Test of Understanding in College Economics: Examiner's Manual

This edition of the Test of Understanding in College Economics (TUCE-4) is the fourth edition of a test that was first developed forty years ago, and has an extensive history of use by teachers and researchers in the economics profession. The previous editions and their use have been described in earlier studies (Fels, 1967; Welsh and Fels, 1969; Saunders, 1981; Saunders, Fels and Welsh, 1981; Saunders, 1991a; and Saunders, 1991b) and in three reviews of research in economic education at the college and university level (Siegfried and Fels, 1979; Becker, 1997; and Siegfried and Walstad, 1998). As with past editions, the TUCE-4 has two main objectives: (1) to offer a reliable and valid assessment instrument for students in principles of economics courses; and (2) to provide norming data for a large, national sample of students in principles classes, allowing instructors to com-pare performance in their classes on both pretests and posttests to the performance of the national sample of students and instructors. Separate exams were prepared in microeconomics and macroeconomics. Both exams consist of 30 multiple-choice items, which can be administered within the time constraints of a single class period for most course formats. The same exams were used for the pretest and posttest, as was done with the third edition of the TUCE.Also Available:Test of Understanding College Economics: Test Booklets (set of 25) - ISBN 1561834319The Council for Economic Education envisions a world in which people are empowered through economic and financial literacy to make informed and responsible choices throughout their lives as consumers, savers, investors, workers, citizens, and participants in our global economy. Some of the areas in K-12 education we publish in include: - Establishing and building credit - Managing personal finances - Understanding economics on a local, national, and global level - Using economics in other subject areas: Social Studies, Geography, History, etc.