This paper reports on the perceptions of teaching economists of the nature, implementation and result of outcomes assessment/assurance of learning (AOL) in higher education. The results reported in the paper are based on over eight hundred responses to a web-based survey of teaching economists. While there is little consensus among economists about assurance of learning some generalizations may be made. Economists involved in the assurance of learning process have different perceptions than those uninvolved in the process. For example, more (as a percentage) economists involved in the process indicated assurance of learning has improved student learning than uninvolved economists. However, even among involved economists almost a third disagree with the statement "The OA/AOL process has led to improved student learning at my institution."