Has ChatGPT Made Economics Homework Questions Obsolete?

ABSTRACT We investigate the accuracy of ChatGPT's answers to multiple‐choice and short essay questions from a widely used OER economics textbook. The questions are classified by their difficulty and cognitive level. In our tests, the bot scored a high D in multiple‐choice questions and a low A in essay questions. Most errors were found in questions of higher cognitive levels, and with calculations and graphs. While a student who has attended lectures would not gain much, if at all, from using the bot for multiple‐choice questions, the gain for a higher grade in essays is considerably larger.

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Publication Details

Journal
Bulletin of Economic Research
Published
2024-11-28
DOI
https://doi.org/10.1111/boer.12481
Citations
2
Primary Topic
Innovations in Educational Methods
Type
article
Field-Weighted Citation Impact
4.19
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article

Has ChatGPT Made Economics Homework Questions Obsolete?

Yogesh Uppal, Tomi Ovaska, J. Michael Palardy, Rachel Faerber‐Ovaska
2 citations
Bulletin of Economic Research
Innovations in Educational Methods
4.19
article

Has ChatGPT Made Economics Homework Questions Obsolete?

Yogesh Uppal, Tomi Ovaska, J. Michael Palardy, Rachel Faerber‐Ovaska
article en
2 citations

Abstract

ABSTRACT We investigate the accuracy of ChatGPT's answers to multiple‐choice and short essay questions from a widely used OER economics textbook. The questions are classified by their difficulty and cognitive level. In our tests, the bot scored a high D in multiple‐choice questions and a low A in essay questions. Most errors were found in questions of higher cognitive levels, and with calculations and graphs. While a student who has attended lectures would not gain much, if at all, from using the bot for multiple‐choice questions, the gain for a higher grade in essays is considerably larger.

Bulletin of Economic ResearchVol. 77(2)
Youngstown State University (US)
Quality Education
Openalex Percentile: Top 5%
Innovations in Educational Methods
4.19
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