Program Assessment Plans & Report

BBA - FINANCE

PROGRAM ASSESSMENT PLANS & REPORT

AY 2011-2012

Program Rationale/Purpose Statement:
The Finance Major of TiffinUniversity strives to achieve three objectives. The first is to make students aware of the role of Finance in the modern non-financial corporation, the banking sector and the investment community. The second objective is to broaden student horizons with respect to what a finance major prepares the student for and to enlighten students as to the many and varied careers available to the finance professional. Finally, the third objective is to ensure that students are well grounded in the basic tools and concepts that are universally employed by the finance professional.
Marketing / Recruitment Target Statement:
The Finance faculty understands that the typical entering freshmen are not aware of how finance relates to the other business disciplines. A part of the recruiting effort relates to ensuring that potential Finance majors understand how the concepts we teach are utilized throughout the firm. We strongly support the non Finance major who chooses to minor in Finance and/or opt for finance electives and strive to ensure that our programs support their majors. We strongly encourage Finance majors and minors to seek internships and support their efforts in obtaining them through networking with the business community. And finally, we maintain contact with our graduates and ensure that our students are aware of their successes, either as interns, or as they begin to pursue their professional careers.
Goals of the Program/Corresponding Classes:
Ensure that students are exposed to coursework that requires analytical skills.FIN314/421/426
Ensure that students develop understanding of how financial markets work. FIN314/421/426
Ensure that students develop an understanding of negotiable instruments and the role these instruments play in facilitating transactions in the market place.LAW212
Ensure that students understand how markets function and apply this theory to real world decision making.ECO322
Develop an in depth understanding of the basic characteristics of the US monetary system and financial markets and develop a general understanding of the international financial system economy.ECO420
Ensure students develop an understanding of constrained optimization, marginal analysis, and statistical techniques used in the management profession. ECO422
Section One: Describe all department activities with respect to improving student learning in the major. This may include new faculty hires, course revisions, assignment creation, rubric revisions, goal evaluations, etc.
Section Two: Describe which program goal(s) in the Major Program Plan was assessed during the academic year.
Section Three: Describe analysis of assessment data and action plans for upcoming academic year.
Intended Outcomes/Assessment Criteria:
Intended Outcome 1:(D – Critical Thinking) Ensure that all Finance majors are exposed to coursework that require analytical skills.
Assessment Criteria:At least 50% of the course exams and term papers in (FIN 314, 421 and 426) will require the use of quantitative techniques.
Section One - Activity Statement:
Section Two - Results of Outcomes Activity:
2011-2012 / Met/Not Met / Data Details
Section Three - Analysis and Action Plans:
Intended Outcome 2: (D – Career Readiness – Program Specific) Student will develop an understanding of how financial markets work.
Assessment Criteria:80% of students will achieve a “C” or better on their course final examinations in (FIN 314, 421 and 426)
Section One - Activity Statement:
Section Two - Results of Outcomes Activity:
2011-2012 / Met/Not Met / Data Details
Section Three - Analysis and Action Plans:
Intended Outcome 3: (D – Career Readiness – Program Specific) Students will develop an understanding of negotiable instruments and the role these instruments play in facilitating transactions in the market place.
Assessment Criteria:80% of the students in LAW 212 will achieve a grade of “C” or better on their exam covering negotiable instruments.
Section One - Activity Statement:
Section Two - Results of Outcomes Activity:
2011-2012 / Met/Not Met / Data Details
Section Three - Analysis and Action Plans:
Intended Outcome 4: (D – Critical Thinking)Students will develop an understanding of how markets function and apply this theory to real world business decision-making
Assessment Criteria: 80% of the students in ECO 322 will achieve a score of “C” or better on their Micro paper.
Section One - Activity Statement:
Section Two - Results of Outcomes Activity:
2011-2012 / Met/Not Met / Data Details
Section Three - Analysis and Action Plans:
Intended Outcome 5: (D – Career Readiness – Program Specific) Students will develop an in-depth understanding of the basic characteristics of the US monetary system and financial markets and develop a general understanding of the international financial system.
Assessment Criteria: 80% of the students in ECO: 420 will achieve a score of “C” or better on their investment assignment.
Section One - Activity Statement:
Section Two - Results of Outcomes Activity:
2011-2012 / Met/Not Met / Data Details
Section Three - Analysis and Action Plans:
Intended Outcome 6: (D – Career Readiness – Program Specific) Students will develop an understanding of constrained optimization, marginal analysis, and statistical techniques used in the management profession.
Assessment Criteria: 65% of the students in ECO: 422 will achieve a score of “B” or better on the identification questions relating to economic optimization, demand and supply, equilibrium, production and cost decisions, perfect competition and competitive strategy on the final exam.
Section One - Activity Statement:
Section Two - Results of Outcomes Activity:
2011-2012 / Met/Not Met / Data Details
Section Three - Analysis and Action Plans:

Updated: May 2010

Reviewed: May 1010