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The University of Texas at Arlington
Graduate Catalog 2002-2004

College of Business Administration
Department of Economics
Admissions Requirements | Degree Requirements | Courses

Areas of Study and Degrees


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

Master's Degree Plans

Thesis and Non-Thesis


Daniel Himarios
309-C Business, 817-272-3061

Graduate Advisor

P.M. Hayashi
319 Business, 817-272-3257

Graduate Faculty


Amacher, Hayashi, Himarios,
Meiners, Mullendore

Associate Professor


Assistant Professors

Depken, Sonora


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.

Economics is one of the areas a student may choose to study in the Doctor of Philosophy in Business Administration program. Additional information concerning the doctoral program is presented in the catalog under the heading Business Administration.

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. 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 U.T. 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.

Specifically, multiple criteria are used to make admission decisions. Quantitative measures include an applicant's GMAT score or GRE score and grade point average as calculated by the Graduate School. These measures are integrated into a formula or index. For the case of GMAT (GMAT index), the GPA computed by the Graduate School is multiplied by 200 plus the total GMAT score. For the case of GRE (GRE index), the GPA computed by the Graduate School is multiplied by 400 plus the total GRE score. Index factors are weighed equally at the outset of applicant evaluation. A graduate grade point average is used in the index when it is 3.0 or above and is based on at least 24 semester hours.

Along with grade point average and GMAT total score, admission criteria include the following:

1. GMAT or GRE sub scores (verbal and quantitative)

2. GMAT or GRE writing sample

3. Grades in specified undergraduate business and non-business courses (math, accounting, economics, statistics, for example)

4. Educational objectives and quality of written expression of the application essay

5. Letters of recommendation from three persons familiar with the applicant's academic background and/or work experience

6. Undergraduate major

7. General and specific program Accreditation status of degree granting institution

8. Professional work experience

9. Professional certification or licensure

Unconditional Admission

For unconditional admission, the applicant's composite total from the GMAT index must be 1080 or higher and items 1 through 5 above should strongly indicate potential for successful academic performance as a graduate economics student. The corresponding GRE index total is 2200.

Students who are unconditional admitted have a minimum undergraduate grade point average of 3.0 as calculated by the Graduate School (or 3.0 at the graduate level), and enroll for a minimum of six semester credit hours will be eligible for available fellowship and/or scholarship support. A standardized test score (GMAT or GRE) will not be used as the sole criterion for determining fellowship and/or scholarship eligibility.

Probationary Admission

For an applicant with a GMAT index score below 1080 or GRE index score below 2200, probationary admission may be available when at least three items of 1 through 5 above strongly indicate potential for successful academic performance as a graduate economics student. Items 6 through 9 will also be used to identify positive indicators for admission. Students who are admitted on probation will have one or more conditions specified, such as no grade less than 'B' for the first 12 hours of graduate study.

Provisional, Deferred and Denied Admission

A provisional decision to admit may be granted when the applicant meets criteria for unconditional or probationary status but one or more applicant credentials are incomplete. A deferred decision may be made when an applicant's file is not sufficiently complete to make an admit or deny decision.

For an applicant with a GMAT index score less than 1040, or GRE index score less than 2100, and other evidence indicates lack of potential for academic success as a graduate economics student, admission will likely be denied. However, all applicant data will be carefully reviewed before an admission denial is made.

Degree Requirements

Master's Degree with Thesis

A minimum of 30 semester hours is required. The core requirement is ECON 5301 or equivalent, 5310, 5312, 5336, and the thesis (for which a six hour credit is received). 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 option is designed for students who will enter the job market upon completion of the MA degree in economics. This degree plan requires a minimum of 36 semester hours, 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; it cannot be changed by completing course requirements in a later semester. 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 X) cannot be given in a course that is graded R, nor can the grade of R be given in a course that is graded X. To receive credit for a course in which the student earned an X, the student must complete the course requirements. A grade of X cannot be changed by enrolling again in the course in which an X was earned. 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 thesis courses and nine-hour dissertation 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.)

Economics (ECON)

Course fee information is published in the online Student Schedule of Classes at Please refer to this Web site for a detailed listing of specific course fees.

5301. MATHEMATICS FOR ECONOMISTS (3-0). Designed to upgrade mathematical skills for graduate work in economics and business. Prerequisite: college algebra or equivalent.

5305. ENVIRONMENTAL LAW & POLICY (3-0). Evolution of environmental law and policy; reviews primary environmental laws; Clean Air Act, Clean Water Act, Superfund, RCRA, and Endangered Species Act and their impact on the economy and environment.

5306. ENVIRONMENTAL ECONOMICS (3-0). This course examines economic theory and practice as it applies to environmental regulation, policy, and management. Prerequisite: ECON 5311 or equivalent.

5310. 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 or equivalent or consent of instructor.

5311. ECONOMIC ANALYSIS (3-0). Develops understanding of macroeconomic environment within which each person must earn a living. Integration of business, government, monetary, international factors within context of inflation, productivity, growth. Non-credit for MA in Economics.

5312. 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 or equivalent or consent of instructor.

5313. 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 or equivalent or consent of instructor.

5314. ECONOMICS OF ORGANIZATION AND BUSINESS STRATEGY (3-0). Economic theories of firm and industry behavior include the organization of the firm, oligopoly behavior, strategic entry deterrence, mergers and acquisitions, and technological competition. Prerequisite: ECON 5311 or equivalent.

5318. 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: Consent of instructor.

5319. 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 or equivalent.

5321. INTERNATIONAL TRADE AND THE GLOBAL MARKETPLACE (3-0). Examines the theory and policy of international trade and investment. The theory part seeks to explain 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 EEC, NAFTA, and other economic blocs. The policy part studies the role of governments in their efforts to regulate, restrict, promote, or influence the conduct of international trade and investment. Prerequisite: ECON 5311 or equivalent.

5327. 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 or equivalent.

5329. 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, 5312, and 5336.

5330. ADVANCED LABOR 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. Prerequisite: ECON 5311 or equivalent.

5333. 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 or equivalent.

5336. ECONOMETRICS (3-0). Statistical methods applied to business and economic problems; topics include multiple regression, generalized linear regression, systems estimation. Prerequisites: ECON 5301, BUSA 5301, or equivalent.

5337. 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: BUSA 5301 or equivalent.

5338. 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 or equivalent or consent of instructor.

5382. INDEPENDENT STUDIES IN ECONOMICS. Extensive analysis of an economic topic. Prerequisite: consent of instructor and department chair.

5391. SPECIAL TOPICS IN ECONOMICS (3-0). In-depth study of selected topics in economics. May be repeated when topics vary. Prerequisite: consent of instructor.

5398, 5698, or 5998. THESIS. 5398 graded R/F only; 5698 and 5998 graded P/F/R. Prerequisite: permission of Graduate Advisor in economics.


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