Learning Economics: The Key to Financial Empowerment
In today's fast-paced and complex financial environment, education plays a pivotal role in shaping individuals' understanding of economic systems. EVERFI has launched a new course, Econ Foundations: Economics for High School™, designed to provide high school students with crucial skills to navigate financial realities.
The Importance of Economic Literacy
Reports indicate that a staggering 50% of Americans struggle with basic economic knowledge, which often results in poor financial decisions and misunderstandings about significant concepts like inflation and interest rates. This lack of knowledge not only harms personal finance but can also contribute to broader issues such as economic inequality and reduced civic engagement. By introducing robust economic education in high schools, we can work towards a more financially literate society.
Addressing the Educational Gap
As the demand for financial literacy grows, so does the requirement for economics courses in schools. Currently, 28 states mandate that students complete an economics course before graduation, compared to only 26 states requiring a personal finance course. By expanding access to financial education, we ensure that every student possesses the necessary tools to succeed in today's economy, from budgeting to investing.
Course Overview and Structure
The new course comprises three engaging online lessons, each lasting around 15 minutes, enabling students to effectively connect with important economic concepts. The innovative design includes:
The Basics
Students are introduced to foundational economic concepts like supply and demand, learning how to apply these ideas to everyday situations and understand the basics of economic choices.
Microeconomics
This lesson focuses on market structures, helping students grasp how money, goods, and services interact in microeconomics, and how these elements influence pricing in the marketplace.
Macroeconomics
Students will gain insights into economic indicators that signal growth or decline in the economy and learn about the government’s role in applying fiscal and monetary policies for stabilization.
Supporting Teachers and Institutions
Econ Foundations is not only beneficial for students but also provides much-needed resources for teachers who may lack access to engaging digital curriculum materials. Financial institutions can collaborate with EVERFI to deliver this course at no cost, thus fostering an environment where both students and educators thrive together in financial learning.
EVERFI's Commitment to Education
Since its founding in 2008, EVERFI has partnered with countless organizations worldwide, reaching millions of learners. Their unique third-party payer model allows K-12 schools in the U.S. to access vital educational content without any financial burden. Recognized for its innovative approach to education, EVERFI continues to push boundaries in providing educational resources that empower students and communities.
Frequently Asked Questions
What is the aim of the Econ Foundations course?
The course aims to provide high school students with essential economic knowledge and skills, preparing them for informed financial decisions.
How does economic literacy impact society?
Economic literacy contributes to personal financial stability and a thriving economy by fostering informed citizens.
Who can benefit from the Econ Foundations course?
High school students, educators, and organizations that support financial education can benefit from this program.
Is the course available for free?
Yes, with the support of financial institutions, the course is provided at no cost to schools.
How does EVERFI support educators?
EVERFI provides valuable digital resources and training to educators, enhancing their ability to teach financial literacy and economics effectively.
