Offered by Department of Economics
College of Business and Technology
ECON Courses
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- ECON 100GS - Contemporary Economic Issues - 3 hours
- Prereq: none
This course is designed to help the student acquire an understanding of the U.S. economic system
and its influence on current topics important to everyone. The objective of the course is to
provide students with a general understanding of economic principles and how they are applied to
issues facing the United States. (Not open to students who have previously completed
ECON 270GS, ECON 271GS, or equivalent.)
- ECON 270GS - Principles of Economics, Macroeconomics - 3 hours
- Prereq: none
A study of the economic system of the U.S. and the underlying principles of production,
labor relations, national income, prices, money and banking, and economic policy.
- ECON 271GS - Principles of Economics, Microeconomics - 3 hours
- Prereq: none
This course provides students an introduction to the economic principles and theories which have
been developed to explain how firms make decisions on production and input use, how consumers make
purchasing decisions, and how firms and consumers interact in the marketplace under differing market
conditions. The course prepares students for further study in the field of economics.
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- ECON 300 - Foundations of Research Methods in Economics and Business - 2 hours
- Prereq: ECON 270GS or ECON 271GS; BMGT 233* or STAT 241*
This course is designed to provide students with an introduction to the research process in
economics and business. Students will gain experience in research methodology by developing/selecting
a research topic/question, conducting a literature review, collecting data, selecting and using an
appropriate analytical technique, and constructing a persuasive argument supported by theory and
empirical evidence. F.
- ECON 314 - Public Finance - 3 hours
- Prereq: ECON 270GS, ECON 271GS
Provides a thorough treatment of major topics relating to government expenditures and tax
policies. This course will help students develop an understanding of the economic
principles that are most useful in examining the government's role in the economy,
particularly those principles economists have found helpful in a microeconomic analysis of
tax and expenditure policies.
- ECON 318 - History of Economic Thought - 3 hours
- Prereq: ECON 270GS
A survey of economic thought from Biblical times to Post-Keynesian philosophy. Particular
emphasis is placed on the Classical, Marginalist and Marxian schools of economic thought.
- ECON 320 - Economic Theory, Intermediate Microeconomics - 3 hours
- Prereq: ECON 271GS
Introduction to microeconomic theory regarding the determination of prices and values.
- ECON 321 - Economic Theory, Intermediate Macroeconomics - 3 hours
- Prereq: ECON 270GS
Introduction to macroeconomic theory with emphasis on the determinants of income,
employment and economic growth.
- ECON 322 - Money and Banking - 3 hours
- Prereq: ECON 270GS
A descriptive and analytical study of the basic principles of money, banking and finance
as they are related to business and public policy. A study of the creation of the nation's
money supply and of the importance of monetary policies upon the performance of the
economy.
- ECON 335 - Agricultural Marketing - 3 hours
- Prereq: ECON 271GS
An analytical and descriptive study of agricultural markets and marketing systems. This
course will provide the student with knowledge of agricultural price determination, the
use of futures and options for price discovery and risk management, and marketing
institutions in agriculture.
- ECON 350 - Economics of the Agricultural Sector - 3 hours
- Prereq: ECON 270GS, ECON 271GS
All agribusinesses are impacted by factors external to the firm, such as weather, agricultural
policy, macroeconomic events, economic policy, and changes in the legal environment. This course is
designed to show how the agricultural and non-agricultural sectors are integral parts of the economy
and to provide students with an understanding of the current economic environment, how this may
change in the future, and how these factors impact agricultural production and agribusinesses.
Course is required in the Agribusiness program but also serves as an elective for other business and
non-business degree programs. Sp.
- ECON 365 - Quantitative Methods - 3 hours
- Prereq: ECON 270GS or ECON 271GS
A course to prepare the student with basic mathematical methods in the field of economics.
- ECON 380 - Tourism Economics - 3 hours
- Prereq: ECON 271GS
This course features an application of economic theory to the human activities of
recreation and tourism. Microeconomics, macro-economics, and economic impact analysis will
be packaged so that students might synthesize then apply this information to marketing,
promotion, and economic development problems.
- ECON 385 - Environmental Economics - 3 hours
- Prereq: ECON 100GS or ECON 270GS or ECON 271GS
An economic analysis of the nature of pollution problems from cause to possible solutions.
Critically evaluates the role of a market economy in preserving environmental quality.
- ECON 395 - Labor Economics - 3 hours
- Prereq: ECON 271GS
This course examines the organization, functioning, and outcomes of labor markets; the
decisions of prospective and present labor market participants; and the public policies
relating to the employment of labor resources.
- ECON 398 - Farm and Ranch Management - 3 hours
- Prereq: ECON 271GS; BACC 250*;
passing score on Business Computer Proficiency Examination or completion of
BMIS 182GS
This course focuses on the problems faced by farm, ranch, and agribusiness managers, and the
decision-making process used in achieving the business's objective of increasing profit or some
other desired goal. Focusing on the application of economic principles to the decision making
process, this course provides students with experience in decisions of how much, what, and how to
produce; examination of how financial statements and budgeting techniques are used in decision
making; and the application of risk analysis and management of risk through investment planning and
analysis. F.
- ECON 410 - Health Care Economics - 3 hours
- Prereq: junior standing or above
An economic analysis of issues related to the provision of health care. Market issues, cost drivers, existing and proposed
health care policy approaches are covered.
- ECON 415 - Agricultural Price Analysis - 3 hours
- Prereq: ECON 335*; BMGT 233* or STAT 241*
This course focuses on the role of prices and pricing mechanisms in coordinating activities between the vertical levels of the
agricultural marketing system. Focusing on the application of economic principles in the price discovery process, this course is
designed to foster skill development in the basic quantitative methods used in market and price analysis and price forecasting
and for students to gain an understanding of the different factors that influence prices in the agricultural sector and the alternative
pricing arrangements that exist for agricultural commodities.
- ECON 430 - International Economics - 3 hours
- Prereq: ECON 100GS or ECON 270GS or ECON 271GS
Introduction to the international economy: the theory of international trade, the balance
of payments, economic growth and financial commercial policy.
- ECON 435 - Agricultural Finance - 3 hours
- Prereq: ECON 271GS, ECON 398*,
BACC 250*
Financial management in agriculture is concerned not only with the acquisition and use of financial
resources, but also the protection of equity capital from various sources of risk. This course
focuses on the financial requirements of farms, ranches, and agribusiness firms, and the
decision-making process used in evaluating the credit needs and repayment capacity from both the
manager's and lenders perspectives. Focusing on the application of economic principles in making
financial decisions, this course provides students with experience in evaluating risk by analyzing
financial statements, cash flow budgets, and capital budgets, an understanding of the sources of
agricultural credit, and acquaints the student with some of the special issues associated with
financial management in the agricultural environment. Sp.
- ECON 445 - Industrial Organization - 3 hours
- Prereq: ECON 271GS
This course is concerned with the behavior of firms and the resulting effects on market outcomes
and welfare. As such it analyzes firm behavior and market structure within a single industry and
discusses the challenges associated with regulation/deregulation of industries and the
implementation of antitrust policy.
- ECON 465 - Economics of Transportation - 3 hours
- Prereq: ECON 271GS
Nature, role and regulation of transportation, and current economic, legal and policy
problems in the field of transportation.
- ECON 475 - Internship - 1-15 hours
- Prereq: ECON 270GS or ECON 271GS
A work experience program planned for students preparing for employment in business and
industry. The learning situation is organized and supervised cooperatively by the
Economics Department and personnel of selected industries. Work experience includes an
acceptable type of wage earning employment in business, manufacturing or processing
industry approved by the coordinator.
- ECON 485 - Senior Seminar - 1 hour
- Prereq: ECON 300, senior standing
This capstone course is designed to allow students to
apply economic theory and appropriate methodology to a selected topic. Taught
in a seminar style, the course will allow students to demonstrate their
knowledge of economics, their ability to write effectively, and their ability
to communicate effectively by making a professional-level presentation using
best available technology.
- ECON 499 - Independent Study and Research in Economics - 1-6 hours
- Prereq: none
Individual research under the supervision of a faculty member of the department and
approved by the Department Chairman. Topics to be investigated may be tailored to fit the
needs of the student.
* This course is the immediate prerequisite. Other preparation is required prior to this immediate prerequisite.
