University lecturers and coordinators of business and economics courses around the world are faced with the challenge that beginning students in these courses have heterogeneous entry conditions in terms of personal characteristics. This article focuses on the economic knowledge of German and Japanese beginning students in a business and economics…

In view of cross-national student mobility and increasing internationalization of the labor market, a common understanding of economic concepts as well as awareness for country-specific factors influencing economics education is essential. Therefore, the development of instruments that allow for comparable investigation across countries is…

According to teaching-learning theories, interventions in educational practice require a valid diagnosis of students' learning preconditions. Cognitive dispositions at the beginning of studies are the strongest predictor of knowledge acquisition. In the context of increasing numbers of beginning students with heterogeneous preconditions, valid…

A series of studies in several countries tested the economic understanding of people, particularly students. The performance of the subjects is typically conceived as showing "deficits". These alleged deficits seem to correspond with scepticism towards market economy. Better test scores in general correlate with higher appraisal of…

This study examined the level of economics knowledge, overall and on specific economic concepts after Albanian 11th grade and 12th grade students completed their required economics course and investigated how economics knowledge differed by student and teacher characteristics. There were 1,509 students who participated in this research from 12…

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…

Reports on a study of economic knowledge and attitudes of 873 upper secondary school, Chinese students. Finds that Chinese students performed better than northern California students on the Test of Economic Literacy. Concludes that the relatively high level of economic knowledge and the impact of Western economic ideas will encourage further…

Tests of achievement in economics have a variety of uses. Their principal role is to evaluate how successful students have been in learning economics on a particular course, either overall or in particular aspects of economics. They may also serve to provide evidence about the efficacy of specific teaching materials and/or strategies. Finally,…

Investigated gender differences in economics education and achievement, using data from a study of Australian secondary school students that collected data on student background and economics achievement (via the Test of Economic Literacy). Results showed few gender differences related to item bias, total performance, and student background…

Describes the administration of the U.S. Test of Economic Literacy (TEL) to eleventh and twelfth grade students in the United Kingdom and the United States. Compares British and U.S. test results. Reports that British students performed better than their U.S. counterparts. Discusses differences between British and U.S. research in economics…

The lack of a German language testing instrument for economic literacy has led to problems for researchers in German-speaking countries to establish the level of economic literacy in those countries. The translation of the 23rd edition (1987) of the Test of Economic Literacy (TEL) into a German version, known as the Wirtschalfliche Bildung Test…