UT Tyler Division of Economics

Economics Courses

ECON 1301: Introduction to Economics [TCCN: ECON 1301]

A non-technical introduction to the economic way of thinking. Economic concepts are developed and applied to decisions faced by consumers, workers, firms, and government. Will not satisfy economics requirements for a major in the School of Business Administration. May not be taken for credit by economics majors or minors.

ECON 2301: Principles of Economics I [TCCN: ECON 2301]

Scope and methodology of macroeconomics. Structure and functioning of the American economy. Develops principles useful in understanding the origin and nature of recession and inflation. Reviews monetary and fiscal policy tools for economic stabilization.

ECON 2302: Principles of Economics II [TCCN: ECON 2302]

Scope and methodology of microeconomics. Economic principles to describe consumer and business behavior and the processes of price determination and resource allocation. Application of economic tools to select problems in competition, international trade and taxation.

ECON 3302: Economic and Financial Literacy

Economic and Financial Literacy is a course for students of all majors who want to deepen their understanding of the economic way of thinking and personal finance as it affects the individual and family, firms and industries and societies around the globe. The course is divided into four parts: foundational economics, foundational personal finance, capital markets and international implications. Taught in an online format designed for working students, the course makes extensive use of online simulations, gamification and interactive faculty/student and student/student virtual asynchronous communication.

ECON 3305: Comparative Economic Systems

A survey of historical and contemporary methods of organizing a society's economic activity. The basic nature and ideology of capitalism and socialism are examined through case studies. Special attention is given to the current U.S., Russian, Chinese, and Japanese economies. Also recommended for majors in political science, sociology, history and other non-business fields. Students may not receive credit for both ECON 2305 and 3305.

ECON 3310: Economic Issues In Public Policy

The economic aspects of policy issues involving immigration, energy, budget deficits, free trade and defense are examined. The economic aspects of each are identified and policy options are evaluated.

ECON 3311: Money, Banking and the Federal Reserve System

Introduction to the role of money in a market economy with special attention given to the commercial banking system and its relation to the Federal Reserve System. Prerequisites: ECON 2301 and ECON 2302.

ECON 3314: Intermediate Microeconomic Analysis

Examines the mechanics of price determination in different competitive environments as well as the impact of government policies involving subsidies, quotas, price ceilings and taxation. The implications of economic concentration and the application of anti-trust laws to preserve competition are also reviewed. Prerequisites: ECON 2301 and ECON 2302

ECON 3317: Intermediate Macroeconomic Analysis

A study of the basic elements of Keynesian economics and its implications for understanding and directing the national economy. Economic policy debates over the nature of inflation, growth, unemployment and international trade are explored with special attention being given to monetarism supply-side and rational expectations ideas. Prerequisites: ECON 2301 and ECON 2302.

ECON 3325: Game Theory

An introduction to game theory and its applications. The course will cover the basic analysis of simultaneous and sequential move games with perfect and imperfect information. In addition, the material includes a number of applications which illustrate how the use of game theory can help us to improve our understanding of many strategic situations frequently observed in economic, political, and social situations. Prerequisite: ECON 2302 or instructor permission.

ECON 4310: Central Banking and Monetary Policy

Study of the Federal Reserve System from its inception to present. Topics include Federal Reserve history, organization and operation, monetary theory and policy, and the relationship between money and economic activity. Prerequisites: ECON 2301 and ECON 2302.

ECON 4320: Managerial Economics

Analytical approach to business decision-making. Primary attention is given to economic decision models and their application to business problems. Prerequisites: ECON 2301 and ECON 2302. Recommended: six hours of math and three hours of statistics.

ECON 4330: International Trade

A review of the rationale for trade between nations, the nature of trade balances, barriers, methods for resolving trade deficits, foreign exchange markets and international debt. Prerequisites: ECON 2301 and ECON 2302.

ECON 4340: Economics of Growth and Development

Strategies and policies for encouraging economic growth and development with special emphasis on the role of indigenous institutions. The status of less developed nations and the nature of the development process are reviewed.

ECON 4345: Health Economics

An introduction to health economics, which uses economic analysis to study the structure and performance of the healthcare industry. The topics covered include individual behavior and the demand for healthcare, the production and costs of healthcare, information and health insurance markets, and the basic institutional features of the healthcare system in the United States. Finally, the economic analysis and institutional knowledge of the healthcare system are used to evaluate the performance of the healthcare system and analyze healthcare policy reforms. Prerequisite: ECON 2302

ECON 4350: Topics in Economics

The study of a current national or international economic issue. May be repeated for credit when topic changes. Prerequisite: six hours of principles of economics.

ECON 4355: Econometrics

This course provides an introduction to econometric methods, including basic tools of regression analysis and hypothesis testing in economics. Students learn computer software for regression analysis and use it to conduct their own empirical research. Prerequisite: Scope and methodology of microeconomics. Economic principles to describe consumer and business behavior and the processes of price determination and resource allocation. Application of economic tools to select problems in competition, international trade and taxation.

ECON 4360: Environmental Economics

Concepts, tools of analysis, criteria and policy formulation related to areas of resource conservation and pollution abatement. Prerequisites: ECON 2301 and ECON 2302.

ECON 4199-4699: Independent Study

Independent study in specific areas of economics not covered by organized undergraduate courses. A maximum of six credit hours for independent study may be applied toward an undergraduate degree. Prerequisite: Consent of department chair.