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Accession Number PB2013-107589
Title Economics Framework for the National Assessment of Educational Progress, 2012 Abridged.
Publication Date 2012
Media Count 18p
Personal Author N/A
Abstract Economic literacy is essential for individuals to function effectively in their own personal lives, as participants in an increasingly connected world economy, and as citizens. It is difficult to function as a productive member of society without some knowledge of economic concepts and ideas and an ability to apply basic economic analysis to solve everyday problems. A knowledge of economics is necessary for the understanding and the analysis of a wide variety of applications, including those involving individual and household choices, personal finance issues, business and entrepreneurial decisions, and public policy. Economic principles can be learnedand just as important, are appliedas much in the classroom as in the grocery store aisle. Economic literacy is defined as the ability to identify, analyze, and evaluate the consequences of individual decisions and public policy. It includes an understanding of the fundamental constraints imposed by limited resources; how economies and markets work; and the benefits and costs of economic interaction and interdependence among people and nations. The Economics Framework for the 2012 National Assessment of Educational Progress provides a guide for the development of the 2012 National Assessment of Educational Progress (NAEP) Economics Assessment. The framework is designed to assess the outcomes of students education in and understanding of economics in grade 12 as part of NAEP.
Keywords Economic education
Economic literacy
Economics assessment
International economy
Market economy
National economy
Students' economic education

Source Agency Department of Education, Washington, DC.
NTIS Subject Category 92D - Education, Law, & Humanities
70F - Public Administration & Government
96 - Business & Economics
88E - Reference Materials
Corporate Author National Assessment Governing Board, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1316
Contract Number N/A

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