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2018-2019 Catalogue [ARCHIVED CATALOG]
Course Descriptions
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Course Numbering
The College of Wooster uses a five-digit course numbering system. The first three digits indicate the primary course number. The next two digits are the secondary course number and indicate whether there is a special focus for the course. For example:
The first letters are the department or program abbreviation. The next three digits are the primary course number (101 is the primary course number for all Introduction to Historial Study courses). The last two digits are the secondary course number. These two digits indicate that the special focus for this HIST 101 course is The History of Islam. A course with a given three-digit primary course number can only be taken once for credit unless specifically indicated otherwise by the department.
The following policy has been used in assigning primary course numbers:
- 100-level courses are usually introductory courses; some 100-level courses do have prerequisites, and students are advised to consult the description for each course.
- 200-level courses are usually beyond the introductory level, although many 200-level courses are open to first-year students and to majors and non-majors.
- 300-level courses are seminars and courses primarily for majors but open to other students with the consent of the instructor.
- The following numbers are for Independent Study: I.S. 40100 (Junior Independent Study), I.S. 45100 and I.S. 45200 (Senior Independent Study).
In addition to the regular course offerings, many departments offer individual tutorials under the number 40000 and internships under 41000. On occasion, departments will offer a course on a special topic as approved by the Educational Policy Committee, designated 19900, 29900, or 39900.
Abbreviation
In keeping with the general education requirements of the College’s curriculum
(see Degree Requirements ), course listings employ the following abbreviations:
W Writing Intensive
C Studies in Cultural Difference
R Religious Perspectives
Q Quantitative Reasoning
AH Learning Across the Disciplines: Arts and Humanities
HSS Learning Across the Disciplines: History and Social Sciences
MNS Learning Across the Disciplines: Mathematical and Natural Sciences
Except where otherwise noted, all courses carry one course credit.
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Economics |
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ECON 10100 - Principles of Economics Course Credit: 1
(BUEC, GLIS, URBN)
PRINCIPLES OF ECONOMICS An introductory study of the fundamental principles of the operation of the market system, the determination of national income, and the role of money in the economy. Annually. Fall and Spring. [HSS, Q]
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ECON 11000 - Quantitative Methods Course Credit: 1
(BUEC, GLIS, URBN)
QUANTITATIVE METHODS FOR ECONOMICS AND BUSINESS An introduction to analytical decision-making and its role in business and economic policy. The course includes a discussion of the limitations of quantitative methods and illustrates various techniques with computer applications. Prerequisite(s): ECON-10100 [HSS, Q]
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ECON 20100 - Intermediate Micro Economic Theory Course Credit: 1
(BUEC, GLIS)
INTERMEDIATE MICROECONOMIC THEORY The theory of the firm and the industry; the analysis of price determination under market conditions, ranging from pure competition to monopoly; resource allocation. Prerequisite(s): ECON-10100 and MATH-10400 (or MATH-10800 or MATH-11000)(May be taken concurrently); MATH-10400, MATH-10800, or MATH-11100. May be taken concurrently. Annually. Fall and Spring. [HSS]
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ECON 20200 - Intermediate Macro Economic Theory Course Credit: 1
(BUEC, GLIS)
INTERMEDIATE MACROECONOMIC THEORY An analysis of the theory of national income determination, employment, and inflation, including a study of the determinants of aggregate demand and aggregate supply. Prerequisite(s): ECON-10100, sophomore standing, or permission of the instructor. Annually. Fall and Spring. [HSS]
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ECON 20500 - History & Philosophy of Economic Thought Course Credit: 1
HISTORY AND PHILOSOPHY OF ECONOMIC THOUGHT An analysis of the development of economic thought and method, with emphasis on the philosophical bases and historical context for alternative schools of thought. The course will examine the important characteristics of alternative schools of thought (e.g., Marxist, neoclassical, institutional), and will consider the implications of these alternative schools for economic research and policy. Prerequisite(s): ECON-10100 [HSS, W]
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ECON 21000 - Applied Regression Course Credit: 1
(BUEC, GLIS, URBN)
APPLIED REGRESSION Application of multiple regression analysis to economics. Particular attention is paid to identifying and correcting the violations of the basic model. Consideration of special topics, including time series analysis, limited dependent variables, and simultaneous models. Prerequisite(s): ECON-11000 Annually. Fall and Spring.
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ECON 23200 - Labor Economics Course Credit: 1
LABOR ECONOMICS An application of economic theory to the labor market, with particular emphasis on the U.S. labor market. Topics include: labor demand, labor supply, human capital theory, theories of labor market discrimination, unions, and inequality in earnings. Prerequisite(s): ECON-10100 [HSS]
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ECON 24000 - Environmental and Natural Resource Economics Course Credit: 1
(ENVS)
ENVIRONMENTAL AND NATURAL RESOURCE ECONOMICS An examination of the economic use of natural resources in society: the economic implications of finite resource supplies, renewable resource supplies, and the use of environmental resources with consideration of policy options regarding optimal resource use. Prerequisite(s): ECON-10100 [HSS]
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ECON 24500 - Economics of Gender Course Credit: 1
(WGSS)
ECONOMICS OF GENDER An investigation of the relationships between economic institutions (e.g., labor force, family, and government) and the role of women in our society, and the implications of the changing role of women for institutional change. Focus on the way traditional tools of economic analysis have been used to address issues that affect women’s economic status, and on feminist critiques of these methods. Prerequisite(s): ECON-10100 Fall. [HSS]
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ECON 25100 - International Trade Course Credit: 1
(GLIS)
INTERNATIONAL TRADE An examination of the basis for international trade. Evaluation of the distributional effects of trade and alternative trade policies. Analysis of free trade areas and economic integration, including the European Union and NAFTA. Prerequisite(s): ECON-10100 Fall. [HSS]
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ECON 25400 - Economic Development Course Credit: 1
(GLIS)
ECONOMIC DEVELOPMENT This course will introduce students to the various economic schools of thought concerning the process of economic development. Traditionally economic development has been associated with increasing GDP per capita but this vision has broadened to incorporate, marxists, humanists, gender-aware economists, environmentalists, economic geographers, as well as mainstream neo-classical economists. A political economy approach that incorporates political, social, as well as economic factors affecting development will be the main focus of the course. Prerequisite(s): ECON-10100 Annually. Spring. [HSS]
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ECON 26100 - Urban Economics Course Credit: 1
(URBN)
URBAN ECONOMICS An analysis of economic activity in the spatial context of urban areas from the perspective of inefficient resource allocation resulting from externalities; theories of industrial location, land use, housing markets; application of models to urban problems of growth, land use, slums, ghettos, transportation, pollution, and local government, etc., with consideration of alternative policy options. Prerequisite(s): ECON-10100 Annually. Spring. [HSS]
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ECON 26300 - Law & Economics Course Credit: 1
LAW AND ECONOMICS An examination of law and legal institutions from the perspective of economics. Economics is used to explain aspects of common and statute law, and legal cases illustrate economic concepts. Prerequisite(s): ECON-10100 [HSS]
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ECON 26800 - Health Economics Course Credit: 1
HEALTH ECONOMICS An application of economic theory to the market for medical care and health insurance. Other topics include the role of government in these markets, health care reform, and international comparison of health care systems. Prerequisite(s): ECON-10100 [HSS]
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ECON 29900 - Special Topics in Economics Course Credit: 1
SPECIAL TOPICS IN ECONOMICS A course designed to explore an application of economic analysis to a contemporary economic issue. May be repeated. Prerequisite(s): ECON-10100
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ECON 29904 - Money and Banking Course Credit: 1
Money and Banking Money and Banking emphasizes the financial system, financial institutions, central banks, monetary policy and financial stability. The course studies the role that money and interest rates play in the operation of the U.S. economy. Prerequisite(s): ECON-10100
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ECON 31500 - Public Finance Course Credit: 1
PUBLIC FINANCE An investigation of the economics of the public sector to determine an optimum level and structure of the revenues and expenditures of government; includes the relation between government and the private sector, the theory of public goods and collective decision-making, cost-benefit analysis, the structure and economic effects of various taxes, and inter-governmental relations among federal, state, and local governments. Prerequisite(s): ECON-20100 Annually. Spring.
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ECON 32000 - Industrial Organization Course Credit: 1
INDUSTRIAL ORGANIZATION An application of microeconomic theory to firms and industries. Topics include market structure, pricing practices, advertising, antitrust, and public policy. Prerequisite(s): ECON-20100
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ECON 32500 - Agency Economics Course Credit: 1
AGENCY IN ECONOMICS This course surveys how economists have studied and conceptualized individual and group agency-or the capacity for human beings to make choices and to impose those choices on the world around them. Topics examining the main insights from Classical, Evolutionary, Behavioral, and Experimental Game Theory are explored. Additional topics survey the principle findings and implications of Behavioral Economics, Neuroeconomics, and Behavioral Finance for Economics and related social sciences. Prerequisite(s): ECON-20100 (Intermediate Micro Economic Theory)
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ECON 33500 - Monetary Economics Course Credit: 1
MONETARY ECONOMICS The role of money and the nature of the Federal Reserve’s management of the monetary system are examined in the context of the U.S. financial system and economy. Topics include the term structure of interest rates, economic effects of banking regulations, formulation and execution of monetary policy, and transmission channels through which monetary policy affects employment and inflation. Prerequisite(s): ECON-20200
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ECON 35000 - International Finance Course Credit: 1
(GLIS)
INTERNATIONAL FINANCE An analysis of the international financial system and policy issues related to world economic interdependence. Topics include exchange rate determination, balance of payments adjustments, monetary and fiscal policies in the open economy. European Monetary Union and issues of development and transition are also included. Prerequisite(s): ECON-20200
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ECON 39900 - Spc Tps in Advanced Economic Analysis Course Credit: 1
SPECIAL TOPICS IN ADVANCED ECONOMIC ANALYSIS A seminar designed for the advanced major. Topics will reflect new developments in the economics discipline. May be repeated. Prerequisite(s): ECON-20100 or ECON-20200
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ECON 40000 - Tutorial Course Credit: 0.25
Maximum Credit: 1
TUTORIAL May be repeated.
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ECON 40100 - Independent Study Course Credit: 1
(GLIS)
JUNIOR INDEPENDENT STUDY A one-semester course that focuses upon the research skills, methodology, and theoretical framework necessary for Senior Independent Study. Prerequisite(s): ECON-11000 (or MATH-22900); ECON-21000 (or MATH-32900); and either ECON-20100 or ECON-20200. ECON-21000 may be taken concurrently. Annually. Spring.
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ECON 45100 - Independent Study Thesis Course Credit: 1
(GLIS)
SENIOR INDEPENDENT STUDY–SEMESTER ONE The first semester of the Senior Independent Study project, in which each student engages in creative and independent research guided by a faculty mentor and which culminates in a thesis and an oral examination in the second semester. Prerequisite(s): ECON-40100 Annually. Fall and Spring.
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ECON 45200 - Independent Study Thesis Course Credit: 1
(GLIS)
SENIOR INDEPENDENT STUDY–SEMESTER TWO The second semester of the Senior Independent Study project, which culminates in the thesis and an oral examination. Prerequisite(s): ECON-45100 Annually. Fall and Spring.
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