Formative and summative assessments are two major types of curriculum evaluation. Formative assessment occurs during instruction to provide feedback and identify weaknesses, while summative assessment evaluates student learning at the end of a unit or course. Both aim to collect data on student progress and program effectiveness to determine whether changes need to be made. Specific assessment methods include tests, assignments, observations, and questioning, with formative assessments guiding instruction and summative assessments serving as an overall evaluation.