NCEA Level 3 Economics and Economic Literacy in Introductory Economics at University

Michael Cameron and Rebecca Williams ()
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Rebecca Williams: University of Waikato

Working Papers in Economics from University of Waikato

Abstract: In 2003, New Zealand significantly reorganised high school education by moving to a standards-based assessment approach. This paper investigates whether the economics standards are associated with economic understanding using 2008-2011 data from students at the University of Waikato. We find that there is significant association between NCEA economics and economic literacy. However, some standards have a much closer association with economic literacy, in particular AS90631 and AS90632. These standards are the only standards associated with economic literacy for both high aptitude and low aptitude students. An optimal high school course in economics should include these standards as a minimum.

Keywords: economic literacy; NCEA; standards-based assessment; New Zealand (search for similar items in EconPapers)
JEL-codes: A21 A22 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2012-05-30
New Economics Papers: this item is included in nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:wai:econwp:12/05

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