It’s important to instill an understanding of economic reasoning and principles at an early age, so that young people don’t fall prey to fallacies and the wishful thinking of most public policy proposals. Atlas Network partner the Lithuanian Free Market Institute (LFMI) has produced a new textbook, Economics in 31 Hours, which aims to enhance economic education for Lithuanian students.
“Teaching of economic literacy as a separate subject is compulsory for 9–10th grade school pupils in Lithuania,” LFMI explains. “The textbook is aimed at establishing solid foundations of economic knowledge and enhancing pupils’ abilities to perceive and evaluate social realities critically. In LFMI’s view, it is of major importance that young people understand economics as well as causes of certain economic decisions and their influence on the society, and a modern textbook which meets today’s realities is a perfect tool to provide the skills necessary.”
The release of the textbook is accompanied by an innovative new online teaching platform for economics teachers to use as a supplementary resource in their classrooms and lesson preparation. The portal will provide additional tasks, statistics, video lessons, and articles on the most recent real-world economic examples.
“Our aim is to provide foundations for shaping critical thought of young people when it comes to the evaluation of economic phenomena and the world,” said Marija Vyšniauskaitė, textbook co-author and head of LFMI’s Education Centre. “The textbook and the teacher’s platform are the very first steps towards it. We are committed to maintain permanent contact with teachers as well as provide regular updates to the teaching material by adding new video lessons, illustrations, statistical data, and information on the most recent economic realities and issues.”
The new textbook has been printed in a first edition of 5,000 copies, and more than 200 of Lithuania’s high schools will use it in the coming school year after an extensive pilot project to develop the textbook sparked interest across the country. That project included 1,350 students, 28 teachers, and some of the most prominent Lithuanian educators.