Lessons Learned from a Course-Embedded Assessment Process: Foreign Exchange Markets in Principles of Economics

Elizabeth Knowles and Glenn Knowles

Journal for Economic Educators, 2012, vol. 12, issue 1, 26-37

Abstract: This paper details a dynamic process of course-embedded assessment of student learning about foreign exchange markets. Three iterations of the assessment have occurred, and modest improvements in student outcomes are demonstrated. The process reveals the apparent difficulties that students face with using a demand and supply model to analyze changes in foreign exchange markets. In addition, faculty discussions have informed changes in both teaching and assessment techniques.

Keywords: assessment; foreign exchange; principle of economics (search for similar items in EconPapers)
JEL-codes: A22 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:mts:jrnlee:v:12:y:2012:i:1:p:26-37

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