ERIC Number: EJ611899
Record Type: CIJE
Publication Date: 2000
Buy Low, Sell High: The Development of an Informal Theory of Economics.
Thompson, Douglas R.; Siegler, Robert S.
Child Development, v71 n3 p660-77 May-Jun 2000
Two experiments examined development of economic understanding among 5-, 7- and 9-year-olds. Found that most 5-year-olds understood the goal of acquiring desired goods, and most 7- and 9-year-olds also understood the goals of seeking profits, acquiring goods inexpensively, and competing successfully with other sellers. Results suggest that older children had constructed an informal theory of economics. (Author/KB)
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Authoring Institution: N/A