Economics Department Learning Outcomes (DLO)

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Economics Department Learning Outcomes (DLO)

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.

Learning Domain Categories & Student Learning Outcomes

ECON-201, Principles of Macroeconomics

Learning Domain Category

(LDC)

Understanding

Student Learning Outcome (SLO)

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.

Assessment Rubric for Economics

This Rubric will be used to assess student learning outcomes based on learning domain categories using varying levels.

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.

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