Contends that the biggest gains in student understanding of economic principles are made in formal economics courses. Reports on an analysis of data from three national tests of economic knowledge. Finds that a formal course or an extensive economics unit leads to larger gains in student achievement. (CFR)

Employs panel-data techniques, using data from the national norming of the Test of Economic Literacy, to measure instructor characteristics in effective teaching of high school economics. Measures the effect of prior training on economics instruction and school district characteristics. Suggests teachers as a key link in the educational process…

Reports on the adaptation and replication of Jane Leuthold's experiment concerning consumer choice, investments, and free riding indexes. A similar experiment, conducted in a Ukrainian classroom, produced similar results with a few notable exceptions. The exceptions reflected the Ukrainians' lack of familiarity with western economic thought. (MJP)

Compares the coverage and accuracy of economics in the National Council on Economic Education voluntary standards with the treatment of economics in other K-12 standards. Considers the economic concepts and relationships emphasized in the history, civics, and social studies standards. Includes a table illustrating economic concepts and other…

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)