Most people think of reading when they hear the word literacy, but according to Henry McCarl, Ph.D., director of the UAB Center for Economic Education, they should also think economics.
Economic literacy is essential to people making sound financial decisions.
People need to understand the basic economic principles such as supply and demand and the role profits play in the economy. The center is one of six in the country and helps develop curriculums for teachers. It recently received full affiliation status by the National Council on Economic Education.