Page 1 of 3 Motlow State Community College Program Student Learning Outcomes Use of Assessment Results Spring Semester 2015 Program Title: General Education, University Parallel Major Course: ECON 2020 - Microeconomics Expected Student Learning Outcomes: Students will be able to: 1. Students will demonstrate an understanding of fundamental business and/or technology related concepts and strategies. 2. Students will demonstrate an understanding of fundamental managerial concepts and strategies. 3. Students will demonstrate an understanding of fundamental macroeconomics and microeconomics as they relate to social and business economic applications. 4. Students will demonstrate an understanding of fundamental computer and/or information systems hardware and software applications in a business or technology environment. 5. Students will demonstration the ability to apply mathematical, quantitative, and information processing skills in problem solving and analysis, and presentation of data in a business and/or technology environment. 6. Students will demonstrate a fundamental understanding of how legal and regulatory systems affect business decision making. 7. Students will demonstrate an understanding of the principles of written and oral communications. 8. Students will demonstrate familiarity with social responsibility issues as they relate to technology and business ethics, cultural diversity and global and environmental concerns. 9. Students will demonstrate familiarity with the cultural and social aspects of the human experience. 10. Students will demonstrate an understanding of the value of natural diversity and the impact of scientific discovery on human behavior. 11. Students will demonstrate an understanding of political, geographic, economic, social, cultural and intellectual institutions, structures, and processes across a range of historical periods and cultures. Performance Measure(s): ECON 2020, Microeconomics, will be assessed during each spring semester in accordance with, and as required by, the institution’s general education core assessment schedule. The method of assessing the expected student learning outcomes will be the use of imbedded examination questions, as outlined in the information provided below. ECON 2020, Microeconomics Imbedded Examination Questions 1. Briefly how a capitalist systems works by explaining the simple circular flow Total Points 8 points. One point each for identifying the two players, Households and Businesses. Expected Student Outcomes It is expected that 70% of all students will successfully pass by achieving a minimum of six points. Student Learning Outcomes 1,2,3,4,5,6,7,8,9 Page 2 of 3 One point each for identifying the two generic marketplaces, Resource Markets and Products Markets 2. Briefly explain basic concepts of supply, demand, and market equilibrium (interaction of "buyer" and "seller") Two points for explaining what is exchanged in the Products Markets, i.e. money income for finished goods and services. 6 points. Two points for briefly explaining supply. It is expected that 70% of all students will successfully pass by achieving a minimum of four points. 1,2,3,4,5,6, 7,8,9 It is expected that 70% of all students will successfully pass by achieving a minimum of four points. 1,2,3,4,5,6,7,8,9 It is expected that 70% of all students will successfully pass by achieving a minimum of three points. 1,2,3,4,5,6,7,8,9 It is expected that 70% of all students will successfully pass by achieving a minimum of four points. 1,2,3,4,5,6,7,8,9 Two points for briefly explaining demand. 3. Briefly explain the behavior and decisions of consumers and businesses as illustrated in the "price elasticity of demand" and "price elasticity of supply". 4. Explain "derived demand" and identify the three determinants of resource demand. 5. Identify and briefly explain the four basic market structures/models that exist in a capitalist system. Two points for briefly explaining market equilibrium (interaction of "buyer" and "seller"). 6 points. Three points for explaining the "price elasticity of demand". Three points for explaining "price elasticity of supply". 5 points. Two points for explaining "derived demand". One point each for identifying the three determinants of demand: product demand, productivity, prices of other resources. 12 points. One point each for identifying the four basic market structures/models: Pure Competition, Monopolistic Competition, Oligopoly, & Monopoly. Two points each for briefly explaining each of the basic market structures/models Effectiveness Standard: Reference the expected student outcomes identified in the aforementioned information. Page 3 of 3 Assessment Results: Spring 2015 Questions 1 Sections L03 L05 S01 S03 ITV-F03, L07, M05, S03 Passed/Failed Passed/Failed Passed/Failed Passes/Failed Passed/Failed 18/2 28/2 13/3 17/7 13/4 Analysis of Assessment Results for Question #1: A total of 107 students completed Question #1; 89 passed/18 failed for an overall passage rate of 83.18%. The overall expected student outcome of 70% was achieved. Corrective Action: No corrective action required. 2 17/3 25/5 15/5 16/4 11/3 Analysis of Assessment Results for Question #2: A total of 104 students completed Question #2; 84 passed/20 failed for an overall passage rate of 80.77%. The overall expected student outcome of 70% was achieved. Corrective Action: No corrective action required. 3 16/4 24/6 13/5 15/4 7/3 Analysis of Assessment Results for Question #3: A total of 97 students completed Question #3; 75 passed/22 failed for an overall passage rate of 77.32 %. The overall expected student outcome of 70% was achieved. Corrective Action: No corrective action required. 4 15/5 22/8 12/4 17/3 11/3 Analysis of Assessment Results for Question #4: A total of 100 students completed Question #4; 77 passed/23 failed for an overall passage rate of 77.00%. The overall expected student outcome of 70% was achieved. Corrective Action: No overall corrective action required. 5 19/1 26/5 15/4 13/3 10/3 Analysis of Assessment Results for Question #5: A total of 98 students completed Question #5; 83 passed/15 failed for an overall passage rate of 84.69%. The overall expected student outcome of 70% was achieved. Corrective Action: No corrective action required. Note: Sections F01, L01 and M01 were not included as part of the assessments. The instructor for these sections had surgery in the middle of the semester and converted his classes to Independent Study. Use of Assessment Results: As described under Assessment Results, the Performance Measures for the Expected Student Outcomes have been met and the overall Program Learning Student Outcomes for the General Education course Economics 2020, Microeconomics, have been achieved. Results for the Economics 2020 Fall 2015 semester are above the expected outcome of 70% pass rate in each of the five embedded questions. Faculty will continue to give increased emphasis on content to be covered during the course.