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Economics and Finance (B.A., B.S.)

Economists study how people make choices in life when scarcity limits what is available. They look at a society’s financial, industrial, and labor organizations; its distribution of income and ownership rights; its governmental activities; and its political and economic philosophies, and analyze how these and other factors influence the goods an economy produces, the resources it uses in production, and the distribution of its output. They also look at how incentives affect decisions relating to human behavior, such as whether to obey the law, get married, or have children.

Economic analysis leads to explanations, predictions, and policy suggestions. How are wages and prices set? Why do some cities boom while others decline? Why do we have an energy crisis? How should we use our exhaustible resources? How will consumers and corporations react to a tax cut? How can the crime rate be reduced? If we are to use our resources efficiently, what antitrust and government regulations should be enforced? What can be done to reduce inflation and unemployment? To prevent excess pollution? To achieve economic growth? To distribute income more equitably? In examining these sorts of questions, economics helps us to understand more clearly the choices available to us and the consequences of our decisions.

There is an abundance of career opportunities for an economics major.

Careers in business include consulting, banking, and other financial institutions, insurance, corporate strategic planning, real estate, journalism, management, marketing and public utilities.

Careers in government include consulting, publicly owned utilities, planning and forecasting, regulatory agencies, management, needs assessment, legislative staffs, judicial agencies, and executive support.

Careers in the interfacing of business and government include labor arbitration, regulation, environmental planning, urban and regional planning, and interest representation.

One option of specialization offered by the Economics and Finance program to students pursuing a Bachelor of Science degree is a double major with a Bachelor of Science in Finance with the Chartered Financial Analyst (CFA®) track. The CFA® program, administered by the CFA® Institute, is a globally recognized standard for measuring the competence and integrity of financial analysts. Three levels of examination measure a candidate’s ability to apply the fundamental knowledge of investment principles at a professional level. The CFA® examinations are administered annually in more than 70 nations worldwide. For information about registering in the CFA® program, see the CFA® web site at http://www.cfainstitute.org/. The Economics and Finance Program offers a number of courses that help prepare for these examinations. Specific information is provided in the section on requirements for the Bachelor of Science in Economics and Finance below.

Bachelor of Arts in Economics and Finance
Degree Requirements (120 hours)

I. Core Curriculum Requirements¹: 42 hours
    A. Communication (6 hours)
        3 hours Communication (RHET 1302)
        3 hours Communication Elective ( ECO 4346 or ECO 4382)²
    B. Social and Behavioral Sciences (15 hours)
        6 hours Government (GOVT 2301 and 2302)
        6 hours American History
        3 hours Social and Behavioral Sciences Elective (SOC 1301, SOC 2319, CJS 1301, or CJS
            1307)²
    C. Humanities and Fine Arts (6 hours)
        3 hours Fine Arts (ARTS 1301)
        3 hours Humanities (HUMA 1301)
    D. Mathematics and Quantitative Reasoning (6 hours)³
        3 hours Mathematics (at or above the level of College Algebra)
        3 hours Quantitative Reasoning (SOCS 3305)²
    E. Science (9 hours including at least one course with a substantial laboratory component)

¹ Curriculum Requirements can be fulfilled by other approved courses from accredited institutions of higher education. The courses listed in parenthesis are the most efficient way to satisfy both Core Curriculum and Major Requirements at U.T. Dallas.

II. Major Requirements: 46 hours
    Major Preparatory Courses (6 hours)
        ECO 2301 Principles of Macroeconomics*
        ECO 2302 Principles of Microeconomics*
    Major Core Courses (22 hours)
        ECO 3304 Basic Techniques for Economic Research
        ECO 3310 Intermediate Microeconomic Theory
        ECO 3311 Intermediate Macroeconomic Theory
        SOCS 3105 Social Statistics Laboratory
        SOCS 3305 Introduction to Social Statistics²
        One of the following:
            ECO 4346 Technology, Society and Economy
            ECO 4382 International Finance
        One of the following:
            CJS 3301 Theories of Justice
            ECO 4320/PA 4313 Public Sector Economics
        And one of the following:
            ECO 3370 The Global Economy
            ECO 4360 International Trade
            ECO 4362 Development Economics
            ECO 4382 International Finance
        Major Related Courses (24 hours)
            24 hours Economics and Finance upper-division ECO courses

² A Major requirement that also fulfills a Core Curriculum requirement. Hours are counted in Core Curriculum above.
³ Students wishing to pursue Master’s or Ph.D. degrees in economics should consult their advisor about appropriate mathematics and quantitative methods courses.
* Indicates a prerequisite class to be completed before enrolling for upper-division classes in Economics and Finance.

III. Elective Requirements: 32 hours
    Advanced Electives (6 hours)
        All students are required to take at least six hours of advanced electives outside their major
        field of study. These must be either upper-division classes or lower-division classes that
        have prerequisites.
    Free Electives (26 hours)
        This requirement may be satisfied with lower- and upper-division courses from any field of
        study. Students must complete at least 51 hours of upper-division credit to qualify for
        graduation.

Bachelor of Science in Economics and Finance
Degree Requirements (120 hours)

I. Core Curriculum Requirements¹: 42 hours
    A. Communication (6 hours)
        3 hours Communication (RHET 1302)
        3 hours Communication Elective ( recommended ECO 4346 or ECO 4382)²
    B. Social and Behavioral Sciences (15 hours)
        6 hours Government (GOVT 2301 and 2302)
        6 hours American History
        3 hours Social and Behavioral Sciences Elective (SOC 1301, SOC 2319, CJS 1301, or CJS
            1307)²
    C. Humanities and Fine Arts (6 hours)
        3 hours Fine Arts (ARTS 1301)
        3 hours Humanities (HUMA 1301)
    D. Mathematics and Quantitative Reasoning (6 hours)³
        3 hours Mathematics (at or above the level of College Algebra)
        3 hours Quantitative Reasoning (SOCS 3305)²
    E. Science (9 hours including at least one course with a substantial laboratory component)

¹ Curriculum Requirements can be fulfilled by other approved courses from accredited institutions of higher education.
² The courses listed in parenthesis are recommended as the most efficient way to satisfy both Core Curriculum and Major Requirements at U.T. Dallas.

II. Major Requirements: 52 hours
    Major Preparatory Courses (6 hours)
        ECO 2301 Principles of Macroeconomics*
        ECO 2302 Principles of Microeconomics*
    Major Core Courses ( 28 hours)
        ECO 3304 Basic Techniques for Economic Research
        ECO 3310 Intermediate Microeconomic Theory
        ECO 3311 Intermediate Macroeconomic Theory
        ECO 4351 Mathematical Economics
        ECO 4355 Econometrics
        SOCS 3105 Social Statistics Laboratory
        SOCS 3305 Introduction to Social Statistics²
    One of the following: ²
        ECO 4346 Technology, Society and Economy
        ECO 4382 International Finance
    One of the following:
        CJS 3301 Theories of Justice
        ECO 4320/PA 4313 Public Sector Economics
    And one of the following:
        ECO 3370 The Global Economy
        ECO 4360 International Trade
        ECO 4362 Development Economics
        ECO 4382 International Finance
    Major Related Courses (24 hours)
        24 hours Economics and Finance upper-division ECO courses

² A Major requirement that also fulfills a Core Curriculum requirement. Hours are counted in Core Curriculum.
³ Students wishing to pursue Master’s or Ph.D. degrees in economics should consult their advisor about appropriate mathematics and quantitative methods courses.
* Indicates a prerequisite class to be completed before enrolling for upper-division classes in Economics and Finance.

III. Elective Requirements: 26 hours
    Advanced Electives (6 hours)
        All students are required to take at least six hours of advanced electives outside their major
        field of study. These must be either upper-division classes or lower-division classes that
        have prerequisites.
    Free Electives (20 hours)
        This requirement may be satisfied with lower- and upper-division courses from any field of
        study. Students must complete at least 51 hours of upper-division credit to qualify for
        graduation.

Bachelor of Science with a Chartered Financial Analyst^® emphasis
Students wishing to follow the Chartered Financial Analyst Track are recommended to take:
    ECO 5301 Microeconomic Theory I
    ECO 6321 Financial Economics I
    ECO 6322 Financial Economics II
    as well as:
        ECO 4382 International Finance, which is listed under a “one of the following” groups listed
            above;
        and among their electives:
            AIM 2301 Introductory Financial Accounting
            AIM 3320 Financial Information Management
            AIM 3331 Intermediate Financial Accounting I
            AIM 3332 Intermediate Financial Accounting II
            BA 4346 Investment Management

Notes: AIM 2301 must be taken before AIM 3330. Prerequisites for BA 4346 are ECO 3304, ECO 4351 and SOCS 3305 with a grade of B or better. ECO 5301, ECO 6321, and ECO 6322 must be taken as part of the Fast Track program.

Bachelor of Science in Economics and Finance and FInance (Double Major) with an Emphasis in CFA®
Degree Requirements (126 hours)

I. Core Curriculum Requirements¹: 42 hours
    A. Communication (6 hours)
        3 hours Communication (RHET 1302)
        3 hours Communication Elective (BA 4305)²
    B. Social and Behavioral Sciences (15 hours)
        6 hours Government (GOVT 2301 and 2302)
        6 hours American History
        3 hours Social and Behavioral Sciences Elective (ECO 2301)²
    C. Humanities and Fine Arts (6 hours)
        3 hours Fine Arts (ARTS 1301)
        3 hours Humanities (HUMA 1301)
    D. Mathematics and Quantitative Reasoning (6 hours)³
        3 hours Mathematics (MATH 1325)
        3 hours Quantitative Reasoning (STAT 3306)²
    E. Science (9 hours including at least one course with a substantial laboratory component)

¹ Curriculum Requirements can be fulfilled by other approved courses from accredited institutions of higher education.
² The courses listed in parenthesis are recommended as the most efficient way to satisfy both Core Curriculum and Major Requirements at U.T. Dallas.

II. Major Requirements: 48 hours
    Major Preparatory Courses (18 hours)
        AIM 2301 Introductory Financial Accounting
        AIM 2302 Introductory Management Accounting
        BA 2301 Business and Public Law
        ECO 2301 Principles of Macroeconomics*
        ECO 2302 Principles of Microeconomics*
        MATH 1325 Applied Calculus I
        MATH 1326 Applied Calculus II
        MATH 2333 Matrices, Vectors and Theory Applications
    Major Core Courses (30 hours)
        BA 3341 Business Finance
        BA 3351 Management Information Systems
        BA 3352 Production Management
        BA 3361 Organizational Behavior
        BA 3365 Marketing Management
        BA 4305 Social and Political Environment of Business
        BA 4371 International Business
        ECO 3310 Intermediate Microeconomic Theory
        ECO 3311 Intermediate Macroeconomic Theory
        ECO 4355 Econometrics
        ECO 4382 International Finance
        STAT 3360 Probability and Statistics

² A Major requirement that also fulfills a Core Curriculum requirement. Hours are counted in Core Curriculum.
³ Students wishing to pursue Master’s or Ph.D. degrees in economics should consult their advisor about appropriate mathematics and quantitative methods courses.
* Indicates a prerequisite class to be completed before enrolling for upper-division classes in Economics and Finance.

III. Elective Requirements: 36 hours
    AIM (12 hours)
        AIM 3320 Financial Information Management
        AIM 3331 Intermediate Financial Accounting I
        AIM 3332 Intermediate Financial Accounting II
        One of the following:
            AIM 3341 Cost Management Accounting
            AIM 3351 Individual Taxation
            AIM 4336 Financial Statement Analysis
            AIM 4337 Business Valuation
    Finance (12 hours)
        BA 4345 Money and Capital Markets
        BA 4346 Investment Management
        BA 4347 Applied Corporate Finance
        One of the following:
            AIM 3351 Individual Taxation
            AIM 4336 Financial Statement Analysis
            BA 4348 Options and Futures Markets
            BA 4349 Management and Financial Institutions
            BA 4350 Personal Financial Management and Planning
    Economics (12 hours)
        12 hours of Economics and Finance upper-division ECO courses

Minor in Economics and Finance (18 hours)

For a minor in Economics and Finance, students must take ECO 2301, ECO 2302, either ECO 3310 or ECO 3311, and nine hours of ECO electives. Electives may be any upper-division course with the ECO prefix with the exception of ECO 4V97, ECO 4V98, and ECO 4V99.

The University of Texas at Dallas 2004-2006 Undergraduate Catalog
Volume 30, Number 1
Copyright © The University of Texas at Dallas

This catalog is a general information publication only. It is not intended to nor does it contain all regulations that relate to students. The provisions of this catalog do not constitute a contract, express or implied, between any applicant, student or faculty member and The University of Texas at Dallas or The University of Texas System. The University of Texas at Dallas reserves the right to withdraw courses at any time, to change fees or tuition, calendar, curriculum, degree requirements, graduation procedures, and any other requirements affecting students. Changes will become effective whenever the proper authorities so determine and will apply to both prospective students and those already enrolled.

Statement on Equal Educational Opportunity
The University of Texas at Dallas is committed to an educational and working environment that provides equal opportunity to all members of the University community. In accordance with federal and state law, the University prohibits unlawful discrimination on the basis of race, color, religion, national origin, gender, age, disability, and veteran status. Discrimination on the basis of sexual orientation is also prohibited pursuant to University policy.