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Teaching Economic Literacy: Why, What and How

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  • Michael K. Salemi

    (University of North Carolina)

Abstract

Instructors typically design the first course in economics to provide students a foundation on which to base further study and, to that end, include many topics in the course. An alternative goal for the first course is to provide students with a self-contained opportunity to attain a deeper understanding and working knowledge of a short list of economics concepts. In this paper, I define economic literacy, explain why the first economics course should target economic literacy, provide suggestions as to which topics should be dropped from the literacy-targeted course, and explain how to use reclaimed class time to promote economic literacy.

Suggested Citation

  • Michael K. Salemi, 2005. "Teaching Economic Literacy: Why, What and How," International Review of Economic Education, Economics Network, University of Bristol, vol. 4(2), pages 46-57.
    • Handle: RePEc:che:ireepp:v:4:y:2005:i:2:p:46-57
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    Citations

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    Cited by:

    1. Helena Chytilová & Zdeněk Chytil, 2014. "Ekonomické vzdělání a peněžní iluze, experimentální přístup [Economic Education and Money Illusion: An Experimental Approach]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(4), pages 500-520.
    2. Nek Kamal Yeop & Norasibah Abdul Jalil, 2010. "Economic Literacy amongst the Secondary School Teachers in Perak Malaysia," Information Management and Business Review, AMH International, vol. 1(2), pages 69-78.
    3. repec:zbw:inwedp:552014 is not listed on IDEAS
    4. Kathryn L. Combs & Monica E. Hartmann & Joseph L. Kreitzer, 2023. "An International Exercise to Increase Awareness of How Market, Political, and Cultural Institutions Affect Economic Activity," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(1), pages 54-77, January.
    5. Ramlee Ismail & Mohd Yahya Mohd Hussin & Fidlizan Muhammad, 2019. "Economic Literacy: Does It Matter for Policy Understanding?," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(5), pages 104-112, December.
    6. Martin Kniepert, 2014. "Die (Neue) Institutionenökonomik als Ansatz für einen erweiterten, offeneren Zugang zur Volkswirtschaftslehre," Working Papers 552014, University of Natural Resources and Life Sciences, Vienna, Department of Economics and Social Sciences, Institute for Sustainable Economic Development.
    7. Novi Trisnawati & Ruri Nurul Aeni Wulandari & Yoyok Soesatyo & Albrian Fiky Prakoso, 2017. "Development of Economics Learning, Problematics, and Student Economics Literacy," International Review of Management and Marketing, Econjournals, vol. 7(3), pages 246-256.
    8. Boulatoff, Catherine & Cyrus, Teresa L., 2022. "Improving student outcomes in large introductory courses," International Review of Economics Education, Elsevier, vol. 41(C).
    9. Amel Ben Abdesslem, 2022. "Teaching Macroeconomics Through Music," Journal of Economics Teaching, Journal of Economics Teaching, vol. 7(3), pages 200-216, October.

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