Management and Economics

Mario Hayek (Department Head)
Location: McDowell Administration Building, Room 336, 903-886-5703, Fax 903-886-5702

The Management and Economics Department produces professionals who are able to lead people and manage resources to create value. We do this by developing marketable skills through high-quality delivery of content and engagement with external stakeholders. The Department of Management and Economics offers the Bachelor of Business Administration (B.B.A.) degree with the option of two majors: Management or General Business.  We also offer a Bachelor of Science in Business Administration (B.S.) with a required Interdisciplinary Studies minor.

To earn a degree in these areas, a student must:

  1. meet all University requirements previously specified;
  2. satisfy Core Curriculum Requirements and
  3. complete courses in the College of Business core curriculum (refer to those sections of this catalog).

In addition, courses in the major must be completed as shown in each section below. Also, for graduation, a 2.0 (C) grade point average must be achieved overall and in each course in the College of Business.

ECO 1307 - Economics of Personal Finance
Hours: 3
The course is designed to help students become prepared for a financially challenging world and to introduce the concepts and methods of personal financial planning. The financial planning process, the time value of money, taxation, credit, housing insurance, employee benefits, family economics and building a personal financial plan will be explored. The course is designed to integrate subject matter into a comprehensive format enabling students to understand and demonstrate the ability to develop a personal financial plan and to increase financial literacy. Special Projects include the students reviewing their credit report, creating a debt repayment plan, monitoring their spending habits, identifying their retirement needs.

ECO 2301 - GLB/US-Prin Macro Economics
Hours: 3
Introduces the student to the workings and interrelationships of the U.S. and world economics. Principles of economic analysis including measurement of aggregate economic activity, national income determination, money and banking, monetary and fiscal policy, and business fluctuation. Emphasis is given to analyzing real world problems such as poverty, inflation, unemployment, and economic instability.

ECO 2302 - Principles of Micro Economics
Hours: 3
Principles of Micro Economics. Three semester hours. Introduces the student to the basic concepts and tools of analysis in microeconomics. Focuses on the operation of markets, with emphasis placed on the analysis of current problems such as health care, the environment, crime, education and regulatory reform. A major concern is how prices of individual goods and services are determined and how prices influence decision making.

ECO 301 - Environmental Economics
Hours: 3
Environmental Economics. Three semester hours. This course applies the basic analytical tools of economics to explain the interaction between the marketplace and the environment, the implications of that relationship, and an examination of effective solutions. Particular emphasis given to agricultural and other renewable resources.

ECO 302 - Business and Economic Statistics
Hours: 3
This course introduces students to descriptive statistics (measures of central tendency and variation and representing data graphically) and statistical inference. Inference will involve sampling techniques, estimation, hypothesis testing and simple regression. Applications emphasize continuous improvement of products and services. Prerequisites: MATH 1325.

ECO 309 - Economic Forecasting
Hours: 3
Introduces the student to the economic forecasting approach through which economic theories and policy analysis can be stated and applied. Prerequisites: ECO 2301, 2302; ECO 302.

ECO 331 - Intermediate Macroeconomics
Hours: 3
Intermediate Macroeconomics. Three semester hours. (1) An analysis of national income and its components. Emphasis is placed on the relationship between saving, investment, and employment. Prerequisite: ECO 2301.

ECO 332 - Intermediate Micro Economics
Hours: 3
Intermediate Micro Economics. Three semester hours. (2) Demand, cost, and supply functions of firms; sources of data for their estimation; functions of prices and markets. Application of principles to empirical problems, decisions, and situations. Prerequisite: ECO 2302.

ECO 428 - GLB/ International Economics/Finance
Hours: 3
An analytical approach to assessing and understanding current impacts international economies have on the United States. Emphasis is on gains from trade, economic growth, exchange rates, price formation, trade policy, and political considerations. Prerequisites: Junior standing. Crosslisted with: ECO 528.

ECO 489 - Independent Study
Hours: 3
Independent Study. One to four semester hours. Individualized instruction/research at an advanced level in a specialized content area under the direction of a faculty member. May be repeated when the topic varies. Prerequisite: Consent of department head.

ECO 490 - H Honors Thesis
Hours: 3-6
Honors Thesis in Economics. Three semester hours. This course satisfies the requirements for honors thesis and oral examination on the student's chosen topic.

ECO 491 - H Honors Readings
Hours: 3
Honors Readings in Economics. Three semester hours. This course satisfies the requirements for honors readings in economics on the student's chosen topics.

ECO 497 - Special Topics
Hours: 0-4
Special Topics. One to four semester hours. Organized class. May be repeated when topics vary.

MGT 1301 - Principles of Business and Entrepreneurship
Hours: 3
This course introduces students to the concepts of opportunity identification and the creation of organizations that are geared towards creating financial and social value. Students will be exposed to introductory levels of marketing, operations management, human resource management, accounting, law, and finance.

MGT 301 - Legal Environment of Business
Hours: 3
A study of the legal environment and aspects of commerce, including administrative law, trade restraints, price discrimination, labor and employment law, common and statutory liability and regulation of professionals, elements of contract and tort law, as well as an analysis of basic principles of the foreign and international aspects of business and commerce. Prerequisites: Junior Standing.

MGT 303 - Business Communications
Hours: 3
A study of the fundamentals of writing both formal and informal reports, utilizing primary and secondary research. A team approach is used for problem solving and process improvement. Included is the study of life-long learning skills as related to interpersonal communication and intercultural business communication Prerequisites: Junior standing.

MGT 305 - Principles of Management
Hours: 3
This course provides a comprehensive overview of the general field of management. Its purpose is to familiarize students with basic management concepts and provide insight regarding effective management practices. In addition to closely examining the four basic functions of management—planning, leading, organizing, and controlling—topics such as organizational structure and design, communication, motivation and rewards, leadership, groups and teams, and organizational change and innovation will also be explored. Prerequisites: Junior standing.

MGT 307 - GLB/Operations Management
Hours: 3
This course is an introduction to the concepts, principles, problems, and practices of operations management. Emphasis is on managerial processes for effective operations in both goods-producing and service-rendering organizations. Topics include operations strategy, process design, capacity planning, facilities location and design, forecasting, production scheduling, inventory control, quality assurance, and project management. The topics are integrated using a systems model of the operations of an organization. Prerequisites: Junior standing, Math 176 or 1325, ECO 302, BUSA 128 or MIS 128 or CSCI 126 or IT 111.

MGT 308 - Entrepreneurial Strategy
Hours: 3
This course introduces students to the challenges of owning, operating, and marketing a successful small business and the need for entrepreneurial focus in large firms. Prerequisites: Junior standing, MGT 305, MKT 306 or permission of instructor.

MGT 315 - Organizational Behavior
Hours: 3
This course introduces students to basic theories and models of management and human behavior in professional organizations. Specifically, the course focuses on three levels of analyses – individual, group and organizational. Specific topics such as personality and individual differences, motivation, leadership, groups and teams, and organizational behavior in global contexts will be covered in detail. Prerequisites: Junior standing.

MGT 330 - The Entrepreneur
Hours: 3
This course is geared towards gaining theoretical and applied understanding of the entrepreneur and entrepreneurial lifestyle. In particular, this course addresses the implications of personality, attitudes, ethical challenges, environmental scanning and opportunity recognition mind-frame, biases and heuristics, decision-making processes, on the life of an entrepreneur. Prerequisites: Junior standing.

MGT 340 - Quality Management and Improvement
Hours: 3
This course examines (1) the primary tools and methods used to monitor and control quality in organizations and (2) the ways in which quality can be improved. Included in the course are such topics as the historical development of quality management, the seven basic tools for quality improvement, and management strategies for implementing world class quality improvement strategies. Emphasis is also given to control chart analysis and process capability study. Prerequisites: Junior standing.

MGT 348 - Management Dynamics
Hours: 3
Management Dynamics. Three semester hours. An application of management principles to current business challenges. Methods will be those of contemporary management training programs and may include role playing, team exercises, skits, case studies and other high student involvement activities. Prerequisite: Junior standing.

MGT 350 - Corporate Governance & Sustainability
Hours: 3
The class presents an in-depth examination of the issues related to corporate governance in an ethical society. General theories of governance provide a foundation for an examination of the role governance decisions play in promoting the long-run sustainability of the community in which the firm operates. Global comparative analysis will help identify best practices in internal and external governance mechanisms. Prerequisites: Junior standing.

MGT 360 - Organizational Leadership
Hours: 3
This course emphasizes the development of leadership skills based on the research done in management science. It focuses primarily on the evolution of leadership thought and the application of the various models and theories associated with the various perspectives on leader behavior and subsequent follower outcomes. Prerequisites: Junior standing.

MGT 370 - New Venture Management
Hours: 3
The purpose of this course is to teach students about the opportunity recognition, analysis and exploitation process. Students will learn to scan the environment for opportunities and develop a business plan to help assess the opportunity (market research, market segmentation, industry, competition and financial analysis) and to develop comprehensive plans to exploit the identified opportunity (marketing, operation and financial plan). Prerequisites: Junior standing.

MGT 380 - International Management and Business
Hours: 3
This course is designed to give students a fundamental understanding of the environment in which international business operates and of the management practices required to compete successfully in global markets. Prerequisites: Junior standing.

MGT 389 - Independent Study
Hours: 0-4
Independent Study. One to four semester hours. Individualized instruction/research at an advanced level in a specialized content area under the direction of a faculty member. May be repeated when the topic varies. Prerequisite: Consent of department head.

MGT 390 - Project Management
Hours: 3
This course is geared towards teaching students the fundamentals of project management based on the Project Management Body of Knowledge developed by the Project Management Institute. In particular, students will learn about scope, time, cost, quality, human resource, communication and procurement management and develop a comprehensive project plan accordingly. Prerequisites: Junior Standing.

MGT 394 - Human Resource Management
Hours: 3
This course provides a study of principles, policies and practices related to staffing, employee development, compensation, employee and labor relations in profit, not for-profit, domestic and international organizations. Prerequisites: Junior standing.

MGT 397 - SPECIAL TOPICS
Hours: 0-4
Organized class. May be repeated when topics vary.

MGT 410 - Family Business
Hours: 3
Students will explore the business, personal and family issues found in managing an established family business on a day-to-day basis, and planning for the future. These issues include values, life cycles, marketing strategies, succession, conflict resolution, communications, legal, and financial aspects, estate planning, governance and philanthropy. Prerequisites: Junior standing.

MGT 422 - Electronic Commerce
Hours: 3
Electronic Commerce. Three semester hours. (Same as MKT 422) This course exposes students to key strategic management applications relevant to the use of Internet technologies. The goal of the course is to provide students the necessary background of strategic management concepts, technologies, and applications required of businesses wanting to become actively involved in the rapidly growing electronic commerce industry. Some exposure to technical issues will also be provided. Prerequisite: Senior standing.

MGT 430 - Organizational Ethics
Hours: 3
Foundations of ethical principles and their application in contemporary organizational settings. Included are theories of moral philosophy and the development of professional business codes and laws. Special emphasis on emerging ethical challenges in business technology and culture. Prerequisites: Junior Standing.

MGT 431 - Internship
Hours: 0-3
This course provides an opportunity for selected students to earn elective credits in Management through supervised work experience with area business firms under the supervision of a faculty member. Prerequisites: Approval of the department head.

MGT 438 - Compensation Management
Hours: 3
Compensation Management. Three semester hours. A study of total compensation management systems is the focus of this course. Financial considerations emphasized include the environment of the employer organization, organizational policies, job analysis, job evaluation and employee performance appraisal. Non-financial compensation components are studied from the viewpoint of the work environment and job design. Prerequisites: Junior standing, MGT 394.

MGT 439 - GLB/Business Strategy
Hours: 3
This course provides a business capstone for the study of the overall functioning of various types of organizations. This course includes a brief study of strategic planning including mission statement development, analysis of external environments and internal organizational factors, development of strategic alternatives, selection of appropriate alternatives, implementation of strategies, and competitive strategies and dynamics. Special emphases are given to the integration and coordination of the functional areas within the enterprise. The case method and/or a business simulation will be used to provide practical experience in analysis and decision making in the solution of business problems. Prerequisites: Senior standing; FIN 304; ECO 302; MGT 305, 307; MKT 306.

MGT 441 - Purchasing & Supply Mgmt
Hours: 3
Purchasing and Supply Management. Three semester hours. This course examines the responsibilities related to managing the flow of materials and services into organizations. Traditional purchasing activities of global sourcing, bidding, contract administration and materials management are included in the course. particular focus is given to the strategic issues of managing the supply function and the creative purchasing activities of developing buying strategy, supply research, economic analysis, value analysis, supplier certification and evaluation, and information systems analysis. Prerequisite: Junior standing and MGT 307.

MGT 445 - Retail Management
Hours: 3
(Same as MKT 445) This is a survey course dealing with managerial principles and practices of retail operation, including store location and layout, buying pricing, promotion, services, and inventory control. Prerequisite: MKT 306, MGT 305.

MGT 453 - Employee & Labor Relations
Hours: 3
Employee and Labor Relations. Three semester hours. A study of the employment relationship in unionized and non-unionized settings. Emphasis is given to the growth of the labor movement, major provisions of present day federal labor law, institutions that have a major influence on the labor movement, contract negotiation and administration. The future of the labor movement, as well as employee relations in non- and partially-unionized settings, will also be discussed. Prerequisites: Junior standing, MGT 394.

MGT 489 - Independent Study
Hours: 1-4
Individualized instruction/research at an advanced level in a specialized content area under the direction of a faculty member. May be repeated when the topic varies. Prerequisite: Consent of department head.

MGT 490 - H Honors Thesis
Hours: 3
Honors Thesis. Six semester hours.

MGT 491 - H HONORS READINGS
Hours: 3
Honors Reading. Three semester hours.

MGT 493 - Staffing and Research
Hours: 3
Staffing and Research. Three semester hours. This course provides an in-depth study of the staffing process which involves moving people into, through, and eventually, out of the organization. The primary emphasis is on human resource planning, recruitment, selection, appraisal, and employment laws, especially equal employment opportunity. Further attention is given to the role of research in the management function. Prerequisite: Junior standing, MGT 394.

MGT 497 - Special Topic
Hours: 1-4
Organized class. May be repeated when topics vary.

MGT 499 - Comp Exam in Management
Hours: 0

Augustine C. Arize
Regents Professor
B.S., M.B.A., University of Central Arkansas; Ph.D., North Texas State University.

Guclu Atinc
Associate Professor
B.S., M.B.A., Troy State University; M.B.A.,D.B.A., Louisiana Tech University

Lloyd Basham
Instructor
B.B.A., M.B.A., Texas AM University-Commerce; M.A., University of Texas at Dallas; Ed.D. Texas AM University-Commerce.

Adolfo Benavides
Professor
B.B.A., Universidad de Puerto Pico, Rio Piedras, Puerto Rico; M.A., Ph.D., Washington State University;

Thomas Brown
Distinguished Lecturer
B.B.A. in Management from West Texas A&M University; M.L.A. in Liberal Arts from Southern Methodist University; M.B.A. in Human Resources Management from The University of Dallas

Gerald Burch
Assistant Professor
B.A., University of Texas; M.S. Naval Postgraduate School; Ph.D., Virginia Commonwealth University

James Robert Collins
Senior Lecturer
B.S.; Lamar University; M.B.A., University of Dallas; M.E., Ph.D., Texas A&M University

Tom Deaton
Lecturer
B.A., Ph.D., Texas AM University

Dale Funderburk
Professor
B.A., East Texas State University; M.S., Ph.D., Oklahoma State University.

Kishor Guru-Gharana
Professor
B.A., M.A. Tribhuvan University; M.A., Southern Methodist University; M.S., University of Texas; Ph.D., Southern Methodist University.

Mario Hayek
Associate Professor and Department Head
B.B.A., Marymount University; M.B.A., American University; Ph.D., University of Mississippi

Stanley Holmes
Assistant Professional Track
B.B.A., and MS., Texas SM University-Commerce, Ph.D., Texas A&M University

Lirong Liu
Associate Professor
B.A., Jilin University; M.A., Kent State University; M.S., Ph.D., University of Tennessee

Gregory Lubiani
Assistant Professor
B.B.A., M.A., Ph.D., University of Memphis

Asli K. Ogunc
Associate Professor
B.B.A., Marmara University; M.B.A., Western Michigan University; M.S., Ph.D., Louisiana State University.

Stephanie Pane
Associate Professor
B.S., Texas A&M University; M.S., Ph.D., Rensselaer Polytechnic Institute.

Jared Pickens
Assistant Professional Track Faculty
B.S., Texas Tech University; M.S., Kansas State University; Ed.D., Texas A&M University-Commerce

Mildred Pryor
Professor
B.B.A., M.B.A., Memphis State University; Ph.D., The University of Mississippi

Brandon Randolph-Seng
Associate Professor
B.S., Weber State University, M.S., Georgia Southern University, Ph.D., Texas Tech University

Elva Resendez
Instructor
B.B.A. and M.B.A. from Texas A&M University-Commerce; Ph.D., University of Texas at Tyler

Steven S. Shwiff
Professor
B.A., University of Texas; M.A., St. Mary’s University; Ph.D., Texas AM University.

Saurabh Srivastava
Assistant Professor
B of Pharmacy, M of Pharmacy, Rajiv Gandhi University of Health Sciences, Bangalore, India,; M.B.A., University of Louisiana; Ph.D., University of North Texas

Sonia Taneja
Associate Professor
B.S., M.S., University of Delhi; M.S., Texas A&M University-Commerce; Ph.D., Kurukshetra University