For me, since my target learners are undergraduate students, I think the most valuable assessment for our context would be the Assessment OF Learning.
Our clinical education primarily focuses on the application of theories in practice. As such, the grading system focuses on what has been learned, and what has been applied.
But for adult mature learners, I believe that Assessment FOR Learning is more valuable. I think that in real life, "how it is learned" is more important than "what is learned", as how determines the progress of future learnings.
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