The document is the final in a series of four competency-based modules produced for use with inservice teacher education programs in consumer education. The main objective of the program is to assist curriculum developers and elementary and secondary classroom teachers as they plan, develop, implement, and evaluate a multidisciplinary consumer education program. This module presents numerous exercises to help teachers evaluate student performance in consumer education programs and offers suggestions for evaluating consumer education programs. The module also presents pretest exercises to assess knowledge of evaluation techniques, a glossary of evaluation terms, and suggestions for follow-up activities such as analyzing poor test items and constructing valid test items. Activities involve the teachers in matching and multiple choice exercises, taking true and false tests, writing essays, discussing evaluation techniques, giving examples of cognitive processes, recording observational data, and providing justification for various methods of evaluating student attainment. Background information is presented on norm referenced and criterion referenced tests, collecting and analyzing observational data, test data, measurement characteristics, and test validity. Upon completion of the exercises in this module, teachers are expected to be able to describe the end products, elements, and processes of evaluation; construct test items based upon a given content; and apply basic guidelines for writing objective test items. (Author/DB)