ECONOMIC LITERACY AND ECONOMIC DECISIONS

This study investigates the current conditions of Economics teachers in relation to their skills of decision making in several economic aspects to find out whether economic literacy skill level impacts an ability of economic decision making. This study employed a descipritive method to 80 Economics teachers in 30 schools and administered descriptive statistical techniques as well as cross tabulation. The results of this study showed that generally the Economics teachers were categorized economically literate. In addition, it has also been proven that their literacy influenced their ability of such decision making as asset management, debt, saving, protection, and budgeting aspects. This indicates that for one to make economic rational decisions, they require good economic literacy.