University of Texas at El Paso
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Economics and Finance

236 Business Administration
(915) 747-5245

CHAIRPERSON: Timothy P. Roth
PROFESSORS: Fullerton, Roth, Sprinkle, Varela
PROFESSORS: Elliott, Holcomb, Johnson, Schauer, Smith
LECTURERS: Gamez, Hammett, Voy



BA Degree

Specific requirements for the economics major are ECON 2303, 2304, 3302, 3303, 3320, and twelve additional hours of economics; MATH 2301; and a statistics course offered by either the College of Business Administration or the Department of Mathematical Sciences. Students majoring in Economics and minoring in Business may not take free electives in the College of Business Administration.


General Prerequisite: A 2.0 cumulative GPA and Junior standing for all 3300 or 4300-level courses.


Economics (ECON)


1301   Basic Issues in Economics (3-0)

(ECON 1301)

The course is designed to expose non-business majors to a broad range of economic issues and policies. The course will emphasize current trends in economic thought and selected topics of current interest. May not be taken for credit toward any degree plan in the College of Business Administration.


2303   Principles of Economics (3-0)

(ECON 2301)

A survey of the basic principles of economics designed to give a broad understanding of the economy; primary attention is given to aggregate problems and issues considered of particular importance to the nation. Prerequisite: MATH 1320, MATH 1409, or MATH 1508 with a grade of "C" or better.


2304   Principles of Economics (3-0)

(  ECON 2302)

A survey of basic principles of economics designed to provide an analytical understanding of markets, prices, and production. Prerequisite: MATH 1320, MATH 1409, or MATH 1508 with a grade of "C" or better.


Indicates Texas Common Course Number (TCCN)

3302   Intermediate Macroeconomic Theory (3-0)

A study of national income accounting and theory; emphasis is placed on the classification and analysis of conventional spending sectors and their effect on income and employment; a critical survey of policy applications that affect the level of income and employment. Prerequisites: ECON 2303 and (1) MATH 1320, (2) MATH 1409, (3) MATH 1410, or (4) MATH 1508.


3303   Intermediate Microeconomic Theory (3-0)

A study of cost, demand, and price theory; the concepts, assumptions, and policy implications of aspects of particular equilibrium and general equilibrium theory; a critical survey of various concepts of the scope, methods, and approaches to economics. Prerequisite: ECON 2304.


3320   Money and Banking (3-0)

A description of the history and present characteristics of the money and banking structure of the United States. Special emphasis is placed on monetary policy as it affects the level of economic activity. Prerequisite: ECON 2303.


3334   Regional Economics (3-0)

Location theory, factors influencing regional growth and techniques of analysis. Description of economic regions and analysis of interaction among economic regions. Prerequisites: ECON 2303 and ECON 2304.


3335   Urban Economics (3-0)

Investigation of economic forces in metropolitan areas. Topics covered include urban growth patterns, metropolitan economic performance, real estate markets, local public finance, and location theory.


3351   Industrial Organization and Government Policy (3-0)

A study of the impact of government policy on the economy, emphasizing effects of governmental regulation on manufacturing and service industries, public utilities, and other segments of the economy. Prerequisite: ECON 2304.


3366   Economics of Latin America (3-0)

Considers economic theory and current problems of monetary and fiscal policy, regional economic integration, land reform, export patterns, and industrialization. The emphasis is institutional rather than analytical.


3367   Economic Development (3-0)

A course concerned with problems of economic growth in the less developed countries. Consideration is given to patterns and problems of human and material resource utilization, capital formation, investment criteria, inflation and the development of innovative techniques. Emphasis is placed on the application of analytical concepts to the problems of economic development.


3372   Mathematical Economics (3-0)

Basic concepts and operations of mathematical logic and their application to economic analysis. Prerequisites: ECON 2303 and ECON 2304.


3373   Introduction to Econometrics (3-0)

An introductory course designed to acquaint the student with the basic concepts employed in model building, different types of economic models, problems and techniques of quantifying models, and the use of such models for public and business policy. Prerequisites: ECON 2303 and ECON 2304.


3380      History of Economic Thought (3-0)

A study of the development of principal economic doctrines and schools of economic thought. Prerequisites: ECON 2303 and ECON 2304.


4325   International Economics (3-0)

Principal theories of international trade: foreign exchange markets, international capital flows, barriers to trade, international economic institutions, and the economics of regional trade integration. Prerequisites: ECON 2303 and ECON 2304.


4330   Public Sector Economics (3-0)

Financial administration by agencies of local, state, and federal government; principles of taxation; sales, property, income, and inheritance taxes; analysis of government expenditures and the public credit. Prerequisites: ECON 2303 and ECON 2304.


4340   Economics of Labor (3-0)

A study of the basic principles, historical background, and characteristics of labor markets; theories of wages, wage structures, collective bargaining, and the role of government in labor problems. Prerequisite: ECON 2304.


4368   Economy of Mexico (3-0)

A survey of the growth and change of the Mexican economy. Emphasis is placed on the description and analysis of recent and current economic policy.


4398   Independent Study in Economics (0-0-3)

Prerequisite: Department approval.


See the Graduate Catalog for graduate programs and courses.


Finance (FIN)

2350   Managing Entrepreneurial Finance (3-0)

This course develops basic financial management concepts and applies them to the start-up, operation, expansion, and sale of small business firms. The principles of accounting, economics, finance, and management will be combined to provide the student with the essentials for obtaining and managing the finances of a small business. Completion of this course will prepare future entrepreneurs with the skills required to successfully manage the financial challenges of a small company. The teaching approach will combine lectures, case studies, presentations by regional practitioners, and classroom discussion. This course is a core course in the Entrepreneurship Certification Program.


3310   Business Finance (3-0)

An introduction to the concepts of finance as applied in a business environment. Topics typically covered include financial environment, time value of money, valuation, capital budgeting, capital structure, and working capital management. Prerequisites: ACCT 2301 and MATH 1320 or MATH 1409 or MATH 1410 or MATH 1508, each with a grade of ā€œCā€ or better.


3315   Investments (3-0)

Introduction to the analysis of investment media, means of purchasing and selling securities, and personal investment decision-making. Emphasis is given to determinants of growth, safety, and income and to problems involved in achieving objectives. Prerequisite: FIN 3310.


3325   Money and Capital Markets (3-0)

Analysis of the instruments and institutions of the money and capital markets and emphasis on the roles of these markets in the economy. Prerequisite: ECON 3320.


3350   Personal Financial Planning (3-0)

A study of modern financial management from the personal point of view. Budgeting, uses of savings, consumer credit, forms of insurance, and estate planning are among the topics discussed.


4310   Managerial Finance (3-0)

The development and utilization of financial plans, policies, and practices in business enterprises. Particular emphasis is given to illustrative problems and cases. Prerequisite: FIN 3310.


4311   Commercial Bank Management (3-0)

The theory and practice of bank asset and liability management in the context of a liquidity-profitability conflict. Prerequisites: ECON 3320 and FIN 3310.



4312   Current Issues in Banking (3-0)

An analysis of current problems in commercial banking from the points of view of the banks, their regulators, and the public. Prerequisite: FIN 4311 or department approval.


4315   Investment Management and Security Markets (3-0)

A study of investment management policies for individuals and institutions and the operation of organized security exchanges and the over-the-counter market. Prerequisite: FIN 3315.


4316   Speculative Markets (3-0)

A study of the nature, functions, and applications of the various futures and options markets and contracts. Basis, long and short term hedging, spreading, and normal and inverted markets are examined, along with theoretical considerations. Prerequisite: FIN 3310.


4318   Financial Statement Analysis (3-0)

An inquiry into the techniques of analysis of financial statements as an aid to extraction and evaluation of information for interpretation and decision-making by lenders, investors, and others. Prerequisite: FIN 3310.


4324   Finance for Hospitality/Tourism (3-0)

Financial management and revenue maximization in the international hospitality/tourism industry are covered. Topics include interpretation and analysis of financial statements, forecasting, budget preparation and application of Cost-Volume-Profit and Yield Management models. Prerequisite: FIN 3310 with a grade of ā€œCā€ or better.


4325   International Finance (3-0)

A study of international monetary problems, financing of the flow of goods and services among nations, and balance of payments considerations. Prerequisite: ECON 3320.


4328   Central Banking (3-0)

A study of the history, economic functions, operating techniques, and policies of central banks. Emphasis is given to concurrent problems of monetary policy and control. Prerequisite: ECON 3320.


4396   Internship in Finance (0-0-3)

Exposure to the application of financial management and/or investment topics in a business environment. Prerequisites: FIN 3310, three additional hours of Finance, department approval, and a 3.0 cumulative GPA.


4398   Independent Study in Finance (0-0-3)

Prerequisite: Department approval.


See the Graduate Catalog for graduate programs and courses.