If you thought Keurigs have made paper coffee filters a thing of the past, think again. From filtration systems and custom hand-held fans to lampshades and taco holders, students participating in this year’s Meaningful Economics (ME*) Competition came up with creative new uses for Melitta Bentz’s 106-year old patented product.
The ME* Competition, produced by the University of Delaware’s Center for Economic Education and Entrepreneurship with support from the Delaware CEE, was held recently in May, inviting Delaware elementary students to design products or services which solved an economic problem—this year’s being to help producers clear leftover inventories in a post-Keurig world.
Participating teams gave their designs catchy names, determined target markets, priced products, and planned modes of distribution. The resulting plans were then pitched to a panel of judges.
Teams were also judged in written test and production activity rounds. For the latter, students assembled a card game, matching idioms related to the use of money with their meanings. Students cut and pasted while learning about team management and job specialization, ultimately being judged by the quality and quantity of their output.
This year marked the ME* Competition’s 28th run, involving 550 students throughout Delaware. It is produced annually in partnership with Bank of America and Discover with the help of judges from Capital One and JPMorgan Chase.