DOCUMENTS OF THE GENERAL FACULTY

CHANGES IN THE REQUIREMENTS FOR THE BACHELOR OF ARTS DEGREE WITH A MAJOR IN ECONOMICS IN THE COLLEGE OF LIBERAL ARTS CHAPTER OF THE UNDERGRADUATE CATALOG, 1998-2000, OF THE UNIVERSITY OF TEXAS AT AUSTIN

Richard W. Lariviere, Dean of the College of Liberal Arts, filed with the Secretary of the Faculty Council the proposal below for changes in the requirements for the bachelor of arts degree with a major in economics in the College of Liberal Arts chapter of The Undergraduate Catalog, 1998-2000. The faculty and the dean of the College of Liberal Arts approved the changes on November 22, 1999. The edited proposal was received from the Office of Official Publications on February 17, 2000. The secretary has classified this proposal as legislation of exclusive application and primary interest to a single college or school.

If no objection is filed with the Office of the General Faculty by the date specified below, the legislation will be held to have been approved by the Faculty Council. If objection is filed within the prescribed period, the legislation will be presented to the Faculty Council at its next meeting. The objection, with reasons, must be signed by a member of the Faculty Council.

To be counted, a protest must be received in the Office of the General Faculty by April 7, 2000.



<signed>

John R. Durbin, Secretary
The Faculty Council




This legislation was posted on the Faculty Council web site (http://www.utexas.edu/faculty/council/) on March 28, 2000. Paper copies are available on request from the Office of the General Faculty, FAC 22, F9500.

CHANGES IN THE REQUIREMENTS FOR THE BACHELOR OF ARTS DEGREE WITH A MAJOR IN ECONOMICS IN THE COLLEGE OF LIBERAL ARTS CHAPTER OF THE UNDERGRADUATE CATALOG, 1998—2000, OF THE UNIVERSITY OF TEXAS AT AUSTIN

On page 255, in the College of Liberal Arts chapter of The Undergraduate Catalog, 1998-2000, in the section "BACHELOR OF ARTS, PLAN I," subsection "MAJORS AND MINORS," make the following changes. The following text incorporates changes approved via D&P 16987—16988.

Economics

Mathematics 403K and 403L, or 408C and 408D, or the equivalent, with a grade of at least C in each, are required of all students majoring in economics.

Major: Twenty-[four] five semester hours of economics, including Economics [320K] 420K, 320L, 329, and at least nine additional hours of upper-division coursework. Economics [320K] 420K, 320L, and 329 must be completed in residence. Economics majors must take Economics [320K] 420K at least two semesters prior to completion of the degree. [No economics course taken on the pass/fail basis may be counted toward the major requirement.]

The student must make a grade of at least C in Economics [320K] 420K, 320L, and 329, and must earn a grade point average of at least 2.00 in all other economics courses taken at the University and counted toward fulfillment of the major requirement. No student may register for more than nine semester hours of economics in any one semester without approval of the undergraduate adviser.

Minor for economics majors: Twelve semester hours, including at least six hours of upper-division coursework, in any one other field of study in the University. Six of the required twelve hours must be taken in residence.


Rationale:
Economics 320K at UT, as currently designed and implemented, is not competitive with the corresponding course offered by the universities with whom we compete. The extra hour of class time allows for two substantial enhancements: (1) the addition of critical modern topics of game theory, the economics of information, strategic behavior and network externalities; and (2) guidance and instruction to students in applying the theoretical models and analytical tools developed in this course to real world problems.