A new Center for Economic Education at UW-River Falls was announced during a regional breakfast for business and education leaders on Tuesday, Dec., 8., hosted by Erickson's Diversified Corp. of Hudson. Gregory Erickson, executive vice president for Erickson's Diversified, said his organization sponsored the announcement ceremony because of the inherent value of quality education for young people.
Economic literacy is intrinsic to an understanding of the global economy and emerging markets.
America's leadership will play a significant role in the formation and guidance of these varied markets and economic forces. Our young people and those who teach them need and deserve fundamental economic knowledge. The state-approved standards set targets for economics knowledge at the 4th, 8th and 12th grade levels. Beginning in 2003, all high school seniors must pass a test that includes economics knowledge before they can graduate. The University can provide good assistance to the smaller districts that don't have an economics teacher on their staff.