ERIC Number: ED219311
Record Type: RIE
Publication Date: 1982-Mar
Reference Count: 0
Awareness of Economic Knowledge: A Developmental Study.
Armento, Beverly J.
The purpose of this study was to examine verbal conceptual knowledge of selected economic topics to test for the existence of age, gender, and/or ethnic related trends and patterns. Three hundred fifty-five children, aged 2-l/2 through 16, were interviewed in one-on-one sessions by their teachers. Five questions were asked: (1) Why do people work?; (2) Do people have everything they want?; (3) How do you decide what to buy with your money?; (4) Why do people pay taxes?; (5) How do we get the things that are not made or grown in our country? Teachers recorded verbatim all responses of the children. No trends and patterns were found for gender or ethnicity. However, many were found for age. A discussion of the results for each question are included in the paper. The characteristics of childrens' responses along the developmental levels parallel previous findings and generally support patterns found in the concept development literature. No major departure from previously established patterns was seen. In general, economic topics which were familiar to the everyday lives of children elicited more sophisticated responses at earlier ages. Generally, by age 7, young children had formulated fairly accurate conceptions of work and scarcity and had developed a method for making decisions. Concept response patterns tended to progress from more egocentric to more objective notions and from more concrete ideas to more abstract ideas. These same response characteristics applied to the responses for the tax and imports questions. (RM)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the Annual Meeting of the American Educational Research Association (New York, NY, March, 1982).