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A Survey of Economic Understanding in U.S. High Schools

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  • Roger B. Butters
  • Carlos J. Asarta

Abstract

The recent widespread adoption of online competitions in economic education provides a unique opportunity to make frequent assessments of economic literacy in U.S. classrooms. In this survey, student responses to test items from the Test of Economic Literacy (TEL) are used to create economic concept and content area achievement benchmarks. These benchmarks provide an interim renorming of the TEL and allow the authors to gauge the status of economic understanding among high school students. The data also allow the authors to compare learning outcomes between regular and advanced economics classes. Finally, the authors find that students in advanced economics classes significantly outperform students in regular classes.

Suggested Citation

  • Roger B. Butters & Carlos J. Asarta, 2011. "A Survey of Economic Understanding in U.S. High Schools," The Journal of Economic Education, Taylor & Francis Journals, vol. 42(2), pages 200-205, June.
    • Handle: RePEc:taf:jeduce:v:42:y:2011:i:2:p:200-205
    DOI: 10.1080/00220485.2011.555723
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    Cited by:

    1. Butters, Roger & Asarta, Carlos & Thompson, Eric C., 2013. "The Production of Economic Knowledge in Urban and Rural Areas: The Role of Student, Teacher, and School Characteristics," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45(1), pages 1-15, February.
    2. Robert G. Valletta & K. Jody Hoff & Jane S. Lopus, 2014. "Lost In Translation? Teacher Training And Outcomes In High School Economics Classes," Contemporary Economic Policy, Western Economic Association International, vol. 32(4), pages 695-709, October.
    3. Carlos Asarta & Ken Rebeck, 2011. "Measurement Techniques of Student Performance and Literacy: College and High School," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 29, Edward Elgar Publishing.
    4. 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.
    5. Carlos J. Asarta & Roger B. Butters & Eric Thompson, 2013. "The Gender Question in Economic Education: Is it the Teacher or the Test?," Working Papers 13-12, University of Delaware, Department of Economics.

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