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ECON 2301: Principles of Macroeconomics
3.00 Credits
The University of Texas of the Permian Basin
A description of major economic problems facing modern societies is presented together with how the capitalistic market system addresses these issues. The emphasis is on macroeconomics theory and practice.
Prerequisite:
(Sophomore standing.)
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ECON 2302: Principles of Microeconomics
3.00 Credits
The University of Texas of the Permian Basin
Individual consumer and producer choices are analyzed. Emphasis is placed on supply and demand relationships, utility concepts, and cost and revenue curves as they relate to price theory and various forms of competition. Completion of ECON 2301 is recommended, but not required.
Prerequisite:
(Sophomore standing.)
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ECON 3303: Intermediate Microeconomics
3.00 Credits
The University of Texas of the Permian Basin
A detailed study of the underlying assumptions of rational consumer behavior is studied. This is combined with the expected actions of profit-motivated firms under perfect and imperfect competitive conditions to analyze economic efficiency of different market structures.
Prerequisite:
ECON 2302
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ECON 3303 - Intermediate Microeconomics
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ECON 3322: Money and Banking
3.00 Credits
The University of Texas of the Permian Basin
The course describes how banks, the Federal Reserve and U.S. Treasury interact to determine money supplies. Recent and current attempts to control inflation and unemployment are highlighted.
Prerequisite:
ECON 2301 and ECON 2302
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ECON 4307: Econometrics
3.00 Credits
The University of Texas of the Permian Basin
The course focuses on applied econometrics including estimating and testing simple, multiple, and simultaneous equation models. It further covers problems in multicolinearity, autocorrelation and generalized least squares.
Prerequisite:
MNGT 2342
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ECON 4320: International Trade
3.00 Credits
The University of Texas of the Permian Basin
An examination of the monetary and real aspects of trade, including foreign exchange rates, balance of payments problems, and the theories concerning the reasons for trade.
Prerequisite:
ECON 2301 and ECON 2302
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ECON 4323: Intermediate Macroeconomics
3.00 Credits
The University of Texas of the Permian Basin
Theories of output, employment, price level and growth rate are developed. Relationships between accepted theories and actual data in recent years are analyzed.
Prerequisite:
ECON 2301
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ECON 4323 - Intermediate Macroeconomics
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ECON 4325: Managerial Economics
3.00 Credits
The University of Texas of the Permian Basin
Uses economic analytical tools including demand forecasting, resource allocation, and cost profitability for managerial decision making are presented.
Prerequisite:
MNGT 2342 AND ECON 2301 and ECON 2302
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ECON 4330: Economics of Industry
3.00 Credits
The University of Texas of the Permian Basin
A study is made of the market processes which direct industry to satisfy societal demands, how these processes may fail, and possible remedies.
Prerequisite:
ECON 2301 AND ECON 2302 and ECON 3303
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ECON 4331: Law and Economics
3.00 Credits
The University of Texas of the Permian Basin
The course covers common law allocative mechanisms of contract, tort, and property law as alternatives to collective intervention when markets fail. It also includes consideration of the economic logic of law.
Prerequisite:
ECON 2301 and ECON 2302
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