This research study was based upon a national survey in March 1992, conducted to assess the economic literacy of the U.S. public. The survey data were used to measure the economic knowledge of the public, to identify factors that affect economic knowledge, and to evaluate the influence of economic knowledge on public opinion about current economic…

An explanation of the statistical problems encountered in economics education research with using ordinary least squares (OLS) rather than two-stage least squares (TSLS) in the context of simultaneous structural equations is provided. When endogeneous variables are simultaneously related in a system of equations, alternative statistical estimation…

Presents the results of a study suggesting that economic knowledge, whether measured by a general score or knowledge of a particular issue, is the most consistent and influential factor affecting public opinion. Surveyed a broad range of participants concerning five complex issues of economic policy. Includes questions, tables, and statistics.…

Briefly reviews and criticizes recent research into declining undergraduate economics enrollment. Argues that this research fails to consider an integral variable, the student's perspective. Recommends a 1981 student survey profile as a model to follow for future research. (MJP)

Asserts that the primary goal of economics education is to help students understand the economic world around them and make more informed personal and social decisions. Reviews comparative studies of economic education and student achievement in the United States, Japan, Germany, Austria, Australia, and the United Kingdom. (CFR)