Department/Unit Economics College/School School of Management UNIVERSITY OF ALASKA FAIRBANKS Student Learning Outcomes Assessment Plan School of Management Bachelor of Business Administration (BBA) Economics Expanded Statement of Institutional Purpose MISSION: The School of Management prepares undergraduate and graduate students to meet the challenges facing business professionals in Alaska and around the world. SOM emphasizes clear communication, problem-solving and ethical awareness, while providing students with a sound understanding of business principles and techniques. The School of Management values practical and disciplinebased intellectual contributions and provides services to improve both student success and the economic health of Alaska. VISION: The School of Management will be recognized for high-quality educational programs, hands-on educational opportunities for students, service to the community and accomplished teaching and research faculty. The School of Management strives to be acknowledged as the premier business school in Alaska. Intended Objectives/Outcomes Assessment Criteria and Procedures Implementation (what, when, who) Instrument: Writing Assignments. Writing samples are collected from BA 462 (Corporate Strategy) and all “W” designated courses and stored for assessment at the Fall Faculty Assessment retreats. 1. Communication 1a. Written: Students should be able to develop a paper using cogent arguments or opinions on topics pertaining to current field of study. Rubric: The writing rubric covers 6 components and is located within SOM. Min. Standard: 70% of students need to meet or exceed expectations. 1a. Oral: Students should be able to deliver a professional Powerpoint presentation and field questions related to presentation with confidence and poise. Instrument: Oral Presentations. Rubric: The Oral rubric covers 10 dimensions and is located within SOM. Min. Standard: 70% of students scoring at least satisfactory. 2. Critical Thinking: Students should be able to use critical thinking to solve problems and identify pertinent issues and provide alternative solutions. Instrument: Case Study. Rubric: The critical thinking rubric covers 3 dimensions and is located within SOM. Min. Standard: 70% of students scoring at least satisfactory. Oral presentations are filmed in BA 462 (Corporate Strategy) and all “O” designated courses are stored for assessment at the Fall Faculty Assessment retreats. The next assessments for communication are scheduled for 2011, 2013 and 2015. Case study given in BA 307 (Human Resources Management), data collected and stored for assessment at the Fall Faculty Assessment retreats. The next assessments for critical thinking are scheduled for 2012, 2014 and 2015. Department/Unit Economics 3. Ethical Knowledge: Students should be able to identify an ethical dilemma and distinguish between legal, illegal, ethical, and unethical behavior. College/School School of Management Instrument: Case Study. Rubric: The critical thinking rubric covers 4 options and is located within SOM. Case study given in BA 307 (Human Resources Management) and BA 447 (Compensation Management), data collected and stored for assessment at the Fall Faculty Assessment retreats. Min. Standard: 70% of students being able to pick out the correct answer. The next assessments for ethical knowledge are scheduled for 2012, 2014 and 2015. Instrument: Embedded Essay Question. Instructors in Econ 324 (Intermediate Microeconomics) and Econ350 (Money and Banking) will embed one essay question for the students that compares and contrasts the use of fiscal and monetary policy to reduce the peaks and valleys of the business cycle each semester and record answers to be assessed by a committee of economic faculty at the Fall Faculty Assessment retreats. 4. Technical Knowledge: 4a. Macroeconomics: Students should be able to recognize, understand and differentiate between key macroeconomic theories that explain thoughts on how to reduce the negative effects of business cycles (such as monetary and fiscal policy). 4b. Microeconomics: Students should be able to understand and verbalize gains from free market exchange of goods and services by use of key measures such as Consumer Surplus (CS) and Producer Surplus (PS). 4c. Business Knowledge: Students should be able to demonstrate an acceptable level of understanding in economics. Rubric: The rubric is located within SOM. Min. Standard: Econ students will score in the top 30% of class. Instrument: Embedded Essay Question. Rubric: The rubric is located within SOM. Min. Standard: Econ students will score in the top 30% of class. Instrument: The ETS exam. Rubric: Number of correct answers. Min. Standard: 60th percentile. Instructors in Econ 321 (Intermediate Microeconomics) and Econ 351 (Public Finance) will embed one essay question using Consumer Surplus (CS) and Producer Surplus (PS) in their exams each semester and record answers to be assessed by a committee of economic faculty at the Fall Faculty Assessment retreats. The ETS exam is given each year in BA 462 (Corporate Strategy). Students’ performance on ETS to be assessed by a committee of economic faculty at the Fall Faculty Assessment retreats.