236 Business Administration
(915) 747-5245

CHAIRPERSON: Timothy P. Roth
PROFESSOR EMERITUS: Paul D. Zook
PROFESSORS: Herbst, James, Roth, Sprinkle
ASSOCIATE PROFESSORS: Brannon, Holcomb, Johnson, Schauer, Smith, Tollen
ASSISTANT PROFESSORS: Traichal, Fullerton
SENIOR LECTURER: Herendeen

ECONOMICS
BA DEGREE - Specific requirements for the economics major are: Economics 3203, 3204, 3302, 3303, 3320, and twelve additional hours of economics; Mathematics 3201; and a statistics course offered by either the College of Business Administration or the Department of Mathematical Sciences. Students majoring in Economics and minoring in Business may not take free electives in the College of Business Administration.

General Prerequisite: A 2.0 cumulative GPA and Junior standing for all 3300 or 3400 level courses.

Economics (ECON) Courses

3101 Basic Issues in Economics (3-0) (Common Course Number ECON 1301)

The course is designed to expose non-business majors to a broad range of economic issues and policies. The course will emphasize current trends in economic thought and selected topics of current interest. May not be taken for credit toward any degree plan in the College of Business Administration.

A survey of the basic principles of economics designed to give a broad understanding of the economy; primary attention is given to aggregate problems and issues considered of particular importance to the nation. Prerequisite: MATH 3120 or MATH 4109 with a grade of "C" or better.

A survey of basic principles of economics designed to provide an analytical understanding of markets, prices, and production. Prerequisite: MATH 3120 or MATH 4109 with a grade of "C" or better.

A study of national income accounting and theory; emphasis is placed on the classification and analysis of conventional spending sectors and their effect on income and employment; a critical survey of policy applications that affect the level of income and employment. Prerequisites: ECON 3203 and (1) MATH 3120, (2) MATH 4109, or (3) MATH 4110.

A study of cost, demand, and price theory; the concepts, assumptions, and policy implications of aspects of particular equilibrium and general equilibrium theory; a critical survey of various concepts of the scope, methods, and approaches to economics. Prerequisite: ECON 3204.

A description of the history and present characteristics of the money and banking structure of the United States. Special emphasis is placed on monetary policy as it affects the level of economic activity. Prerequisite: ECON 3203.

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3334 Regional Economics (3-0)

Location theory, factors influencing regional growth and techniques of analysis. Description of economic regions and analysis of interaction among economic regions. Prerequisites: ECON 3203 and ECON 3204.

Investigation of economic forces in metropolitan areas. Topics covered include urban growth patterns, metropolitan economic performance, real estate markets, local public finance, and location theory.

A study of the impact of government policy on the economy, emphasizing effects of governmental regulation on manufacturing and service industries, public utilities, and other segments of the economy. Prerequisite: ECON 3204.

Considers economic theory and current problems of monetary and fiscal policy, regional economic integration, land reform, export patterns, and industrialization. The emphasis is institutional rather than analytical.

A course concerned with problems of economic growth in the less developed countries. Consideration is given to patterns and problems of human and material resource utilization, capital formation, investment criteria, inflation and the development of innovative techniques. Emphasis is placed on the application of analytical concepts to the problems of economic development.

Basic concepts and operations of mathematical logic and their application to economic analysis. Prerequisites: ECON 3203 and ECON 3204.

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3373 Introduction to Econometrics (3-0)

An introductory course designed to acquaint the student with the basic concepts employed in model building, different types of economic models, problems and techniques of quantifying models, and the use of such models for public and business policy. Prerequisites: ECON 3203 and ECON 3204.

A study of the development of principal economic doctrines and schools of economic thought. Prerequisites: ECON 3203 and ECON 3204.

An analysis and critique of current monetary theories and their development from classical roots. Emphasis is placed on the relationship between the theories and their policy implications. Prerequisite: ECON 3320.

Principal theories of international trade: foreign exchange markets, international capital flows, barriers to trade, international economic institutions, and the economics of regional trade integration. Prerequisites: ECON 3203 and ECON 3204.

Financial administration by agencies of local, state, and federal government; principles of taxation; sales, property, income, and inheritance taxes; analysis of government expenditures and the public credit. Prerequisites: ECON 3203 and ECON 3204.

A study of the basic principles, historical background, and characteristics of labor markets; theories of wages, wage structures, collective bargaining, and the role of government in labor problems. Prerequisite: ECON 3204.

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3468 Economy of Mexico (3-0)

A survey of the growth and change of the Mexican economy. Emphasis is placed on the description and analysis of recent and current economic policy.

Prerequisite: Department approval.

3310 Business Finance (3-0)

An introduction to the concepts of finance as applied in a business environment. Topics typically covered include financial environment, time value of money, valuation, capital budgeting, capital structure, and working capital management. Prerequisites: ACCT 3201 with "C" or better and (1) MATH 3120 with "C" or better or (2) MATH 4109 with "C" or better or (3) MATH 4110 with "C" or better.

Introduction to the analysis of investment media, means of purchasing and selling securities, and personal investment decision-making. Emphasis is given to determinants of growth, safety, and income and to problems involved in achieving objectives. Prerequisite: FIN 3310.

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3325 Money and Capital Markets (3-0)

Analysis of the instruments and institutions of the money and capital markets and emphasis on the roles of these markets in the economy. Prerequisite: ECON 3320.

A study of modern financial management from the personal point of view. Budgeting, uses of savings, consumer credit, forms of insurance, and estate planning are among the topics discussed. Will count as free elective for BBA degree.

The development and utilization of financial plans, policies, and practices in business enterprises. Particular emphasis is given to illustrative problems and cases. Prerequisite: FIN 3310.

The theory and practice of bank asset and liability management in the context of a liquidity-profitability conflict. Prerequisites: FIN 3310 and ECON 3320.

An analysis of current problems in commercial banking from the points of view of the banks, their regulators, and the public. Prerequisite: FIN 3411 or department approval.

A study of investment management policies for individuals and institutions and the operation of organized security exchanges and the over-the-counter market. Prerequisite: FIN 3315.

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3416 Speculative Markets (3-0)

A study of the nature, functions, and applications of the various futures and options markets and contracts. Basis, long and short term hedging, spreading, and normal and inverted markets are examined, along with theoretical considerations. Prerequisite: FIN 3310.

An inquiry into the techniques of analysis of financial statements as an aid to extraction and evaluation of information for interpretation and decision-making by lenders, investors, and others. Prerequisite: FIN 3310.

A study of international monetary problems, financing of the flow of goods and services among nations, and balance of payments considerations. Prerequisite: ECON 3320.

A study of the history, economic functions, operating techniques, and policies of central banks. Emphasis is given to concurrent problems of monetary policy and control. Prerequisite: ECON 3320.

Exposure to the application of financial management and/or investment topics in a business environment. Prerequisites: FIN 3310, three additional hours of Finance, departmental approval, and a 3.0 cumulative GPA.

Prerequisite: Department approval.

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