About 79% of students scored at the "basic" level - having a rudementary knowlege of some econ concepts. I don't think that is too bad, but again, still a lot of room for growth.
One of the more interesting findings is that males tend to only slightly outperform females in econ. I would expect that to be true given the more mathematical/logical nature of the way econ is often taught. But it's surprising to me how close the genders performed. I would have thought the gap to be much higher. I do think it is meaningful that the gap widens at the higher levels of proficiency - and I would expect this is a foreshadow of college results - as more math is applied to econ in advanced levels, males should tend to increasingly dominate.
The basic "scores" are as follows (discussing micro, macro, and international econ topics):
|72% described a benefit and a risk of leaving a full-time job to further one’s education|
|52% identified how commercial banks use money deposited into customers’ checking accounts|
|46% interpreted a supply and demand graph to determine the effect of establishing a price control|
|36% used marginal analysis to determine how a business could maximize its profits|
|60% identified factors that lead to an increase in the national debt|
|36% identified the federal government’s primary source of revenue|
|33% explained the effect of an increase in real interest rates on consumers’ borrowing|
|11% analyzed how a change in the unemployment rate affects income, spending, and production|
|63% determined the impact of a decrease in oil production on oil-importing countries|
|51% determined a result of removing trade barriers between two countries|
|40% determined why industries can successfully lobby for tariff protection|
|32% identified how investment in education can impact economic growth|
Download the whole report here.