Following Fred Hankins's initial article on the approach to economics teaching in schools, two educational specialists involved in the 14—16 Project for school economics curricula, outline their approach to the fostering of economic literacy.
It is generally accepted that economic literacy facilitates rational decision making and provides more accurate economic decisions. In this case, improving literacy in the economy will lead to an increase in economic efficiency and the welfare of both individuals and society. The aim of the economy is, in fact, to maximize the welfare of society and to provide economic efficiency. Therefore, it is possible to achieve economic objectives by increasing economic literacy. The objective of this search is to reveal the factors affecting economic literacy, and thus, investigate the ways of increasing economic efficiency. To reach this aim, a questionnaire was conducted to 481 people in Kastamonu and Tosya, Turkey. According to the results of the questionnaire, we found a statistically significant positive correlation between economic education and the interest in economics with economic literacy. However, we did not find any significant correlation between the belief in the usefulness of economic knowledge and economic literacy. Surprisingly, a statistically significant correlation between economic literacy and economic wealth could not be found.
Behaviors of consumers and producers become complex and interdependent in accordance with the developments in the world. This development increases the importance of economic knowledge and it becomes more and more important for the individuals and societies to adapt themselves to this development. Economic literacy is of high importance not only for specific social groups but also all the individuals. However; economic knowledge of the public officers who are in a specific level of income, expense and education within Turkish economy as well as their ability of applying this knowledge on their daily lives and their prospective economic planning as being conscious individuals are of high importance. Increase in economic literacy of the individuals not only affects the individuals but also contributes to the society and country. This study aims at determining and evaluating economic literacy levels of the public officers. It includes public officers working in Tokat city center. Research data has been obtained from 397 participants randomly selected as a result of face to face interviews. Factor analysis, independent sample t test and one-way analysis of variance have been applied in the research. It has been determined that averages regarding sub-dimensions of economic literacy of the participants vary depending on gender, age, occupation and income. Economic literacy levels of the public officers have been found high. It is thought the study will be beneficial to politicians, academicians and all decision-makers.