Enhancing Economic Literacy through Causal Diagrams

Oleg V. Pavlov, Natalia Smirnova and Elena V. Smirnova

No 1547, GLO Discussion Paper Series from Global Labor Organization (GLO)

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.

Keywords: economic education; literacy-targeted teaching; constructivism; schemas; causal diagrams; causal skeleton; national income model; multiplier (search for similar items in EconPapers)
JEL-codes: A10 A22 (search for similar items in EconPapers)
Date: 2025
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/308103/1/GLO-DP-1547.pdf (application/pdf)

Related works:
Working Paper: Enhancing Economic Literacy through Causal Diagrams (2025)
Working Paper: Enhancing Economic Literacy through Causal Diagrams (2025)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:1547

Access Statistics for this paper

More papers in GLO Discussion Paper Series from Global Labor Organization (GLO) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().