Department of Education Recognizes the Importance of Economic Education

POSTED: July 28, 2010 | BY: kwilliams | TAGS: ,

NEW YORK, July 28, 2010 – The Council for Economic Education announced the continuation of funding through the Excellence in Economic Education (EEE) Program for the seventh consecutive year.

Since 2004, the U.S. Department of Education, Office of Innovation and Improvement has designated the Council as the lead grant recipient for the competitive EEE grant Program. Annually, the Department of Education distributes approximately $1.5 million in support of the Program’s objectives at the K-12 grade levels.In turn, through a competitive process, the Council distributes funds to qualified educational organizations in an effort to strengthen and increase both teacher’s and student’s knowledge of economics.

Qualified applicants include any state education agency, local education agency, or state or local economic, personal finance, or entrepreneurial education organization that works with K-12 students. Applicants are required to show how they will match the federal grant with equal amount of funds from non-federal funding.

“The economic turbulence of the past few years has certainly heightened the importance of economic and financial literacy” , said Nan J. Morrison, the Council’s President and CEO. “The EEE grant program, focusing as it does on K-12 economic and personal finance education, is one way to ensure that vital financial concepts are taught often and well in schools nationwide, so young people have a chance to succeed in a challenging and complex economy.”

Through the EEE Program, the Council promotes economic literacy among K-12 students, while giving teachers the understanding of economics they need to increase student mastery of economic principles and the practical applications of those principles.

Additional objectives of the EEE Program are to:

  • Increase student’s knowledge of and achievements in economics;
  • strengthen teachers’ understanding of and competence in economics;
  • encourage economic research and development;
  • assist states in measuring the impact of education in economics; and
  • leverage and expand increased private and public support for economic education partnerships at the national, state and local levels.

For additional information on the EEE Program, visit the EEE page.

The Council for Economic Education (www.councilforeconed.org) offers comprehensive, best-in-class K-12 economic and personal finance education programs, including the basics of entrepreneurship, consisting of teaching resources across the curriculum, professional development for teachers, and nationally-normed assessment instruments.

Each year, the Council’s programs reach more than 150,000 K-12 teachers and over 15 million students in the United States and in more than 30 other countries. These programs are delivered through a diversified system: directly from the Council, through a network of affiliated state Councils and university-based Centers for Economic Education, and through other partner organizations.

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