Auslin Importance Of Economic Education Summary

Auslin's article provides insight into economics as a subject of focus in high schools; the author points to the need for a class in economics for high school students to improve their finance management in the future. The article asserts the analogy that students who have undergone an economics and personal finance class are best suited for money management. Auslin uses past research studies to argue his assumption on the importance of economics education as a strategy for a better economy. The author's articulation is full of factual ideologies on the importance of economic education for students and its benefit on the financial system. Essentially, the essay relates to the importance of understanding the basics of economics and finance.

The aim of the paper is to persuade and convince stakeholders of the importance of having a mandatory class on economics and personal finance. The main agenda is to convince states that they should implement such economic and financial studies based on the success of the K-12 program in other states. The article provides objective analysis of research studies by the College Board. Factual evidence including research studies supports the assumptions made by Auslin. The Council for Economic Education, in a survey, assert the same sentiments as Auslin. In their survey, the Council finds a link between financial literacy is positive credit scores. In summary, the article by Auslin is objective and factual basing its proposal on accurate data. It also provides vital information on the role of economic studies on personal-finance management. However, the Trumps’ role ensuring change in the educational system is not clearly defined since some states already have personal finance education in