Our goal is to have one of the best if not the best program in international business in the state of Texas.
Objective
Students Should Understand The Impact Of 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. Students should understand the impact of globalization on economic decision making.
Indicator
Correct Response Rate On Embedded Questions Concerning: The Integration Of The Global Economy
Questions about globalization of the U.S. economy and its consequences will be embedded in the final exams of ECON 3341, 3344, 4348, 4340.
Criterion
Correct Response Rate On Embedded Questions Concerning: The Global Economy
At least 70% of the students will respond correctly to embedded questions concerning the integration of the global economy in ECON 3341, 3344, 4348, 4340.
Finding
Criterion One Not Met
The weighted average proportion of question answered correctly was 65.5 percent. Further, 55.8 percent of students received a weighted score greater than seventy percent. The embedded questions come from ECON 3341 and ECON 4340.
Action
Learning Objective One Action
The MAT met with the instructors of record to discuss the results for this Learning Objective. The instructors agreed to spend more class time covering the core concepts and calculations required. The instructors discussed changing their approach when presenting economic effects of policy for large open economies. The assessment, during the next cycle, will include questions to determine the success of these changes on students' outcomes.
Objective
Students Should Understand The Financial And Economic Aspects Of Conducting Business Internationally
Multinational firms confront the challenges of operating in markets with different legal environments, currency systems, and institutions regulating trade and investment. Students should understand how these differences will affect the economic and financial decisions of the firm.
Indicator
Correct Response Rate On Embedded Questions Concerning: Financial And Economic Aspects Of Doing Business Internationally
Questions embedded in the final exams of FINC 4340, ECON 4348, 4340 will be used to assess students understanding of the financial and economic aspects of doing business globally.
Criterion
Correct Response Rate On Embedded Questions Concerning: The Financial And Economic Aspects Of Conducting Business Internationally
At least 70% of the students will respond correctly to embedded questions concerning the financial and economics impact of doing business globally. The questions will be embedded in the final exams of ECON 4348, 4340, and FINC 4340.
Finding
Criterian Two Not Met
Weighted equally between the two courses assessed, the average proportion of question answered correctly was 65.9 percent. Further, 40.2 percent of students received a weighted score greater than seventy percent. The embedded questions come from ECON 4340 and FINC 4340.
Action
Learning Objective Two Action
The MAT met with the instructors of record to discuss the results for this Learning Objective. FINC 4340 will introduce current events to focus on the application of the material and stress its relevance. In ECON 4340, the instructor will increase the time spent covering the determinants of exchange rate and how changes in these determinants affect market outcomes. They will require additional graded assignments to enhance students’ learning.
Objective
Students Should Understand The Management And Marketing Challenges Of International Business
Operating internationally presents special challenges to managers and marketers in planning and organizing work systems, product distribution channels, and product promotional campaigns. International Business majors should understand these challenges and have knowledge of how they might be overcome.
Indicator
Correct Response Rate On Embedded Questions Concerning: The Management And Marketing Challenges Of International Business
Questions embedded in final exams of MGMT 4340 and MKTG 4340 will be used to determine the ability of students to understand the management and marketing challenges of doing business globally.
Criterion
Response Rate On Embedded Questions Concerning: The Management And Marketing Challenges Of International Business
At least 70% of the students will respond correctly to embedded questions on the final exams in MGMT, MKTG 4340 concerning the management and marketing challenges of doing business globally.
Finding
Criterion Three Met
Students demonstrated mastery of Learning Objective 3. The average score on assessed question was 88.5 percent. Further, 87.5 percent of students answered more than seventy percent of the questions correctly.
Action
Learning Objective Three Action
The MAT met with the instructor of record to discuss the results for this Learning Objective. No further action was required, given the students' performance. The MAT will monitor results in future cycles to determine necessary changes if more rigor is required.