A basic knowledge of economics is critical for making informed decisions in today's world. This volume focuses on the economic understanding of different age groups, at different levels, from personal to international.

It is vital that we learn more about how children and young people understand personal, national and international economic phenomena, and consider how schools can effectively further their understanding. What do children understand about issues such as work, money, ownership and wealth? How does this vary with age? What difference does experience make? What sort of curriculum and what teaching strategies are the most effective in developing understanding? This volume focuses on the economic understanding of different age groups, at different levels from personal to international. Contributors from across Europe draw on recent research findings, and consider the implications for educators.