Department of Business Economics

Business Economics 227
Professor John W. Sell
Fall 2011

Money and Capital Markets

This course studies markets: what they are, why they exist, and how they function. It emphasizes financial markets where the term "financial" is understood very broadly to include any transaction with promise of future performance. Specifically, we will look at money, insurance, real estate, stock, bond, and futures markets. An important part of our study will focus on market intermediaries -- individuals or firms that function to reduce transactions costs.

By the end of the first week of class, each student is expected to send me an e-mail confirming that s/he has found, read, and accepts the materials explained in this document.

To participate successfully in this course, it is essential that you have a good grasp of economic principles and present-value theory. For this reason, Economics 101 (at Wooster or its equivalent elsewhere) is a prerequisite for this course.

The course is conducted under the "Code of Academic Integrity" as printed in the Scot's Key. Each of you is expected to read this section by the end of the first week of class. Any questions concerning the Code's applicability to this course should be addressed promptly to me. You should also read the document, "Purposes, Expectations, and Priorities at Wooster." Your enrollment in this course beyond the first week certifies that you understand and accept the principles contained in this document as they apply to this course. If you are uncertain about this, discuss it with me by the end of the first week of class.

There will be two midterm examinations and a cumulative final examination. The final examination will be given during the final examination period which, for this class, is Wednesday, December 14, 2011 at 2:00pm. Course grades are interpreted consistently with the College Catalog and are determined solely on the basis of performance on the examinations and three short article reviews described separately. The weighting is as follows: midterm examinations (25% each); final examination (35%); article reviews (15%). There will be no make-up examinations. In the event that you should miss a midterm examination for a legitimate reason, the remaining midterm and final examination will count equally. Outside reading will also be assigned throughout the semester (a reading list will be distributed separately).

While class attendance is not mandatory, it is advisable since lecture material is not a simple summary of the required reading. If you choose to come to class, I and your colleagues expect you to arrive on time and to remain for the entire period.  This class meets TTh from 1:00 - 2:20pm.

Finally, if you are not satisfied with your performance in the class, please see me early in the semester. I can probably help you achieve better results, but only if I know of your problem soon enough.

Office Hours and Contact Methods

or, by e-mail

last update 16 August 2011 by Jws.