The objective: an exam that people who know the material can do in 90 minutes, but that people who do not know the material cannot learn enough on the fly to fake it in 180 minutes...
Small blue books (5" x 8")...
Open notes, open book, open smartphones—open universe, save for interaction with other Turing-class entities...
- 1/3 multiple choice-short answers: 30 (1 min each)
- 3 quantitative calculations (10 min each)
- 1 essay (30 min)
Intermediate macro
Quantitative calculations:
- Solow growth model
- Flexprice/fixprice question
- MPRF/inflation expectations
Essay:
- Greece 2010...
- U.S. 2018... move from static to adaptive? two shocks in 2023 possible. Do we want running room to lower i or do we want expectations static so that they do not feed into future inflation expectations...
Take home exam... okpy.org based on problem sets...
Slides: https://www.icloud.com/keynote/03SgZz3yNAsnguiGVpDG2DTqQ:
In a sense, closed book exams have been obsolete since 1500. You could argue before 1500 that people would often find themselves in situations in which they had to produce documents and write answer is calling on nothing but what they had currently running on their own wetware. Books, after all, were very expensive. At five pages an hour, figure it would take a month to produce one copy of a book, and that is only the direct, skilled labor required.
After 1500, however closed book exams made no sense—at least not without a theory of why acting like a medieval monk would in fact teach habits of mind and thought that would help us think and write in a world where people were surrounded almost always by their notes and their libraries.
And now, of course, the young ones are never without their smartphones.
So it is time for us professors to start writing exams that test and teach habits of thought relevant for a world in which you have rapid broadband access to the entire online library of humanity at nearly every instant.
Therefore this exam is open note, open book, and open smartphone—or whatever other device you wish to bring...
Only one form of information access is prohibited: direct two-way interaction with other Turing class entities). In case you are uncertain, here are examples of five examples of Turing class entities:
But, you say, don't then exams become too easy? If we professors cannot write an exam in which you can score high by using information technology to help you think while still being unable to use information to learn on the fly enough for you to fake it, then I think we are in the wrong business...
Scratch file: http://delong.typepad.com/teaching_economics/macronotes-on-final-examsscratch.html
This File: http://delong.typepad.com/teaching_economics/macro-notes-final.html
Edit This File: http://www.typepad.com/site/blogs/6a00e551f08003883401b8d2c935d5970c/page/6a00e551f0800388340223c84b42ab200c/edit?saved_added=n
Macroeconomics Course: http://delong.typepad.com/teaching_economics/macroeconomics.html
Teaching Economics: http://delong.typepad.com/teaching_economics/contents.html