5:13: Semester Post-Assessment

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Tabletop with personal balance their cash and finances in a ledger.

Semester Post-Assessment

Unit 5 · Lesson 5.13 · Last updated June 2026

A 45-minute individual assessment using the Test of Economic Literacy (TEL) to measure students' growth in economic knowledge over the course of the semester.

Duration45 min
Grades9–12
Prep<5 min
FormatIndividual assessment

Overview

Students complete the Test of Economic Literacy (TEL — created by the Council for Economic Education) individually to determine the growth of their economic knowledge over the course of the semester. Important: Neither the pre-assessment nor the post-assessment should be used as a summative assessment — answers to the TEL are readily found online, and any edits made to the assessment undermine its validity and reliability.


Learning Objective

  • Identify changes in mastery of economic concepts.
 
 

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Materials

Digital Option

Paper Option

Optional


Lesson Sequence

Introduction
5 min · Slides 2–4

Slides 2–4

  1. Progress through Slides 2–3 to explain the learning objectives and ensure students understand the low-stakes nature of the Semester Post-Assessment. Do not use this post-assessment as a summative assessment — the TEL questions and answers are easily found online. (Additional educator tips and suggested answers are in the notes section throughout Instruction Slides.)
  2. Proceed to Slide 4. Distribute 1 copy of Semester Post-Assessment: Paper Form and 1 copy of Answer Sheet to each student, OR provide a link to Semester Post-Assessment: Digital Form.
  3. Read the instructions at the top of the assessment aloud. Pause for questions before allowing students to begin.
Work Time
40 min · Slides 5–7

Slides 5–7

  1. Progress through Slides 5–6. Circulate while students work to supervise and clarify instructions as needed. Do not re-explain or elaborate on the questions — doing so may influence student responses. Instead, encourage students to reread the prompt and make their best choice.
  2. Proceed to Slide 7 when 5 minutes remain. Announce that the period will end soon.
  3. Collect all materials. Students should not take the Paper Form or Answer Sheet from the room.
  4. Use KEY Grading if students completed the paper format. The Digital Form automatically scores submissions and records them in the responses section of the form. To review correct responses with students on another day, use KEY Class Version with Feedback or KEY Student Version with Feedback.
Optional Review
Additional time

Response Review (Optional)

  1. Distribute 1 copy of KEY Student Version with Feedback to each student. Allow students to review their responses and reflect on the elaborative feedback provided. Collect KEY Student Version with Feedback when students have completed their review.
  2. Review the correct answers as a class. Display KEY Class Version with Feedback and walk through the questions, answers, and elaborative feedback together.

Aligned Standards

Voluntary National Content Standards in Economics

Standard 1 Scarcity and Allocation
Standard 2 Decision-Making
Standard 3 Specialization and Exchange
Standard 4 Markets
Standard 5 Business Decisions and Market Structure
Standard 6 Market Failure
Standard 7 Role of Government
Standard 8 Labor and Income
Standard 9 International Trade
Standard 10 Technology
Standard 11 Gross Domestic Product
Standard 12 Unemployment
Standard 13 Money
Standard 14 Banks, Interest Rates, and Financial Markets
Standard 15 Inflation
Standard 16 Growth and Fluctuations
Standard 17 Monetary Policy
Standard 18 Fiscal Policy