FIN 133: Money and Banking
Stage 5
Mario Yrun
Basic Information
| Number of Outcomes | 5 |
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| Number of Outcomes Assessed | 5 |
| Assessment Frequency | Every year |
| Analysis Frequency | Every year |
| Detail Link | Link |
Course Information
| Number of Course Sections | 1 |
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| Number of Instructors | 1 |
Improvement Details
| Details | 1) The course outline or record has been updated to reflect emphasis on SLO's. Twentysome odd "learning objectives" currently listed in the course outline of record have been distilled to 5 comprehensive SLO's. By October 2014, these amendments of the course outline of record will be recorded. The above listed URL for the course outline of recorded does not yet reflect the changes. The 5 SLOs which will be recorded in the course outline Oct 2014 are: A) List and evaluate the structure of the financial intermediation processes, markets, institutions and other participants B) Define the major market instruments and outline their function, organization, risk, pricing structure and expected returns. C) Detail and assess the goals, tools, structure and processes of the Federal Reserve and Monetary Policy D) Explain nominal/real interest rates and their term structure, and analyze the factors which affect them. E) Outline the history of bank and governmental agency regulation with respect to structures, goals and processes 2) The second improvement includes adding more SLO C questions in the cumulative final exam to better assess the outcomes. |
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Assessment Methods
| Methods | The focus on SLO assessment this semester came from the final cumulative exam, every question of which is mapped to one of the 5 SLOs. So the average percentage correct for each of 5 SLOs is calculated where 70% or greater is deemed "proficient", 60%-69% is deemed "developing" and less than 60% is deemed "no evidence" of SLO achievement. |
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Assessment Data Discussion and Analysis
| Term | Spring 2014 |
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| How and With Whom | For the particular class, I am the only instructor and did not discuss data or outcomes with others this semester. All analysis of outcomes was done myself. Note, however, that the development of both the SLOs and the outcome assessment was developed several semesters ago by myself and my FIN dept colleague Michael Needham. |
| Number Assessed | 15 |
| Data Summary | 70% was the average percentage correct answers by the class to SLO-A questions. This reflects the very lowest of "SLO proficiency" class achievement. 76% was the average percentage correct answers by the class to SLO-B questions and reflects class proficiency for SLO-B 80% was the average percentage correct answers by the class to SLO-C questions and reflects class proficiency for SLO-C 69% was the average percentage correct answers by the class to SLO-D questions and does not reflect proficiency but instead reflects class "developing". Further development of class exercises, homework and lectures are in order to improve this outcome. 71% was the class average for SLO-E questions and reflects proficiency. |
| Planned Improvements | For the next course offering in Spring 2015, the course will include more homework problems, more lecture, more midterm exam problems and more media/online exposure to nominal/real interest rates and their respective term structures (SLO-D) |
| Program Review Link | No answer |
Future Plans
| Term | Spring 2015 |
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| Activities | Assessment (measurement) of outcomes, Analysis and discussion of assessment data and next steps, Implementation of planned changes and reassessment |
| Details | 1) Make sure that Course Outline of Record is amended to synthesize the 20+ outdates learning objectives to the current 5 SLO's. 2) For the next course offering in Spring 2015, the course will include more homework problems, more lecture, more midterm exam problems and more media/online exposure to nominal/real interest rates and their respective term structures (SLO-D) 3) Consider including a greater number of SLO-D questions in the final exam to better assess the outcome of this SLO |
| Highlights | No answer |