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Post Campaign Round Up: #MySavingsStory

 

Natalie Zfat Headshot 1 300x300 Post Campaign Round Up: #MySavingsStoryLast month was Financial Literacy Month and we teamed up with social media entrepreneur, Natalie Zfat on the #MySavingsStory video campaign.

Throughout the entire month of April, we shared personal video stories from writers, artists and economists to inform and inspire kids to understand and take control of their financial lives.

We received savings advice from fashion designer Elie Tahari, best-selling author of Diary of A Wimpy KidJeff Kinney, entrepreneur Rosie Pope, President of the Richmond Fed, Jeffrey Lacker and others who shared what they’ve learned about the importance of financial literacy and saving.

Read Natalie’s post about the campaign and make sure to check out the compilation video with all the great advice!

POSTED: May 13, 2016 | BY: April Somboun | TAGS: , , , , , , ,

New Topic on EconEdLink: Election Economics

EconEdLink 1318  e1462302232555 New Topic on EconEdLink: Election Economics

The Council for Economic Education is pleased to announce the release of a series of lesson plans to help educators (grades 9-12) teach the election and economics in their economics, civics, government, and other social studies courses. The lessons are all available for free on our teacher website EconEdLink.

Topics covered include:

  • Can Election Futures Markets Be More Accurate Than Polls?
  • Voters and Elections (Who Votes and Why?)
  • Money and Elections, Economic Misery and Presidential Elections, and more

Throughout the summer, additional lessons will be added on important campaign topics as the campaign continues to unfold, and CEE will also be hosting a free webinar for teachers on how to incorporate these lessons into their classrooms.

To ensure that you receive information about upcoming webinars and new materials available on EconEdLink, you can register for free at the following URL: www.econedlink.org/register.

If you have any questions, please contact April Somboun.

POSTED: May 4, 2016 | BY: April Somboun | TAGS: , , , , , , , , ,

2016 National Economics Challenge Finalists!

You’ve been waiting for this moment!

The results are in and we are pleased to announce the Finalists for the 2016 National Economics Challenge! These eight teams had the highest scores in the semi-final rounds of the Adam Smith and David Ricardo Divisions and will be participating in the Finals in New York City on May 21st-23rd.

NEC Finalist Final 2016 National Economics Challenge Finalists!

The top two teams from each division will go head-to-head for the title of National Champion.
Make sure to visit the National Economics Challenge website for more information about the finalists, their trip to NYC, how you can watch the competition and more!

Congratulations to the finalists and thank you to all the teams who participated this year!

IMG 7431 1024x768 2016 National Economics Challenge Finalists!

POSTED: April 29, 2016 | BY: April Somboun

2016 Semi-Finalists: National Economics Challenge

 

Thousands of high school students nationwide competed in the National Economics Challenge! We are delighted to share with you the 34 teams from the Adam Smith Division and 33 teams from the David Ricardo Division who have made it to the semi-finals.

State Adam Smith Division David Ricardo Division
Alabama Vestavia Hills High School Eufaula High School
Arizona Basis Chandler Basis Scottsdale
Arkansas Little Rock Christian Academy Har-Ber High School
California Northern California – The Harker School Northern California Homestead High School
California Southern California – Dos Pueblos High School Southern California – El Segundo High School
Connecticut Choate Rosemary Hall Greenwich High School
Delaware The Charter School of Wilmington Smyrna High School
Florida Pine Crest School Mandarin High School
Georgia Gwinnett School of Mathematics, Science, and Technology Jackson County Comprehensive High School
Hawaii Iolani School Iolani School
Illinois York Community High School
Indiana Carmel High School Carmel High School
Kansas Shawnee Mission South High Southeast High School
Maryland Mt. Hebron High Mt. Hebron High
Massachusetts Phillips Academy Andover Lexington High School
Michigan Chelsea High School Novi High School
Mississippi Ocean Springs High School Petal High School
Missouri Lindbergh High School St. Joseph Central
Minnesota TBA TBA
Montana Bozeman High School Park High School
Nebraska Bellevue East High School Waverly High School
New Jersey Monroe Township High School High School North
New York Stuyvesant High School Farmingdale Senior High School
North Carolina William G. Enloe High School North Carolina School of Science and Mathematics
North Dakota Fargo Davies High School Jamestown High School
Oklahoma Edmond North High School Wilburton High School
Pennsylvania Conestoga High School Team 6 Upper Dublin High School
South Carolina Wando High School Ridgeview High School
Tennessee Collierville High School Memphis University School
Texas Bellaire High School James E. Taylor High School
Vermont Essex High School Mount Mansfield Union High School
Virginia Thomas Jefferson High School for Science and Technology Freedom High School
WILDCARD Upper Arlington High School Olympia High School
Wisconsin Germantown High School Melrose-Minforo

 

The teams will now compete in the semi-finals for a chance to advance to final round which will be held in New York City! Four teams from each Division with the highest scores will advance to compete for the grand prize and be crowned the National Economics Challenge Champions.

Thank you to all the students and their coaches who participated in the first round of competitions. We hope this was a valuable experience to all of you. And, good luck to the semi-finalists!

To learn more about the National Economics Challenge and keep tab on the finalists, please visit our site: www.nationaleconomicschallenge.org.

POSTED: April 20, 2016 | BY: April Somboun | TAGS: , , , , ,

Graduating From Test Scores to Credit Scores

DSC6347Brian Page 8x10 hi res for print 150x150 Graduating From Test Scores to Credit Scores

Written by: Brian Page, Chair, Council for Economic Education Teacher Advisory Council

Later this spring, high schools across the country will be graduating students from a world of test scores to a world of credit scores. Many teens will unknowingly be making decisions that will impact them in the decade to come. Yet most lawmakers have fallen short of respecting personal finance as a dedicated subject worthy of stand alone classes required for graduation, taught by teachers trained to teach it well. It’s time we work together to advocate on behalf of high school students to prepare them for the real world.

High school science, math and language arts teachers receive content specific instruction in college, and are required to pass content specific tests to earn teacher certification. Personal finance… not so much. Often times when mandates are passed, they require the integration of personal finance into other coursework. The mandate is often dumped into the laps of teachers who have never been trained to teach personal finance.

A FINRA Investor Education Foundation-funded study, State Financial Education Mandates: It’s All in the Implementation, examined the effectiveness of state mandates on financial education for high-school students. The study noted that if a rigorous financial education program is carefully implemented, it can improve the credit scores and lower the probability of credit delinquency for young adults. In other words, we need to train our teachers, require semester courses devoted to personal finance, and use hands on teaching methods that focus on relevant content.

NCLB aside, our country has historically been a locally controlled education system. This changed following the financial collapse in 2008. Somehow a banking collapse led to education “reform”, and schools were faced with a multitude of new evaluation systems and testing requirements. Subsequently, schools and lawmakers now seem to lack the appetite to pass further education mandates. This should not preclude us from trying, using a common sense approach that does not further burden our schools. I’m confident that if asked, parents and teens would be much happier about recent reform efforts if standardized test scores were a little less important, and helping them build their own credit scores were a little more important.

POSTED: April 7, 2016 | BY: April Somboun | TAGS: , , , , , , , , , ,

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