ERIC Number: ED028839
Record Type: RIE
Publication Date: 1967
Reference Count: 0
Economics in the Elementary School; Why, What, Where? A Handbook for Teachers.
Minneapolis Citizens Committee on Public Education, Minn.; Joint Council on Economic Education, New York, NY.
Economic education is needed. Elementary school children should be taught the following concepts of economics: that economics is concerned with the problem of deciding how to make the best use of resources to satisfy human wants; that production and consumption are functions of any economic system; that in America competition in a market is the system whereby consumer and producer goods and services are allocated; that the federal government helps to regulate the system and participates in the allocation of goods and services through its spending; that economic growth depends on the quality and quantity of productive resources; that money is a medium of exchange, a measure for comparing all economic goods, and a store of value; that specialization leads to interdependency locally and internationally; and that other nations have the same basic economic considerations. The kindergarten should be concerned with the home and school; the first grade, with the home and neighborhood; the second grade, with the neighborhood; the third grade, with the city--past and present; the fourth grade, with the state; the fifth grade, with the nation; and the sixth grade, with the western hemisphere. (JS)
Publication Type: N/A
Education Level: N/A
Authoring Institution: Minneapolis Citizens Committee on Public Education, Minn.; Joint Council on Economic Education, New York, NY.