Press Releases

Houston and New York City High Schools Take Home Top Honors in Annual National Economics Challenge

Council for Economic Education names Champions of Nationwide High School Competition

NEW YORK, NY May 20, 2014 – The Council for Economic Education is excited to announce the winners of the 14th Annual National Economics Challenge, a rigorous academic competition putting students’ economic skills and knowledge to the ultimate test. Besting over 10,500 students from 40 states, Bellaire High School from Houston, Texas took home the top prize for the Adam Smith Division, (for advanced placement, international baccalaureate and honors students) and Hunter College High School from New York City was named the winner of the David Ricardo Division (for students who have only taken a single-semester economics course) in the two-day competition, hosted by the Council for Economic Education and sponsored by State Farm.

Here are just a couple of the tough questions they answered correctly to take home the win—see below for answers.

1.  Quantitative easing places what type of pressure on the international value of the dollar?

2.  Of the components of GDP, which is the most important for long-run economic growth?*

NECstock Houston and New York City High Schools Take Home Top Honors in Annual National Economics Challenge

The National Economics Challenge applies the excitement of an athletic competition to academic excellence, providing students with the opportunity to apply their economics knowledge and work in teams. The finals were held May 18-19 in New York City, and included written exams and a critical thinking round, culminating in a “quiz-bowl” round held at WNET Studios at Lincoln Center and co-hosted by CNBC’s Steve Liesman. This year’s challenge also included special guest video questions from Janet Yellen, the Chair of the Board of Governors of the Federal Reserve.

The winning teams departed immediately after for the honor of ringing the The Closing Bell at The New York Stock Exchange, a once-in-a-lifetime opportunity and tradition dating back to the early 1900’s.

“We’re so thrilled to play host to this fantastic event for the 14th year in a row,” said Nan J. Morrison, CEO and President of CEE. “This has been an incredible way to engage students in the study of economics, and make it fun and rewarding for them. Congratulations Bellaire High School and Hunter College High School on your achievements, and for setting the bar high for next year’s competition!”

Here’s the complete list of winners:

Adam Smith Division (AP, IB and honors students)

First Place- Bellaire High School/Bellaire, Texas

Second Place- Carmel High School/Carmel, Indiana

Third Place- Iolani School/Honolulu, Hawaii

Fourth Place- Grissom High School/Huntsville, Alabama

David Ricardo Division (Single semester general economics students)

First Place- Hunter College High School/New York, New York

Second Place- Little Falls Community High School/Little Falls, Minnesota

Third Place- Carmel High School/Carmel, Indiana

Fourth Place- Souderton Area High School/Souderton, Pennsylvania

For more information visit stage.councilforeconed.org/econchallenge.

To view the National Economics Challenge on-demand, visit www.facebook.com/councilforeconed.

*Answers: 1. To Depreciate; 2. Investment

POSTED: May 22, 2014 | BY: admin | TAGS: , , , , , , , , , ,

New Survey Findings Show Financial Literacy Lagging in K-12 Public Schools

Council for Economic Education Offers Teacher and Student Resources for Financial Literacy Month

NEW YORK, NY April 1, 2014 – Since 2003, the US has recognized April as Financial Literacy Month, shining a spotlight on the importance of personal finance and economic education. And yet, a new survey from the Council for Economic Education (CEE) reveals slow to no growth in K–12 personal finance and economic education in public schools. According to the Council for Economic Education’s 2014 Survey of the States, a majority of the public school students in the United States still are not exposed to economics or personal finance education despite the lessons of the recent recession. Read more…

POSTED: April 1, 2014 | BY: Daniel Thompson | TAGS: , , , ,

Online Personal Finance Game Challenges Students to Create New Mission

Council for Economic Education’s Gen i Revolution Searches for the “Sweet 16th” Mission

gen i sweet sixteenth contest logo Online Personal Finance Game Challenges Students to Create New MissionNEW YORK, NY March 10, 2014 – This week, Council for Economic Education launches the Search for the Sweet 16th Contest, challenging students to create a brand new mission for the online personal finance game Gen i Revolution.

This is a team-based contest, and students can form teams consisting of up to five members. In order to be eligible for competition, each team must be sponsored by a teacher, and each submission must include both a written application and 60-second video. There will be two sets of prizes; one will be for the video submitted—the Viewers’ Choice Prize—and the second will be for the overall application—CEE’s Choice Prize. Read more…

POSTED: March 10, 2014 | BY: Daniel Thompson | TAGS: ,

Economics, Finance Classes Lagging for Public School Students

Council for Economic Education’s 2014 Survey of the States Reveals Slow to No Growth

NEW YORK, NY February 12, 2014 – A majority of the public school students in the United States still are not exposed to economics or personal finance education despite the lessons of the recent recession, a new survey shows. Read more…

POSTED: February 12, 2014 | BY: Daniel Thompson | TAGS: , , ,

Public Policy Plays Key Role in Financial Education

Laura Ewing of Texas Council on Economic Education offers financial education legislative update at Cornerstone Foundation’s FOCUS Summit

Tuesday, Jan. 21, 2014 (FARMERS BRANCH, Texas) – Having the knowledge and skillsets to make informed decisions about the use and management of money is essential to one’s overall financial health. Unfortunately, studies have shown that many consumers lack the very basic skills, including how to balance a checkbook, manage credit responsibly, and what factors contribute to their credit score. Read more…

POSTED: January 28, 2014 | BY: Daniel Thompson

CEE Introduces New Online Personal Finance Games with Mobile and Social Integration for High School Students

Ask a parent or educator: what’s the most effective way to get your kids to pay attention to what you’re teaching? Chances are, they’ll tell you the best way to engage a generation of digital natives is through the technology they’ve grown up with. The Council for EconomicEducation, in collaboration with H&R Block Dollars & Sense, introduces Gen i: Murktide Invasion and Gen i: Beyond the Mission, two new interactive games in the free Gen i Revolution suite. Both new games, as well as the original Gen i Revolution, now incorporate Facebook functionality and are available for tablet play, making it possible for students to learn anytime, anywhere. All games are also accessible on a desktop computer.

“Students today are constantly plugged in, using mobile, digital and social media for nearly every aspect of their lives,” said Nan J. Morrison, chief executive officer and president of CEE. “Bringing Gen i Revolution to these new outlets is a fantastic way to increase students’ engagement with investing concepts, and help them recognize how savings and investing can impact the decisions they make every day.”

Available for play on the Web and as a Facebook application, Murktide Invasion is  CEE Introduces New Online Personal Finance Games with Mobile and Social Integration for High School Studentsdesigned primarily for students in grades nine to 12, although it can be enjoyed by users of all ages. The game challenges players to put their investing knowledge to the test, going head-to-head with the “Murktide,” a network of double agents spreading false information about finance across the country. Players must use strategic thinking to beat back the Murktide in key regions and win control of the U.S. map.

Mobile and Social Integration for High School Students Beyond the Mission is an interactive graphic novel that puts its players’ financial skills to the test through aseries of six missions. During each mission, the player must advise a contact on a financial matter, earning a badge if he or she gives sound advice. For each mission, there’s a story lineand a set of decision points. The player must make the best choice, based onadvice from two “shadowy” secret agent operatives, one of whom is a double agent working for the Murktide. The object of the game is to accomplish the mission and identify the double agent. Like Murktide Invasion, it is also available for play on the Web and as a Facebook application.

“Murktide Invasion and Beyond the Mission represent the future of personal finance education: real-world lessons on innovative platforms that young people enjoy,” said Scott Gamm, family finance advisor for H&R Block Dollars & Sense. “When you’re just starting to learn financial concepts, it can feel overwhelming. The new games are a fun and memorable way to bring important topics to life.”

As students become more skillful players, they learn about saving and investment strategies, increasing their real-world understanding of these concepts. Social media connectivity in Murktide Invasion, Beyond the Mission and Gen i Revolution encourages players to share their success. For example, students who successfully complete a challenge can post an award badge to their Facebook wall. And with the Gen i Revolution suite’s tablet compatibility, it’s easy for on-the-go teens to squeeze playing time into their busy schedules.

 CEE Introduces New Online Personal Finance Games with Mobile and Social Integration for High School Students“Our teachers are looking forward to using the games with their classes,” said William C. Wood, professor of economics at James Madison University (JMU), who previewed the games at JMU’s summer personal finance institute for teachers. “Beyond the Mission takes students quickly into the role of the secret operatives who help people make good decisions on personal finance and consumer economics. Murktide Invasion has great content in personal finance, and it dresses it up in the form of a strategy game that motivates students to test their skills against a computerized opponent.”

For teachers looking to incorporate Gen i Revolution into the classroom, CEE also offers a companion guide, Learning, Earning and Investing, with lessons aligned with the Common Core State Standards.

Visit www.genirevolution.org to play the full suite of games on a desktop computer or tablet device.

Visit www.facebook.com/genirevolution to play Gen i Revolution and the mini-games Murktide Invasion and Beyond the Mission on Facebook.

The full suite of Gen i Revolution games is funded in part by H&R Block Dollars & Sense, an educational cause initiative helping to increase teens’ financial literacy through donated personal finance curricula, scholarships, education resources and tips on personal finance best practices.

About the Council for Economic Education

The Council for Economic Education is the leading organization in the United States that focuses on the economic and financial education of students from kindergarten through high school. CEE trains educators to teach young people the fourth “R”—a real-world understanding of economics and personal finance—so that they will be able to make informed and responsible choices throughout their lives as consumers, savers, investors, citizens and participants in the global economy. Each year CEE’s programs reach more than 55,000 teachers and approximately 5 million students.

For more information visit stage.councilforeconed.org.

Like CEE on Facebook at www.facebook.com/councilforeconed.

Follow CEE on Twitter at www.twitter.com/council4econed.

About H&R Block Dollars & Sense

Funded by H&R Block Inc., one of the world’s largest tax services providers, H&R Block Dollars & Sense provides personal finance curriculum to high schools and scholarships to students nationwide. Since 2009, H&R Block Dollars & Sense has donated more than $3 million in grants and scholarships. For more information, visit hrblockdollarsandsense.com.

POSTED: January 9, 2014 | BY: admin | TAGS: , , , ,

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