Raymond Wojcikewych

Associate Professor

Baker Hall 205
(309) 677-3286

Ph.D., Economics, Pennsylvania State University
M.A., Economics, Pennsylvania State University
B.A., Economics, University of Scranton

Professional Experience


  • AAUP.
  • American Economic Association.
  • Beta Gamma Sigma.
  • Missouri Valley Economic Association.
  • Omicron Delta Epsilon.


  • ECO 222 Principles of Macroeconomics
  • ECO 300 Economics Colloquium for Juniors
  • ECO 301 Money and Banking
  • ECO 608 US Business Cycles in the International Economy


Refereed Journal Articles

  • Highfill, J. K., Wojcikewych, R. Exchange Rate Offer Curves: Two Examples from the Headlines. To appear in Journal of Economics and Economic Education Research.
  • Highfill, J.K., Wojcikewych, R. “Currency Offer Curves:  Going Beyond Supply and Demand Graphs in Teaching Exchange Rates,” Academy of International Business UKI proceedings, Dublin Ireland. (April 2010).
  • Highfill, J.K., Wojcikewych, R. “The Stock Market: A Steady View in Volatile Times,” Journal of International Business and Cultural Studies. (February 2009).
  • Highfill, J.K., Wojcikewych, R. “US Asset Prices and Net Foreign Capital Flows: A Macroprinciples Approach,” Journal of Business and Behavioral Science. (December 2008).

Presentations Given

  • Highfill, J. K., Wojcikewych, R., Regionalism & Globalism, "Currency Offer Cuves: Going Beyond Supply and Demand Graphs in Teaching Exchange Rates," Academy of International Business UKI, Dublin Ireland. (April 2010).
  •  Highfill, J. K., Wojcikewych, R., Missouri Valley Economics Association, "Going Beyond Supply and Demand Graphs in Teaching Exchange Rates," Kansas City MO. (October 2009).

Research in Progress

"Going Beyond Supply and Demand Graphs in Teaching Exchange Rates" (On-Going) A major sea change in the teaching of economics in recent years has been the internationalization of the curriculum.  In order to give students a tool for keeping things straight, many textbooks have resorted to supply and demand graphs, not infrequently using linear supply and demand functions.  The first section of the paper will illustrate the pedagogical problems with supply and demand graphs for exchange rate markets.  The second section of the paper introduces an innovative graph for teaching bilateral exchange rates.  The currency quantities are on the axes, and the exchange rate is the ratio between them, i.e., the slope of a ray from the origin.  The graph is used to illustrate several of the topics typically covered in the exchange rate unit.  The problems with maintaining fixed exchange rates are easily seen; central bank interventions can be illustrated in a straightforward manner.


  • Committee Member, Graduate Admissions Committee. (2001 - Present).
  • Committee Member, College Graduate Curriculum Committee. (September 2001 - Present).