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History of Economic Education in Georgia

History of Economic Education in Georgia. Dr. David Martin Executive Director Georgia Council on Economic Education. Beginnings. Creation of the Chair of Private Enterprise Junior Achievement Federal Reserve Bank of Atlanta

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History of Economic Education in Georgia

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  1. History of Economic Education in Georgia Dr. David Martin Executive Director Georgia Council on Economic Education Georgia Council on Economic Education Summit on Economic and Financial Education Thursday, September 4, 2003

  2. 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

  3. 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

  4. Action in the form ofCourse 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

  5. Response in the form ofAdditional 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

  6. Response in the form ofAdditional 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

  7. Action in the form ofFormal 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

  8. Response in the form ofAdditional 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

  9. Action in the form ofState 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

  10. Response in the form ofAdditional 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

  11. Response in the form ofAdditional 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

  12. Economics and Personal Finance Georgia Council on Economic Education Summit on Economic and Financial Education Thursday, September 4, 2003

  13. 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

  14. 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

  15. 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

  16. 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

  17. 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

  18. 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

  19. 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

  20. 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

  21. Economics is the science of decision making. Georgia Council on Economic Education Summit on Economic and Financial Education Thursday, September 4, 2003

  22. Mission To help teachers teach economics to students in the public and independent schools of Georgia. Georgia Council on Economic Education Summit on Economic and Financial Education Thursday, September 4, 2003

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