Houston Baptist University Catalog

Economics (ECON) Course Descriptions

ECON 2311 Microeconomics
Prerequisite(s): None
An introduction to microeconomic theory with emphasis on the determination of price and output in the competitive and noncompetitive market structures of American capitalism. Includes applications of price theory to a range of economic issues.

ECON 2312 Macroeconomics
Prerequisite(s): ECON 2311
An introduction to macroeconomic theory including supply and demand analysis, national income accounting, monetary theory and policy, modern employment theory, and applications of theory to policy.

ECON 3303 Macroeconomic Theory Intermediate
Prerequisite(s): ECON 2312
An intensive study of the assumptions and concepts wihch are basic to the theories of income determination and aggregate employment.

ECON 3304 Microeconomic Theory Intermediate
Prerequisite)s: ECON 2311 and (BUSA 2301 or MATH 1451 or a higher mathematics course)
An intensive examination of the assumptions and forces which underlie the price system.

ECON 3315 Security Markets and Financial Institutions
Prerequisite(s): FINA 3320
An introduction to the US financial system. Topics include interest rate theory, financial markets such as money markets and capital markets including stock and bond markets, and financial institutions such as banks and other depository institutions, finance companies, insurance companies, investment companies, pension funds, securities firms. (Offered also as FINA 3315.)

ECON 3330 International Finance
Prerequisite(s): FINA 3320 and ECON 2311
A study of the theories and practices of international trade and finance, direction and composition of world trade, institutions for facilitating trade, international payments, capital movement, exchange rates. (Offered also as FINA 3330.)

ECON 4312 Global Economy
Prerequisite(s): ECON 2311 and 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
Prerequisite(s): BUSA 2320 and ECON 2311
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
Prerequisite(s): ECON 2311 and ECON 2312
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 4381 Special Topics/Independent Study
Prerequisite(s): None
Topics are selected on basis of student need and academic qualifications of staff. If regular lectures are not given, a minimum of 30 hours of work for each hour credit must be included.

ECON 5260 Economic Principles
Prerequisite(s): None
A survey course of microeconomic theory combined with an introduction to key macroeconomic concepts. 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. Macroeconomic theory will include gross domestic product, employment, inflation, and business cycles. Graduate Business Programs only.

ECON 5361 Survey of Economics for HRM
Prerequisite(s): None
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 noncomopetitive 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 6330 Global Political Economy
Prerequisite(s): None
This course examines the interaction of politics and the economy at the global level. In particular, it evaluates how political and economic decisions of one country or groups of countries affect institutions and life circumstances in others and assesses the causes and consequences of globalization as rooted in political economy. Key topics include major conceptual frameworks for understanding the linkages between international politics and international economics, international monetary and financial relations, international trade, foreign investment and multinational enterprises, key international economic institutions such as the International Monetary Fund, World Trade Organization, and World Bank, the rise of the BRIC economics and the shift of global balance, and global economonic governance. Graduate Business programs only.

ECON 6353 Global Economy and Institutions
Prerequisite(s): None
This course provides an overview of global economies, institutions and how macroeconomic factors impact different economies. This will impact the way business leaders manage risks that globalization entails. The course goes beyond the theory and includes a discussion of current global economic events drawing on articles from current publications. Graduate Business programs only.