• Fri. Jun 2nd, 2023

Embracing chatGPT in the economic technologies classroom


May 26, 2023

This post has been reviewed according to ScienceĀ X’s editorial approach
and policies.
Editors have highlighted the following attributes even though guaranteeing the content’s credibility:


trusted supply



Credit: Unsplash/CC0 Public Domain

ChatGPT has been a subject of terrific discussion in academia, specifically about how to protect against its unauthorized use in classes. Even so, students can advantage from understanding how to use generative artificial intelligence (AI) as a tool to save time and boost overall performance on writing assignments.

Craig Hurwitz, an Executive in Residence in the Pratt College of Engineering, asked the graduate students in his “Emerging Trends in Monetary Technologies (Fintech)” course to produce a very first draft of an essay with ChatGPT’s assistance. His operating assumption was that when students enter the workforce they will have access to, and the capacity to use, generative AI for productivity purposes. He wanted to experiment with ChatGPT in his course to give students a very first-hand appear at how to use generative AI.

For the assignment, the class was instructed to study a case study and each and every student chose a Fintech method to assistance resolve a distinct challenge talked about in the case. Their written assignment was a 750-word Executive Summary convincing the instructor (playing the function of Venture Capitalist) why he ought to take into account meeting to talk about a prospective investment.

The directions referred to as for each and every student to generate a very first draft making use of ChatGPT. Following creating the draft, they imported the draft into Microsoft Word and turned on “track adjustments.” They edited the initial draft and submitted the final draft with “track adjustments” nevertheless turned on.

This gave the professor the capacity to see the draft generated by ChatGPT, the adjustments that had been produced to that draft, and the final item submitted by each and every student. The variety of unedited final output ranged from about 20 % to more than 90 %. Following the assignment, students completed a survey about their experiences on the assignment. This post summarizes the student reactions to making use of ChatGPT.

AI as a perform ability

Students viewed this assignment as vital instruction considering the fact that they anticipate that they will be making use of AI in the workplace. There had been quite a few comments about how this assignment was a understanding chance on how to use an AI chatbot proficiently and how this is going to be a useful ability when they graduate and take on complete-time roles in the workforce.

As one particular student explained, “I definitely enjoyed operating on this assignment. I think what you let us do is what will take place in actual life. Finishing this assignment is very good practice for us to use AI to boost our perform.”

A single particular ability the students gained is how to create successful prompts in ChatGPT. Quite a few students realized that establishing an suitable prompt is an iterative approach and is the essential to a productive expertise. Pretty much all students embarked on this workout with an try to use a single prompt to generate the whole essay.

Even so, most students located that the output was as well basic, and in most circumstances, as well repetitive. The most prevalent reaction to this was to submit to ChatGPT particular stick to-up queries making use of descriptive, succinct text created to generate output for a distinct paragraph, or far more especially, a bullet point.

Various students commented on the significance of instruction ChatGPT to take on a distinct function prior to the approach of prompting it to produce any written output. “I’d spot far more emphasis on instruction the AI to adopt a specific persona, rather of spending a lot of time attempting to figure out the proper prompt,” one particular student commented in the post-assignment survey.

Writing efficiency

Just about every student claimed that making use of an AI chatbot to assistance produce a very first draft was useful. Ninety % of students mentioned that making use of an AI chatbot was a time saver. A single student remarked, “For each minute you commit on ChatGPT you are saving ten minutes, but be positive to give the AI the precise facts you want it to perform with and the danger of blunders is minimal.”

Twenty-one particular out of 36 students in the class who speak English as a second language felt a different advantage. Just about every one particular of them indicated that they currently had expertise making use of ChatGPT prior to this assignment. A prevalent refrain was that making use of an AI chatbot helped them create as if English had been their native language. Even so, as one particular student cautioned, “The grammar the AI employed was ideal, but I located the language to be vague and unsophisticated.” This comment points to students’ basic understanding of ChatGPT’s limitations.


When students located ChatGPT valuable, there was important commentary about limitations of this generation of the technologies. Limitations commonly fell into one particular of 3 categories: 1) incorrect sources, two) outdated sources, and three) the output only getting as very good as the prompt. “I located that ChatGPT generated facts that was right, but with incorrect citation,” one particular student noted.

More than half of the class located that ChatGPT generated incorrect facts and only two of 36 expressed self-confidence in the sources cited by ChatGPT. Students understood truth-checking is an critical aspect of making use of ChatGPT for writing, considering the fact that supply integrity is a large concern. In addition, considering the fact that the students’ assignment was to highlight emerging trends in Fintech, they could not rely on ChatGPT’s older information (Sept 2021).

Note that students employed the GPT-three.five model for this AI-assignment that was prior to GPT-four. was released, when the capacity to cite sources enhanced somewhat, but relying on the sources offered by GPT remains problematic.

Quite a few students commented that they enjoyed operating on the assignment, but they are conscious of the ethical considerations such as intellectual home, and appreciated that guardrails are needed. Students understood making use of ChatGPT can only be one particular step in the writing approach. “The bot should not be employed as a final response, but merely as a way to have an understanding of a subject or brainstorm tips. ChatGPT’s capacity to synthesize sources and condense facts is terrific, but should not replace our personal filters and capacity to do that identical job ourselves.”


Generative AI capabilities are advancing promptly. It is a productivity tool that will most likely acquire vast acceptance and usage in the workforce. Coaching students how to use the technologies appropriately and proficiently is an vital life ability. To these worried about regardless of whether the output generated by ChatGPT is the perform of the tool or the student, there is no substitute for performing the standard study, obtaining a clear understanding of what it is that you want to communicate, and recognizing, in advance, the written structure you anticipate to acquire from ChatGPT.

From the viewpoint of a professor who spent most of his profession in sector, it was rewarding to see how promptly students adapted to the technologies and optimized it, and how this led to essays developed far more effectively, and in quite a few circumstances, of greater high-quality than they may well have otherwise accomplished.