Myes Hall

Course Descriptions

Economics Course Listings - Spring 2013

ECON 190S – Principles of Economics
4 semester hours
Frost, Marcia; Gwinn, Lawrence; Tiffany, Frederick; Wishart, David

Prerequisites:  Students must have attained the math placement level 22 to enroll.
An introduction to basic principles of economics.  Topics covered include supply and demand, marginal analysis, competition, profit maximization, aggregate demand, and supply, the level of employment, inflation, fiscal policy, monetary policy, and international trade.  Lecture/discussion format.

ECON 205 - Macroeconomic Stabilization Policy
 2 semester hours
Gwinn, Lawrence

Prerequisite:  Economics 190S
Macroeconomic Stabilization Policy is a two-semester hour course building on the fundamentals learned in Economics 190.  The course is intended to elevate the understanding of economics, financial economics, and management majors to a level that allows them to understand the macroeconomic environment in which institutions operate and to easily transition to upper level economics courses that employ macroeconomic analysis.  Economics 205 also covers the relationship between foreign exchange rate systems and the domestic economy.  The course will be of interest to any student desiring further study of how central banks and governments respond to the problems of inflation and unemployment using monetary and fiscal policy. 

ECON 240 - American Economic History
4 semester hours
Frost, Marcia

Prerequisite: ECON 190

This course is primarily an exploration of the economic development of what is now the United States from pre-history into the mid-20th century. We will survey the "new economic history" that has been researched and written over the past four decades.  Among the topics and issues we will examine are: economic growth in the long run and over the business cycle, including the pace, composition and proximate cause; human inputs and outcomes, including population growth, immigration, labor force and per capita income; and institutions, including money, government regulation & provision of goods and services, business and slavery. May be writing intensive; CLAC option available; alternate years.

ECON 260 - East Asian Economies
4 semester hours
Frost, Marcia

Prerequisite: ECON 190
This course is designed to introduce students to some of the most important and pressing current issues facing the Northeastern Asian economies of China, Mongolia and North Korea; to new economic concepts, theories and models; and to many sub-fields of the discipline, including economic history, environmental economics, political economy, comparative economics, institutional economics and economies in transition.  It is also multidisciplinary, integrating economics with political science, geography, geology, sociology, environmental science, history, and business. Cross-listed with East Asian Studies and International Studies; CLAC option; may be Writing Intensive; offered each year.

ECON 301 – Financial Markets and Institutions
4 semester hours
Ankrom, Jeff

Prerequisites:  ECON 190 and MATH 120.
The course is meant to impart a basic understanding of money and financial institutions and their impact on the working of the economy.  This will be accomplished by examining the following topics.

  1. The role and functions of financial intermediaries.
  2. The role of government in financial markets.
  3. Central banks, monetary policy, and the creation of money.
  4. Pricing of financial assets, and risk/return models.
  5. Models of interest rate determination and theories of the term structure of interest rates.
  6. Mortgage and securitized asset markets.
  7. Options and futures markets.

The course will have a lecture/discussion format and will involve regular reading of the Wall Street Journal.  Exams, quizzes, and class discussion form the basis for the course grade.

ECON 311 – Intermediate Macroeconomic Theory
4 semester hours
Gwinn, Lawrence

Prerequisites:  ECON 190, ECON 205, and MATH 120 or its equivalent.
This course builds on the ideas presented in ECON 190 and ECON 205 and develops in greater detail models that analyze the national economy, with an emphasis on the distinction between short-run and long-run equilibrium, and on the various schools of thought in Macroeconomics.  We discuss problems inherent in fiscal and monetary stabilization policy and their relationship to unemployment, inflation, and economic growth.  A good understanding of algebra is necessary.
ECON 320 – History of Economic Thought
4 semester hours
Wishart, David

Prerequisites: ECON 190 or equivalent.
This course critically examines the work of economic thinkers from ancient China through the early 20th century. The goal of this course is to both enable students to understand how the environment economic thinkers lived in influenced their analysis and to appreciate how economic thought has been refined and improved through the ages. The centerpiece of the course will continue to be a detailed textual analysis of Adam Smith’s classic work, An Inquiry into the Nature and Causes of the Wealth of Nations.  Readings will focus on original texts as much as possible throughout the course. Students will be expected to write a 10-15 page paper, write midterm and final exams, and participate actively in class discussions. The format for the course is lecture-discussion. This course is writing intensive.

ECON 360 – Industrial Organization
4 semester hours
Tiffany, Frederick

Prerequisites: ECON 280 or 310, or permission of the instructor.
This course will examine the economics of the firm, imperfect competition and market structure. The goal is to extend and deepen the student’s understanding of microeconomics and to apply it to real world situations. We will begin with a review of the standard theory of the firm in a perfectly competitive market, and then consider a variety of models of imperfect competition.
The course will have a lecture/discussion format. Students will be evaluated on the basis of two midterm examinations, and a final examination.

ECON 365 – Law and Economics
4 semester hours
Wishart, David

Prerequisites: ECON 310 or permission of instructor.
Law and Economics is a relatively new field that has emerged in the last 20 to 30 years. Prior to that, legal issues entered into economic analysis in only a few areas such as antitrust law, regulation of business, and tax policies. More recently, economists have begun to use their tools of analysis to explore areas such as property law, contract law, torts, as well as criminal law and procedure. The legal system is an institution. Institutions determine the incentives that people face. Economics has much to say about how people respond to incentives. A primary concern for those who work in the field of law and economics is to discover how legal rules should be established (or changed) in ways that structure incentives to promote economic efficiency. Clearly, law and economics is a field where microeconomic theory can be applied to good effect. We’ll explore the variety of ways that law and economic analysis can be used together to promote efficiency. Lecture/discussion format.
ECON 400 – Senior Seminar in Economics
4 semester hours
Tiffany, Frederick

Prerequisites: ECON 280 or 310, ECON 301 or 311, ECON 300, MATH 131 or 201, and senior standing. 
Econ 400 Course Description:

This capstone course for both the Economics and Financial Economics majors requires students to synthesize their knowledge of economics by applying rigorous economic analysis to contemporary policy issues or historical questions of interest.  Students will form two-person teams that will conduct a research project and write separate, but complementary, papers that together analyze their topic.  Students’ work will be expected to be of a quality that would allow them to use their paper as sample of their writing when seeking a job at a firm which performs economic analysis.  Classes will include a variety of activities, with significant time spent by teams presenting updates on their research and taking questions and suggestions from class members.  Grades will be based on the quality of the papers, presentations and other intermediate assignments, and class participation.  Seminar format.

  • © 2012 Wittenberg University
  • Post Office Box 720
  • Springfield, Ohio 45501
  • Ph: 800-677-7558
Translate This Page