Introductory Economics (3) Study of the American macro and micro economic system and the basic economic principles which underlie the production, distribution, and consumption of goods and services. One-semester course designed to satisfy requirements in other disciplines like Education, Medical Technology, Pharmacy, etc. Three hours of lecture per week. Listed as ECON 1301 in the Texas Common Course Numbering System.

Introduction to the economic analysis of environmental problems. Emphasis placed on the cause of environmental problems, types of externalities, determination of the optimal rate of pollution, alternative strategies for solving environmental problems, and the current state of U.S. environmental policy.

Introduction to the economic analysis of health services and health policy. Emphasis placed on the effects of uncertainty and incomplete information on the market for medical care and alternative strategies for controlling the cost of health care.

Economic theories pertaining to business and household decision-makers and to market behavior under various degrees of competition.

Economic theories and analyses of labor markets, wages, rates, collective bargaining, labor legislation, unemployment, and other labor problems.

Economic theories pertaining to the determination of aggregate income, output, employment, and price level. Economic policies to achieve stability and economic growth analyzed.

Study of the money supply and the impact of monetary policies on interest rates, prices, and the level of aggregate income.

Theory and analysis of money, banking, and the financial system. Emphasis on money creation and the Federal Reserve System's control of the money supply.

Study of the theoretical structure employed in examining the economic role of government and the use of this structure to explore a number of current policy issues.

Survey of urban economic problems, including those concerned with transportation, health services, and taxation. Analysis of alternative remedies for issues related to the urban economy addressed.

Basic mathematical, statistical, and computer techniques used in estimating and testing relationships among economic variables.

Application of economic theory to managerial decision making with emphasis on optimization, uncertainty, demand theory, production theory, cost theory, and profit analysis.

Analysis of problems and effects of international trade with emphasis on import-export imbalances, balance of payments, international flows of capital, foreign exchange rates, and international trade financing.

Analysis of the problems and issues involved in the economic modernization of developing and third world nations. Various theories of economic development and their applicability in specific instances examined.

Introduction to macro economic analysis pertaining to the overall performance of the economy. Emphasis on measurement of aggregate output, determination of the level of income and employment, and evaluation of various monetary and fiscal policies of government.

Analysis of the behavior of individual economic agents, including consumer behavior and demand, producer behavior and supply, price and output decisions by firms under various market structures, factor markets, market failures, and international trade.