Determining the economic literacy of introductory economic students in South Africa
Abstract
The TUCE is a test of economic literacy which is used to allow
lecturers of economics to compare student performance in economics in their
classes. The results of the TUCE indicated that the majority of students
struggled with the questions of the TUCE. The poor economic literacy rate
raised the question whether or not the TUCE is an appropriate measure of
testing economic literacy in South Africa. This paper developed the Test of
Understanding Economics in South Africa which is a test of economic literacy
that was developed for South Africa. The TUESA was distributed to
universities in South Africa to determine the economic literacy rate among
introductory economics students. The significance of certain demographic
factors was tested with regard to the mean literacy score and the effect of grade
12 economics on students’ economic literacy score was investigated. Results
indicated that the economic literacy rate for South African students was 50.3%.
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