Institutional Effectiveness Achievement Report
Economics and Finance: BS Economics 2014­2015 Institutional Effectiveness Achievements Report
Unit Head: Sean Salter
Reports to: College of Business
Mission:
To provide students with a foundation in the processes and institutions of the global economy. To introduce students to the analytical methodology of economics and finance
Use of Prior Results :
Student Learning Outcome:
1: Students will apply fundamental Economic
Principles to solve new problems. That is,
students will apply tools and techniques
developed from theory to real­world situations
and cases to derive meaningful results and
conclusions.
Measure 1:
1: B.S. Economics majors will score above
the national average of the Major Field Test in
Business and Economics.
Person(s)
Responsible:
Sean Salter,
Interim Chair
Completion
Date:
06/30/2015
Analysis of Results for Measure 1. Supporting Document(s):
(include strengths & weaknesses):
Economics BS students scored an
average of 142.4 on the MFT. The
national average was 150.6. The goal
was not met.
Future
Actions
:Describe
Program
Changes
(adding a
course,
assignment,
project,
etc.):
Future
Actions
:Describe
Assessment
Changes
(measures
such as
rubrics,
exams,
diagnostic
instruments,
etc.):
Future
Actions
:Describe
any
additional
resources
needed
(Leave blank
if no
additional
resources
are
needed.):
Use of Prior Results :
Student Learning Outcome:
2: Students will apply Economic Principles to
international economic issues.
Measure 1:
1: Seventy­five percent of B.B.A. and B.S.
Economics majors will score at least 70
percent on the exams in ECON 4440
International Economics.
Person(s)
Analysis of Results for Measure 1.
Responsible: (include strengths & weaknesses):
Mamit Deme 100% of BBA and BS Economics
majors scored at least 70% on the
Completion exams in ECON 4440, International
Date:
Economics. The goal was met.
06/30/2015
Supporting Document(s):
Future
Actions
:Describe
Program
Changes
(adding a
course,
assignment,
project,
etc.):
Future
Actions
:Describe
Assessment
Changes
(measures
such as
rubrics,
exams,
diagnostic
instruments,
etc.):
Future
Actions
:Describe
any
additional
resources
needed
(Leave blank
if no
additional
resources
are
needed.):
Measure 2:
2: B.B.A. and B.S. Economics majors will
score above the Jones College of Business
average on the International Competencies
Exam.
Person(s)
Responsible:
Sean Salter,
Interim Chair
Completion
Date:
06/30/2015
Analysis of Results for Measure 2:
(include strengths & weaknesses):
For Fall 2014, BBA and BS
Economics majors scored 82 on the
International Competencies exam
(average was 71). For Spring 2015,
BBA and BS Economics majors
scored 78 on the International
Competencies exam (average
was70). The goal was met.
Use of Prior Results :
Student Learning Outcome:
3: Students will use Intermediate
Macroeconomic Theory and Intermediate
Microeconomic Theory to analyze new
problems and evaluate alternative outcomes.
That is, students will apply tools and
techniques developed from intermediate
theory to real­world situations and cases to
derive meanful results and conclusions.
Measure 1:
1: Seventy­five percent of B.B.A. and B.S.
Economics majors will score at least 70
percent on the final exam in ECON 3510
Intermediate Macroeconomic Theory.
Person(s)
Responsible:
Jason
DeBacker
Completion
Date:
06/30/2015
Analysis of Results for Measure 1.
(include strengths & weaknesses):
67% of BBA and BS Economics
majors scored at least 70% on the
final exam in ECON 3510,
Macroeconomic Theory. The goal
was not met.
Supporting Document(s):
Future
Actions
:Describe
Program
Changes
(adding a
course,
assignment,
project,
etc.):
Future
Actions
:Describe
Assessment
Changes
(measures
such as
rubrics,
exams,
diagnostic
instruments,
etc.):
Future
Actions
:Describe
any
additional
resources
needed
(Leave blank
if no
additional
resources
are
needed.):
Measure 2:
2: Seventy­five percent of B.B.A. and B.S.
Economics majors will score at least 70
percent on the final exam in ECON 3520
Intermediate Microeconomic Theory.
Report Date: Wed Aug 12 2015
16:18:13 CDT
Close
Person(s)
Analysis of Results for Measure 2:
Responsible: (include strengths & weaknesses):
Chris Klein
89.66% of BBA and BS Economics
majors scored at least 70% on the
Completion final exam in ECON 3520,
Date:
Microeconomic Theory. The goal
06/30/2015
was met.