ERIC Number: ED264155
Record Type: RIE
Publication Date: 1985
Reference Count: 0
The Meanings Assigned to Some Economic Terms: A Case Study of Some 13-14 Year Old Pupils. Research Papers in Economics Education.
Brown, David J.
A research study designed to measure understanding of economic terms among 13- and 14-year olds is summarized. For purposes of the study, two tests were constructed: a 10-item questionnaire focusing on definitions of words such as banking, production, costs, money, and wealth, and a compilation of drawings and photographs developed to reflect concrete images of economic concepts. The first questionnaire was administered to a random sample of 100 13- and 14-year olds in a South London school. Twenty follow-up interviews were conducted using the visual test. Results of the two tests were similar. Both showed perceptions among this age group that shopping was associated with need and with prices, that banks were seen strictly as savings institutions, and that wealth was seen in terms of income and money. There was limited understanding of terms such as investment, cost, and living standards. Results indicate that some widely used economic terms are unfamiliar to children of this age and that the use of this terminology without careful introduction will make the subject matter difficult to understand. (LP)
Descriptors: Adolescents, Case Studies, Cognitive Development, Concept Formation, Concept Teaching, Consumer Economics, Economics, Economics Education, Educational Research, Foreign Countries, Junior High Schools, Vocabulary Development
University of London, Institute of Education, 20 Bedford Way, London, England WC1H OAL.
Publication Type: Reports - Research; Tests/Questionnaires
Education Level: N/A
Authoring Institution: London Univ. (England). Inst. of Education.
Note: For other research papers, see ED 242 635, ED 237 381, ED 229 290. Photographs may not reproduce clearly.