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Economics

Requirements for the B.A. degree with a major in Economics
Requirements for the B.S. degree with a major in Economics
Requirements for the B.S. degree with a major in International Economics
Associated Requirements
Requirements for a minor in Economics
Requirements for Economics as a teaching field
Honors Program
Omicron Delta Epsilon
Courses of Instruction

 
(ECON)

Available as a major or a minor on the B.A. and B.S. degrees. The B.A. is provided for the student who has a general interest in economics but who does not plan to pursue a graduate degree or a career in Economics. Students who plan a graduate program or a career in Economics should enroll in the B.S. curriculum.

Requirements for the B.A. degree with a major in Economics: 24 semester hours in Economics, 18 of which must be at the 30000 level or above, plus a minimum of 6 semester hours in Associated Requirements. A grade of "C" or better must be attained in any course which is to count as one of the 24 hours in Economics or as one of the Associated Requirements. Specific requirements are as follows:

I.Foundations (12 hours)

ECON 10223 Introductory Microeconomics
ECON 10233 Introductory Macroeconomics
ECON 30223 Intermediate Microeconomics
ECON 30233 Intermediate Macroeconomics

II.Breadth Requirements (6 hours - 3 hours must be chosen from subsection A)

A.Contextual Inquiry

ECON 30413 American Economic History
ECON 40233 History of Economic Thought
ECON 50483 Financial History

B.International Economics

ECON 30213 Development Theory
ECON 30433 Development Studies
ECON 50123 International Trade and Payments
ECON 50133 International Monetary Economics
ECON 50443 International Economic Studies

C.Public Policy Economics

ECON 30133 Labor Economics
ECON 30143 Public Finance
ECON 40153 Economics of Financial Markets
ECON 40463 Regional and Urban Economics
ECON 50423 Regulation of Economic Activity

III.Additional Electives in Economics (6 hours)

Associated Requirements: MATH 10283 or MATH 10524 and MATH 10043 or DESC 20153.

Minor: A minor is required. Any minor approved by AddRan College is acceptable.

No more than six hours from sections II and III should be completed until the student has satisfactorily completed the Foundations (Group I) and the Associated Requirements.

Requirements for the B.S. degree with a major in Economics: 33 semester hours in Economics, 27 of which must be at the 30000 level or above, plus a minimum of 9 semester hours in Associated Requirements. A grade of "C" or better must be attained in any course which is to count as one of the 33 hours in Economics or as one of the Associated Requirements. Specific requirements are as follows:

I.Foundations (15 hours)

ECON 10223 Introductory Microeconomics
ECON 10233 Introductory Macroeconomics
ECON 30223 Intermediate Microeconomics
ECON 30233 Intermediate Macroeconomics
ECON 30313 Research Methods in Economics

II.Breadth Requirements (9 hours - 3 from each subsection)

A.Contextual Inquiry

ECON 30413 American Economic History
ECON 40233 History of Economic Thought
ECON 50483 Financial History

B.International Economics

ECON 30213 Development Theory
ECON 30433 Development Studies
ECON 50123 International Trade and Payments
ECON 50133 International Monetary Economics
ECON 50443 International Economic Studies

C.Public Policy Economics

ECON 30133 Labor Economics
ECON 30143 Public Finance
ECON 40153 Economics of Financial Markets
ECON 40463 Regional and Urban Economics
ECON 50423 Regulation of Economic Activity

III.Additional Electives in Economics (6 hours)

IV.Capstone Experience (3 hours)

ECON 40013 Senior Seminar in Economics
ECON 40003 Senior Honors Research Paper

Associated Requirements: MATH 10283 or MATH 10524, MATH 10043 or DESC 20153, COSC 10203 or 10403 or MANA 20253. Math 10043 and MATH 10524 are strongly recommended, but not required, for students pursuing the B.S. degree in economics. In addition, students planning to pursue graduate study in economics are advised to take MATH 20524 and MATH 30224.

Minor: A minor is required. Any minor approved by AddRan College is acceptable.

No more than six hours from sections II and III should be completed until the student has satisfactorily completed the Foundations (Section I) and the Associated Requirements.

Requirements for the B.S. degree with a major in International Economics: 33 semester hours in Economics, 27 of which must be at the 30000 level or above, plus a minimum of 18 semester hours in Associated Requirements and sophomore-level proficiency in a foreign language. A grade of "C" or better must be attained in any course which is to count as one of the 33 hours in Economics or as one of the Associated Requirements. Specific requirements are as follows:

I.Foundations (15 hours)

ECON 10223 Introductory Microeconomics
ECON 10233 Introductory Macroeconomics
ECON 30223 Intermediate Microeconomics
ECON 30233 Intermediate Macroeconomics
ECON 30313 Research Methods in Economics

II.International Economics (12 hours)

A.Core (6 hours)

ECON 50123 International Trade and Payments
ECON 50133 International Monetary Economics

B.Electives (6 hours)

ECON 30213 Development Theory
ECON 30433 Development Studies
ECON 50443 International Economic Studies

III.Additional Electives in Economics (3 hours)

IV. Capstone Experience (3 hours)

ECON 40013 Senior Seminar in Economics
ECON 40003 Senior Honors Research Paper
Associated Requirements: (18 hours)

I. Quantitative Skills (6 hours)

MATH 10283 or 10524 (latter recommended)
DESC 20153 or MATH 10043 (latter recommended)

II. International and Comparative Politics (6 hours)

POSC 20303 International Politics
POSC 30303 Topics in International Politics
POSC 30503 Topics in Comparative Politics

III. Language, History, and Culture (6 hours)

Internationally-related courses from ANTH, GEOG, HIST, JOUR, RELI, FINA, MANA, or MARK, or upper-division foreign language, selected with department approval (current list of approved classes available; offerings by other departments may be substituted with permission). Participation in TCU's Study Abroad program may waive three hours of this requirement (with prior approval from the Economics Department).

In addition, students planning to pursue graduate study in economics are advised to take MATH 20524 and MATH 30224.

Minor: A minor is required. Any minor approved by AddRan College is acceptable.

No more than six hours from sections II and III should be completed until the student has satisfactorily completed the Foundations (Section I) and the Associated Requirements.

Requirements for a minor in Economics. 18 semester hours in Economics to be distributed as follows:

ECON 10223 Introductory Microeconomics
ECON 10233 Introductory Macroeconomics
ECON 30223 Intermediate Microeconomics

or

ECON 30233 Intermediate Macroeconomics

Nine additional hours in Economics at the 30000 level or above.

Requirements for Economics as a teaching field. Students seeking certification for teaching Economics at the secondary school level should be advised by the departmental secondary certification advisor. Specific requirements are as follows:

I.Foundations (12 hours)

ECON 10223 Introductory Microeconomics
ECON 10233 Introductory Macroeconomics
ECON 30223 Intermediate Microeconomics
ECON 30233 Intermediate Macroeconomics

II.Breadth Requirements (9 hours - 3 from each subsection):

A. Contextual Inquiry

ECON 30413 American Economic History
ECON 40233 History of Economic Thought

B. International Economics

ECON 50123 International Trade and Payments
ECON 50133 International Monetary Economics

C. Public Policy Economics

ECON 30133 Labor Economics
ECON 30143 Public Finance
ECON 40153 Economics of Financial Markets

III. Electives (3 Additional Advanced Hours in Economics)

Pass/No Credit Option. Courses in the major and minor may be taken on the Pass/No Credit basis.

Honors Program. Economics majors who plan to pursue Departmental Honors must be members of the Honors Program and should enroll in ECON 30003 during their junior year and ECON 40003 during the fall semester of their senior year.

Omicron Delta Epsilon. The Eta of Texas Chapter of Omicron Delta Epsilon is sponsored by the Department of Economics. ODE is the national honor society in Economics.

 
The following is a complete list of courses offered by this department. Go to Class Search on the Registrar's Page to see which courses are being taught this semester.


Courses of Instruction


10223 INTRODUCTORY MICROECONOMICS. Overview of economics, introduction to microeconomic theory and policy; demand, supply, price determination in product and factor markets, principle of comparative advantage, concept of economic efficiency, perfect and imperfect competition.

10233 INTRODUCTORY MACROECONOMICS. Prerequisite: ECON 10223. Introduction to macroeconomic theory and policy; measurement of economic aggregates, inflation, unemployment, business cycles, fiscal and monetary policies, economic growth, exchange rates, balance of payments, and financial capital flows.

10241 LABORATORY IN MICROECONOMICS. Prerequisite: Concurrent registration in, or completion of, ECON 10223. Use of computer simulations, games, and formal exercises to build on, and to reinforce, concepts and procedures covered in ECON 10223.

10251 LABORATORY IN MACROECONOMICS. Prerequisite: Concurrent registration in, or completion of, ECON 10233. Use of computer simulations, games, and formal exercises to build on, and to reinforce, concepts and procedures covered in ECON 10233.

10533 FRESHMAN SEMINAR IN ECONOMICS: ECONOMICS AND CONTEMPORARY ISSUES. Discussion of economic topics of current interest for students with little or no background in economics. Among the topics that might be covered are the economics of higher education, crime, pollution, health, poverty, unemployment, and inflation. (Cannot count toward major in Economics.)

30003 JUNIOR HONORS SEMINAR. Prerequisite: Advanced standing in Economics and recommendation of the Chairman. Discussion of important books in the literature of economics and of significant economic problems.

30133 LABOR ECONOMICS. Prerequisites: ECON 10223 and 10233. Economic analysis of labor market issues, including minimum wage legislation, compensating wage differentials, human capital investment, discrimination, and collective bargaining.

30143 PUBLIC FINANCE. Prerequisites: ECON 10223 and 10233. Theory of public choice; budgeting procedures; theory and methods of financing government expenditures; fiscal policy.

30213 DEVELOPMENT THEORY. Prerequisites: ECON 10223 and 10233. An analysis of the changes that must take place in a society in order for economic development to proceed. Economic theories of development and growth.

30223 INTERMEDIATE MICROECONOMICS. Prerequisites: ECON 10223 and 10233, MATH 10283 or MATH 10524. Details of allocation and distribution theory of market economies. Explanations of product and factor market activities. Elements of partial and general equilibrium theories.

30233 INTERMEDIATE MACROECONOMICS. Prerequisites: ECON 10223 and 10233. Employment, monetary theory, aggregate demand and supply theory, economic performance and tools of measurement.

30313 RESEARCH METHODS IN ECONOMICS. Prerequisites: ECON 10223 and 10233, DESC 20153 or MATH 10043. Applications of statistical techniques in research. Includes methods of literature search, proposal writing, computer-based statistical programs, preparation of research reports.

30413 AMERICAN ECONOMIC HISTORY. Prerequisites: ECON 10223 and 10233. Developments in agriculture, industry, commerce, transportation, labor, and finance in the United States.

30423 INTRODUCTION TO SECURITY ANALYSIS. Prerequisite: ECON 10223 and 10233; ACCT 20153 recommended. Survey of financial markets including their historical evolution, their relation to the macroeconomy, economic influences on prices of financial assets, government polices, and basic portfolio management.

30433 DEVELOPMENT STUDIES. Prerequisites: ECON 10223 and 10233. Survey of development experience in a country or group of countries or analysis of general development experiences such as external finance, foreign trade and payments, development policy sets, or other experiences typical of developing countries.

40003 SENIOR HONORS RESEARCH PAPER. Prerequisites: ECON 30003 with recommendation of the Department. Each student will prepare a substantial paper under the direction of a faculty member.

40013 SENIOR SEMINAR IN ECONOMICS. Prerequisites: Senior standing and 21 semester hours in Economics, including successful completion of the Foundations requirements. Capstone seminar exploring selected issues in economic theory or policy.

40153 ECONOMICS OF FINANCIAL MARKETS. Prerequisites: ECON 10223 and 10233. Analysis of the structure and operations of financial markets and analysis of the role of money and capital markets in the economy.

40233 HISTORY OF ECONOMIC THOUGHT. Prerequisites: ECON 10223 and 10233. The study of economic ideas. May include the ideas of any major contributor from Adam Smith to contemporary economists.

40463 REGIONAL AND URBAN ECONOMICS. Prerequisites: ECON 10223 and 10233. An introduction to, and overview of, regional and urban economic theory. Examination of location factors and costs including transportation rate structures, migration, firm location, structure of regions and urban areas, and urban problems.

40970 EXPERIMENTAL COURSES. Prerequisites: Vary according to nature of material. For use when instructor has new material or new teaching strategies which are not appropriate to existing courses.

50113 INDUSTRIAL ORGANIZATION. Prerequisites: ECON 30223 or graduate standing in economics or business. Theoretical and empirical examination of the interrelationships between market structure, conduct and performance in the industrial sector of the economy.

50123 INTERNATIONAL TRADE AND PAYMENTS. Prerequisites: ECON 10223 and 10233 or graduate standing in business. Surveys of international trade relationships, balance of payments accounting, theories explaining the pattern of trade and its relationship to economic welfare, policies affecting the pattern of a country's trade with the rest of the world.

50133 INTERNATIONAL MONETARY ECONOMICS. Prerequisites: ECON 10223 and 10233 or graduate standing in business. Surveys of various theories of exchange rate determination, along with evaluation of fixed, flexible and mixed exchange rate regimes. In addition, long-term and short-term capital flows are described and explained.

50343 ECONOMETRICS. Prerequisites: ECON 10223 and 10233 and either MATH 10043 or DESC 20153, or graduate standing in business. Techniques of simple and multiple regression. Methods for correcting problems of autocorrelation, heteroskedasticity, and multicollinearity.

50353 MODELING AND SIMULATION. Prerequisites: DESC 20153 or Econometrics, computer experience or permission of instructor. An analysis of systems and modeling techniques. The application of such techniques to economic systems. The study of regional economic models and their use in public policy design.

50413 INDUSTRY STUDIES. Prerequisites: ECON 30223 or graduate standing in economics or business. Study of the market structure, conduct and performance of American industries using a case study approach.

50423 REGULATION OF ECONOMIC ACTIVITY. Prerequisite: ECON 30223 or graduate standing in business. Public policy relative to commercial and industrial enterprise. Federal agency regulation. Emphasis on industrial and market concentration, competition and monopoly, public utilities, consumer protection and environmental pollution and control policies.

50443 INTERNATIONAL ECONOMIC STUDIES. Prerequisites: At least nine (9) semester hours credit in economics or graduate standing in business. Detailed analysis of current problems in international economic relationships. The list of topics selected on the basis of their significance in policy design, policy analysis, or contemporary economic well-being.

50453 MACROECONOMIC STUDIES. Prerequisites: ECON 30233 or graduate standing in business. Analysis of current macroeconomic issues in theory and policy. Topics may include economic growth, fluctuations in business activity, investment behavior, consumption functions, macroeconomic planning, and the policy formulation process.

50463 REGIONAL ECONOMIC DEVELOPMENT. Prerequisites: ECON 30223 or graduate standing in business. Theoretical and empirical examination of regional economic development. Topics may include regional economic resources, development potential, factors affecting industrial location, planning and organization of industrial development, spatial aspects of poverty and urban problems, and methods of regional analysis.

50473 SEMINAR IN FINANCIAL ECONOMICS. Prerequisite: ECON 30423 or graduate standing in economics or business. Analysis of significant contributions to the literature on investment. Portfolio selection and management giving attention to fundamentalist technical and cyclical approaches.

50483 FINANCIAL HISTORY. Prerequisites: ECON 10223 and ECON 10233 or graduate standing in economics or business. Examines important topics in the development of American and Western European monetary and financial systems. Historical perspectives on innovation, stabilization, and regulation within the major themes of monetary regimes, banking systems, and capital markets.

50970 DIRECTED STUDIES IN ECONOMICS. Prerequisites: 12 hours in economics and senior or graduate standing. Supervised reading, research, and preparation of a substantial paper.