ChatGPT, a natural language processing model, has demonstrated exceptional performance in standardized assessments used in principles of economics courses. It scored in the 91st percentile for Microeconomics and the 99th percentile for Macroeconomics, outperforming a majority of students who take the TUCE exam at the end of the course. This success highlights the potential of artificial intelligence in the field of economics and emphasizes the need for incorporating innovative tools like ChatGPT in education.