DEPARTMENT OF ECONOMICS AND INTERNATIONAL BUSINESS
Economics
Course Descriptions
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ECO 230
Introduction to Economics. [ECON 1301] A combination of
micro-economic and macro-economic principles. Designed for those
who are neither majors nor minors in economics, but who would benefit
from a one semester introduction to economic principles. Credit
3. (Taught each semester.)
ECO 233
Principles of Microeconomics. [ECON 2302] Basic economic
principles including individual decision making, price theory, analysis
of the firm, competition and monopoly, and the distribution of income.
Credit 3. (Taught each semester.)
ECO 234
Principles of Macroeconomics. [ECON 2301] The economic
role of government, public finance and taxation, unemployment and
inflation, national income theory, money and banking, economic fluctuations
and growth, and international trade and finance. Credit 3. (Taught
each semester.)
ECO 335
Comparative Economics Systems. Market oriented, free enterprise
capitalism, and its development, compared with alternative economic
systems. Prerequisite: ECO 230 or 233. Credit 3. (Taught every third
long semester.)
ECO 361
Labor Economics. Problems of unemployment, wage theory,
collective bargaining, labor legislation, and proposals for the
solution of labor problems. The recent problems of labor are given
special consideration. Prerequisite: ECO 230 or 233. Credit 3. (Taught
only in the spring.)
ECO 362
Intermediate Macroeconomics. National income concepts and
measurements; analysis of the factors influencing the level of national
income, employment, price, and production; and application to current
problems. Prerequisite: ECO 230 or 234. Credit 3. (Taught in fall,
spring, and SI.)
ECO 363 Urban and Regional Economics. (Effective Fall 2007 this course will be taught as ECO 464.) Economic problems of metropolitan and rural areas, location theory, regional resources, transportation problems, crime, and poverty. Prerequisite: ECO 230 or 233. Credit 3. (Taught only in the fall.)
ECO 364
Public Finance. The function of government in the marketplace
with emphasis on public goods, externalities, taxation, fiscal federalism,
and cost-benefit analysis. Prerequisites: ECO 230 or 233 and 234.
Credit 3
ECO 367
Intermediate Microeconomics. Pricing and output policies
of firms, resource pricing, and distribution under condition of
perfect competition, monopoly, oligopoly, and monopolistic competition
Prerequisite: ECO 230 or 233. Credit 3. (Taught in fall, spring,
and SI.)
ECO 370
Economics of Business and Government. A study of the complex
relationship between the business sector and the public sector in
the United States and in the global marketplace. Topics will include
the regulation of business in its various formats and the promotion
of business nationally and internationally. Prerequisite: ECO 230,
233, or 234. Credit 3. (Taught only in the spring semester).
ECO 374
Contemporary International Issues in Economics. Examination
of current literature dealing with international trade and financial
issues. Preparation, presentation and discussion of descriptive
and analytical papers. Prerequisite: ECO 230, 233, or 234. Credit
3. (Taught every third long semester.)
ECO 430
Readings in Economics. Individual study arranged with a
member of the Economics and Business Analysis faculty. Conferences
and written reports are typically required. A carefully prepared
research paper concludes the course. This course may be taken for
Academic Distinction Program Credit and can be used for Internship
credit. This course may be repeated. Prerequisite: Consent of the
Chair of the Department of Economics and International Business.
Credit 1, 2, or 3.
ECO 463
Monetary Economics. The role of money in a market economy
with special attention given to national and international monetary
and banking systems, and to their influence on the levels of income,
employment, and , and international capital movements. Prerequisite:
ECO 230 or 234. Credit 3. (Taught only in the fall.)
ECO 464
Urban and Regional Economics. (Prior to Fall 2007 this course was taught as ECO 363.) Economic problems of metropolitan
and rural areas, location theory, regional resources, transportation
problems, crime, and poverty. Prerequisite: ECO 230 or 233. Credit
3. (Taught only in the fall.)
ECO 465*
Introduction to Business Forecasting and Econometrics.
The application of statistical methods for business and economic
forecasting and for hypothesis testing, estimation, and analyzing
economic data Prerequisites: ECO 233 and 234, BAN 363. Credit 3
ECO 467
Managerial Economics. An integration of economic tools
of analysis with optimization techniques such as calculus, LaGrangian
multipliers and linear programming. Additional topics include risk
analysis and decision-making under uncertainty, inventory control,
profitability analysis, and capital budgeting. Prerequisites: ECO
230 or 233, BAN 232, FIN 367. Credit 3. (Taught in fall, spring,
and SII.)
ECO 468
Economic Development. Theoretical explanations and historical
factors of economic development and underdevelopment. Policies for
accelerating development in third world countries are analyzed.
Prerequisite: ECO 230 or 233. Credit 3. (Taught every third long
semester.)
ECO 473*
Economics of Sports. Application of economic principles
to sport. Economic aspects of sports include: demand and supply,
advertising, team output decisions, league/conference organization
role of government. Prerequisite ECO 230 or 233. Credit 3
ECO 480
International Economics. Economic concepts and analytical
tools relating to international economics; examine foreign exchange
markets and the theory of balance-of-payments adjustment; examine
commercial policy as it relates to international trade; examine
the role of international financial institutions. Prerequisite:
ECO 230 or 233. Credit 3. (Taught only in the spring).
ECO 490
Environmental Economics. An examination of how human values,
activities, and institutions affect the environment and how the
tools of economics can be used to evaluate public policy alternatives
designed to improve the quality of the environment. Prerequisite:
ECO 230 or 233 or 234. Credit 3. (Taught only in the fall semester).
ECO 499
Internship. This course is designed to provide the student
an opportunity to apply academic skills in a practical work environment
under the supervision and guidance of a working professional. Prerequisites:
ECO 233 and 234, ACC 231 and 232, junior standing, overall GPA of
2.5 or greater, and permission of the Departmental Chair.
*Subject to action by the Board of Regents, The Texas State University
System, and the Texas Higher Education Coordinating Board.
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