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  • ECO 292: Intermediate Macroeconomic Theory

    1.00 Credits
    Wabash College

    The measurement, determination, and control of the level of economic activity. General equilibrium models are used to determine real output, employment, inflation, unemployment, exchange rates, and interest rates. The roles of fiscal and monetary policy are analyzed in their application to fluctuations in economic activity. Prerequisites: Economics 101 and Math 111, or consent of the department chair. w Mikek, Peter Credits: 1
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  • ECO 321: International Trade

    1.00 Credits
    Wabash College

    Examines the theory of international trade and its applications. Students will learn why nations exchange, what determines the patterns of production and trade across countries, and what the welfare implications of trade are for the world at large and for the domestic economy. Special topics include GATT, multinationals, protectionism, and Third-world debt. This course is offered in the fall semester, 2008. Prerequisites: Economics 251, Economics 253, Economics 291, or consent of the instructor. Credits: 1
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  • ECO 322: International Finance

    1.00 Credits
    Wabash College

    This course provides an introduction to international financial markets. Topics include forward, futures, and options markets, the balance of payments, models of exchange rate determination (including the phenomenon of exchange rate overshooting and speculative bubbles), and the efficacy of central bank intervention on exchange rates. Course materials include case studies of exchange rate policy under the Kennedy and Carter administrations as well as the European Monetary System (EMS). This course is offered in the spring semester, 2009. Prerequisites: Economics 292, and Economics 253 or the consent of instructor. Credits: 1
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  • ECO 331: Economics of the Public Sector

    1.00 Credits
    Wabash College

    An examination of the economic role of the public sector in the United States. Some of the general questions addressed include: When do markets fail to bring about desirable outcomes in the absence of government intervention Under what circumstances can governmental action improve economic outcomes What are the main features and economic effects of current government tax and expenditure programs By what principles should reform of these programs be guided This course is offered in the fall semester, 2008. Prerequisites: Economics 291 and Economics 253 or consent of instructor. Credits: 1
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  • ECO 332: Labor Economics

    1.00 Credits
    Wabash College

    Why do different people earn different wages What determines firms' demand for labor. What determines workers' labor supply Why has wage inequality increased Why does unemployment exist The purpose of this course is to answer these questions using both microeconomic theory and econometrics, and to apply this knowledge to questions of labor market policy. Topics addressed include the determinants of labor demand and supply, minimum wages, human capital, efficiency wages, and discrimination. This course is offered in the spring semester, 2009.Prerequisites: Economics 291 and Economics 253, or consent of the instructor. Credits: 1
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  • ECO 333: Industrial Organization and Control

    1.00 Credits
    Wabash College

    Extends Economics 291 by examining both the theoretical and the empirical analysis of imperfectly competitive firms. Particular emphasis is devoted to oligopoly theory and strategic behavior in which firms determine the best ways to compete with their marketplace rivals. Other topics include price discrimination, imperfect information, vertical restrictions such as resale price maintenance, and the role of innovation in market structure. This course is offered in the fall semester, 2008. Prerequisites: Economics 291 and Economics 251, Economics 253 or consent of the instructor. Credits: 1
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  • ECO 353: Topics in Econometrics

    1.00 Credits
    Wabash College

    An introduction to applied economic statistics and techniques for reaching sensible conclusions on the basis of empirical economic evidence. The course covers theoretical issues more rigorously than Economics 253, but also gives students hands-on experience with sophisticated econometric software. Topics covered include: simple and multiple linear regressions, autocorrelation and heteroscedasticity, time series and forecasting, simultaneous equations, and qualitative response models. Numerous empirical exercises and a significant empirical paper are among requirements of the course. This course is irregularly scheduled. Prerequisites: Economics 291, 253, 251, or consent of instructor. Mathematics 223 (Linear Algebra) recommended. Credits: 1
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  • ECO 361: Corporate Finance

    1.00 Credits
    Wabash College

    This course applies economic theory to analyze financial decisions made by corporations. These decisions include what real assets to invest in and how to raise the funds required for these investments. The analysis concentrates on the roles of the timing of cash flows, the risk of cash flows, and the conflicts of interest between the various actors in the world of corporate finance. Special attention is paid to stocks, bonds, dividends, and options. Extensive use is made of financial data and spreadsheets. This course is offered in the spring semester, 2009. Prerequisites: Economics 251, 253, 291, or consent of instructor. Credits: 1
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  • ECO 362: Money and Banking

    3.00 Credits
    Wabash College

    An introduction to financial markets and the assets traded therein with an emphasis on the role and function of commercial banks is followed by an examination of the practical problems, successes, and failures of the Federal Reserve System in executing monetary and credit policies in the recent past. This course is offered in the fall semester, 2008. Prerequisites: Economics 292 and 253 or consent of instructor. w Mikek, Peter Credits: 1
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  • ECO 363: Topics in Macroeconomics

    1.00 Credits
    Wabash College

    Featuring macroeconomic policies and issues, this course includes the study of business cycles, the economics of government deficits and debt, case studies in macroeconomic policy, and macroeconomic forecasting. This course is irregularly scheduled. Prerequisites: Economics 292, 253, and 251. Credits: 1
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