Abstract
The article is devoted to the use of multiple choice questions and essay assignments as assessment tools during the economics training. The authors describe three levels of economics understanding. They provide examples of multiple-choice questions and essay assignments that can measure different levels of economics understanding. The authors conclude that multiple-choice questions can be used to measure some but not all levels of student understanding while higher levels cannot be accurately measured with this assessment tool. The essay has great potential to assess the higher levels of student understanding of economics.
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