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
Requirements for a minor in Economics
Requirements for Economics Majors minoring in Finance or Accounting
Honors Program
Omicron Delta Epsilon
Minimum Grade Required
Course Scheduling
Courses of Instruction

(ECON)

Available as a major or a minor on the B.A. and B.S. degrees. Also available is a B.S. degree in International Economics. 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.

The Department of Economics is part of AddRan College of Humanities and Social Sciences and thus has a liberal arts focus. Our purpose is to foster an intellectual community, based on critical inquiry, that explores the human condition while enabling students to develop the capacity to ¿think like an economist,¿ thereby providing the skills necessary for meaningful work, citizenship, and leadership. Upon completion of their undergraduate degree programs, students majoring in Economics should be able to analyze human action and interaction in economic terms, formally model economic phenomena, and apply core economic concepts to novel situations.

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 INSC 20153.

Minor: A minor is required. Any minor approved by AddRan College is acceptable. In addition, subject to prior approval by the Chair of the Economics Department and the Associate Dean of Undergraduate Studies of the M.J. Neeley School of Business, Economics majors may minor in Finance or Accounting. See below for specific requirements.

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 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 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 or ECON 50343 Econometrics

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 INSC 20153. 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. In addition, subject to prior approval by the Chair of the Economics Department and the Associate Dean of Undergraduate Studies of the M.J. Neeley School of Business, Economics majors may minor in Finance or Accounting. See below for specific requirements.

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 or ECON 50343 Econometrics

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)
INSC 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. In addition, subject to prior approval by the Chair of the Economics Department and the Associate Dean of Undergraduate Studies of the M.J. Neeley School of Business, Economics majors may minor in Finance or Accounting. See below for specific requirements.

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.

Pass/No Credit Option

Students majoring in AddRan College may take up to 9 semester hours of courses on a P/NC basis. No courses applied to a Department's Major or Associated Requirements may be taken on the P/NC basis. Courses applied to the minor may be taken on the P/NC basis. Students minoring in Economics are subject to the pass/no credit policy of their major department.

Requirements for Economics Majors minoring in Finance or Accounting

For Finance:
12 hours of required courses
FINA 30153 Financial Management
FINA 30203 Money and Banking or ECON 40153 Economics of Financial Markets
FINA 30213 Investments I
ACCT 30153 Intermediate Financial Accounting I
6 semester hours of finance electives from the following:
FINA 40153 Advanced Financial Management
FINA 30233 Investments II
FINA 40183 Educational Investment Fund
FINA 40193 Educational Investment Fund
FINA 40613 Real Estate Finance and Investment Analysis
FINA 40623 International Finance

For Accounting:
ACCT 20153 Principles of Financial Accounting
ACCT 20163 Principles of Managerial Accounting
ACCT 30153 Intermediate Financial Accounting I
ACCT 30163 Cost Accounting
ACCT 30253 Intermediate Financial Accounting II
ACCT 30303 Introduction to Federal Taxation

Economics students minoring in Accounting or Finance must also pass the Neeley School computer tests prior to enrolling in 30000 and higher business courses. Students should contact the Neeley Student Resource Center for information about these tests. The Lower Division Sequence Requirements of the Neeley School must also be met. ECON 40153 may not be used to satisfy both the major and minor requirements.

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.

Minimum Grade Required

To graduate with a major in Economics or International Economics, students must earn a grade of "C" or better in all courses applied to the major, including Associated Requirements. In addition, a grade of "C" or better must be earned in any course serving as a prerequisite for a subsequent course in Economics.

Course Scheduling

Although taught regularly, not all required courses are scheduled every semester. It is the student's responsibility to complete the major requirements for graduation as early in their tenure as possible. Exceptions to the major requirements or to course prerequisites will not be made because of student failure to complete coursework in a timely fashion. In particular, since they serve as prerequisites to many advanced courses, the Foundations courses and Associated Requirements should be completed as early as possible in the student's academic career.

Courses of Instruction

ECON 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.

ECON 10233 Introductory Macroeconomics. Prerequisite: A 'C' or better in 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.

ECON 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.

ECON 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.

ECON 10433 Freshman Seminar in Economics. Topics may vary each time it is offered.

ECON 10533 Freshman Seminar in Economics. Topics may vary each time it is offered.

ECON 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.

ECON 30133 Labor Economics. Prerequisites: A 'C' or better in ECON 10223 and 10233. Economic analysis of labor market issues, including minimum wage legislation, compensating wage differentials, human capital investment, discrimination, and collective bargaining.

ECON 30143 Public Finance. Prerequisites: A 'C' or better in ECON 10223 and 10233. Theory of public choice; budgeting procedures; theory and methods of financing government expenditures; fiscal policy.

ECON 30213 Development Theory. Prerequisites: A 'C' or better in 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.

ECON 30223 Intermediate Microeconomics. Prerequisites: A 'C' or better in 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.

ECON 30233 Intermediate Macroeconomics. Prerequisites: A 'C' or better in ECON 10223 and 10233. Employment, monetary theory, aggregate demand and supply theory, economic performance and tools of measurement.

ECON 30313 Research Methods in Economics. Prerequisites: A 'C' or better in ECON 10223 and 10233, INSC 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.

ECON 30413 American Economic History. Prerequisites: A 'C' or better in ECON 10223 and 10233. Developments in agriculture, industry, commerce, transportation, labor, and finance in the United States.

ECON 30423 Introduction to Security Analysis. Prerequisite: A 'C' or better in 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.

ECON 30433 Development Studies. Prerequisites: A 'C' or better in 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.

ECON 40003 Senior Honors Research Paper. Prerequisites: A 'C' or better in ECON 30003 with recommendation of the Department. Each student will prepare a substantial paper under the direction of a faculty member.

ECON 40013 Senior Seminar in Economics. Prerequisites: Senior standing and 21 semester hours in Economics, including successful completion of the Foundations (ECON 10223, 10233, 30223, and 30233 with grades of 'C' or better) requirements. Capstone seminar exploring selected issues in economic theory or policy.

ECON 40153 Economics of Financial Markets. Prerequisites: A 'C' or better in 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.

ECON 40233 History of Economic Thought. Prerequisites: A 'C' or better in ECON 10223 and 10233. The study of economic ideas. May include the ideas of any major contributor from Adam Smith to contemporary economists.

ECON 40463 Regional and Urban Economics. Prerequisites: A 'C' or better in 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.

ECON 40970 Experimental Course. 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.

ECON 50113 Industrial Organization. Prerequisites: A 'C' or better in ECON 30223 or graduate standing in business. Theoretical and empirical examination of the interrelationships between market structure, conduct and performance in the industrial sector of the economy.

ECON 50123 International Trade and Payments. Prerequisites: A 'C' or better in 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.

ECON 50133 International Monetary Economics. Prerequisites: A 'C' or better in 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.

ECON 50343 Econometrics. Prerequisites: A 'C' or better in ECON 10223 and 10233 and either MATH 10043 or INSC 20153, or graduate standing in business. Techniques of simple and multiple regression. Methods for correcting problems of autocorrelation, heteroscedasticity, and multicollinearity.

ECON 50353 Modeling and Simulation. Prerequisites: A 'C' or better in INSC 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 of public policy design.

ECON 50413 Industry Studies. Prerequisites: A 'C' or better in ECON 30223 or graduate standing in business. Study of the market structure, conduct and performance of American industries using a case study approach.

ECON 50423 Regulation of Economic Activity. Prerequisite: A 'C' or better in 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.

ECON 50443 International Economic Studies. Prerequisites: At least nine 9 semester hours credit in economics with a grade of 'C' or better 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.

ECON 50453 Macroeconomic Studies. Prerequisites: A 'C' or better in 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.

ECON 50463 Regional Economic Development. Prerequisites: A 'C' or better in 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.

ECON 50473 Seminar in Financial Economics. Prerequisites: A 'C' or better in ECON 30423 or graduate standing in business. Analysis of significant contributions to the literature on investment. Portfolio selection and management giving attention to fundamentalist technical and cyclical approaches.

ECON 50483 Financial History. Prerequisites: A 'C' or better in ECON 10223 and ECON 10233 or graduate standing in 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.

ECON 50970 Directed Studies in Economics. Prerequisites: A 'C' or better in 12 hours in economics and senior or graduate standing. Supervised reading, research, and preparation of a substantial paper.

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