Note: This Catalog was published in July 2009 and supersedes the 2008-2009 Catalog.

Department of Economics

department web page: economics.uta.edu/
department contact: economics.uta.edu/contacts.shtml
graduate web page:
graduate contact:

Chair

Daniel Himarios
309-C Business
817.272.3061

College of Business Overview
Admissions Requirements | Degree Requirements | Courses: ECON

Areas of Study and Degrees

Economics
M.A.

Business Administration
M.B.A., Ph.D.
(See Program in Business Administration)

Master's Degree Plans

Thesis and Non-Thesis

Graduate Advisor

Roger Wehr
301 Business, 817.272.3287

Graduate Faculty

Professors

Amacher, Himarios, Meiners

Associate Professors

Crowder, Ward

Assistant Professors

LaFountain, Koc, Smallwood, Papanyan, Choi, Yasar, DeSimone

Visiting Assistant Professor

Wunder

Objective

The Master of Arts is an applied economics program. As a "terminal" degree program, it teaches marketable skills for employment in business or government. The program consists of a solid analytical core in economics and quantitative methods, supplemented with courses in special fields. Potential specialization areas currently emphasized are forecasting/quantitative techniques, international business economics and applied financial economics. The program is also recognized nationally for preparing students who want to pursue the Ph.D. degree in economics.

Admission Requirements

Admission to the M.A. program in economics is based upon the completion of the general admission requirements of the Graduate School. For admission to the M.A. program in economics, a score on either the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE) and record of one's academic undergraduate performance are required. Students for whom English is not their native language must achieve a TOEFL score of at least 550 (213 on computer-based test). International applicants who score below minimum acceptable levels on the verbal portion of entrance examinations may be admitted under the condition that they pass an English proficiency exam or complete UT Arlington's Graduate English Skills Program prior to beginning graduate coursework. Applicants are encouraged to submit with their application a resume that highlights professional and personal accomplishments, linguistic abilities, computer expertise and leadership experience. A standardized test score (GMAT or GRE) will not be used as the sole criterion for denying an applicant's admission to the M.A. program in economics.

Multiple criteria are used to make admission decisions. Unconditional acceptance is based on consideration of all the information listed below and the decision to deny admission is not based on any single criterion alone.

  1. A bachelor's degree from an accredited general or specific program.
  2. An acceptable undergraduate GPA as calculated by the Graduate School, generally greater than a 3.0 on a 4.0 scale.
  3. An acceptable score on the Graduate Record Examination or GMAT. Successful students generally have a minimum score of 600 on the Quantitative section and 450 on the Verbal section of the GRE or a minimum score of 480 on the GMAT.
  4. Favorable letters of recommendation from at least three individuals able to assess the applicant's potential success in graduate school.
  5. Grades in specified undergraduate business and non-business courses (e.g., math, accounting, economics, statistics).
  6. For applicants whose native language is not English, a minimum score of 550 on the Test of English as a Foreign Language (or an equivalent score on a computer-based test) or a score of 40 on the Test of Spoken English.

Probationary Admission

If an applicant does not meet items 1 through 6 for unconditional admission, they may be considered for probationary admission after careful examination of their application materials. Probationary admission requires that the applicant receive a B or better in the first 12 hours of graduate coursework at UT Arlington.

Deferred and Provisional Admission

A deferred application decision may be granted when a file is incomplete or when a denied decision is not appropriate. An applicant unable to supply all required documentation prior to the admission deadline but who otherwise appears to meet admission requirements may be granted provisional admission.

Denial of Admission

A candidate may be denied admission if he or she has less than satisfactory performance on a majority of the admission criteria.

Fellowships and Scholarships

Students admitted with no provisional conditions to satisfy are eligible for available scholarship and/or fellowship support. A limited number of merit-based scholarships and fellowships may be awarded to graduate students enrolled in a minimum of 6 hours of coursework in both long semesters.

Degree Requirements

Master's Degree with Thesis

A minimum of 30 semester hours of coursework and a minimum of 6 semester hours of thesis study are required. Students typically develop a thesis topic in consultation with a faculty member and formally propose the topic to a thesis committee prior to enrolling in thesis hours. The core course requirements are ECON 5301 or equivalent, 5310, 5312, and 5336. Six hours of electives in economics must be chosen. The remaining six hours of electives may be a combination of courses in economics or in a minor field. A maximum of nine hours of advanced undergraduate courses may be taken for graduate credit, with the approval of the Graduate Advisor. Not more than six hours of such courses may be in either the major or the minor field.

Master's Degree, Non-thesis

The non-thesis degree requires a minimum of 36 semester hours of coursework, including a core of ECON 5301 or equivalent, 5310, 5312, 5336 and 5329. The total may include up to 12 semester hours in supporting subjects with the approval of the Graduate Advisor. A maximum of nine semester hours of advanced undergraduate work may be taken for graduate credit, with the approval of the Graduate Advisor. Successful completion of ECON 5329 satisfies the Graduate School requirement of a final master's examination.


The grade of R (research in progress) is a permanent grade; completing course requirements in a later semester cannot change it. To receive credit for an R-graded course, the student must continue to enroll in the course until a passing grade is received.

An incomplete grade (the grade of I) cannot be given in a course that is graded R, nor can the grade of R be given in a course that is graded I. To receive credit for a course in which the student earned an I, the student must complete the course requirements. Enrolling again in the course in which an I was earned cannot change a grade of I. At the discretion of the instructor, a final grade can be assigned through a change of grade form.

Three-hour thesis courses and three- and six-hour dissertation courses are graded R/F/W only (except social work thesis courses). The grade of P (required for degree completion for students enrolled in thesis or dissertation programs) can be earned only in six- or nine-hour dissertation courses and nine-hour thesis courses. In the course listings below, R-graded courses are designated either "Graded P/F/R" or "Graded R." Occasionally, the valid grades for a course change. Students should consult the appropriate Graduate Advisor or instructor for valid grade information for particular courses. (See also the sections titled "R" Grade, Credit for Research, Internship, Thesis or Dissertation Courses and Incomplete Grade in this catalog.)

Courses in Economics (ECON)

ECON5199 - Graduate Economics Internship (1 - 0)
Practical training in economics. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester hours completed.

ECON5299 - GRADUATE ECONOMICS INTERNSHIP (2 - 0)
Practical training in economics. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester hours completed.

ECON5301 - MATHEMATICS FOR ECONOMISTS (3 - 0)
Designed to upgrade mathematical skills for graduate work in economics and business. Prerequisite: MATH 1302

ECON5306 - ENVIRONMENTAL ECONOMICS (3 - 0)
This course examines economic theory and practice as it applies to environmental regulation, policy, and management. Prerequisite: ECON 5311

ECON5310 - MICROECONOMIC THEORY (3 - 0)
Theories of consumer choice and of the firm; marginal productivity and functional distribution; general equilibrium of production, consumption, and exchange. Prerequisite: ECON 3310

ECON5311 - ECONOMIC ANALYSIS (3 - 0)
Provides an overview of microeconomic foundations of economic analysis with a focus on business applications. Topics include supply and demand, marginal analysis, pricing issues and theory of the firm. An overview of macroeconomics is also provided, covering monetary and fiscal policy, inflation, growth and international trade. Non-credit for MA in Economics.

ECON5312 - MACROECONOMIC THEORY (3 - 0)
Study of the aggregate approach to the economy and the tools of analysis used for the solving of national economic problems. Prerequisite: ECON 3312

ECON5313 - MANAGERIAL ECONOMICS (3 - 0)
Application of economic analysis in formulating business decisions, drawing upon the theoretical foundations of the concepts of demand, cost, production, profits, and competition, with special emphasis on case studies. Prerequisite: ECON 5311

ECON5314 - ECONOMICS OF ORGANIZATION AND BUSINESS STRATEGY (3 - 0)
Economic theories of firm and industry behavior include the organization of the firm, oligopoly behavior, strategic behavior, mergers and acquisitions, and technological competition. Prerequisite: ECON 5311

ECON5315 - ECONOMICS OF TECHNOLOGY AND INNOVATION (3 - 0)
Examines technology and innovation using the tools of microeconomics. Analyzes the effects of technology on industrial market structure, firms' strategies and public policy. Topics include determinants of innovation, industry evolution, managing firm boundaries, intellectual property, and managing technological processes. A substantial amount of time will focus on modern industries including telecommunications, e-commerce, software, entertainment, pharmaceuticals, and biotechnology. Prerequisites: ECON 5310 or ECON 5311 or ECON 5313.

ECON5318 - ECONOMICS OF SPORTS (3 - 0)
Applies basic economic principles to the analysis of professional and amateur sports. Topics covered include fan demand, advertising, team output decisions, league/conference organization, and government and sports. The course is designed to cater to both general business and economics majors. Prerequisite: ECON 5311

ECON5319 - THE GLOBAL ECONOMY (3 - 0)
Study of growing global economic integration. Tools are developed to undertake a critical examination of integration from both the international trade and international finance sides. Topics include the movement towards increasing free trade and free trade areas, trade and government policy harmonization, exchange rate policy, single currency areas, and positive and negative spillover effects of short- and long-run economic changes. Special attention will be paid to free trade areas such as NAFTA, economic unions such as the European economic area, and the costs inherent in increased economic integration, e.g., the Southeast Asian Crisis. Prerequisite: ECON 5311

ECON5321 - INTERNATIONAL TRADE AND THE GLOBAL MARKETPLACE (3 - 0)
Examines the theory and policy of international trade and public policy. The theory portion explains the causal factors that determine the size, composition, and direction of international economic transactions. Special attention is paid to the theory of economic integration and its direct application to the EU, NAFTA, and other economic blocs. The policy portion studies the role of governments in their efforts to regulate, restrict, promote, or influence the conduct of international trade and investment. Prerequisite: ECON 5311

ECON5327 - INTERNATIONAL FINANCE AND OPEN ECONOMY MACROECONOMICS (3 - 0)
Study of international money and capital markets. Determination of output, balance-of-payments and exchange rates under different monetary and exchange rate regimes. Exchange rate intervention by central banks and exchange rate systems in developing countries are also discussed. Prerequisite: ECON 5311

ECON5329 - RESEARCH METHODS IN APPLIED ECONOMICS (3 - 0)
Research problems and methods most commonly encountered by economists in industry and government; specific research projects required in applied areas such as corporate planning, utility rate analysis, manpower planning, micro- and macro-forecasting, etc.; emphasis on practical research methods and on the presentation of results in coherent written reports. Prerequisites: ECON 5310 and ECON 5312 and ECON 5336

ECON5330 - HUMAN RESOURCE ECONOMICS (3 - 0)
Economic analysis of the supply of labor, the allocation of labor among alternative uses, investment in human capital, the extent and incidence of unemployment, and the determination of wages. Prerequisites: ECON 5311

ECON5331 - URBAN ECONOMICS (3 - 0)
Develops the modern analysis of urban problems and goals with special attention given to those factors that influence the economic development of urban communities and the quality of urban life. Attention is also given to policy formulation as a means for urban problem solving. Prerequisites: ECON 5311

ECON5332 - GOVERNMENT, TAXES AND BUSINESS STRATEGY (3 - 0)
The interaction between government and business is broad. Effective business leadership requires the ability to analyze and respond to public policy. Economics provides a framework for understanding the incentives of consumers, businesses, bureaucrats and civil servants in different policy environments and predicting their behavior in response to policy changes. This course focuses primarily on tax policy at the federal, state and local levels, including issues in corporate taxation, personal income tax, treatment of capital gains and loses, tax incidence, work-leisure choices, fiscal competition among state and local governments, capital flight and fiscal federalism. Prerequisite: ECON 5311

ECON5333 - ECONOMICS OF HEALTH (3 - 0)
Employment of economic theory to analyze the health sector and consider problems such as rising prices and maldistribution of resources. Topics include methods of policy evaluation, impact of prospective payment and managed care, productivity, determinants of health. Prerequisite: ECON 5311

ECON5336 - ECONOMETRICS (3 - 0)
Statistical methods applied to business and economic problems; topics include simple regression, multiple regression, heteroskedasticity, autocorrelation, data measurement, functional forms, generalized linear regression, seemingly unrelated regressions and systems estimation. Prerequisites: ECON 5301 and STAT 5301.

ECON5337 - BUSINESS & ECONOMIC FORECASTING (3 - 0)
Econometric model-building and forecasting with applications to business and economics. Single equation models, multiple equation models, and time-series models are covered with emphasis on practical problems in analysis and forecasting. Prerequisite: STAT 5301.

ECON5338 - MODERN APPLIED TIME SERIES (3 - 0)
Univariate and multivariate time series, analysis of economic and financial data, out-of-sample forecasting using computer software. Autoregressive-moving average models, vector autoregression, unit roots, co-integration, ARCH and GARCH. Prerequisite: ECON 5336.

ECON5382 - INDEPENDENT STUDIES IN ECONOMICS (3 - 0)
Extensive analysis of an economic topic. Prerequisite: Departmental Permission Required.

ECON5391 - SPECIAL TOPICS IN ECONOMICS (3 - 0)
In-depth study of selected topics in economics. May be repeated when topics vary. Prerequisite: Departmental Permission Required.

ECON5398 - THESIS (3 - 0)
Graded R/F only. Prerequisite: Permission of Graduate Advisor in Economics.

ECON5399 - GRADUATE ECONOMICS INTERNSHIP (3 - 0)
Practical training in economics. Analysis of theory applied to real life situations. Course counts as an elective and has a pass/fail grade. No credit will be given for previous experience or activities. Prerequisite: Minimum nine graduate semester hours completed.

ECON5698 - THESIS (6 - 0)
Graded P/F/R. Prerequisite: Permission of Graduate Advisor in Economics.

ECON5998 - THESIS (9 - 0)
Graded P/F/R. Prerequisite: Permission of Graduate Advisor in Economics.

ECON6310 - ADVANCED MICROECONOMIC THEORY (3 - 0)
Investigates the advanced neoclassical theory of microeconomics. The course develops formal models of consumer behavior, market structure, general equilibrium and welfare. The objective of the course is to acquaint students with the analytical tools necessary to evaluate the formal literature in economics and to conduct scientific, hypothesis- driven statistical studies. Prerequisites: ECON 5301 and ECON 5310.

ECON6312 - ADVANCED MACROECONOMIC THEORY (3 - 0)
Topics include dynamic general equilibrium analysis of model economies, monetary theory in overlapping generations models, advanced growth theory and new open-economy macroeconomics. Prerequisites: ECON 5301 and ECON 5312.

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