ECONOMIC EDUCATION IN HUMAN RESOURCES DEVELOPMENT

Elvira Nica (), Adina Teodora Pasa () and Maria Kovacova ()
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Elvira Nica: Bucharest University of Economic Studies, Romania
Adina Teodora Pasa: Bucharest University of Economic Studies, Romania
Maria Kovacova: University of Zilina, Slovak Republic

Proceedings of Administration and Public Management International Conference, 2019, vol. 15, issue 1, 12-16

Abstract: Economic educationis a branch of education focused on transferring economic knowledge to an individual. The objective of the economic education is to make economic knowledge available to the individuals in order to influence positively the human resources development. The lack of economic knowledge triggers disadvantages for individual sand organizations as money or opportunities are lost. The ownership of economic knowledge enables the human resources development, as decisionsare taken efficiently, which creates an important competitive advantage. More and more countries inthe European Union are recognizing the role economic education has for the economic development,in general, and for the human resources, in particular. Introduction of economic education in school curriculum aim to facilitate the easy access to information, which provides a fundamental basis of knowledge sharing. A higher capacity of individuals to distinguish between basic economic notion simplies a greaterknowledge of the factors that influence the economic environment. Economic education encourages the development of human resources generating benefits not only for the individual and the organization, but also for the economy. This approach provides a strong basis to reduce the disparities between the individual sand the economies, and to anticipate the down turns of the economic cycle.

Keywords: competitive advantage; economic cycle; economic environment; economic knowledge; human resources development; school curriculum. (search for similar items in EconPapers)
Date: 2019
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