Advanced Placement economics leaves thousands of high school students with a misleading impression of modern economics. The courses fail to cover key sources of growth and prosperity, including private ownership, dynamic competition, and entrepreneurship. The tools of public choice economics are totally ignored. Government is modeled as a…

High school transcript data were used in this study to estimate the percentage of high school graduates who complete an economics course, and to examine course-taking trends in economics from 1982 to 2009. In 2009, 58 percent of high school graduates took an economics course, up from about 45 percent from 1990 to 2005. The increases in economics…

The recent widespread adoption of online competitions in economic education provides a unique opportunity to make frequent assessments of economic literacy in U.S. classrooms. In this survey, student responses to test items from the Test of Economic Literacy (TEL) are used to create economic concept and content area achievement benchmarks. These…

The authors provide the first estimates of the impact of peers on achievement in high school economics. The estimates are obtained by analyzing three years of data on all high school students who take Georgia's required economics course and its accompanying high-stakes End of Course Test (Georgia Department of Education). They use an instrumental…

The authors extend the literature on the efficacy of high school economics instruction in two directions. First, they assess how much economic knowledge that California students acquired in their compulsory high school course is retained on their entering college. Second, using as a control group some college students from the state of Washington,…

Interest is growing at the precollege level in computer testing (CT) instead of paper-and-pencil testing (PT) for subjects in the school curriculum, including economics. Before economic educators adopt CT, a better understanding of its likely effects on test-taking behavior and performance compared with PT is needed. Using two volunteer student…

The authors describe key aspects of precollege and undergraduate economic education in Korea. They show that precollege students seem to have low economics literacy due to problems with the curriculum and insufficient training of teachers. At the undergraduate level, they show that economics departments have more male students than female students…

The authors describe the present state of economic education in Japan. There is a larger number of undergraduate students who major in economics, but their purpose of studying economics and their economic literacy differ. Precollege economic education is regulated by the course of study and limited by the poor ability of teachers to teach the…

The authors examined the effects of remedial mathematics on performance in university-level economics courses using a natural experiment. They studied exam results prior and subsequent to the implementation of a remedial mathematics course that was compulsory for a subset of students and unavailable for the others, controlling for background…

Most states have adopted high school economics standards, but implementation efforts face two hurdles: evidence indicates that five or six college-level economics courses are needed for high school economics teachers and that standalone high school economics classes are more effective than strategies that infuse economics into history or civics…

The authors describe a new, Web-based survey instrument that may serve as an aide for teachers and as an interactive exercise for high school economics students. The questionnaire asks students about their involvement with the economy, inquiring about employment, consumption, and living standards, and includes a few hypothetical consumer-demand…

A significant event for the advancement of economic education in the schools is the development of the National Assessment of Educational Progress (NAEP) in economics. For the first time, national data from a representative sample of students are available to measure the achievement of high school students in economics. The achievement results are…

Although academic ability is the most important explanatory variable in studies of student learning, researchers control for it with a wide array and combinations of proxies. The authors investigated how the proxy choice affects estimates of undergraduate student learning by testing over 150 specifications of a single model, each including a…

The authors examine concurrent enrollment programs (CEP) as an alternative to the AP/honors economics for teaching college economics in high schools. In general, they conclude that the CEP students tend to outperform the AP/honors economics student. (Contains 2 tables and 4 notes.)

The authors examined the potential differences between problem-based learning (PBL) and traditional instructional approaches in building knowledge of macroeconomic concepts and principles in high school students. Using data from 252 economics students at 11 high schools and controlling for individual characteristics, most notably verbal ability,…