SACS Reaffirmation
| Objective | Assess The Increasing Integration Of The Global Economy | |
| The increasing integration of the U.S. economy with the rest of the world affects the well-being of consumers and business firms here and abroad. To assess these effects requires an understanding of conditions leading to economic development and the distribution of gains from international trade and investment. Associated Goals: Outstanding Program In Economics |
| Indicator | Assessing The Global Economy Pass rate in ECO 335, 374, 468, 480 |
| Criteria | Assessing the Global Economy 75% of students will aattain a "C" or better in ECO 335, 374, 468, 480 |
| Finding | Integration of the Global Economy 78% of students attained a "C" in ECO 335, 374, 468, 480 |
| Action | Increasing Integration of the Global Economy Use embedded questions instead of pass rates |
| Objective | Identify The Basic Institutions Of The U.S. Economy | |
| Government influences markets and outcomes through policy initiatives. The student should be able to describe the effects of monetary and fiscal policy and to assess the consequences of government regulation of economic activities. Associated Goals: Outstanding Program In Economics |
| Indicator | Identifying Basic Institutions Pass rate in ECO 233, 234, 362, 463, 370 |
| Criteria | Identifying Basic Institutions 75% of students will attain a passing grade in ECO 233, 234, 362, 463, 370 |
| Finding | Identifying Basic Institutions 70% of students in ECO 233, 234, 362, 463, 370 have attained "C" in this course |
| Action | Identify The Basic Institutions Use embedded questions instead of pass rates |
| Objective | Understanding Opportunity Cost | |
| Economics is the study of the best allocation of scarce resources to meet unlimited wants. Making good decisions is key to economic reasoning; good decisions require an understanding of opportunity cost. Associated Goals: Outstanding Program In Economics |
| Indicator | Understanding Opportunity Cost Pass rate in ECO 233, 234 |
| Criteria | Understanding Opportunity Cost 75% of students will attain a grade of "C" or better in ECO 233, 234 |
| Finding | Understanding Opportunity Cost 68% of students attained a grade of "C" or better in ECO 230, 233, 234 |
| Action | Understanding Opportunity Costs Adopt embedded questions instead of passing rates |
| Objective | Understanding The Invisible Hand Of The Market | |
| Prices and the market system act with very little intervention to coordinate the production and consumption decisions of thousands of firms and millions of consumers. An understanding of the market system is fundamental to good decision making, in business and in life. Associated Goals: Outstanding Program In Economics |
| Indicator | Understanding The Invisible Hand Of The Market Pass rate in ECO 233, 234, 367 |
| Criteria | Understanding The Invisible Hand Of The Market 75% of students will attain a grade of "C" or better in ECO 233, 234, 367 |
| Finding | Understanding the Invisible Hand 68% of students attained "C" or better in ECO 233, 234, 367 |
| Action | Understanding the Invisible Hand of the Market Use embedded questions instead of pass rates |