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How to put economics in pre-colleg education?

Dark-one
Posts: 211
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6/12/2016 8:34:23 AM
Posted: 5 months ago
When you go out into the street ask people-- where does money come from?...

If the phrase "federal reserve banking", or the word "loans" do not come out of their mouths, then that is a problem.

It has been my experience that few people understand basic elements of economics and finance.
I'm not talking about stock options, or all those acronyms, or the differences between Keynes's and Hayek's perspectives.

People need to understand the laws of supply and demand. People need to know what Federal Reserve Banking is. People need to know what monetary theory is. People need to know why the gold standard existed. These are just some examples.

Otherwise, they will have little clue what's going on in the world around them in terms of general financial being.

Why this isn't taught in middle school or high school boggles me.

Ideas?
Reigon
Posts: 8
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6/12/2016 3:04:55 PM
Posted: 5 months ago
At 6/12/2016 8:34:23 AM, Dark-one wrote:
When you go out into the street ask people-- where does money come from?...

If the phrase "federal reserve banking", or the word "loans" do not come out of their mouths, then that is a problem.

It has been my experience that few people understand basic elements of economics and finance.
I'm not talking about stock options, or all those acronyms, or the differences between Keynes's and Hayek's perspectives.

People need to understand the laws of supply and demand. People need to know what Federal Reserve Banking is. People need to know what monetary theory is. People need to know why the gold standard existed. These are just some examples.

Otherwise, they will have little clue what's going on in the world around them in terms of general financial being.

Why this isn't taught in middle school or high school boggles me.

Ideas?

In my high school we had a semester of Government and Economics in Social Studies.
It was very brief and more focused on preparing students to be financially literate for the real world (loans, debts, APR etc etc.) There was a brief mention of the Federal Reserve and what they did to combat unemployment and inflation.
Dark-one
Posts: 211
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6/12/2016 6:29:13 PM
Posted: 5 months ago
At 6/12/2016 3:04:55 PM, Reigon wrote:
At 6/12/2016 8:34:23 AM, Dark-one wrote:
When you go out into the street ask people-- where does money come from?...

If the phrase "federal reserve banking", or the word "loans" do not come out of their mouths, then that is a problem.

It has been my experience that few people understand basic elements of economics and finance.
I'm not talking about stock options, or all those acronyms, or the differences between Keynes's and Hayek's perspectives.

People need to understand the laws of supply and demand. People need to know what Federal Reserve Banking is. People need to know what monetary theory is. People need to know why the gold standard existed. These are just some examples.

Otherwise, they will have little clue what's going on in the world around them in terms of general financial being.

Why this isn't taught in middle school or high school boggles me.

Ideas?

In my high school we had a semester of Government and Economics in Social Studies.
It was very brief and more focused on preparing students to be financially literate for the real world (loans, debts, APR etc etc.) There was a brief mention of the Federal Reserve and what they did to combat unemployment and inflation.

I feel better already. Thank you for this feel good story.
Reigon
Posts: 8
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6/12/2016 8:38:20 PM
Posted: 5 months ago
At 6/12/2016 6:29:13 PM, Dark-one wrote:
At 6/12/2016 3:04:55 PM, Reigon wrote:
At 6/12/2016 8:34:23 AM, Dark-one wrote:
When you go out into the street ask people-- where does money come from?...

If the phrase "federal reserve banking", or the word "loans" do not come out of their mouths, then that is a problem.

It has been my experience that few people understand basic elements of economics and finance.
I'm not talking about stock options, or all those acronyms, or the differences between Keynes's and Hayek's perspectives.

People need to understand the laws of supply and demand. People need to know what Federal Reserve Banking is. People need to know what monetary theory is. People need to know why the gold standard existed. These are just some examples.

Otherwise, they will have little clue what's going on in the world around them in terms of general financial being.

Why this isn't taught in middle school or high school boggles me.

Ideas?

In my high school we had a semester of Government and Economics in Social Studies.
It was very brief and more focused on preparing students to be financially literate for the real world (loans, debts, APR etc etc.) There was a brief mention of the Federal Reserve and what they did to combat unemployment and inflation.

I feel better already. Thank you for this feel good story.

Np, I'm from NYC not sure how it differs in other states.
Rukado
Posts: 527
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6/14/2016 9:06:50 PM
Posted: 5 months ago
It's corruption that while kids are required to take a lot of classes, basic economics isn't one of those classes.
Arabellaalice
Posts: 3
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6/15/2016 9:55:56 AM
Posted: 5 months ago
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zakbut
Posts: 1
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8/4/2016 8:25:48 AM
Posted: 4 months ago
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Jackkevin
Posts: 3
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8/11/2016 11:24:38 AM
Posted: 3 months ago
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