Press Releases

Belmont High School and Little Falls Community High School Win 2012 National Economics Challenge Championships

Students competed against nearly 6,000 others to be honored as the Nation’s brightest

NEW YORK – May 21, 2012 – Belmont High School of Belmont, MA, and Little Falls Community High School of Little Falls, MN placed first in their divisions of an exciting quiz bowl to become the national champions of the 2012 National Economics Challenge, presented by the Council for Economic Education (CEE).

Belmont, competing in the Adam Smith division of students enrolled in Advanced Placement, International Baccalaureate or honors courses, beat The Harker School of San Jose, CA, 15-6; while Little Falls, competing in the David Ricardo division for students enrolled in introductory-level economics courses, beat Carmel High School from Carmel, IN, with a score of 15-4.

Teams who competed to win the national title placed as follows:

Adam Smith division

  • Belmont High School, Belmont, MA – 1st Place
  • The Harker School, San Jose, CA – 2nd Place
  • Bellaire High School, Bellaire, TX – 3rd Place
  • Homewood-Flossmoor, Flossmoor, IL – 4th Place

David Ricardo division

  • Little Falls Community High School, Little Falls, MN – 1st Place
  • Carmel High School, Carmel, IN – 2nd Place
  • Iolani School, Honolulu, HI – 3rd Place
  • Michael E. DeBakey High School, Houston, TX – 4th Place

Belmont was led by coach Bryan Corrigan, and his team members were Ben Goodman, Robbie Gibson, John Lazenby and Even Green.  Little Falls was led by coach Tom Stockard, and his team members were Derek Toso, Adam Grams, Caleb Hardekopf and Michael Borders.

More than 1,500 high school teams in 33 states contended for a spot in the championship in New York City. Finalist teams competed in the oral quiz bowl about complex economic concepts and theories of micro- and macroeconomics, international economics and current events.

“CEE wants to ensure that economics and personal finance concepts are taught to our students – and that these concepts stick with them through adulthood,” said Nan J. Morrison, President and CEO of the Council for Economic Education. “As these remarkable young people have shown us this weekend, teaching these subjects at a young age provides students with the strong foundation to grow into tomorrow’s leaders.”

The 2012 National Economics Challenge was made possible by generous support from State Farm®.

Watch the National Economics Challenge here.

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.

About the National Economics Challenge

The CEE created the National Economics Challenge in 2000 to promote student interest in economics, reinforce classroom instruction, advance academics and school spirit and reward scholarship. In 2011, more than 1,200 teams of high school students participated in 32 states nationwide. The National Economics Challenge is one of several key initiatives in the CEE’s “Campaign for Economic Literacy” which seeks to focus public attention on the importance of economic literacy and the need for a high-quality, standards-based economics curriculum in every state.

POSTED: May 21, 2012 | BY: admin | TAGS: , , ,

Eight High School Teams to Compete in 12th Annual National Economics Challenge

Finalists Outscored More Than 1,500 Teams in Economics and Current Events Tests

NEW YORK – May 1, 2012 – Student teams from eight high schools will compete as finalists in the National Economics Challenge Finals, May 19-20, hosted by the Council for Economic Education and sponsored by State Farm.

The Challenge offers students two levels of competition on the basis of their course enrollment. Students enrolled in advanced placement, international baccalaureate and honors economics courses entered the Adam Smith Division, and students enrolled in single semester general economics classes competed in the David Ricardo Division. The eight teams won both state and Semi-Finals competitions in their respective divisions, defeating over 1,500 teams from 33 states to advance to the finals.

Finalists in the Adam Smith Division are:

  • Bellaire High School, Bellaire, TX
  • Belmont High School, Belmont, MA
  • The Harker School, San Jose, CA
  • Homewood-Flossmoor, Flossmoor, IL

Finalists in the David Ricardo Division are:

  • Carmel High School, Carmel, IN
  • Iolani School, Honolulu, HI
  • Little Falls Community High School, Little Falls, MN
  • Michael E. DeBakey High School, Houston, TX

Teams will compete Saturday, May 19 in three written tests and one critical thinking round to answer questions on complex economic concepts and theories involving micro- and macroeconomics, international economics and current events.  The National Economics Challenge Finals culminates in a quiz-bowl round Sunday, May 20 at the WNET Tisch Studios, New York, NY.

“More than 5,760 students participated in this year’s Economics Challenge, and CEE will have the distinct pleasure of welcoming 32 of the country’s brightest to our National Championship this May,” said CEE’s President and CEO, Nan J. Morrison.  “Congratulations to all students and their coaches who took part this year.”

About the National Economics Challenge:
The CEE created the National Economics Challenge in 2000 to promote student interest in economics, reinforce classroom instruction, advance academics and school spirit and reward scholarship. In 2012, more than 1,500 teams of high school students participated in 33 states nationwide. The National Economics Challenge is one of several key initiatives in the CEE’s “Campaign for Economic Literacy” which seeks to focus public attention on the importance of economic literacy and the need for a high-quality, standards-based economics curriculum in every state.

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.

 

POSTED: May 1, 2012 | BY: admin | TAGS: , , ,

Thad Cochran & MS Teacher Agree on Financial Literacy Benefits

Sharra Jones Testifies at Senate Hearing on Mississippi Financial Literacy Program

WASHINGTON, D.C., April 26 – U.S. Senator Thad Cochran (R-Miss.) today concurred with points made by a Mississippi elementary school teacher at a U.S. Senate hearing on the benefits of increasing financial literacy among students.

Sharra Jones, a third grade teacher at Oak Park Elementary School in Laurel, was among the witnesses invited to testify at a “Financial Literacy:  Empowering Americans to Prevent the Next Financial Crisis” hearing called by the Oversight of Government Management Subcommittee of the Senate Homeland Security and Governmental Affairs Committee. Read more…

POSTED: April 27, 2012 | BY: admin | TAGS: , , , ,

CEE Wins EIFLE Award for Education Program of the Year in Children’s Saving and Investing

EIFLE Logo1 150x150 CEE Wins EIFLE Award for Education Program of the Year in Children’s Saving and Investing
Orlando, Fla. – The Institute for Financial Literacy awarded the Council for Economic Education with a 2012 Excellence in Financial Literacy Education (EIFLE) Award. Financial Fitness for Life®, Grades 9-12, won the Education Program of the Year in the Children’s Saving and Investing Category.

“CEE is proud of the recognition received for our Financial Fitness for Life program. A lot of dedication goes into the creation and delivery of FFFL, ensuring we reach as many students as possible to teach smart financial behaviors at a young age,” said CEE President and CEO Nan J. Morrison.

Financial Fitness for Life (FFFL) teaches students, and measures their progress on understanding, the four themes of personal finance: earning an income, saving, spending and credit, and money management with engaging, hands-on instructional activities.

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.

About the Excellence in Financial Literacy Education (EIFLE) Awards

Established in 2007, the mission of the EIFLE Awards is to promote the effective delivery of consumer financial products, services and education by acknowledging the accomplishments of those that advance financial literacy education. The EIFLE Awards dinner is held each year during the Annual Conference on Financial Education.

About the Institute for Financial Literacy

The Institute for Financial Literacy is a nonprofit 501(c)(3) tax exempt organization whose mission is to promote effective financial education and counseling. As a national authority on adult financial education, the Institute advances professionalism and effectiveness in the field of financial literacy by setting the National Standards for Adult Financial Literacy Education™, hosting the Annual Conference on Financial Education™, presenting the Excellence In Financial Literacy Education (EIFLE)™ Awards, maintaining the Library of Personal Finance™, and administering the Center for Financial Certifications®, Council on Financial Education Accreditation™, Center for Consumer Financial Research™ and Center for Consumer Financial Education™. For more information about the Institute, visit www.FinancialLit.org.

POSTED: April 20, 2012 | BY: admin | TAGS: , , , , ,

Council for Economic Education Announces $200,000 Challenge Grant

Board Member to match all gifts received through June 30, 2012, up to $200,000

The Council for Economic Education (CEE), the leading organization in the United States that focuses on the economic and financial education of students from kindergarten through high school, announced a Challenge Grant.  Funded by one of CEE’s generous board members, the Challenge Grant will match dollar-for-dollar any gifts received by June 30, 2012, up to $200,000.

donate button Council for Economic Education Announces $200,000 Challenge Grant
“If there’s one lesson we’ve learned from the recent recession and its painful fallout, it’s that an alarming number of Americans lack the most basic dollars-and-cents understanding they need to survive in our global economy,” said President and CEO Nan J. Morrison. “CEE raises funds to support the financial education of future generations, and a challenge grant that will match donations dollar-for-dollar is economics we can all understand.”

CEE is uniquely positioned to help narrow the widening gap between what people know about economics and personal finance, and what they need to know.  Last year CEE trained more than 55,000 teachers, including 5,000 in some of the nation’s lowest-performing high schools; those teachers, in turn, reached 5 million students.  Funds raised through the Challenge Grant will enable CEE to support educators more effectively, including programs for Hispanic Americans, girls and K-5 after school providers.

Join in the effort to make economic and personal finance education a priority in the schools, and help educate young people about the economy they will one day ultimately inherit by donating today to CEE’s Challenge Grant.

POSTED: April 19, 2012 | BY: nan | TAGS: , , , , , ,

The State of Economic and Personal Finance Education on our Nation’s Schools

NEW YORK, March 12, 2012 – The Council for Economic Education (CEE), in collaboration with the Calvin K. Kazanjian Economics Foundation, today released its seventh Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools.  The biennial report brings attention to the critical importance of eco­nomics and personal finance education by documenting its status in the fifty states and the District of Columbia. The 2011 survey shows that while there has clearly been progress since the first survey in 1998, that over the last two years, the trend is slowing and in some cases moving backward.

“While many states have addressed this gap in education curriculum, there is still a large segment of the American K-12 student population that is not being exposed to economic and financial education,” said CEE President & CEO Nan J. Morrison.
Read more…

POSTED: March 12, 2012 | BY: admin | TAGS: , , ,

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