In an increasingly complex financial world, personal finance education is more important today than ever. Nevertheless, the number of states incorporating personal finance concepts into their academic standards is not rising significantly, and students are demonstrating few gains, if any, in their knowledge of those concepts. One reason for this…

This paper explores problems inherent in requiring elementary and secondary school social studies teachers to teach economics and be tested with regard to their knowledge of economics without requiring any academic preparation in economic education. Information is based on test scores of 34 elementary and secondary school Texas social studies…

A paradigm for learning economic concepts based on cognitive development and learning theory is offered as a guideline for teaching and research. Discussion is divided into two sections. The first section establishes the model's theoretical framework, which is based on two propositions. The first of these is that economic knowledge is not a fixed…

Economic literacy and economic efficacy are addressed by examining basic goals and assumptions of economic education and by suggesting areas that need systematic attention and investigation. To clarify goals, an operational definition of economic literacy must be developed and used in a criterion-referenced testing instrument. A definition of…

This volume represents the work of the Mid-continent Regional Education Laboratory (McREL) in surveying and consolidating the national and state efforts to identify what students in kindergarten through grade 12 should know and be able to do in a variety of subject areas. McREL researchers consulted 116 national and state documents that address…