The authors introduce a test of economic competence for German-speaking secondary school students and provide evidence from a large-scale assessment with 6,230 students from grades 7 to 10. They present the development and psychometric properties of the scale, along with an investigation of predictors of economic competence. They find evidence of…

In this article, the authors present the adaptation and validation processes conducted to render the American "Test of Financial Literacy" (TFL) suitable for use in Germany (TFL-G). First, they outline the translation procedure followed and the various cultural adjustments made in line with international standards. Next, they present…

After graduating high school, underage individuals soon face ever more complex and important financial decisions. Pivotal to the development of improved financial literacy programs is a comprehensive examination of financial literacy levels and potentially related factors. The authors conducted a survey among German high school students and found…

In this article, the authors present the findings of a pretest-posttest measurement of the economic knowledge of students in introductory economics courses in undergraduate study programs in Germany. The responses of 403 students to 14 items selected from the "Test of Economic Literacy" (Soper and Walstad 1987) were analyzed to identify…

The Great Recession raised questions of what and how macroeconomists teach at academic institutions around the globe, and what changes in the macroeconomics curriculum should be made. The authors conducted a survey of undergraduate macroeconomics instructors affiliated with colleges and universities in Europe and the United States at the end of…

Little research in economic education has dealt with MBA programs. The authors investigated student performance in a microeconomics/managerial economics course taught in a one-year MBA program at the German International School of Management and Administration in Hanover, Germany, during the 2002-5 academic years. After controlling for other…

Presents evidence of a substantial decline in undergraduate degrees in economics from 1992 through 1996 in Australia, Canada, Germany, and the United States. Finds no correlation between decline and degree cost, tightened grading standards, or degree requirements. Finds increased interest in business education to be the predominant cause. (RLH)

Maintains that university economics classes focus on mainstream economics and neglect ethical values. Reports on a study of 511 university students and 645 households in Zurich, Switzerland, and Berlin, Germany. Finds that students' evaluation of fairness in economic transactions remains stable during the period of time they participate in…

In the information age, an exchange with the media is part of the duties the economics profession has to deliver to educate the public. A key issue is the education of policymakers through the media. It is the silver bullet of policy advice in comparison to commissioned research and face-to-face advice provided to the politician. It also pleases…