Abstract
The authors of this paper utilized a “background knowledge probe,” in the form of a short, simple, non-graded, anonymous,in-class multiple-choice exam to determine prior and post learning. This instrument was was administered to an Essentials ofFinance class in the Fall of 2015. The authors analyzed the results utilizing both a paired t-test test and a “Bootstrapping”technique. Analysis results indicate a significant change in the performance of the the ‘before class’ as compared to the ‘afterclass’ populations. Three full professors in Finance derived the test instrument to ensure the validity of the project. The authorsplan to address the instrument’s reliability over subsequent semesters.
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