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- W2082479999 abstract "This study compared the learning and retention of the scarcity and opportunity cost concepts by students in Grades 1, 3, and 6. All students experienced concept lessons and completed immediate and delayed posttests on their understanding of the concepts. Data from posttests and planned comparisons indicated that both concepts were learned and retained at a high level of mastery by third- and sixth-grade students. First-grade students initially learned both concepts at a high level of mastery, although retention was more problematic for them, especially with respect to opportunity cost. All students experienced more difficulty generating original stories and pictures related to opportunity cost as opposed to scarcity; generating capacity increased with grade level. A majority of students in Grades 3 and 6 remembered the scarcity label, whereas they forgot the opportunity cost label. A majority of first-grade students forgot both labels, but scarcity was remembered better than opportunity cost. Results suggest a need for empirical research on factors affecting the retention of economic concepts by students in the early primary grades." @default.
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- W2082479999 date "1988-11-01" @default.
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- W2082479999 title "Can Economic Concepts Be Learned and Remembered: A Comparison of Elementary Students" @default.
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- W2082479999 doi "https://doi.org/10.1080/00220671.1988.10885875" @default.
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