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Course Criteria
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3.00 Credits
An investigation of the economic factors determining consumer behavior, production, pricing, and market structures in a partial equilibrium framework. Theories of distribution, welfare criteria, and general equilibrium are examined. Prerequisite: ECO 110 and MAT 140 or equivalent.
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3.00 Credits
Study of resources allocation, income distribution, natural environment capital, and socioeconomic consequences of tourism activities. Course topics focus on site observations and case studies of major tourist destinations included in Centre college's foreign study program based in the Yucatan. Prerequisite: ECO 110 for ECO 457. ECO 356 Law & Economics: American Colonialism This course examines Hawaii as a microcosm of economic development in the face of political, cultural and environmental tensions. Students discover the history of our 50th state and how that history shaped the fate of native cultures and natural resources. Case studies include Hawaiian independence movements, coffee agriculture, ecotourism, environmental sustainability, and the political economy of Hawaii. EDU 224 Fine Arts in the Elementary School-Content and Methods This course deals with Kentucky's Fine Arts Core Content as it relates to the visual arts (two-dimensional, three-dimensional, processes, elements and design principles), to music (elements and principles) and to movement (dance and rhythm). Fine arts from different cultures, periods, and styles are included. The foci of the course is 1) theories on how children learn the fine arts, 2) teaching fine arts concepts and skills to children, 3) creation and performance in the fine arts, and 4) integrating fine arts into the elementary classroom and curriculum. Prerequisite: HUM 110 & 120; EDU 227, or 228, or concurrently. Open only to elementary education majors.
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3.00 Credits
A study of accounting fundamentals leading to an analysis of of how accounting data is created and used. Particular emphasis is placed on the integral structure between income statements, cash flow statements, and balance sheets. Students learn the language of business and how to read and interpret financial statements.
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3.00 Credits
A study of financial techniques used by professionals to manage a business. Managerial accounting topics include: information and management decision systems, cost accounting, capital investment decisions, financial budgeting, planning, cost control, performance measurement, and internal control. Prerequisite: ECO 260.
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3.00 Credits
Comparative study of various economic systems, with major emphasis upon free-market capitalism, managed capitalism, and socialism. In this context, four perspectives are analyzed - Classical Liberal, Modern Liberal, Radical, and Conservative. Topics include efficiency, equality, liberty, democracy, economic growth, stability, inflation and unemployment, labor and industry, discrimination, gender, education, the environment, and economic democracy. Prerequisite: ECO 110.
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3.00 Credits
Analysis of urban and regional economics with focus on existing and alternative private and public policies to deal with socioeconomic problems. Topics include local government finance; housing; transportation; pollution; and factors determining the size, form, and location of cities. Prerequisite: ECO 110.
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3.00 Credits
Valuation of investment opportunities considering risk and return. Focus is on equity and fixed income securities, portfolio construction, and investment planning. Prerequisite: ECO 110; ECO 260 or permission of the instructor.
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3.00 Credits
An introduction to the economic analysis of legal issues. Case studies in medical malpractice, product liability, and the value of life. Other topics include dispute resolution, tort law, contract law, legal reform, patents, civil procedure, and the economics of criminal behavior. Prerequisite: ECO 110.
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3.00 Credits
This course deals with the foundations of finance, both in theory and in practice. Special emphasis is reserved for the two most important decisions taken by every firm: 1) the capital budgeting decision and 2) the financing decision. Risk measurement, evaluation, and management are integral parts of the course of study. Prerequisite: ECO 110 and ECO 260.
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3.00 Credits
An examination of problems associated with pollution and resource depletion. Students are introduced to the usefulness and limitations of welfare economics as a tool in improving the quality of life. Prerequisite: ECO 110.
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