2010-2011 HBU Catalog - Houston Baptist University

ECON 3303 Macroeconomic Theory Intermediate
Prerequisite: ECON 2312 or ECON 2301
An intensive study of the assumptions and concepts which are basic to the theories of income determination and
aggregate employment.
ECON 3304 Microeconomic Theory Intermediate
Prerequisite: ECON 2311 or ECON 2302, and BUSA 2311
An intensive examination of the assumptions and forces which underlie the price system.
ECON 3315 Security Markets and Financial Intuitions
(See FINA 3315.)
ECON 4181, 4281, 4381 Special Topics
Prerequisite: Approval of the Dean of the School of Business
Directed study of a minimum of thirty clock hours for each hour of credit. Provides an opportunity for economics
majors to conduct detailed investigations of selected economic problems.
ECON 4312 Global Economy
Prerequisites: MGMT 3302; ECON 2311; ECON 2312
This course examines international trade beginning with an evaluation of the gains of trade, types of restrictions on free
trade and their impacts, and policies regarding trade. The effects of the movement of resources across national
boundaries are also examined. The discussion of international monetary theory includes balance of payments and the
functions and impacts of the foreign-exchange markets. The course is structured around case studies that require the
student to analyze and apply knowledge gained from the course.
ECON 4330 Seminar on Law and Economics
Prerequisites: BUSA 2320; ECON 2311; BUSA 2323
This course will provide an analytical framework for studying the relationship between the environment and economic
and political systems. Students will cover cost/benefit analysis and economic issues concerning valuation, and then
apply the theory to current legislation, case law, and state and federal statutes dealing with air and pollution, waste
management, wildlife management, and resource management.
ECON 4335 History of Economic Thought
Prerequisites: ECON 2311, 2312; BUSA 2323
A survey of major contributors to economic thought from Adam Smith to Milton Friedman in modern times with
emphasis on their impact on contemporary economic thought and analysis. Research papers will be required on
selected topics in economic history.
ECON 5360 Survey of Economics
A survey course of microeconomic and macroeconomic theory. Microeconomic theory will include supply and demand
analysis, with emphasis on the determination of price and output in the competitive and noncompetitive market
structures of American capitalism. A study of the macroeconomic theory will include application of economic
principles relating to the behavior of aggregate economic activity and the price level. The course examines the
implications of global markets, including the increasingly stiff competition of foreign products, impact of foreign
currency and exchange rates, the rate of the International Monetary Fund (IMF) and the international economic system.
Topics include aggregate economic variables and their measurement, economic growth, economic fluctuations,
inflation, unemployment, government deficits, monetary policy, and fiscal policy. This course must be taken within the
first 18 semester hours in the program. Graduate Business Programs only.
ECON 5361 Survey of Economics for HRM
This course will provide an overview of basic microeconomic and macroeconomic theory. Microeconomic theory will
include how markets function using supply and demand analysis and competitive and noncompetitive market structures
of American capitalism. A study of the macroeconomic theory will examine the implications of global markets,
economic growth, inflation, unemployment, interest rates, monetary policy, and fiscal policy. MS-HRM program only.
ECON 5362 Foundations of Economics
A survey course of both microeconomic and macroeconomic theory. Microeconomic theory will include supply and
demand analysis, with emphasis on the determination of price and output in the competitive and noncompetitive market
structures of U.S. capitalism. A study of the macroeconomic theory will include applications of economic principles
relating to the behavior of aggregate economic activity and price levels. The course examines the implications of
global markets, including the competition of foreign products, foreign currency and exchange rates, the influence of the
International Monetary Fund (IMF) and the international economic system. Topics include aggregate economic
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