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ChatGPT has Aced the Test of Understanding in College Economics: Now What?

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dc.contributor.authorGeerling, Wayneen
dc.contributor.authorMateer, G. Dirken
dc.contributor.authorDamodaran, Nikhilen
dc.contributor.authorWooten, Jadrianen
dc.date.accessioned2024-02-21T14:54:29Zen
dc.date.available2024-02-21T14:54:29Zen
dc.date.issued2023-04-08en
dc.description.abstractThe Test of Understanding in College Economics (TUCE) is a standardized test of economics knowledge performed in the United States which primarily targets principles-level understanding. We asked ChatGPT to complete the TUCE. ChatGPT ranked in the 91st percentile for Microeconomics and the 99th percentile for Macroeconomics when compared to students who take the TUCE exam at the end of their principles course. The results show that ChatGPT is capable of providing answers that exceed the mean responses of students across all institutions. The emergence of artificial intelligence presents a significant challenge to traditional assessment methods in higher education. An important implication of this finding is that educators will likely need to redesign their curriculum in at least one of the following three ways: reintroduce proctored, in-person assessments; augment learning with chatbots; and/or increase the prevalence of experiential learning projects that artificial intelligence struggles to replicate well.en
dc.description.versionPublished versionen
dc.format.extentPages 233-245en
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1177/05694345231169654en
dc.identifier.eissn2328-1235en
dc.identifier.issn0569-4345en
dc.identifier.issue2en
dc.identifier.orcidWooten, Jadrian [0000-0002-7838-9349]en
dc.identifier.urihttps://hdl.handle.net/10919/118079en
dc.identifier.volume68en
dc.language.isoenen
dc.publisherSAGEen
dc.relation.urihttps://journals.sagepub.com/doi/epub/10.1177/05694345231169654en
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.titleChatGPT has Aced the Test of Understanding in College Economics: Now What?en
dc.title.serialThe American Economisten
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Scienceen
pubs.organisational-group/Virginia Tech/Science/Economicsen

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