Teaching Econometrics Using Formative Assessment

This article studies the effectiveness of formative assessment techniques for an econometrics course. A large scale project with extensive formative assessment was included in the course, incorporating both summative and formative assessment. The specific assignment is for students to learn all steps to turn raw data obtained from the Interuniversity Consortium for Political and Social Research (ICPSR) using the statistical software SPSS into a viable thesis that is worthy of undergraduate conference presentations and publications. Learning gains from implementation of this project using extensive formative assessment are measured by changes in student course grades.