The Australian Primary Principals Association says it is a good idea, but the devil is in the detail.
What is a good idea? Teaching economics to primary school kids.
It is a terrible idea, but why don’t people come out and say that?
School Education Minister Peter Garrett says an early start is vital because students need to be financially literate and have a basic understanding of how the economy works.
As it turns out primary school kids already learn a lot about how the economy works. The school program where this happens is called ‘the tuck shop’. It is here that kids learn about buying behaviour, preference management subject to a budget constraint, and money handling.
To be sure that isn’t indoctrinating kids about the evils of capitalism but it is probably more important.