The history of ship navigation on the shores of England shows us that when explaining events we need to take a look not only on the market failures, but also on the state failures. These played a bigger role than the textbooks’ authors might expect.
With a sample of 4,000 Slovak students, the Economics Olympiad revealed the most serious weaknesses in economic education of young people. Memorizing is believed to be a long-term problem, but knowledge useful only as a part of quiz shows remains a crucial element of the Slovak education system.
On March 13, 2018, the Lithuanian Free Market Institute held Lithuania’s first National Economics Exam for pupils, university students, and everyone interested in measuring their knowledge of economics. Over 6,500 people from all over the country took part in the exam.
On March 13, 2018, the Lithuanian Free Market Institute will hold Lithuania’s first online National Economics Exam for pupils, university students, and everyone who would like to measure their knowledge of economics.
As many as 81% of Lithuanians find their knowledge of economics insufficient. Making economic decisions at every step of the way, Lithuanians compare their understanding of economics to that of physics or political sciences, but find themselves less confident in economics than in computer literacy or mathematics.
Evaluated for Economics in 31 Hours curriculum, its success, efficiency and itspartnership with the Atlas Network in promoting the European Academy for Intellectual Entrepreneurs, LFMI ranks among world-famous institutions and organisations.
The Lithuanian Free Market Institute was shortlisted among three finalists for this year’s award for its textbook for upper secondary school students Economics in 31 Hours. The Educational Learning Resources Award recognizes excellence in innovation, pedagogical value and practicality of educational resources.
LFMI was named one of six finalists for this year’s Templeton Freedom Award for its textbook of economics – Economics in 31 Hours – that is giving the next generation of Lithuanian youth a fighting chance to get the economics right by teaching how property rights, free exchange, profit and competition shape decision-making in our everyday lives.
More than half Lithuan.ian schools started the new school year with a different – innovative – approach towards teaching of economics. Published last year, Economics in 31 Hours has already reached almost 54 per cent of 9th and 10th grade students country
“Inequality” refers to very important aspects of social life. But the debate on equality is full of confusion because of its many meanings, methodological and empirical errors and very strong emotions which “inequality” evokes. Conceptual confusion includes the lack of precise distinction between the inequality of situation and the inequality of opportunity.