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Nation’s Top High School Students Vie for Championship in National Economics Challenge in NYC

Eight Finalist Teams Compete for Championship, Chance to Ring NYSE Closing Bell

Not too many adults know the difference between an IRA and a 401k, let alone Keynesian and Monetarist theories. But eight high school teams nailed these and other brainbusters to compete in the final rounds of the 14th Annual National Economics Challenge. This year’s winners have outpaced over 10,500 students to vie for more than just the championship: the victors will also ring the closing bell on the New York Stock Exchange!

The National Economics Challenge, hosted by the Council for Economic Education, applies the excitement of an athletic competition to academic excellence. Competitions are held at the State, National Semi-Final, and National Final levels in two divisions: the Adam Smith Division (for advanced placement, international baccalaureate and honors students) and the David Ricardo Division (for students who have only taken a single semester economics course). Topics covered include micro- and macro-economic priorities, international and current events.

The finals, held May 18-19 in New York City, include written exams, a critical thinking round and culminate in a “quiz-bowl” round held at WNET Studios at Lincoln Center. The quiz bowl will be co-hosted by CNBC Senior Economics Reporter Steve Liesman, and will also include special guest video questions from Janet Yellen, the Chair of the Board of Governors of the Federal Reserve.

The winners not only take home the trophy, they depart immediately from the studio to the floor of the New York Stock Exchange to ring the closing bell!

Watch the final round of the competition live on Monday, May 19th at 1 PM at WNET Studios at Lincoln Center in Manhattan by tuning into our Facebook page www.facebook.com/councilforeconed.

ADAM SMITH DIVISION

Bellaire High School/Bellaire, Texas

Carmel High School/Carmel, Indiana

Iolani School/Honolulu, Hawaii

Grissom High School/Huntsville, Alabama

 

DAVID RICARDO DIVISION

Little Falls Community High School/Little Falls, Minnesota

Carmel High School/Carmel, Indiana

Hunter College High School/New York, New York

Souderton Area High School/Souderton, Pennsylvania

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

 

POSTED: April 22, 2014 | BY: Morgan Hoey | TAGS: ,

Meet the 2014 National Economics Challenge Finalists

Eight high school teams have earned a trip to New York City to compete for cash prizes and academic recognition in the 14th Annual National Economics Challenge. The eight teams won both state and Semi-Finals competitions in their respective divisions, defeating students from 40 states to advance to the Finals. 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 Finalist teams are:

ADAM SMITH DIVISION (AP, IB and honors students)
Bellaire High School/Bellaire, Texas
Carmel High School/Carmel, Indiana
Iolani School/Honolulu, Hawaii
Grissom High School/Huntsville, Alabama

DAVID RICARDO DIVISION (single semester general economics students)
Little Falls Community High School/Little Falls, Minnesota
Carmel High School/Carmel, Indiana
Hunter College High School/New York, New York
Souderton Area High School/Souderton, Pennsylvania

The finals, held May 18–19 in New York City, include written exams, a critical thinking round and culminate in a “quiz-bowl” round. The quiz bowl will be co-hosted by CNBC Senior Economics Reporter Steve Liesman, and will also include special guest video questions from Janet Yellen, the Chair of the Board of Governors of the Federal Reserve. Watch the final round of the competition live on Monday, May 19th at 1 PM at WNET Studios at Lincoln Center in Manhattan by tuning into our Facebook page at www.facebook.com/councilforeconed.

POSTED: April 22, 2014 | BY: Morgan Hoey | TAGS:

Meet the 2014 National Economics Challenge State Finalists

The 2014 National Economics Challenge is off to an exciting start, State Finalists have earned their titles this week. State Economics Challenge winners will advance to the National Semifinals, from which the top 4 scoring teams and their coach, in each division, win an all-expenses paid trip to New York City to compete in the National Finals. 

Check out the photos of the State Finalists here

ADAM SMITH DIVISION (AP, IB and honors students)
Grissom High School, Huntsville, AL
BASIS- Oro Valley, Oro Valley, AZ
Dos Pueblos High School, Goleta, CA
Boulder High School, Boulder, CO
Choate Rosemary Hall, Wallingford, CT
Nova High School, Davie, FL
Marist School, Atlanta, GA
Iolani School, Honolulu, HI
Meridian High School, Meridian, ID
Willowbrook High School, Villa Park, IL
Carmel High School, Carmel, IN
Iowa City West High School, IA
Shawnee Mission Northwest High School, Shawnee, KA
Mt. Hebron High, Ellicott City, MD
Lexington High School, Lexington, MA
International Academy-Okma campus, Bloomfield Hills, MI
St. Thomas Academy, Mendota Heights, MN
Ocean Springs High School, Ocean Springs, MS
St. Joseph Central High School, St. Joseph, MO
Bozeman High School, Bozeman, MT
Millard North, Omaha, NE
Bergen County Academies, Hackensack, NJ
Stuyvesant High School, New York, NY
Chapel Hill High School, Chapel Hil, NC
Fargo South High School, Fargo, ND
Upper Arlington High School, Upper Arlington, OH
Edmond North High School, Edmond, OK
Conestoga High School, Berwyn, PA
Lexington High School, Lexington, SC
McCallie School, Chattanooga, TN
Bellaire High School, Bellaire, TX
Chantilly High School, Chantilly, VA
St. George’s School, Spokane, WA
Brookfield Central High School, Brookfield WI

DAVID RICARDO DIVISION (single semester general economics students)
Spain Park High School, Hoover, AL
Seton Catholic Preparatory, Chandler, AZ
Homestead High School, Cupertino, CA
Monarch High School, Louisville, CO
Royal Palm Beach Community High School, Royal Palm Beach, FL
Starr’s Mill High School, Fayetteville, GA
Iolani School, Honolulu, HI
Grace High School, Grace, ID
Carmel High School, Carmel, IN
Iowa City West High School, Iowa City, IA
Gardner Edgerton High School, Gardner, KA
Mt. Hebron High, Ellicott City, MD
The Groton School, Groton, MA
Novi High School, Novi, MI
Little Falls Community High School, Little Falls, MN
Madison Central High School, Madison, MS
Hannibal Career and Technical Center, Hannibal, MO
Park High School, Livingston, MT
Bellevue East, Bellevue, NE
West-Windsor Plainsboro High School North, Plainsboro, NJ
Hunter College High School, New York, NY
North Carolina School of Science and Mathematics, Durham, NC
Jamestown High School, Jamestown, ND
Gahanna Lincoln High School, Gahanna, OH
Enterprise High School, Enterprise, OR
Souderton Area High School, Souderton, PA
Christian Academy of Myrtle Beach, Myrtle Beach, SC
Memphis University School, Memphis, TN
DeBakey High School, Houston, TX
Dominion High School, Sterling, VA
Tahoma High School, Covington, WA
Deadweight Winners / Germantown High School, Germantown, WI

Congratulations to the State Finalists, good luck in the next round!

POSTED: April 11, 2014 | BY: Morgan Hoey | TAGS:

Financial Literacy Month 2014 – Kick Off

Nan J. Morrison Financial Literacy Month 2014 – Kick OffAs all of you know, April is no longer “the cruelest month”; it is now financial literacy month!

All of us at CEE are enthusiastic about our plans to celebrate the progress being made in financial and economic literacy and the chance to involve all of you. The 2014 Survey of the States found that only 17 states require a course including personal finance for high school graduation. Those 17 states represent only about 40% of the U.S. population.  That’s a huge gap and we need to close it.  We must expand our high school curricula and then provide our teachers with the tools they need to help students develop these essential real-world skills.

Throughout the month of April, we will share the perspectives here of some of our nation’s most important financial, corporate, and political leaders on the need for and importance of financial and economic literacy. Look out for essays from great guest bloggers, such as:

Carolyn Berkowitz, Managing VP of Community Affairs at Capital One and President of Capital One Foundation

Representative Rubén Hinojosa, 15th District of Texas

Jeff Lacker, President of the Federal Reserve Bank of Richmond and CEE Board Member

David J. Cowen, President & CEO of American Finance Museum and Co-Chair of the International Federation of Finance Museums

Fisher Derderian, Sophomore at The King’s College and CEE Intern

Dan Kadlec, journalist

Brian Page, 2011 Ohio Department of Education Milken National Educator Recipient

Richard Fischer, President & CEO of the Federal Bank of Dallas

Senator Jack Reed, Rhode Island

Beth Kobliner, President’s Advisory Council on Financial Capability for Young Americans.

Representative Matt Cartwright, 17th District of Pennsylvania

And more!

At the end of the month, I will share my thoughts on these experiences. And I hope that you will share some of your experiences with us here.

We know that financial literacy changes the way people see the world and their roles in it. Together, we can make a difference.

Nan J. Morrison
President & CEO
Council for Economic Education

POSTED: April 1, 2014 | BY: kwilliams | TAGS:

CEE Seeks Applications from NY Metro-Area Educators for the Alfred P. Sloan Foundation Teaching Champion Awards

The Council for Economic Education recognizes excellence in economic education by honoring three outstanding educators from the New York Metropolitan area with the Alfred P. Sloan Foundation Teaching Champion Award.

This award promotes economic education at the K–12 level by recognizing and honoring teachers who effectively deliver this important content in and out of their classrooms and achieve results. Read more…

POSTED: March 6, 2014 | BY: kwilliams | TAGS: , ,

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