Economists in the Classroom

As a future teacher, and a fan of the dismal science, I love the recent Freakanomics post about the BASIS charter school is n Arizona.

The BASIS Educational Group, run by two economists, requires every 8th-grade student to take a year’s worth of economics.  Many BASIS students, who are all required to take at least six AP exams before graduation, go on to take AP Economics in 9th grade, and average a 4 (out of 5) on their AP exams.  ”Our students learn to love economics early on, and we hope that passion will continue long into life.”

And my favorite part:

BASIS also offers incentive-heavy contracts to teachers; and all staff members are on one-year contracts.

You do not have to be an economist to recognize the benefit of school competition.  I believe that a firm command of economic reasoning greatly improves human capital.  I find it encouraging seeing a school does too.  But the beauty of school competition is that I could be wrong.  Perhaps when everything is said and done an Art History heavy curriculum from some other charter school beats out BASIS.  Perhaps studying economics early does little good for students when they enter the work force.  So what? These kids have gotten a fair amount of college credit, and policymakers learn more about what curricula create the most human capital.  Doesn’t the world just feel better when we find Pareto efficient outcomes?

Seguin

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1 comment so far

  1. michaeleriksson on

    What may also be an issue: If students get a decent grasp of economics, many politicians would be in trouble…

    (With the implication that they may have an interest in keeping economics out of the curriculum.)


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