DLO-1: Analyze, apply, and communicate basic economic principles, policies, theories, models, and analytical methods in macroeconomics, microeconomics, and environmental economics.
DLO-2: Identify and solve economic problems, assess results, and determine alternative courses of action using various economic tools.
DLO-3: Analyze, evaluate, and synthesize different schools of economic thought from primary and secondary sources to resolve basic economic questions in a variety of economic systems.
DLO-4: Examine the relevant benefits and costs of domestic and international economic policy choices, recognizing arguments presented, and construct alternative policy outcomes.
DLO-5: Evaluate, analyze, and communicate private and public decision-making processes, contemporary and historical socioeconomic issues, and the fundamental role that economic forces play in domestic and global economies.
DLO-6: Recognize economics as inextricably intertwined with politics and history, business and markets, governments and global economies, as well as social and cultural institutions.
Understanding
SLO-1: Student writes a short-answer to explain how macroeconomics and microeconomics differ, citing examples for both.
Analysis
Analysis
SLO-2: Student draws a demand curve to demonstrate a shift in demand and draws another demand curve to demonstrate movement, citing examples for both.
SLO-3: Student draws a supply and demand diagram to illustrate how changes in demand and supply impact a market equilibrium price and quantity, citing reasons for each shift.
Learning
Domain
Category (LDC)
Knowledge
Understand
Student not present (N/A)
Level 1
Failing
No evidence for knowledge
No evidence for understanding
Level 2
Passing
Recalls some economic content and definitions but not always accurately
Explains/demonstrates economic ideas, concepts and principles with limited accuracy and irrelevant examples
Level 3
Average to Good
Identifies most economic definitions, principles, methodologies and theories accurately
Explains /demonstrates economic ideas, concepts and principles with some accuracy and relevant examples
Level 4
Very Good to Excellent
Identifies significant economic definitions, principles, methodologies and theories accurately
Explains/demonstrates economic ideas, concepts and principles accurately and relevant examples
Application No evidence for application
Analysis
Synthesis
Evaluation
No evidence for analysis
No evidence for s ynthesis
No evidence for eval uation
Applies economic knowledge and concepts with little consistency or accuracy
Breaks down theories, models, graph, calculations, and arguments into their elements with difficulty
Integrates relevant knowledge from diverse economic perspectives with little depth and breadth
Determines with a minimal degree of effectiveness economic choices, polices, or theory in problem solving
Applies economic knowledge and concepts with some degree of consistently and accuracy
Breaks down theories, models, graphs, calculations, and arguments into their elements with minimal difficulty
Integrates relevant knowledge from economic diverse perspectives with some depth and breadth
Determines with some degree of effectiveness economic choices, polices, or theory in problem solving
Applies economic knowledge and reasoning with consistently and accuracy
Breaks down theories, models, graphs, calculations, and arguments into their elements with accuracy
Integrates relevant knowledge from diverse economic perspectives with depth and breadth
Demonstrates ability to assess the effectiveness of economic choices, polices, or theory in problem solving
ECON- 201, Principles of Macroeconomics
LDC: Understanding
SLO-1
The economics student learning outcomes (SLO) specify an action by the student that must be observable, measurable and be able to be demonstrated. The SLO information serves to help the Economics Department understand how to better facilitate learning and provides a means to measure learning based outcomes beyond course letter grades.
Short-Answer: How does macroeconomics differ from microeconomics? Give an example of a macroeconomic issue and a microeconomic issue.
ECON- 201, Principles of Macroeconomics
LDC: Analysis
SLO-2
The economics student learning outcomes (SLO) specify an action by the student that must be observable, measurable and be able to be demonstrated. The SLO information serves to help the Economics Department understand how to better facilitate learning and provides a means to measure learning based outcomes beyond course letter grades.
Short-Answer: Draw a demand curve to demonstrate a shift in demand and on anther graph demonstrate movement along the demand curve, citing examples for both.
ECON- 201, Principles of Macroeconomics
LDC: Analysis
SLO-3
The economics student learning outcomes (SLO) specify an action by the student that must be observable, measurable and be able to be demonstrated. The SLO information serves to help the Economics Department understand how to better facilitate learning and provides a means to measure learning based outcomes beyond course letter grades.
Short-Answer: Draw a supply and demand diagram. Use it to illustrate how changes in demand and supply impact a market equilibrium price and quantity, citing reasons for each shift.