Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it’s not all about money. Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years.*
Students with a clear understanding of basic economic principles will be better equipped to create a better life, not only for themselves but those around them. This is why economic education is so important at every grade level.
Economic education in our schools depends on K-12 educators being equipped with high-quality training. They also require resources to ensure students have equitable access to classroom experiences that develop the skills necessary to make informed choices as individuals and members of their community.
Econ Ed Month was started by the network of the Council for Economic Education in 2021.