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Why Teach Economics in Grades K-12?

Because we're all better off when we understand the idea of choice and the price (money or otherwise) that must be paid for our choices.

Because we want future adults who can avoid or manage debt, who can help make intelligent decisions about business and government affairs.

Because kids already use economics every day to make choices in their own lives, and can learn from their own behavior and that of their families.

Because economics is really about personal and family choices - about spending, saving, use of time, career, education, even family size, and other major life decisions.

Because it's important for younger children - even in kindergarten - to understand basic ideas of trade-offs, of saving for the future, of limits on our time, energy, and money.

Because Economics is not just a school course - it's a part of history, social studies, health, civics, and even literature.

Conclusion

The crucial issues confronting our society is economic in nature . . . jobs, income taxes, public spending, energy crises, and the critical issues of physical survival. The ability to understand and make sound economic decisions is a basic survival skill that will enable students - our future employees, business people, and government leaders - to effectively cope with the economic uncertainties affecting all our lives.