Economics Department Learning Outcomes (DLO)

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 Student Learning Outcome (SLO) (LDC)

Understanding SLO-1: Student writes a short-answer to explain how macroeconomics and microeconomics differ, citing examples for both.

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 Analysis 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 Student Level 1 Level 2 Level 3 Level 4 Category (LDC) not present Failing Passing Average to Very Good to Excellent (N/A) Good

Knowledge No evidence for Recalls some economic content and Identifies most Identifies significant economic knowledge definitions but not always accurately economic definitions, principles, definitions, methodologies and theories principles, accurately methodologies and theories accurately

Understand No evidence for Explains/demonstrates economic ideas, Explains Explains/demonstrates understanding concepts and principles with limited /demonstrates economic ideas, concepts and accuracy and irrelevant examples economic ideas, principles accurately and concepts and relevant examples principles with some accuracy and relevant examples Application No evidence for Applies economic knowledge and Applies economic Applies economic knowledge application concepts with little consistency or knowledge and and reasoning with accuracy concepts with consistently and accuracy some degree of consistently and accuracy

Analysis No evidence for Breaks down theories, models, graph, Breaks down Breaks down theories, models, analysis calculations, and arguments into their theories, graphs, calculations, and elements with difficulty models, graphs, arguments into their elements calculations, and with accuracy arguments into their elements with minimal difficulty

Synthesis No evidence for Integrates relevant knowledge from Integrates relevant Integrates relevant knowledge synthesis diverse economic perspectives with little knowledge from from diverse economic depth and breadth economic diverse perspectives with depth and perspectives with breadth some depth and breadth Evaluation No evidence for Determines with a minimal degree of Determines with Demonstrates ability to assess evaluation effectiveness some degree of the effectiveness of economic economic choices, polices, or theory in effectiveness choices, polices, or theory in problem solving economic choices, problem solving 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

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

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.