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Motlow State Community College
Program Student Learning Outcomes
Use of Assessment Results
Spring Semester 2013
Program Title: General Education, University Parallel Major
Course: ECON 2020 - Microeconomics
Expected Student Learning Outcomes:
Students will be able to:
1.
recognize and explain the significance of economics as an academic discipline and how it relates
to the social interactions between individuals, institutions, structures and processes in a diverse
society.
2.
analyze and communicate the methodology, values and processes that are used to formulate
general economic theories regarding the social context of individual and institutional behavior.
3.
appraise the relationship and behavioral interaction between the different economic players and the
impact that interaction has on social development and the quality of life for individuals, families and
communities.
4.
express an understanding of fundamental economic concepts associated with recognizing and
appreciating the cultural diversity of the society in which they live and how those concepts are
influenced and impacted by a global culture.
5.
define and discuss different economic systems existing in the world and how those systems interact
and affect the political, economic, cultural and social behavior of the different societies.
6.
discuss the microeconomic relationships existing between individuals, households, businesses
and governmental institutions, and the impact those relationships have on personal and social
behavior.
7.
analyze the microeconomic ramifications and impact of marketplace activities on the social behavior
of individuals, households, businesses and government.
8.
critically analyze the microeconomic functions of government and the impact it has on personal
behavior, social development and the general quality of life for all persons.
9.
recognize and describe basic microeconomic theory and pursuant policy making processes to
help them formulate their personal views and opinions concerning existing and/or proposed social
and behavioral state of affairs.
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 embedded examination
questions, as outlined in the information provided below.
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ECON 2020, Microeconomics
Embedded Examination
Questions
1. Briefly explain how a
capitalist systems works by
explaining the simple
circular flow.
Total Points
Eight points.
One point each for identifying the two players,
Households and Businesses.
One point each for identifying the two generic
marketplaces, Resource Markets and Products
Markets.
Expected Student
Outcomes
Student Learning
Outcomes
It is expected that
70% of all students
will successfully
pass by achieving
a minimum of
eight 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 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 explain what is exchanged in the
Resource Markets, i.e., recourses for money
income.
Two points for explaining what is exchanged in
the Products Markets, i.e., money income for
finished goods and services.
2. Briefly explain the basic
concepts of supply,
demand, and market
equilibrium (interaction of
“buyer” and “seller”).
Six points.
Two points for briefly explaining supply.
Two points for briefly explaining demand.
Two points for briefly explaining market
equilibrium (interaction of “buyer” and
“seller”).
3. Briefly explain the
behavior and decisions of
consumers and businesses
as illustrated in the “price
elasticity of demand” and
price elasticity of supply.”
Six points.
4. Explain “derived
demand” and identify the
three determinants of
resource demand.
Five points.
Three points for explaining the “price elasticity
of demand.”
Three points for explaining the “price elasticity
of supply.”
Two points for explaining “derived demand.”
One point each for identifying the three
determinants of demand: product demand,
productivity, prices of other resources.
5. Identify and briefly
explain the four basic
market structures/models
that exist in a capitalist
system.
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.
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The Chair of the Business and Technology Department will compile the data and prepare a report
concerning the results of the assessment based on the designated Student Learning Outcomes. The
report will be prepared and submitted as prescribed by the Director of Institutional Research, Planning
and Communication.
Effectiveness Standard: Reference the expected student outcomes identified in the aforementioned
information.
Assessment Results:
Spring 2013
Question
1
Sections
L01
L03, F05, M01 (ITV)
L05, F03, M03 (ITV)
L07
S01
S03
Passed/Failed
Passed/Failed
Passed/Failed
Passed/Failed
Passed/Failed
Passed/Failed
17/6
12/3
59/3
12/1
21/6
18/6
Analysis of Assessment Results for Question #1: A total of 164 students completed Question #1; 139 passed/25 failed for an
overall passage rate of 84.76%. The overall expected student outcome of 70% was achieved.
Corrective Action: No corrective action required.
2
20/3
11/7
60/27
10/3
20/3
19/4
Analysis of Assessment Results for Question #2: A total of 162 students completed Question #2; 140 passed/22 failed for an
overall passage rate of 86.42%. The overall expected student outcome of 70% was achieved.
Corrective Action: No corrective action required.
3
17/6
8/7
61/1
11/3
14/7
11/7
Analysis of Assessment Results for Question #3: A total of 153 students completed Question #3; 122 passed/31 failed for an
overall passage rate of 79.74 %. The overall expected student outcome of 70% was achieved.
Corrective Action: No corrective action required.
4
19/3
13/2
57/5
9/4
11/4
14/4
Analysis of Assessment Results for Question #4: A total of 152 students completed Question #4; 125 passed/27 failed for an
overall passage rate of 82.24%. The overall expected student outcome of 70% was achieved.
Corrective Action: No overall corrective action required.
5
15/7
13/2
58/4
12/1
12/3
14/4
Analysis of Assessment Results for Question #5: A total of 145 students completed Question #5; 124 passed/21 failed for an
overall passage rate of 85.52%. The overall expected student outcome of 70% was achieved.
Corrective Action: No corrective action required.
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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.
As part of the appraisal process, the Economics faculty met and completed an evaluation of the
assessment results. Based on that evaluation, the following actions were concluded and affirmed.
1.
Each question was reviewed and determined to be valid and pertinent to the study of
Microeconomics.
2.
Instructors will continue to emphasize the instructional content and material associated
with the assessment questions during regular classroom lecture and review sessions.
3.
Instructors will expand course outlines to more intently focus on the content to be
covered during the course.
4.
As appropriate and applicable, instructional notes and handouts will be provided in a
more timely manner.