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Department of Accounting, Economics and Finance

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Economics (ECO) Course Descriptions

Undergraduate Courses

1300 Economic Analysis. A one-semester introduction to microeconomics and macroeconomic principles. The course may not be taken to satisfy economics course requirements for the Bachelor of Business Administration degree. 

2301/ECO 2301 Principles of Macroeconomics. Economic principles, aggregate income, output, and employment; money, fiscal and monetary policy.
*Prerequisite: Math 1302 or Math 1332 or Math 1324 or equivalent.

2302/ECO 2302 Principles of Microeconomics. Product pricing, resource allocation, factor pricing, income distribution, and economic growth; contemporary problems such as foreign trade and agriculture.
*Prerequisite: Math 1302 or Math 1332 or Math 1324 or equivalent.

3320 Economics for Managers.  The application of economic theory to the management of firms.  Includes topics of demand and consumer behavior, production and costs, theory of firms, and public policy towards business.  This course is specifically designed for business majors.
*Prerequisite:  ECO1300 or ECO 2301 or ECO 2302 or equivalent. 

3331 Comparative Economic Systems. This course is a study of various types of economic systems ranging from a free market economy to a centrally planned economy. This includes capitalism, socialism, communism, and modifications to these basic models.
*Prerequisite: ECO 1300 or ECO 2301 or ECO 2302 or equivalent.

3360 Money and Banking. The role of money, financial markets and institutions.  Monetary theory, central bank monetary policy and the international financial system.  (Credit may not be earned for this course and Finance 3360).
Prerequisite: ECO 2301.

4307 International Economics. A foundation course that covers international trade theories and policy.  The course highlights sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints, and export subsidies.  International agreements on regional trade liberalization (e.g., WTO) will also be discussed.  Topics on international finance include balance of payments and determination of foreign exchange rates.
*Prerequisite: ECO 2301 or ECO 2302 or equivalent.

Graduate Courses

5191 Independent Study in Economics (1-0). A specialized on-line course in Economics which is required for students who need additional background study in the area. Credit may not apply towards MBA degree requirements. Grading will be either pass or fail.  Prerequisite: Permission of the Instructor.

6300 Economic Theory and Policy (3-0). This course combines macroeconomics, including demand and supply, unemployment, inflation, gross domestic product, the U.S. banking system, and microeconomics, including consumer choice, rents, profits, the firm’s cost and output determination, competition, monopoly, and the labor market.

6311 Managerial Economics. A survey of microeconomic theories and analysis methods with applications in business problems for managerial decision making. Topics include demand analysis and estimation, cost, market structures and pricing.
Prerequisite: ECO 2302 and Management Science 6301.


Angelo State University 2014-15 Undergraduate and Graduate Catalog

* = Prerequisite change effective Spring 2015 semester.