A series of studies in several countries tested the economic understanding of people, particularly students. The performance of the subjects is typically conceived as showing "deficits". These alleged deficits seem to correspond with scepticism towards market economy. Better test scores in general correlate with higher appraisal of…

This study explored the effect of experiential and experience-based approaches to learning and instruction on transitional first grade students' (a) acquisition and use of economic concepts and (b) economic reasoning ability as indicated by the presence or absence of misconceptions about economic concepts. A pretest-posttest control group design…

Describes a classroom exercise designed to illustrate the economic aspects of common ownership, individual ownership, government regulation and to examine how these relate to conservation. The exercise involves the incremental distribution (via a turkey baster) of water between buckets marked "now" and "future." Different rules replicate different…