Write Articles A community of people who love to write

The easiest domain name (Note the .ORG) - Absolutely Free!

Home | Submit Articles | Login   

Importance of Economics in school curriculum and life

BY: Jashodhara | Category: Education | Post Date: 2009-10-25

•    Read Comments

•    Print This Article

Help others find this article:

Show All Social Bookmarks

'Arthashastra' of Kautilya was used during 'Gurukul' system. Then the Morality in economics was stressed more. In present context, economics today may be considered as the boon of British rule in India which brought the subject of economics to Indian school education. Today the growth is seen by quantity of consumption, where items are used & thrown fast. Economics has become the centre of various activities. Each and every subject is viewed from its economical angle because one always likes subjects which fetch more money in one's future life. Economics has both practical and economic value. It occupies an important position in Education and curriculum and has become an integral part of education system.

The following are the reasons as to why economics is an important subject in school curriculum.

1. Helpful in teaching economic problem: Every individual at a point of time suffers complex problems relating to money which has a bearing on the economic aspect of life. Here problems are solved through study of economics as it deals with production, consumption and distribution of wealth. In short economics deals with the various activities concerning our practical life and occupies a significant place in education. e.g. Home budget planning to locate cost reduction.

2. Means of livelihood: In economics, one studies various activities concerning various vocation and occupation. After studying this, the basic knowledge helps one to adjust with the environment and earn his livelihood. One also learns to spend his income in order to fulfill his needs to the maximum extent. e.g. Earning to have basic need and then pursue hobby. Self development as in Gurukul way helps to be Selfless and more social.

3. Helpful to enrich practical knowledge: Study of economics develops a person to have practical outlook in life and solve his economic problems as one develops insight through which he deals with these problems. e.g. Saving money in Piggy bank should include a part of it for needy student.

4. Enrichment of knowledge: Students knowledge is enriched through study of economics. One gets to know various types of people, different types of land, various plans of country, its merits and demerits which brings betterment in various economic fields. For this, Statistic is used as part of economics. e.g. Particular soil can be reused throughout the year for various crops, construction of Dam.

5. Knowledge of other countries: A study of economics helps in acquiring knowledge of his country as well as other countries of the world. For example, foreign trade, foreign exchange etc. determine the way of living, behaviour pattern, progress and downfall of cultures, civilization, religion etc.

6. Help to bring about practical activity: Once a student acquires knowledge of economics, he becomes competent and takes up an economic activity which raises his confidence and makes his life happy and peaceful. e.g. Saving for the future through various schemes.

7. Help for maintaining democratic setup: If each and every citizen discharges their duties sincerely, honestly and successfully the nation becomes more successful. Study of economics can help one to easily determine and inculcate the feeling of patriotism and national consciousness where on keeps nations interest in their mind. Economics in school should include donation for various calamity of the Nation e.g. Farmers committing suicide due to drought.

8. Help to Develop Liberal Economic Attitude: Student develop a liberal and broad economic outlook through knowledge of economics, where he critically examines statistics issued by government agencies and acquires knowledge about price, production, consumption etc. of goods produced all over the world. Self development as in Gurukul, before a projects helps it to last longer.

9. International Outlook: Study of economics help student to know about international trade where no country can be free from the influence of other countries and hence develop international outlook.

10. Capabilities of Using Natural Resources Properly: Knowledge of economics enables one to make the best possible use of available natural resources in order to achieve economic development. e.g. Minimum use of Water, Wood, Fuel, Energy, etc. for our future needs to avoid global warming.

11. Material Well Being: In today's scientific & technological age of development, material development of a nation is possible only through gainful employment of available resource. For proper utilisation of resources one needs to have proper scientific outlook and proper way of living which helps to achieve material well being of oneself and his country. e.g. Avoid using plastic bags and propagate recycling.

12. Economic Interdependence: In today's world each country has to depend upon other for their economic wellbeing. Thus the knowledge of economics helps one to acquire understanding of above things and make use of it fully. For example of labour and technology.

-Child is The Father of Man-

Thus we can conclude that economics occupies an important place in school curriculum and life.

Article Source: http://www.saching.com

About Author / Additional Info: Jashodhara Purkayastha, be-human.org, Beautiful Mind Sees Paradise Everywhere.

Additional Articles:
* UK's, USA's and India What sets them apart?
* Chatting on Internet - Be Careful!
* Importance of Performance Incentives
* Favorable studying environment in college. Causes of the disturbance
* On-Line Shop-A Good Place to Buy GHD

Does this article violate or infringe on your copyright ?
It is a violation of our terms for authors to submit content which they did not write and claim it as their own. If this article infringes on your copyrights, then use our Contact us form with the detailed proof of infringement along with the offending article's title, URL and writer name. If you do not hear back from us then contact us again in another 10 days. Thank you.

Comments on this article: (3 comments so far)

* Additional comments are now closed for this article *
Comment Comment By Comment Date
.. for your reply and your blessings.
Erin 2009-10-28
Importance of Economics in school curriculum and l
Dear Erin, Thanks for views and GOD bless. I will be writing soon on Stages of economic development in a Child.
Jashodhara Purkayastha 2009-10-27
Good Work
You have explained the importance and relationship of economics and education extremely well. I am a teacher too, and I wish I had online writing skills like you.
Erin 2009-10-26

Article Views: 27659

Page copy protected against web site content infringement by Copyscape
Copyright 2010 saching.com - Do not copy articles from this website.

Important Disclaimer: All articles on this website are for general information only and is not a professional or experts advice. We do not own any responsibility for correctness or authenticity of the information presented in this article, or any loss or injury resulting from it. We do not endorse these articles, we are neither affiliated with the authors of these articles nor responsible for their content. Please see our disclaimer section for complete terms.

| Home | Disclaimer | Xhtml |