets and public policy issues. May not be repeated at the graduate level as ECON 5180.

4290. Labor Problems and Labor Legislation. 3 hours. Unemployment, industrial injuries, industrial old age, ill health and substandard employment; remedial program evaluation. Prerequisite(s): ECON 1100-1110.

4440. Economics of Natural Resources and Environment. 3 hours. Natural resource management and use: problems of renewable and non-renewable resources, including scarcity and market responses, role of property rights, externalities, benefit-cost analysis and energy policy with emphasis on Texas; analysis of environmental problems and policy formulation. Prerequisite(s): ECON 1100-1110 or consent of department. May not be repeated at the graduate level as ECON 5440.

4460. Industrial Organization and Public Policy. 3 hours. Emphasizes relationships between structure, conduct and performance of industries. Topics include concentration, barriers to entry, pricing, mergers, product differentiation, technical change, antitrust and regulation. Case studies of selected American industries illustrate theory and public policy. Prerequisite(s): ECON 1100. May not be repeated at the graduate level as ECON 5460.

4470. Economics and Social Welfare. 3 hours. The American economic system and its relation to social welfare. The micro- and macroeconomic systems. Government policies for social control, macroeconomic stability, income maintenance and distribution, and social welfare. Not open to economics majors.

4510. History of Economic Thought. 3 hours. Economic thought since the Middle Ages. Prerequisite(s): ECON 1100-1110. May not be repeated at the graduate level as ECON 5090.

4600. Economic Development. 3 hours. General analysis and survey of development theories, problems and policies involved with those countries that have not yet attained the level of economic well-being and integration observed in the United States. Prerequisite(s): ECON 1100-1110 or consent of department. May not be repeated at the graduate level as ECON 5700.

4650. Regional Economics. 3 hours. Economic analysis applied to regional problems; problems and techniques relevant to the Southwest economy. Prerequisite(s): ECON 1100-1110 or consent of department. May not be repeated at the graduate level as ECON 5750.

4850. International Trade. 3 hours. Examines the nature and theoretical foundations of modern trade between nations. Topics include patterns of international trade and production, welfare implications of trade, impacts of tariffs and quotas, balance of trade and balance of payments issues. Analysis of trade implications of international monetary systems, multinational corporations, exchange rates and economic implications of political action. Prerequisite(s): ECON 1100-1110 or consent of department. May not be repeated at the graduate level as ECON 5850.

4870. Introduction to Econometrics. 3 hours. Statistical analysis applied to economic problems. Regression analysis using ordinary least squares (OLS), statistical inference and the classical properties of OLS estimators. Prerequisite(s): 6 hours of statistics or consent of department. May not be repeated at the graduate level as ECON 5640.

4920. Cooperative Education in Economics. 1-3 hours. Supervised work in a job directly related to the student's major, professional field of study or career objective. Prerequisite(s): 12 semester hours credit in economics; student must meet employer's requirements and have con-sent of department chair. May be repeated for credit.

5000. Economic Concepts. 3 hours. Theory of the firm under different market structures; demand theory, the Keynesian model and
the money system.

5020. Seminar on Economic Data Acquisition and Analysis. 3 hours. Collection and analysis of economic data. Application of statistical and economic analysis to wide array of data, including monetary, unemployment, GNP, industrial productivity and inflation. Prerequisite(s): ECON 3550 and 3560 or consent of department.

5030. Microeconomic Analysis. 3 hours. Theory of the firm relating to production and employment; consumer behavior and related concepts of microeconomic efficiency. Prerequisite(s): ECON 1100-1110 or 5000. Usually offered spring semester.

5040. Macroeconomic Analysis. 3 hours. National income determination and measurement, macroeconomic stabilization policy and macroeconomic theory. Prerequisite(s): ECON 1100-1110 or 5000. Usually offered fall semester.

5050. Seminar on Contemporary Economic Problems. 3 hours. Investigation, analysis and discussion of significant problems in contemporary economics. Prerequisite(s): consent of department. May be repeated for credit.

5070. Comparative Economic Systems. 3 hours. An examination of the theoretical foundations, structure and performance of various economies of the world. Theoretical coverage emphasizes decision making, price systems, planning, information and motivation, rather than an ideological approach. Topics of modern capitalism are covered, as well as the non-Western economies of the former Soviet Union, Eastern Europe and China. Individual readings and research required. Prerequisite(s): ECON 1100-1110 or consent of department. Students may not receive credit for both ECON 4100 and 5070. Usually offered spring semester.

5080. Economic Cycles and Forecasting. 3 hours. Historical survey of economic cycles, theories and stabilization policies. Analysis of major economic aggregates involved in cycle turning points for economic expansion and contraction. Individual readings and research required. Prerequisite(s): ECON 1100-1110 or consent of department. Students may not receive credit for both ECON 4030 and 5080.

5090. Seminar on the History of Economic Thought. 3 hours. The development of economic thought since the Middle Ages. Prerequisite(s): ECON 1100-1110 or consent of department. Students may not receive credit for both ECON 4510 and 5090. Usually offered spring semester.

5100. Seminar on Contemporary Economic Thought. 3 hours. The development of economic thought since 1900. Prerequisite(s): 6 semester hours of advanced economics.

5140. Managerial Economics. 3 hours. Integrates microeconomic theory with accounting, finance, marketing and production management. Incremental reasoning to decision making under uncertainty. Prerequisite(s): ECON 3550 or 5030. Students may not receive credit for both ECON 4140 and 5140. Usually offered spring semester.

5150. Public Finance. 3 hours. Analysis of theoretical foundations, structure and performance of public sector. Includes issues of public choice theory, market failures, taxing, spending, borrowing and subsidies. Individual readings and research required. Prerequisite(s): ECON 1100-1110 or consent of department. Students may not receive credit for both ECON 4150 and 5150.

5170. Seminar in the Economics of Taxation and Tax Policy. 3 hours. Topics in tax policy, such as comprehensive tax base, consumption taxes, VAT taxes, equity and efficiency issues, tax rules and how they influence investment and consumption decisions. Prerequisite(s): enrollment in MS accounting or consent of instructor.

5180. Economics of Health Care. 3 hours. Application of economic theory and analysis to the financing and delivery of medical care. Emphasis on the use of economic concepts to understand public policy issues in medical care. Students may not receive credit for both ECON 4180 and 5180. Usually offered fall semester.

5210. Seminar on Labor Area Economics. 3 hours. Individual research in contemporary labor force problems; national and regional labor markets; remedial and curative labor policies. Prerequisite(s): 6 hours of advanced economics or consent of department chair.

5250. Advanced Labor Seminar. 3 hours. Designed to meet the needs of students prepared to do advanced and specialized work in the field of contemporary labor problems, legislation and labor theory. Prerequisite(s): 6 hours of advanced economics and consent of department chair.

5270. Seminar in Labor and Industrial Relations Problems. 3 hours. Broad, interdisciplinary aspects of labor and industrial relations problems as currently emphasized by economic, social, political and business conditions. Wide variety of resource personnel from each of the academic disciplines, business, labor and government, and administrators who are experienced specialists in their areas.

5280. Research Seminar in Labor and Industrial Relations Problems. 3 hours. Research methodologies and problems in the areas of labor and industrial relations. Practical primary research is required of each student. Prerequisite(s): consent of department.

5330. Advanced Macroeconomic Theory. 3 hours. Rigorous theoretical treatment of mainstream theory and method. Theories of national income determination, rational expectations, fiscal and monetary policies, inflexible wages and prices, consumption, investment, the inflation-unemployment tradeoff and business cycles. Prerequisite(s): ECON 3560 or 5040, 4020 or consent of department. Usually offered fall semester.

5340. Advanced Microeconomic Theory. 3 hours. Microeconomic theory and its applications. Emphasizes the logical structure of microeconomics and the formal specification of microeconomic problems. Special topics may include intertemporal choice, uncertainty and risk analysis; industrial organization and antitrust policy; advanced managerial economics; cost-benefit analysis. Prerequisite(s): ECON 3550 or 5030 and 5600, or consent of department. Usually offered spring semester.

5400. Advanced Monetary Theory and Policy. 3 hours. Classical and contemporary monetary theory; theoretical and policy problems in the area of money and credit; selected current topics in macroeconomics; applications to both the domestic and international economies. Prerequisite(s): ECON 4020 or equivalent, or consent of department. Usually offered fall semester.

5440. Economics of Natural Resources and Environment. 3 hours. Natural resource management and use: problems of renewable and non-renewable resources, including scarcity and market responses, role of property rights, externalities, benefit-cost analysis and energy policy with emphasis on Texas. Analysis of environmental problems and policy formulation. Prerequisite(s): ECON 1100-1110 or consent of department. Students may not receive credit for both ECON 4440 and 5440. Usually offered fall semester.

5460. Industrial Organization and Public Policy. 3 hours. Emphasizes relationships between structure, conduct and performance of industries. Topics include concentration, barriers to entry, pricing, mergers, product differentiation, technical change, antitrust and regulation. Case studies of selected American industries illustrate the theory and public policy implications. Individual readings and research required. Prerequisite(s): ECON 3550 or consent of department. Students may not receive credit for both ECON 4460 and 5460. Usually offered fall semester.

5600. Mathematical Economics. 3 hours. Mathematical approaches to economic theory: models of production, consumer choice, markets and pricing; simple macroeconomic models. Prerequisite(s): ECON 3550 and 3560, or consent of department. Usually offered fall semester and summer term I.

5630. Research Methods. 3 hours. Research methodology for business and the social sciences. Topics include research design; techniques of exploratory data analysis; measures of association; a survey of multivariate factor, discriminant and clustering procedures; and an introduction to linear regression analysis. Prerequisite(s): 3 hours of college statistics or consent of instructor. Offered fall semester only. (Same as AECO 5870.)

5640. Multivariate Regression Analysis. 3 hours. Application of multivariate regression analysis to issues in business and the social sciences. Topics include estimation and analysis of linear models under ideal and non-ideal conditions, instrumental variables estimation and estimation of models with limited dependent variables. Emphasis is placed upon the application of computer technology to practical problems in forecasting and policy analysis. Prerequisite(s): 3 hours of college statistics or consent of instructor. (Same as AECO 5880.)

5650. Advanced Econometrics. 3 hours. Comprehensive examination of the theory and practice of econometrics. Topics include estimation and analysis of the general linear statistical model, estimation of simultaneous equations models and estimation of models with limited dependent variables. Prerequisite(s): 3 hours of college statistics and ECON 5600, or consent of department. Usually offered spring semester and summer term II.

5660. Economic Forecasting. 3 hours. Time series analysis and forecasting methodologies applied to problems in business and the social sciences. Topics include smoothing techniques, classical decomposition methods, Box-Jenkins estimation and simulation techniques. Emphasis is placed upon the application of forecasting and simulation methodologies to economic and business data through the use of microcomputer technology. Prerequisite(s): 6 hours of college statistics or consent of instructor. Usually offered spring semester.

5670. Topics in Empirical Econometrics. 3 hours. Analysis, interpretation, and development of empirical applications of econometric estimation procedures with emphasis on the examination of real-world economic phenomena and a focus on applied procedures including: dummy variables and structural change, heteroskedasticity, autocorrelation, simultaneous equations and causality, logit, probit, Tobit, and panel data. Prerequisite(s): ECON 5650. Usually offered fall semester.

5700. Economic Development. 3 hours. General analysis and survey of development theories, problems and policies involved with those countries that have not yet attained the level of economic well-being and integration observed in the United States. Individual readings and research required. Prerequisite(s): ECON 1100-1110 or consent of department. Students may not receive credit for both ECON 4600 and 5700. Usually offered spring semester.

5750. Regional Economics. 3 hours. Economic analysis applied to regional problems; problems and techniques relevant to the Southwest economy. Individual readings and research required. Prerequisite(s): ECON 1100-1110 or consent of department. Students may not receive credit for both ECON 4650 and 5750. Usually offered fall semester.

5850. International Trade. 3 hours. Examines the nature and theoretical foundations of modern trade between nations. Topics to be covered include patterns of international trade and production, welfare implications of trade, impacts of tariffs and quotas, balance of trade and balance of payments issues. Analysis of trade implications of international monetary systems, multinational corporations, exchange rates and economic implications of political action. Individual readings and research required. Prerequisite(s): ECON 1100-1110 or consent of department. Students may not receive credit for both ECON 4850 and 5850. Usually offered fall semester and summer term I.

5880. Seminar on Current Health Care Economics Research. 3 hours. Topics include health care reform; problems associated with health insurance markets; alternative health care financing systems in the United States and other countries; health care regulation by the states; universal health care coverage; and the "public goods" nature of health care. Topics are subject to change depending on the current trends in the field and relevancy to students interests. The course includes presentations and discussion of the student's research papers. Prerequisite(s): ECON 4180 or 5180.

5900-5910. Special Problems. 1-3 hours each. Open to advanced students capable of doing independent research under the direction of the instructor. To be registered for only on recommendation of the department chair.

5920-5930. Research Problems in Lieu of Thesis. 3 hours each. Required of Master of Science candidates majoring in economic research or labor and industrial relations who choose not to take the exit exam (Option 1). A problem in lieu of thesis with an emphasis on empirical studies will be written and submitted. Prerequisite(s): consent of department.

5950. Master's Thesis. 3 or 6 hours. To be scheduled only with consent of department. 6 hours credit required. No credit assigned until thesis has been completed and filed with the graduate dean. Continuous enrollment required once work on thesis has begun. May be repeated for credit. Required for Master of Arts and Master of Science in economics.

5960-5970. Economics Institute. 1-6 hours each. For students accepted by the university as participants in special institute courses. May be repeated for credit, but not to exceed a total of 6 hours.

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