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Angelo State University
Department of Accounting, Economics and Finance

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Economics (ECON) Course Descriptions

  • Undergraduate Courses

    1300 Economic Issues (3-0).  A one-semester introduction to microeconomic and macroeconomic principles, focusing on contemporary social and economic issues including economic growth and development, poverty and welfare programs, international trade, and government spending and taxation. This course may not be taken to satisfy economics course requirements for the Bachelor of Business Administration degree.

    2301/ECON 2301 Principles of Macroeconomics (3-0). Economic principles, aggregate income, output, and employment; money, fiscal, and monetary policy.
    Prerequisite: Mathematics 1302 or 1332 or 1324 or equivalent.

    2302/ECON 2302 Principles of Microeconomics (3-0). Product pricing, resource allocation, factor pricing, income distribution, and economic growth; contemporary problems such as foreign trade and agriculture.
    Prerequisite: Mathematics 1302 or 1332 or 1324 or equivalent.

    3320 Economics for Managers (3-0). 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: Economics 1300 or 2301 or 2302 or equivalent.

    3331 Comparative Economic Systems (3-0). 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.
    Prerequisites: Economics 1300 or 2301 or 2302 or equivalent.

    3360 Money and Banking (3-0). 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: Economics 2301.

    4307 International Economics (3-0). This is 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 (such as EU and NAFTA) and on multilateral trade liberalization (e.g., WTO) will also be discussed. Topics on international finance include balance of payments and determination of foreign exchange rates.
    Prerequisites: Economics 2301 or 2302 or equivalent.

    Graduate Courses

    6311 Managerial Economics (3-0). A survey of microeconomic theories and analysis methods with applications in business problems for managerial decision making. Topics include demand analysis and estimation, costs, market structures and pricing
    Prerequisite:  Economics 2302.