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Students Economic Literacy between Real and Ideal

Author

Listed:
  • Maria Liana LÃCÃTUS

    (The Bucharest University of Economic Studies, Romania)

  • Camelia STÃICULESCU

    (The Bucharest University of Economic Studies, Romania)

Abstract

This paper presents vary perspectives on what could represent economic literacy, based on analysis of different tests of economic literacy used to identify economic knowledge and thinking skills of youngsters with special focus on students. The basic assumption is that although all tests of economic literacy are describing the minimum level of economic education needed for an optimal functioning and integration of a person in a contemporary society, for Romanian pre-university system, they are describing more an ideal for economic education than the existing reality. This assumption has been tested in a group of teachers of economics and business from 14 counties in Romania, including Bucharest, the capital city, that have provided information regarding economic knowledge and mentalities they identified at students.

Suggested Citation

  • Maria Liana LÃCÃTUS & Camelia STÃICULESCU, 2016. "Students Economic Literacy between Real and Ideal," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(3), pages 205-211, July.
    • Handle: RePEc:rom:rmcimn:v:17:y:2016:i:3:p:205-211
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    File URL: https://rmci.ase.ro/no17vol3/02.pdf
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    References listed on IDEAS

    as
    1. Michael Watts, 1998. "Who values economic literacy?," The Region, Federal Reserve Bank of Minneapolis, vol. 12(Dec), pages 44-48.
    2. Becker, Gary S., 1992. "The Economic Way of Looking at Life," Nobel Prize in Economics documents 1992-1, Nobel Prize Committee.
    3. Walstad, William B & Soper, John C, 1988. "A Report Card on the Economic Literacy of U.S. High School Students," American Economic Review, American Economic Association, vol. 78(2), pages 251-256, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic literacy; basic economic concepts; economic thinking skills; test of economic literacy.;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General

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