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 Students will respond correctly to at least 70% of imbedded questions concerning opportunity cost in ECO 335, 374, 468, 480 |
| Finding | Assessing the Global Economy Students responded 65% correctly to embedded questions regarding the Global Economy |
| Action | Glaobal Economy across the curriculum Ensure that assessing the global economy is a component in the objective set for each course in the curriculum. |
| 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 Students will respond correctly to at least 70% of imbedded questions concerning opportunity cost in ECO 233, 234, 362, 463, 370 |
| Finding | Identifying Basic Institutions Students responded 71% correctly to embedded questions regarding the Basic Institutions of the U.S. Economy |
| Action | Institutions across the curriculum Ensure that Basic Institutions are components in the objective set for each course in the curriculum. |
| 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 Students will respond correctly to at least 70% of imbedded questions concerning opportunity cost in ECO 233, 234, 367 |
| Finding | Understanding Opportunity Cost Students responded 70% correct to embedded questions regarding the concept of Opportunity Cost |
| Action | Opportunity Cost across the curriculum Ensure that opportunity cost is a component in the objective set for each course in the curriculum. |
| 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 Students will respond correctly to at least 70% of imbedded questions concerning opportunity cost in ECO 233, 234, 367 |
| Finding | Understanding the Invisible Hand Students responded 66% correctly to embedded questions regarding the Invisible Hand of the Market |
| Action | Markets across the Curriculum Ensure that understanding of Market processes is a component in the objective set for each course in the curriculum. |