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Undergraduate students’ economic literacy, knowledge of the country’s economic performance and opinions regarding appropriate economic policies

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  • João Martins

    (NIPE and Department of Economics, University of Minho; and UNU-EGOV)

  • Linda G. Veiga

    (NIPE and Department of Economics, University of Minho; and UNU-EGOV)

Abstract

Based on a survey of more than 400 students at the University of Minho in Portugal, we analyse the relationship of (1) basic economic literacy, (2) knowledge of the country’s economic performance, and (3) opinions regarding appropriate economic policies, with previous economic training, and other socioeconomic variables. The results clearly show that economic training has a positive influence on students’ economic literacy and knowledge of the country’s current economic data and conditions. It also influences their assessment of how economic policy should be conducted. We argue that more training in Economics, both at the high school and university levels, is necessary to improve citizens’ knowledge for making personal and social decisions on economic issues. This recommendation is particularly relevant for countries that recently underwent deep economic crises.

Suggested Citation

  • João Martins & Linda G. Veiga, 2019. "Undergraduate students’ economic literacy, knowledge of the country’s economic performance and opinions regarding appropriate economic policies," NIPE Working Papers 15/2019, NIPE - Universidade do Minho.
    • Handle: RePEc:nip:nipewp:15/2019
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    Cited by:

    1. Murat TEKBAS, 2021. "An Empirical Research on the Factors Determining Economic Literacy Level," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 99-111, June.

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    Keywords

    economic literacy; knowledge of the country’s economic performance; opinion on economic policies; training in Economics;
    All these keywords.

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