Has ChatGPT Made Economics Homework Questions Obsolete?

Rachel Faerber‐Ovaska, Tomi Ovaska, Joseph Palardy and Yogesh Uppal

Bulletin of Economic Research, 2025, vol. 77, issue 2, 219-223

Abstract: We investigate the accuracy of ChatGPT's answers to multiple‐choice and short essay questions from a widely used OER economics textbook. The questions are classified by their difficulty and cognitive level. In our tests, the bot scored a high D in multiple‐choice questions and a low A in essay questions. Most errors were found in questions of higher cognitive levels, and with calculations and graphs. While a student who has attended lectures would not gain much, if at all, from using the bot for multiple‐choice questions, the gain for a higher grade in essays is considerably larger.

Date: 2025
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https://doi.org/10.1111/boer.12481

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