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The Case For Economics In The Elementary Classrooms Semantic Scholar

Leo Migdal
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the case for economics in the elementary classrooms semantic scholar

Economic literacy essential for decision making Elementary curricula should include economics Courses, learning materials available for instructors As adults, today's students will be confronted with economic issues that require decisions, the consequences of which will impact their lives and the lives of others. In the ordinary business of life, they will make decisions about what to buy, how much of their income they should spend, and how much to save and what careers to pursue. As citizens, they will need to understand the fallacy in politicians' promises to cut taxes and increase spending on a variety of public goods.

They will be expected to read newspaper articles on the actions of the Federal Reserve Board and comprehend how these decisions affect them as consumers, producers and savers. Students who are not articulate and well informed about economic principles and who lack the ability to apply economic reasoning skills will find the economic issues they face both as young children, and as... Their decisions will be made based on incorrect assumptions, misunderstandings and misconceptions that could have been corrected during their school experience. The need for economic literacy has been well stated by numerous groups and individuals. James Tobin, 1981 Nobel Laureate, clearly established the case for economic education and its benefits for individuals and for society in a Wall Street Journal article. He said:

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Economic Literacy Essential For Decision Making Elementary Curricula Should Include

Economic literacy essential for decision making Elementary curricula should include economics Courses, learning materials available for instructors As adults, today's students will be confronted with economic issues that require decisions, the consequences of which will impact their lives and the lives of others. In the ordinary business of life, they will make decisions about what to buy, how muc...

They Will Be Expected To Read Newspaper Articles On The

They will be expected to read newspaper articles on the actions of the Federal Reserve Board and comprehend how these decisions affect them as consumers, producers and savers. Students who are not articulate and well informed about economic principles and who lack the ability to apply economic reasoning skills will find the economic issues they face both as young children, and as... Their decision...

All Material On This Site Has Been Provided By The

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedmrr:y:1998:i:dec:p:38-43:n:v.12no.4. See general information about how to correct material in RePEc. If you have authored this item and are not yet registered with RePEc, we encourage you to do...

It Also Allows You To Accept Potential Citations To This

It also allows you to accept potential citations to this item that we are uncertain about. We have no bibliographic references for this item. You can help adding them by using this form . If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, ...

Please Ask Jannelle Ruswick To Update The Entry Or Send

Please ask Jannelle Ruswick to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/cfrbmus.html . File(s): http://minneapolisfed.org/publications_papers/pub_display.cfm?id=3587 Provider: Federal Reserve Bank of Minneapolis