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NCEA Level 3 Economics and Economic Literacy in Introductory Economics at University

In 2003, New Zealand significantly reorganised high school education by moving to a standards-based assessment approach. This paper investigates whether the economics standards are associated with economic understanding using 2008-2011 data from students at the University of Waikato. We find that there is significant association between NCEA economics and economic literacy. However, some standards have a much closer association with economic literacy, in particular AS90631 and AS90632. These standards are the only standards associated with economic literacy for both high aptitude and low aptitude students. An optimal high school course in economics should include these standards as a minimum.

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File URL: ftp://mngt.waikato.ac.nz/RePEc/wai/econwp/1205.pdf
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Paper provided by University of Waikato, Department of Economics in its series Working Papers in Economics with number 12/05.

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Length: 15 pages
Date of creation: 30 May 2012
Date of revision:
Handle: RePEc:wai:econwp:12/05
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  1. Michael P. Cameron & Steven Lim, 2011. "Recognising and Building on Freshman Students' Prior Knowledge of Economics," Working Papers in Economics 11/05, University of Waikato, Department of Economics.
  2. Becker, William E & Greene, William & Rosen, Sherwin, 1990. "Research on High School Economic Education," American Economic Review, American Economic Association, vol. 80(2), pages 14-22, May.
  3. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
  4. Jane S. Lopus, 1997. "Effects of the High School Economics Curriculum on Learning in the College Principles Class," The Journal of Economic Education, Taylor & Francis Journals, vol. 28(2), pages 143-153, June.
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