Pass/Fail an undergraduate elective

[Mattchow]

Hi I am currently an undergraduate applied math/economics major and I am taking "Intro to Entrepreneurship" as an elective credit because I thought it would be easy/interesting. I will probably end up with a ~3.3 in the class because the grade is entirely project based (my group sucks) and curved to a 3.3 median. I currently have a 3.68 GPA looking to raise it to a 3.7 before graduation. Would grad schools think negatively of taking this pass/fail?