ERIC Number: ED310054
Record Type: Non-Journal
Publication Date: 1988-Dec-28
Reference Count: N/A
Economic Literacy in the Schools.
Walstad, William B.
Results from the testing of a representative sample of U.S. high school students (N=8,205) reveals a significant lack of economic literacy, with the students correctly answering only 40 percent of the items on the Test of Economic Literacy. This is especially disturbing since the questions were drawn from economic concepts and related issues as they are discussed daily in the national media. To improve the level of economic understanding, school districts need to make a commitment to economic education in both elementary and secondary education, with students being required to take a course in economics before they graduate from high school. Teachers must be better equipped to teach about economics if they are to instill any knowledge in their students. Economics knowledge is critical for an informed citizenry, both for its understanding of domestic economic issues and for the United States to maintain a competitive position in the world economy. (PPB)
Publication Type: Reports - Research; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: Joint Council on Economic Education, New York, NY.
Identifiers - Location: Japan; United States
Identifiers - Assessments and Surveys: Test of Economic Literacy