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2016 Alfred P. Sloan Foundation Teaching Champions

BLOG Image 2016 ALFRED P. SLOAN FOUNDATION TEACHING CHAMPIONS 2016 Alfred P. Sloan Foundation Teaching ChampionsWe’re thrilled to announce the winners of the 4th annual Alfred P. Sloan Foundation Teaching Champion Awards, honoring three outstanding NYC metropolitan area teachers for excellence in economic education.  Demonstrating innovative teaching methods, lesson plans and learning strategies, these teachers are raising the bar for economic education, and will receive the Sloan Award at our annual Visionary Awards gala at the Plaza Hotel in New York City on Wednesday, October 26.

Selected by an expert panel of judges, this year’s winners stood out for their creativity and ability to effectively engage students. This year’s winning teachers are: Theresa Fisher, Ridgefield High School, Ridgefield, CT; Jonathan Joseph, White Plains High School, White Plains, NY; and Gloria Schneider, SAR High School, Bronx, NY.

“We applaud these outstanding teachers for their innovation and dedication to making economic concepts come alive for their students,” said Nan J. Morrison, CEE President and CEO.  “We hope that by bringing awareness to their achievements, these educators will inspire their fellow teachers to bring economics and personal finance to every classroom.”

The winners will co-facilitate a training workshop for area teachers and share their best lessons with teachers nationwide through videos on Council for Economic Education’s teacher website, EconEdLink. Winners receive a $5,000 prize, and their schools receive a cash award of $2,500 to support economic and financial education.

Offered since 2013, the Alfred P. Sloan Teaching Champion Awards promote economic education at the high school level by recognizing and honoring teachers who effectively deliver this important content in and out of their classrooms and achieve results. The three award recipients provide students with an understanding of economics and the tools to make informed and responsible decisions throughout their lives.

Congratulations to these three outstanding teachers!

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

The Students Have Spoken: Vote for Your Favorite Economic Advice!

We asked students nationwide, “What economic advice would they give the next U.S. president?” and we received hundreds of creative and fun video entries. The topics ranged from increasing human capital, helping the homeless, cutting the military budget, free college tuition and more!

VOTE FOR YOUR FAVORITE VIDEOS!

Voting period ends October 7 at 11:59 p.m. ET.

Capture The Students Have Spoken: Vote for Your Favorite Economic Advice!

POSTED: October 3, 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: , , , , , , , , ,

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: , , , , , , , , , ,

Personal Finance Is A Lot Like Relationships

 

Matt Gherman photo Personal Finance Is A Lot Like RelationshipsWritten by: Matthew Gherman 11/12th Grade Teacher of AP Economics, American History, ELL Global History at Edward R. Murrow High School, Brooklyn, NY. Matthew received the 2015 Alfred P. Sloan Foundation Teaching Champion Award.

 

Personal finance is a lot like relationships. They’re both taboo subjects in which everyone professes their advice and expertise, but in reality each is a very imprecise science. For high school students, these two topics are numbers one and two in terms of their curiosity (personal finance is probably a distant, but strong, second place). The curiosity and eagerness that surround this topic are what makes it fun to teach.  Students are familiar with many of the terms: interest rates, stocks, bonds, checking account, credit cards, credit score; yet there is so much room for exploration and enlightenment. For both finance and relationships there is wisdom that would be helpful to know at the age of 18, but is only earned from life experience. Therefore, the best approach to teaching the subject incorporates knowledge learned by trial and error, paving the road for the next generation.

Also at the age of 18, these are topics that might seem far away, but really they are much closer and include situations that students need to be ready for.  Students need to understand that their credit score is their life GPA, and they need to start building it now and learning how to build it now.  At 18, they can open up an investment account and learn how to begin to grow their money at a rate faster than a savings account. They need to begin building that big savings for important purchases that will all possibly come within a decade: college, car, apartment, engagement ring, marriage, home and children.  Many of these are concepts that they probably shrug at as “not my problem now,” but that decade goes by fast, and with it a lot of missed opportunity to improve their futures. The savings and investing which will make each stage of their lives easier starts at 18 (or even earlier) and the teacher is the provider of all of this information. The questions and enthusiasm that they bring to class enhance the teaching experience exponentially.

The ease with which these topics can be differentiated is also a great selling point for teaching it. Depending on student strengths, your lessons can range from just reviewing the basics to dissecting and debating scholarly articles and evaluating political implications. There is also opportunity for independent research, web-quests and presentation projects which add a different flavor to the class.  Additionally, teachers aren’t limited by being shackled to a state test at the end of the year. This subject allows creativity for both teachers and students.

Personal finance is strongly connected to the civic responsibility of voting. So many times politics is reduced to sound bites, preying on an uneducated class of voters. There are many social political issues that are shades of gray and fun to debate, but ultimately, the questions all students should have on their minds are what does the government do with our money and what are the implications of government actions on our wages, healthcare, investments, mortgages, and income taxes. Teaching personal finance creates a better informed and responsible citizenry.

The most important aspect of teaching personal finance is that these are life skills. This is the most useful course that students will take in high school because it will help them to be college ready, career ready, and life ready.

POSTED: April 5, 2016 | BY: April Somboun | TAGS: , , , , , ,

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