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Economic Education
Economics education or economic education is a field within economics that focuses on two main themes: *The current state of, and efforts to improve, the economics curriculum, materials and pedagogical techniques used to teach economics at all educational levels; and *Research into the effectiveness of alternative instructional techniques in economics, the level of economic literacy of various groups, and factors that influence the level of economic literacy. Economics education is distinct from economics of education, which focuses on the economics of the institution of education. This article discusses the field conceptually, and also provides a general outline of the typical curriculum. Economics education Characterization Akarowhe found that Economics Education can be seen as a process, science and product: *as a process - economics education involves a time phase of inculcating the needed skills and values on the learners, in other words, it entails the preparation of lear ...
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AP Economics
Advanced Placement (AP) Economics (also known as AP Econ) refers to two College Board Advanced Placement Program courses and exams addressing various aspects of the field of economics: *AP Macroeconomics Advanced Placement (AP) Macroeconomics (also known as AP Macro and AP Macroecon) is an Advanced Placement macroeconomics course for high school students that culminates in an exam offered by the College Board. Study begins with fundamental econ ... * AP Microeconomics {{set index AP Economics Economics education ...
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Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ...
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Traditional Education
Traditional education, also known as back-to-basics, conventional education or customary education, refers to long-established customs that society has traditionally used in schools. Some forms of education reform promote the adoption of progressive education practices, and a more holistic approach which focuses on individual students' needs; academics, mental health, and social-emotional learning. In the eyes of reformers, traditional teacher-centered methods focused on rote learning and memorization must be abandoned in favor of student centered and task-based approaches to learning. Depending on the context, the opposite of ''traditional education'' may be progressive education, modern education (the education approaches based on developmental psychology), or alternative education. Purposes The primary purpose of traditional education is to continue passing on those skills, facts, and standards of moral and social conduct that adults consider to be necessary for the next generat ...
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Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for ...
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Rethinking Economics
Rethinking Economics is a network of academic scholars and students in several countries that promotes pluralism in economics. It grew out of the broader International Student Initiative for Pluralist Economics and has groups in the United Kingdom, Italy, the Netherlands, India, Bangladesh, the US, Norway and many more countries. The goal of the movement is to open up the discipline to different schools of thought in economics other than neoclassical economics and to other disciplines in the social sciences. Another aim is to make economics more accessible to the broader public. Background In 2011, the Bank of England organized a conference ‘Are Economics Graduates Fit for Purpose?’ which although widely discussed did not lead to substantive changes in the way economics is taught in many universities. Subsequently, a group of Manchester economics students who were dissatisfied with the inertia of the economics discipline after the Great Recession founded the Post-Crash Economics ...
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Secondary Education
Secondary education or post-primary education covers two phases on the International Standard Classification of Education scale. Level 2 or lower secondary education (less commonly junior secondary education) is considered the second and final phase of basic education, and level 3 (upper) secondary education or senior secondary education is the stage before tertiary education. Every country aims to provide basic education, but the systems and terminology remain unique to them. Secondary education typically takes place after six years of primary education and is followed by higher education, vocational education or employment. In most countries secondary education is compulsory education, compulsory, at least until the age of 16. Children typically enter the lower secondary phase around age 12. Compulsory education sometimes extends to age 19. Since 1989, education has been seen as a basic human right for a child; Article 28, of the Convention on the Rights of the Child states that ...
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Higher Education
Higher education is tertiary education leading to award of an academic degree. Higher education, also called post-secondary education, third-level or tertiary education, is an optional final stage of formal learning that occurs after completion of secondary education. It represents levels 6, 7 and 8 of the 2011 version of the International Standard Classification of Education structure. Tertiary education at a non-degree level is sometimes referred to as further education or continuing education as distinct from higher education. The right of access to higher education The right of access to higher education is mentioned in a number of international human rights instruments. The UN International Covenant on Economic, Social and Cultural Rights of 1966 declares, in Article 13, that "higher education shall be made equally accessible to all, on the basis of capacity, by every appropriate means, and in particular by the progressive introduction of free education". In Europe, Ar ...
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Federal Reserve System
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. U.S. Congress, Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and bank regulation, regulating ...
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Educational Assessment
Educational assessment or educational evaluation is the systematic process of documenting and using empirical data on the knowledge, skill, attitudes, aptitude and beliefs to refine programs and improve student learning. Assessment data can be obtained from directly examining student work to assess the achievement of learning outcomes or can be based on data from which one can make inferences about learning. Assessment is often used interchangeably with test, but not limited to tests. Assessment can focus on the individual learner, the learning community (class, workshop, or other organized group of learners), a course, an academic program, the institution, or the educational system as a whole (also known as granularity). The word 'assessment' came into use in an educational context after the Second World War. As a continuous process, assessment establishes measurable and clear student learning outcomes for learning, providing a sufficient amount of learning opportunities to achi ...
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National Center For Research In Economic Education
The National Center for Research in Economic Education (NCREE) is a non-profit center located at the University of Nebraska-Lincoln in Lincoln, Nebraska, US. Its primary function is to assist researchers and other organizations with research, assessment and evaluation projects in economics education. The NCREE has designed, developed and revised widely used standardized test A standardized test is a test that is administered and scored in a consistent, or "standard", manner. Standardized tests are designed in such a way that the questions and interpretations are consistent and are administered and scored in a predete ... instruments for assessing the economics knowledge of students at various stages of education (e.g., Basic Economics Test (BET), Test of Economic Knowledge (TEK), Test of Economic Literacy (TEL) and Test of Understanding in College Economics (TUCE)). The NCREE is home to REED, the Research in Economic Education Data Base. External links National Center for R ...
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Junior Achievement
JA (Junior Achievement) Worldwide is a global non-profit youth organization founded in 1919 by Horace A. Moses, Theodore Vail, and Winthrop M. Crane. JA works with local businesses, schools, and organizations to deliver experiential learning programs in the areas of work readiness, financial literacy, and entrepreneurship to students from ages 5 to 25. History ''Boys' and Girls' Bureau of the Eastern States ''was founded in Springfield, Massachusetts, in 1919, as a spinoff of the Eastern States Exposition, to help educate young people moving from rural areas to the cities about the means of production and free enterprise. The following year, the organization's name was changed to the Junior Achievement Bureau. The name was modified in 1926 to Junior Achievement, Inc. Following World War II, the organization grew from a regional into a national organization. In the 1960s, JA began its growth into an international organization. Beginning in 1944, Junior Achievement organize ...
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Foundation For Teaching Economics
The Foundation for Teaching Economics (FTE) is an organization founded in 1975 that promotes economics education by hosting workshops for high school students and teachers, and by providing educational resources to teachers. History The organization was established in 1975 by Jaquelin H. Hume, the co-founder of Basic American Foods.Bruce LambertJaquelin Hume, 86, Dried Fruit Producer and Philanthropist ''The New York Times'', October 04, 1991Food Processing Pioneer Jack Hume
'''', October 06, 1991

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