Department of Real
Estate
Robinson College of Business
Georgia State
University
September 21, 2005
Annual Student Learning Outcomes Assessment Report for the Real Estate
Portion of the BBA Program
with a
Major in Real Estate Academic Year: 2004-2005
Master of Science Program in Real Estate
The real estate portion of the BBA program with a
major in Real Estate of the Robinson College of Business is assessed according
to the attached Assessment Plan.
During spring 2005, student learning data were
collected from students in RE 4050 Real Estate Development, RE 4150 Real Estate
Finance and RE 4160, Real Estate Property Analysis and Investments. These courses were selected because they are
required of all undergraduate majors in real estate. They serve as the foundation of all other
real estate courses. As detailed in the
Assessment Plan, some of these data were developed from embedded questions in
the course final examination and some of the data comes from special projects
required from students throughout the courses. Scores are calculated from 0 to
100 with 100 equal to “excellent” and less than 60 equal to “failed.”
Program
Objective I
To develop
creative decision-making skills associated with the real estate industry.
Assessment Method: Performance on assignments in the
real estate investment course.
Expected Outcome I.1: possess the ability to apply knowledge of
real estate analytical tools and produce sound equity investment
recommendations.
2005 Average
Score: 79
2004 Average
Score: 80
Analysis and Recommendations: Overall, the change from year to year was
flat and within acceptable range in both years.
Demand for the course (RE 4160) remains very strong and the student
evaluations suggest that the students are satisfied with the course.
Expected Outcome I.2:
fully familiar with available real estate financing products and be able to
develop financing strategies for funding real estate projects.
2005 Average
Score: 78
2004 Average
Score: 79
Analysis and Recommendations: Averages were flat from 2004 to 2005 and
within acceptable range in both years.
Demand for the course (RE 4150) remains very strong and the student
evaluations suggest that the students are satisfied with the course. The
challenge in this area is for the faculty to keep up with the changing
landscape of financial product offerings.
Expected Outcome I.3: possess the ability to use knowledge of real
estate development to layout efficient project development plans.
2005 Average
Score: 92
2004 Average
Score: 84
Analysis and Recommendations: Averages improved from 2004 to 2005 and
remain within acceptable range in both years.
Demand for the course (RE 4050) remains very strong and the student
evaluations suggest that the students are satisfied with the course.
Development continues to be one of the favorite activities of students because
of its “hands on” nature.
Program
Objective II
To produce business communications in a competent fashion.
Assessment Method: Performance on various assignments
in investments course.
Expected Outcome II:
possess the ability to communicate real estate decisions and recommendations
effectively.
2005 Average
Score: 82
2004 Average
Score: 82
Analysis and Recommendations: Averages were flat from 2004 to 2005 and
within acceptable range in both years.
The department embraced the notion of “writing across the curriculum”
several years ago and we have seen substantial improvement in the quality of
business communication among our students.
Target Goals
for Future Assessment Outcomes
An average score of 75 indicates an outcome meeting
program expectations and a program strength.
The long-term global target goal therefore is an average score of 75 for
all expected outcomes. Effort will be
taken to improve those expected outcomes with current scores less than 75 and
to maintain the level of expected outcomes with current scores at or above
75. See “Analysis and Recommendations”
discussions above.
We are developing an undergraduate capstone course
which will be utilized to enhance learning outcomes assessment.
Assessment
Plan for BBA Program with a Major in Real Estate
Mission Statement: The BBA real estate major is designed for individuals entering careers
in the real estate industry. It
provides the student with the real estate knowledge and analytical skills
necessary to support real property decisions in business environments as well
as the requisite skills to effectively communicate them. The primary objectives of the program are
for students to develop 1) sufficient industry knowledge to support real
estate decision making; 2) analytical skills leading to sound equity
investment recommendations, value enhancing project funding strategies,
effective project development plans; and 3) persuasive business communication
skills.
Continuous
Improvement: Data will be
collected each year and will be reviewed during the fall semester by the Real
Estate Department Assessment Committee and Real Estate Department Chair to
inform the processes of 1) verifying
consistency with the program objectives, 2) identifying program strengths and
weaknesses, and 3) proposing necessary modifications to program, courses,
and/or assessment methods.