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50 Years of ERIC
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Peer reviewed Peer reviewed
ERIC Number: EJ611899
Record Type: CIJE
Publication Date: 2000
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0009-3920
Buy Low, Sell High: The Development of an Informal Theory of Economics.
Thompson, Douglas R.; Siegler, Robert S.
Child Development, v71 n3 p660-77 May-Jun 2000
Two experiments examined development of economic understanding among 5-, 7- and 9-year-olds. Found that most 5-year-olds understood the goal of acquiring desired goods, and most 7- and 9-year-olds also understood the goals of seeking profits, acquiring goods inexpensively, and competing successfully with other sellers. Results suggest that older children had constructed an informal theory of economics. (Author/KB)
Descriptors: Adolescents, Age Differences, Children, Cognitive Development, Cognitive Processes, Concept Formation, Economics, Knowledge Level, Theories
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: N/A