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Enhancing Economic Literacy through Causal Diagrams

Author

Listed:
  • Pavlov, Oleg V.
  • Smirnova, Natalia V.
  • Smirnova, Elena V.

Abstract

A literacy-targeted approach to economic instruction draws on insights from cognitive science. It highlights that students process complex economic information by constructing and modifying schemas that represent economic material. Following this approach, we developed a set of instructional activities centered around causal diagrams that promote a deeper understanding of economic topics beyond the traditional lecture-based methods. Our results show that structural debriefing activities can be used effectively to introduce students to the causal diagrams that explain key economic relationships in the national income model, government-purchases multiplier and tax multiplier.

Suggested Citation

  • Pavlov, Oleg V. & Smirnova, Natalia V. & Smirnova, Elena V., 2025. "Enhancing Economic Literacy through Causal Diagrams," GLO Discussion Paper Series 1547, Global Labor Organization (GLO).
    • Handle: RePEc:zbw:glodps:1547
    as

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    File URL: https://www.econstor.eu/bitstream/10419/308103/1/GLO-DP-1547.pdf
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    References listed on IDEAS

    as
    1. Hassan Qudrat-Ullah, 2020. "Improving Human Performance in Dynamic Tasks with Debriefing-Based Interactive Learning Environments: An Empirical Investigation," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 19(04), pages 1065-1089, July.
    2. William L. Goffe & Scott A. Wolla, 2024. "Cognitive science teaching strategies and literacy-targeted economics complementarities," The Journal of Economic Education, Taylor & Francis Journals, vol. 55(2), pages 156-165, April.
    3. N. Gregory Mankiw, 2021. "The Past and Future of Econ 101: The John R. Commons Award Lecture," The American Economist, Sage Publications, vol. 66(1), pages 9-17, March.
    4. Carlos Capelo & Ana Lorga Silva, 2020. "Optimising the Learning Potential of Simulations Through Structural Transparency and Exploratory Guidance," Simulation & Gaming, , vol. 51(4), pages 498-523, August.
    Full references (including those not matched with items on IDEAS)

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    1. Oleg V. Pavlov & Natalia V. Smirnova & Elena V. Smirnova, 2025. "Enhancing Economic Literacy through Causal Diagrams," Papers 2501.12639, arXiv.org.
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    More about this item

    Keywords

    economic education; literacy-targeted teaching; constructivism; schemas; causal diagrams; causal skeleton; national income model; multiplier;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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