The OECD claims that financial literacy is a significant skill in participating in modern society. Pupils should be improving their financial knowledge as early as possible to become active agents of their abilities to plan simple finances. Kids should learn how to plan their spendings and savings and how to build responsible financial behavior.
The Evolutionary Invisible Hand. The Problem of Rational Decision-Making and Social Ordering over Time is a book by the director of the F. A. Hayek Foundation, Matúš Pošvanc. The book has been published by one of the world’s leading publishing houses Palgrave Macmillan.
Uganda became the fourth country in the world that joined Lithuania and started teaching economics using material provided in the award-winning economics textbook created by the Lithuanian Free Market Institute (LFMI).
Quarantine increases people’s desire to study and learn. On March 25th the third national economics exam, organized by the Lithuanian Free Market Institute, attracted a record number of participants (10,963). The motto of this year’s exam was “There is a human being being every number.”
The Economics Olympiad was launched in 2017 with a participation of 4,000 high school students. This year, the competition enjoyed even more popularity with more than 5,300 contestants overall.
On March 27, 2019, the Lithuanian Free Market Institute (LFMI) ran the second edition of the National Economics Exam. Aimed at promoting economic literacy and the relevance of economics education, the exam is intended for all citizens interested in measuring their knowledge of economics.
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.