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> In an ideal world, I'd have the time to sit down with each student and have a 10 minute talk, and get a sense of how well they understand the material.

Aren't in-person exams a decent way to gauge that?

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They are in my experience, we do this as part of many of the courses and projects: they get an assignment followed by a 15-20 minute assessment of their work. Gives us the chance to measure their understanding of the work and it gives them the chance to clarify things that they didn't make clear in the work, which can lead to a slightly better grade.

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