The second edition of the "Voluntary National Content Standards in Economics" was published by the Council for Economic Education in 2010. The authors examine the process for revising these precollege content standards and highlight several changes that appear in the new document. They also review the impact the standards have had on precollege…

The authors use data from a finance-related theme park to explore how financial education changes investment, financing, and consumer behavior. Students were assigned fictitious life situations and asked to create household budgets. Some students received a 19-hour financial literacy curriculum before going to the park, and some did not. After…

The authors list economic concepts and issues covered in the children's books published by Theodor Geisel and discuss his treatment of concepts that appear most often and that are treated in greater depth. Some concepts are sophisticated and taught as formal concepts only in college-level economics courses. Others are basic and used 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…

In this article, the authors explain the purpose and context for the 2009 International Symposium on Economic Education that was the source for articles on four nations with relatively developed systems for economic education: Australia, England, Japan, and Korea. The authors highlight several key comparisons from the four articles that appear in…

The authors review three aspects of economic education in England. They examine trends in undergraduate economics in England, principally in terms of recruitment and outcomes and connections with economics in schools. They also review formal instruction in schools through so-called "advanced level" courses for 16-19-year-old students and the role…

Before 1980, strong demand existed in Australia for the economics degree. Since then, competition from programs in business and management has increased. Student preferences have shifted from university and secondary economics. Economics enrollments have declined in both sectors. The authors analyze these trends and assess economic education…

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…