Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

History of Economic Education in Georgia

Dr. David MartinExecutive Director

Georgia Council on

Economic Education

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Beginnings

• Creation of the Chair of Private Enterprise

• Junior Achievement• Federal Reserve Bank of Atlanta• Center for Business & Economic

Education, Georgia State University• Developmental Economic Education

Program

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Foundation

• Georgia Council on Economic Education – Mills B. Lane, C&S National Bank, 1972

• Today’s Network – 12 university-based Centers for Economic

Education– 117 cooperating public school systems and

independent schools

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Action in the form of

Course Requirements

Georgia Board of Education Mandate 1976

Three courses:

• Principles of Economics/Business/Free Enterprise

• Personal Finance

• Career Education

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Response in the form of

Additional Support• Invest-In-America• Foundation for Economic Education• A-T-O (Figgie International)• National Science Foundation• local Chambers of Commerce• Hugh O’Brien Youth Foundation• Students in Free Enterprise• Agency for Instructional Technology

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Response in the form of

Additional Support

• Distributive Education Clubs of America

• Future Business Leaders of America

• Future Farmers of America

• Future Homemakers of America

• Vocational Industrial Clubs of America

• Vocational Opportunities Clubs of America

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Action in the form of Formal Curriculum

• Quality Basic Education Act

• Quality Core Curriculum– economics, personal finance and career

education objectives integrated throughout the K-12 curriculum capped by a required high school economics course

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Response in the form of

Additional Support

• Georgia Council introduces the Stock Market Game

• Junior Achievement introduces in-class programs such as Project Business and Applied Economics

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Action in the form of

State Assessments• Iowa Test of Basic Skills

– at grades 3, 4, 5, 6, 7, 8• 19% to 31% of test items are economics related

• Georgia High School Graduation Exam– mandated economics course not included

• End-of-Course Test– implementation delayed

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Response in the form of

Additional Support• Mini-Society®

• AP Micro and Macro Economics

• International Baccalaureate

• Ag in the Classroom

• Global Achievers

• Foundation for Teaching Economics

• Federal Reserve Bank of Atlanta

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Response in the form of

Additional Support

• Georgia Consortium for Personal and Financial Literacy– founded by leaders from the

• Community Foundation for Greater Atlanta

• Consumer Credit Counseling Service

• Federal Reserve Bank of Atlanta

• Georgia Council on Economic Education

• Junior Achievement

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Economics and Personal Finance

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

1976 Mandates

• Principles of Economics/Business/Free Enterprise

• Personal Finance

• Career Education

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Principles of EconomicsMandate

Georgia is one of 14 states requiring

students to successfully complete a

course in economics in order to graduate

from high school.

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Demandate

Personal Finance and Career Education

were demandated prior to full

implementation. The reasoning was that

these topics should be integrated across

the curriculum.

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Different Origins

• Career Education – vocational

• Economics – liberal arts

• Personal Finance – Business Education and Family & Consumer Sciences

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Dropping the Personal Finance Requirement

• Opportunity Cost

• Not a “rigorous course”

• Lack of a Champion

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Personal Finance Status Today

• Personal finance objectives infused throughout the QCC (mathematics, social studies, family & consumer sciences, business education, and others)

• Mandated principles of economics course includes personal finance applications

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Personal Finance Status Today

• Elective personal finance course in the mathematics and business education departments (in some districts a requirement)

• Personal finance and career education frequently included as middle school exploratory courses

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Vision

Students leaving school

prepared for their economic

roles as workers, consumers,

and citizens.

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Economics is thescience of decisionmaking.

Georgia Council on Economic Education

Summit on Economic and Financial Education Thursday, September 4, 2003

Mission

To help teachers teach economics

to students in the public and

independent schools of Georgia.