Program Overview

Economics (ECO) Program Details

The Economics (ECO) program offers a comprehensive curriculum that covers various aspects of economics, including microeconomics, macroeconomics, international trade, and economic development.

Course Offerings

• ECO 1305: Issues in Economics for Non-Business Majors - An introduction to basic economic concepts, models, and tools used in economic analysis, with applications to various issues such as price controls, taxes, poverty, and pollution. (3 credits, does not count towards an economics major or a business degree, available for non-business majors only, no prerequisites listed but assumes basic understanding of economic principles, taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like public policy, international trade, and environmental economics, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as economics clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 1313: Economic Principles for BASE Program - A core introductory economics course for students participating in the Business Administration Summer Experience (BASE) program, focusing on foundational skills for understanding additional disciplines covered in the BASE program. (3 credits, restricted to BASE minors, with prerequisites including admission to the BASE program, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like business management, finance, and marketing, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as business clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 1380: Introduction to Economic Analysis and Policy - An introduction to the nature and outcomes of economic decision-making at the individual, market, and aggregate levels, with special attention to questions of morality underlying economic decision-making. (3 credits, available to University Scholars Program, Baylor Business Fellows Program, or Baylor Business Scholars Program students, or with consent of the department, with prerequisites including admission to one of the aforementioned programs or consent of the department, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like public policy, economics, and business, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as economics clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 2306: Principles of Microeconomics - Microeconomic analysis, including theories and applications of demand, production, industrial organization, international trade, and Christian ethics in economic decisions. (3 credits, with prerequisites including a minimum grade of C in ECO 1380 or ECO 2306 and 2307, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like business, economics, and public policy, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as economics clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 2307: Principles of Macroeconomics - A study of basic economic concepts, business organization, economic role of government, national income analysis, national income theory, money and banking, and the business cycle. (3 credits, with prerequisites including a minimum grade of C in ECO 1380 or ECO 2306 and 2307, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like business, economics, and public policy, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as economics clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)

Advanced Courses

• ECO 3305: Money and Banking - A study of the structure and functioning of American financial institutions, the functioning of financial markets, and the nature of security prices and interest rates. (3 credits, with prerequisites including a minimum grade of C in ECO 1380 or ECO 2306 and 2307, and a minimum grade of C in MTH 1309 or MTH 1321, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like finance, banking, and economics, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as finance clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 3306: Intermediate Microeconomic Analysis - An intensive study of contemporary microeconomic theory, including consumer demand, market structure, production theory, and the pricing and allocation of productive resources. (3 credits, with prerequisites including a minimum grade of C in ECO 1380 or ECO 2306 and 2307, and a minimum grade of C in MTH 1309 or MTH 1321, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like business, economics, and public policy, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as economics clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 3307: Intermediate Macroeconomic Analysis - Theories of long-term growth and short-term fluctuations in national economies, with emphasis on the macroeconomic implications of government policy. (3 credits, with prerequisites including a minimum grade of C in ECO 1380 or ECO 2306 and 2307, and a minimum grade of C in MTH 1309 or MTH 1321, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like business, economics, and public policy, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as economics clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)

Specialized Courses

• ECO 3321: Global Food Economy - An examination of the global food economy, including agricultural supply chains, food demand, and the challenges of ensuring global food security. (3 credits, with prerequisites including a minimum grade of C in ECO 1380 or ECO 2306 and 2307, and a minimum grade of C in MTH 1309 or MTH 1321, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like agriculture, food policy, and international development, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as agriculture clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 3331: International Economics - International trade theories, trade policies, and their effects, with a focus on the global economy and international economic organizations. (3 credits, with prerequisites including a minimum grade of C in ECO 1380 or ECO 2306 and 2307, and junior standing, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like international trade, finance, and economics, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as international business clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 4333: Foreign Exchange Markets - An analysis of currency markets, including spot, forward, futures, and options markets, with a focus on the management of exchange rate risk by businesses. (3 credits, with prerequisites including a minimum grade of C in ECO 1380 or ECO 2306 and 2307, and junior standing, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like finance, international trade, and economics, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as finance clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)

Research and Special Studies

• ECO 4V98: Special Studies in Economics - A special studies course that allows students to explore topics in economics not covered by regular course offerings, with the consent of the chair of the Department of Economics. (1-6 credits, with prerequisites including consent of the department chair, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like economics, research, and academia, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as economics clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)
• ECO 4V9R: Undergraduate Research in Economics - An undergraduate research course that allows students to undertake research in economics under the supervision of a faculty member, with the consent of the instructor. (3 credits, with prerequisites including consent of the instructor, and taught in English, with assessments including quizzes, exams, and a final project, and resources such as textbooks, online materials, and guest lectures by industry experts, with a focus on critical thinking, problem-solving, and effective communication, and career opportunities in fields like economics, research, and academia, with further information available through the department's website or academic advisors, and a detailed syllabus outlining course objectives, outcomes, and evaluation criteria, and emphasizing the development of analytical, quantitative, and writing skills, with opportunities for undergraduate research, internships, and study abroad programs, and a commitment to academic integrity, diversity, and inclusion, with accommodations available for students with disabilities, and a range of extracurricular activities, such as economics clubs, seminars, and conferences, to enhance the learning experience and provide networking opportunities)