Economics and Finance
Web site at: http://www.utep.edu/coba/eco_fin/home.htm
236 Business Administration
CHAIRPERSON: Timothy P. Roth
PROFESSOR EMERITUS: Paul D. Zook
PROFESSORS: Herbst, James, Roth, Sprinkle
ASSOCIATE PROFESSORS: Brannon, Holcomb, Johnson, Schauer, Smith,
ASSISTANT PROFESSORS: Traichal, Fullerton
SENIOR LECTURER: Herendeen
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.
3203 Principles of Economics (3-0)
(Common Course Number ECON 2301)
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.
3204 Principles of Economics (3-0)
(Common Course Number ECON 2302)
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.
3302 Intermediate Macroeconomic Theory (3-0)
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.
3303 Intermediate Microeconomic Theory (3-0)
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:
3320 Money and Banking (3-0)
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.
3335 Urban Economics (3-0)
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.
3351 Industrial Organization and Government Policy (3-0)
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.
3366 Economics of Latin America (3-0)
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.
3367 Economic Development (3-0)
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.
3372 Mathematical Economics (3-0)
Basic concepts and operations of mathematical logic and their application to economic analysis. Prerequisites: ECON 3203 and ECON
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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.
3380 History of Economic Thought (3-0)
A study of the development of principal economic doctrines and schools of economic thought. Prerequisites: ECON 3203 and ECON
3420 Monetary Theory (3-0)
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.
3425 International Economics (3-0)
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.
3430 Public Sector Economics (3-0)
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.
3440 Economics of Labor (3-0)
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
3498 Independent Study in Economics (0-0-3)
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.
3315 Investments (3-0)
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
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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.
3350 Personal Financial Planning (3-0)
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.
3410 Managerial Finance (3-0)
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.
3411 Commercial Bank Management (3-0)
The theory and practice of bank asset and liability management in the context of a liquidity-profitability conflict. Prerequisites: FIN 3310
and ECON 3320.
3412 Current Issues in Banking (3-0)
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.
3415 Investment Management and Security Markets (3-0)
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.
3418 Financial Statement Analysis (3-0)
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.
3425 International Finance (3-0)
A study of international monetary problems, financing of the flow of goods and services among nations, and balance of payments
considerations. Prerequisite: ECON 3320.
3428 Central Banking (3-0)
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.
3496 Internship in Finance (0-0-3)
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.
3498 Independent Study in Finance (0-0-3)
Prerequisite: Department approval.
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