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Panel Discussion Sagamore Institute – July 25, 2012

Panel Discussion Sagamore Institute – July 25, 2012. Economics Education is Important A Shift from Economic Education to Financial Literacy Less Emphasis on Economic Education in the K-8 Grades . Economics Is Important. Why? It helps children make sense of the world around them.

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Panel Discussion Sagamore Institute – July 25, 2012

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  1. Panel DiscussionSagamore Institute – July 25, 2012 • Economics Education is Important • A Shift from Economic Education to Financial Literacy • Less Emphasis on Economic Education in the K-8 Grades

  2. Economics Is Important • Why? • It helps children make sense of the world around them. • In this sense, economic literacy is very empowering for children. It builds confidence.

  3. A Shift from Economic Education to Financial Literacy • Has taken place during the last 15 years or so. • “Students can’t even balance a checkbook these days!” • “Economics is not about making money, it’s about making decisions.”

  4. Less Emphasis on Economic Education in the K-8 Grades • The Standards movement and accountability/high-stakes testing has resulted in less K-8 economic education. • Why is this a concern? • Economics is interesting for children.

  5. “People who are highly motivated to learn generally do learn. Those who are not motivated seldom do. Without effective student motivation, nothing else matters much.” G.L. Bach (Quoted in The Classroom Mini-Economy)

  6. “My son is one of the students with special needs. His disability – autism – makes it very difficult for him to understand abstract concepts….Through the use of these many different approaches [Classroom Mini-Economy], Mrs. Salsman has been able to achieve a real breakthrough with my son and teach him so much about the value of money, working, getting paid, spending and saving. For a child with his disability to have made so much progress in one school year could easily be considered a miracle.”

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