Teaching Economics

Bina Jha | Post Graduate Teacher | Kothari International School

What is Teaching Economics?

You may be curious about a Career in Teaching Economics. Understanding Why one wants to choose a Career in Teaching Economics is phenomenally more important than figuring out How to get into Teaching Economics. It is best to learn about Teaching Economics from a real professional, this is akin to getting it from the horse's mouth.

Post Graduate Teacher Bina Jha invested 8 years in Teaching Economics. Post Graduate Teacher Bina Jha defines Teaching Economics as:

Teaching Economics focuses on teaching students about the economy and different policies that keep changing, making them financially aware. There are various strategies used to teach Economics be it in school, organization and as a tutor for personal and group coachings.

How Post Graduate Teacher Bina Jha got into Teaching Economics?

After completing my Schooling from Assembly of Gods Church, Kolkata, I did my Graduation in Economics, Political Science and History from Rani Birla Girls College, Kolkata. After that I did my Masters in Economics from BK Ambedkar University. I also did my B Ed from Kurukshetra University. I have taught in DAV, and currently I teach Economics at Kothari International School.

Post Graduate Teacher Bina Jha's Talk on Teaching Economics

Embracing the World of Economics: A Career in Teaching Teaching economics is not just about imparting knowledge; it’s about shaping the way students understand the complexities of financial systems and their role within them. As Veena Jha, an experienced economics teacher at Kothari International School, eloquently articulates, the subject is crucial in navigating modern economic realities. In this article, we will explore the facets of this rewarding profession, including the necessary education, skills required, accompanying positives and challenges, and a snapshot of a typical day in the life of an economics teacher. What Is Teaching Economics Understanding Economics at School Level Teaching economics at the school level involves educating students about essential financial principles and current economic challenges. As Veena emphasizes, students learn about economic theories, such as those proposed by Marshall and Adam Smith, and how these theories apply to real-world situations like pricing policies and monetary changes enacted by the Reserve Bank of India (RBI). This foundational understanding equips students to analyze the economy and the implications of governmental actions on society. Broader Implications of Economic Education Beyond academic theories, teaching economics also instills in students an awareness of wealth management and the importance of financial health. Veena articulates that understanding economics is pivotal not only for personal finance but also for fostering responsible citizens who can contribute positively to society. For instance, students are encouraged to research and engage in presentations, fostering both their analytical skills and practical understanding of economics in daily life. Education for Economics Teachers Basic Knowledge of Economics A solid foundation in economics is essential for teaching the subject effectively. Educators must grasp core concepts such as the allocation of scarce resources, which forms the backbone of economic studies. Veena explains that this knowledge enables teachers to guide students in comprehending how resources are managed at both micro and macro levels. This practical understanding fosters informed discussions on current events, allowing students to connect theoretical knowledge with real-world applications. Current Affairs and Economic Policy Staying updated with ongoing changes in the economy and government policies is crucial for teachers. As Veena mentions, being aware of headlines related to demonetization or changes in interest rates allows educators to contextualize their lessons and explain the reasons behind such economic phenomena. This approach not only promotes students’ learning but also encourages them to develop a critical yet constructive perspective on economics. Functioning of RBI and Government An understanding of the RBI's functions and its relationship with government policy is vital. Veena emphasizes that teaching students about these dynamics enhances their comprehension of financial systems. This knowledge is particularly pertinent in a globalized world where international policies can have a direct impact on national economies, making it essential for educators to convey these connections to their students effectively. The Importance of World Economics Economic education also entails a broader understanding of world economics and its nuances. As Veena notes, students should be aware of international events such as Brexit and their implications for India. This awareness fosters a global perspective, which is increasingly relevant in today’s interconnected world and prepares students for a future where they must navigate complex global financial landscapes. Elementary Statistics Statistical knowledge plays a significant role in economics education. An understanding of elementary statistics equips students to interpret data such as inflation rates and analyze economic policies. Veena points out that without statistical literacy, students may struggle to grasp fundamental economic principles and their practical consequences, further emphasizing the need for a well-rounded educational foundation. Knowledge of Economic Theories Finally, proficiency in economic theories is non-negotiable. As Veena outlines, understanding concepts like supply and demand, market structures, and consumer behavior is critical for both teachers and students. Educators must convey these theories in a way that is applicable to students’ lives, helping them to recognize the relevance of economics in their personal experiences and future careers. Skills Required for Teaching Economics Analytical Ability A key skill for economics teachers is analytical ability, which includes understanding cause-and-effect relationships within economic contexts. Veena illustrates that teachers must help students analyze various market forms and conditions to appreciate the intricacies of supply and demand. Developing this analytical skill not only enhances student learning but also prepares them for future challenges as informed individuals in a complex economic landscape. Speaking Skills Effective communication is essential in teaching economics. Veena emphasizes the need for strong speaking skills to persuade students about the relevance of the subject. Engaging students in discussions and making the material accessible requires clarity of expression and an ability to listen actively to students’ inquiries. Clear and engaging communication fosters a classroom environment conducive to learning and inquiry. Persuasion The power of persuasion in teaching economics cannot be understated. Veena mentions that teachers must motivate students to appreciate the subject beyond theoretical learning. Persuasive skills help educators convey the importance of economic literacy in achieving personal and professional fulfillment, ultimately shaping students’ attitudes toward the subject. Writing Skills Concise and clear writing is another vital skill for economics teachers. Effective writing allows educators to present complex ideas in an understandable manner. Veena reiterates that well-structured written materials, including assignments and research papers, should be easily comprehensible, enabling students to digest the information without confusion. Presentation Skills Finally, presentation skills are crucial, as effective teaching necessitates engaging and informative methods that captivate students. According to Veena, successful presentations are self-explanatory and visually appealing. This format helps students grasp the material intuitively and encourages them to enhance their own presentation skills for their future. Positives of Teaching Economics Being Financially Aware One of the core benefits of teaching economics is the financial awareness it fosters in both teachers and students. As succinctly put by Veena, this awareness leads to innovative thinking and encourages students to become proactive investors. The ability to navigate personal finances effectively ultimately contributes to individual and national prosperity, emphasizing the broader impact of economics education. Understanding Policy Changes Another positive aspect of teaching economics is the enhanced understanding of policy changes and their implications. Veena conveys that this understanding empowers students to adopt a constructive lens towards governmental initiatives, enabling them to recognize the complexities in policies such as GST or demonetization. This perspective nurtures informed and engaged citizens who are equipped to contribute to societal discussions. Training the Youth Veena passionately articulates that teaching economics is a way to train the youth and guide them toward developing necessary skills for the future. This responsibility entails shaping students’ understanding of economic factors affecting their lives and careers. Teachers not only impart knowledge but also motivate students to become responsible decision-makers who can navigate their financial futures successfully. Continuous Learning Teaching economics is characterized by a commitment to continuous learning. Veena notes that the dynamic nature of economics requires educators to remain informed about changing needs and evolving theories. This commitment to ongoing education enriches the teaching experience and enhances the relevance of lessons imparted to students. Fostering Risk-Taking Ability Finally, one of the most rewarding aspects of teaching economics is the opportunity to cultivate risk-taking abilities in students. Veena highlights that encouraging risk-taking fosters a culture of innovation and achievement. Students learn to approach challenges with confidence and creativity, ultimately leading to personal and professional success. Challenges in Teaching Economics Lack of Logic and Analytical Ability One significant challenge teachers face is students’ difficulty in grasping logical frameworks and analytical concepts in economics. Veena discusses that many students approach the subject emotionally rather than analytically, which hinders their ability to engage with the material. To address this, teachers must employ effective pedagogical strategies that bridge the gap between theory and practical understanding. Boring Research Another challenge is the tendency for students to perceive economic research as tedious. Constant access to information at their fingertips can lead to complacency, as Veena points out. Educators need to motivate students to engage deeply with research topics, encouraging them to approach inquiries creatively and critically rather than simply relying on superficial information. A Day In The Life of an Economics Teacher Daily Routine Veena’s daily life as an economics teacher begins with the school day starting at 8:20 AM, extending over six to six and a half hours. The day is filled with diverse teaching sessions, catering to students of varying abilities and addressing academic and personal challenges. As she relates, the fulfillment derived from seeing students excel during critical times, such as board examinations, reinforces the importance of her role in their lives. Engaging with Students The dynamic exchange with students allows for mutual learning, as Veena notes that students often possess technical insights that can surprise even seasoned educators. Daily interactions include not just academic instruction but also informal breakfast and lunch conversations, which foster a supportive environment where students feel valued and engaged. Reflective Conclusion In conclusion, teaching economics is a multifaceted career that contributes significantly to both individual and societal growth. It equips students with essential skills, knowledge, and awareness necessary to navigate the complexities of today’s financial world. As highlighted by Veena, the role of an economics teacher extends beyond the classroom; it involves shaping future leaders who are equipped to embrace financial challenges with confidence. This rewarding profession not only fosters a deeper understanding of economics but also instills in students the necessary tools to contribute positively to society. Embracing this path can lead to a lifetime of learning and impact, making it a truly significant calling.

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Teaching Economics?

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Links for this Talk

Post Graduate Teacher Bina Jha's LifePage:

[LifePage]
https://www.lifepage.in/page/binajha

LifePage Career Talk on Teaching Economics

[Career]
https://www.lifepage.in/careers/teaching-economics-1

[Full Talk]
https://lifepage.app.link/20180112-0016

[Trailer]
https://www.youtube.com/watch?v=4lyywmQ45IU

(Teaching Economics, Bina Jha, Kothari International School, Educationist, Teacher, Economics)

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