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Economic literacy. UM Economic Literacy What do UM students really know about
Economics? is a question I?ve always wanted to answer ...
... The laboratory lists the following 8 literacies: Basic Literacy, Scientific Literacy,
Economic Literacy, Technological Literacy, Visual Literacy, Information ...
... Douglass does not note the relevance of literacy for economic success, for in the
nineteenth century making a living was not as dependent on literacy skills as ...
... lies ahead. As our society moves on into the next century literacy is proving
vital to economic performance. Without basic literary ...
... References Buchholz, T. (1996). From Here to Economy: A Shortcut to Economic Literacy.
New York, The Meridian Company. McConnell, C. & Brue, S. (2004). ...
Submitted by johann1988 on February 4, 2007
Category: Biographies
Words: 511 | Pages: 3
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UM Economic Literacy
What do UM students really know about Economics? is a question I‘ve always wanted to answer since Economics plays an important role in everyone’s life because we all are confronted daily with economic issues related to topics such as inflation, unemployment, economic growth, federal budget deficits, taxes, government spending and many others in different ways, mainly through news media by reading newspapers or by watching the news, but do college students really understand what each of this topics mean and how they affect the American economy? I think the answer is definitely in Economics education because they first need to study and understand the economy theory in order to apply it into real life and to be able to identify and describe the various economics phenomena that happen around them.
According to the national survey that was conducted by the National Center for Research in Economics Education at the University of Nebraska-Lincoln in 1992, most American college students know very little about economics. This conclusion made me reflect on our society, taking into account that students are the future of this country and at least basic knowledge about economics is necessary to improve the quality of their lives and make American economy grow. Therefore, this study has encouraged me to conduct my own survey at the University of Miami, specifically to the students from the school of business to find out if that conclusion also applies to UM.
My study had three main objectives. First, it assessed the economic knowledge of UM students from the School of Business about basic economic topics that arise in discussions of the national economy and economic events and which are related to the economy theory, making students differentiate aspects of Microeconomics from the ones that belong to Macroeconomics. Second, it measured the importance that UM business...
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