Economic Understanding in US High School Courses

William B. Walstad

American Economic Review, 2013, vol. 103, issue 3, 659-63

Abstract: The effects of courses on student achievement are studied using 2006 data from the National Assessment of Educational Progress (NAEP) in economics. A regression analysis showed expected and significant achievement differences by course, with the highest scores in advanced economics, followed by general economics. Courses in business and personal finance were not substitutes for advanced or general economics courses. A probit analysis showed that students taking economics courses relative to personal finance courses are significantly more likely to think their courses helped them understand the US economy, the international economy, and current events--but not how to manage personal finances.

JEL-codes: A21 (search for similar items in EconPapers)
Date: 2013
Note: DOI: 10.1257/aer.103.3.659
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Citations: View citations in EconPapers (7)

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