This study was undertaken in 1974 to determine the extent of economic education in the secondary schools of California and the formal economics training of the teachers. Questionnaires were mailed to the principals of all the junior and senior high schools in California. Approximately 1300 questionnaires were mailed and 480 returned. Since a similar study was conducted in 1966, some comparative data are available. About 38% of the schools indicated that they offered a separate one-semester course in economics for grade 12. This is a small improvement over the 31% in the 1966 survey. Consumer economics has increased in relative importance as 139 schools reported courses in this area, 68 in general economics, and 48 equally divided between consumer and general economics in the current survey. Thirty-eight secondary schools offer a one-quarter semester course in economics and enroll 42,333 students. In 1966, 32 schools reported offering this course but enrolled 32,567 students. The economics training of personnel teaching separate economics courses has shown some improvement since 1966, although 134 teachers of such courses have no college economics and an additional 85 have less than three units of credit. The separate economics classes in 1974 and 1966 were taught predominantly by social science teachers. (Author/RM)