This article describes a model that can be used to introduce basic economic concepts to children at the K-8 grade levels and lay a foundation for the later study of markets and prices. The model focuses on non-market environments, such as homes and schools, where people first experience economic...

By the beginning of the 21st century economics had been included among the subjects for which 49 states had adopted mandatory academic standards or guidelines. A first-time assessment of 12th grade students in economics was scheduled by the National Assessment of Education Progress for 2006....