Economics

Economics Learning Outcomes

As one of many methods of assuring that the goals of our educational mission are successfully met, the college regularly and systematically engages in the assessment of a variety of competencies. As part of this assurance of learning, each program defines and collects data on learning goals; statements of the knowledge, skills and attitudes that we want our graduates to possess. We use them for continuous improvement and they are the criteria on which organizations such as AACSB evaluate our accreditation. The following is the current Learning Goal for the Business Economics Major along with the goals for the Undergraduate Business Core.

Apply the standard analytical tools of applied economic analysis to business situations.

Below are the specific learning outcomes assessed to help determine if students meet the above outcome.

Learning Outcomes

  • Apply the concept of opportunity cost
  • Employ marginal analysis for decision making
  • Analyze operations of markets under varying competitive conditions
  • Analyze causes and consequences of unemployment, inflation and economic growth

Undergraduate Business Core Learning Goals

  1. Apply effective written and oral communication skills to business situations.
  2. Analyze the global business environment.
  3. Analyze the local business environment.
  4. Use critical thinking skills in business situations.
  5. Apply an ethical understanding and perspective to business situations.