Press Releases

Financial Literacy Awards Presented to Top Educators at Council for Economic Education’s 52nd Annual Conference in Baltimore

K-12 Educators Honored for Excellence in Financial and Economic Education

Next month, the Council for Economic Education (CEE) will honor educators from across the nation with the William A. Forbes Public Awareness Award, the Adam Smith Award, the Albert Beekhuis Award, and the John Morton Excellence in the Teaching of Economics Awards Awards at its 52nd Annual National Financial Literacy and Economic Education Conference. The conference will be held October 3 – 5 in Baltimore, MD. Read more…

POSTED: September 24, 2013 | BY: kwilliams | TAGS: ,

Council for Economic Education to Welcome 500+ Economic Educators and Financial Literacy Experts At 52nd Annual Conference in Baltimore

Education Non-Profit Hosts Leaders from CFPB, FINRA, Federal Reserve Bank of Richmond

Next month, the Council for Economic Education will hold its 52nd Annual National Financial Literacy and Economic Education Conference in Baltimore, MD, October 3-5, convening leaders, experts and teachers to exchange ideas and discuss the key issues in financial education today. Joining them are Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), Richard G. Ketchum, chairman and CEO of the Financial Industry Regulatory Authority, Inc. (FINRA) and Jeffrey M. Lacker, president of the Federal Reserve Bank of Richmond, all of whom will be speaking at the Conference; Director Cordray and Chairman & CEO Ketchum will be the keynote speakers at the opening plenary session. President Lacker will be the featured speaker at a special Teachers’ Luncheon, with an address entitled Human Capital Investment as a Major Financial Decision; President Lacker’s speech will be available for viewing on the Council for Economic Education website and the full text will be reprinted at richmondfed.org. George Washington University professor and noted financial literacy expert Annamaria Lusardi will also be presenting at this year’s Conference. Read more…

POSTED: September 12, 2013 | BY: kwilliams | TAGS:

CEE Introduces Common Core Resource for Teachers Correlating New National Standards with Financial Literacy Lessons

CEE’s New Resource Helps Educators Teach Financial Literacy and Meet Common Core State Standards

This month, CEE introduces a Common Core Alignment Tool, an invaluable resource to help educators meet the Common Core State Standards while teaching financial and economic literacy. Over 400 CEE lessons, designed for K-12 students at varying grades and competency levels, have been aligned with these Standards, giving teachers access to a content-rich pool of classroom resources.  This easy-to-use online tool will be a helpful resource to teachers as they incorporate the Common Core into their lesson planning for the first time.

The mission of the Common Core State Standards is to “provide a consistent, clear understanding of what students are expected to learn, so teachers and parents know what they need to do to help them.”  They are “designed to be robust and relevant to the real world, reflecting the knowledge and skills that our young people need for success in college and careers,” positioning them “to compete successfully in the global economy.” Currently 45 states have adopted the Common Core, which establish a clear set of expectations in math and English Language Arts (ELA) for K-12 students.  CEE’s interdisciplinary lessons offer educators a way to address these expectations and do so through the lens of personal finance and economics.   Read more…

POSTED: June 24, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , ,

Honolulu, HI and Little Falls, MN High Schools Take Home Top Honors in CEE’s 13th Annual National Economics Challenge

Iolani School and Little Falls Community High School Named Champions in Nationwide Competition

NEW YORK, NY MAY 8, 2013 – The Council for Economic Education is thrilled to announce the winners of the 13th Annual National Economics Challenge, a rigorous academic competition putting students’ economic skills and knowledge to the ultimate test. Nailing questions that few adults could answer correctly, Iolani School, Honolulu, HI took home the top prize for the Adam Smith Division, (for advanced placement, international baccalaureate and honors students) and Little Falls Community High School, Little Falls, MN was named the winner of the David Ricardo Division (for students who have only taken a single-semester economics course).  These teams outpaced over 10,000 other students to win an all-expense paid trip to New York City for a two-day competition to determine the overall champions.  This year’s Challenge is generously supported by State Farm®.

In the Challenge, CEE applies the excitement of an athletic competition to academic excellence, providing students with the opportunity to apply their economics knowledge and work in teams. Competitions are held at the State, National Semi-Final, and National Final levels in the two divisions.  In each competition, teams of students answer rigorous questions on microeconomics, macroeconomics, international economics, and current events. At the National Finals, students complete rounds of testing, work in teams during a critical thinking round to solve a case problem, and participate in a quick-paced oral quiz-bowl in order to compete for the title of National Champions.

The four finalist teams face each other in the final round of the Challenge in a “quiz-bowl” format held in New York City.  Each team must have previously won in its state and been one of the top four highest scoring teams at the National Semi-Finals competition in order to advance to the championship series.

The eight Finalist teams placed as follows:

ADAM SMITH DIVISION
1st Place: Iolani School | Honolulu, Hawaii
2nd Place: Choate Rosemary Hall | Wallingford, Connecticut
3rd Place: Mounds View High School | Arden Hills, Minnesota
4th Place: Richard Montgomery High School | Rockville, Maryland

DAVID RICARDO DIVISION
1st Place: Little Falls Community High School | Little Falls, Minnesota
2nd Place: Carmel High School | Carmel, Indiana
3rd Place: Olympia High School | Olympia, Washington
4th Place: Lexington High School | Lexington, Massachusetts

“Every year, the students competing at this level impress me more and more with the breadth and sophistication of their knowledge,” said Nan J. Morrison, CEO and President of CEE. “Their grasp of complex economic concepts is remarkable at any age, but particularly so at the high school level. Congratulations Iolani and Little Falls on your achievements, and for setting the bar high for next year’s competition!”

2013 Econ Challenge winners 300x225 Honolulu, HI and Little Falls, MN High Schools Take Home Top Honors in CEE’s 13th Annual National Economics Challenge

POSTED: May 20, 2013 | BY: Leslie Rasimas | TAGS: , , , , ,

Finalists Announced for the 2013 National Economics Challenge

Eight high school teams have earned a trip to New York City to compete for cash prizes and academic recognition in the 13th Annual National Economics Challenge. The eight teams won both state and Semi-Finals competitions in their respective divisions, defeating over 10,000 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:

DAVID RICARDO DIVISION (single semester general economics students)

  • Carmel High School, Carmel, Indiana
  • Lexington High School, Lexington, Massachusetts
  • Little Falls Community High School, Little Falls, Minnesota
  • Olympia High School, Olympia, Washington

ADAM SMITH DIVISION (AP, IB and honors students)

  • Choate Rosemary Hall, Wallingford, Connecticut
  • Iolani School, Honolulu, Hawai’i
  • Mounds View High School, Arden Hills, Minnesota
  • Richard Montgomery High School, Rockville, Maryland

Teams will compete Saturday, May 18 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 19 at the WNET Tisch Studios at Lincoln Center in New York City. The event will be broadcast live, and you can watch on the CEE’s Facebook page.

Students across the country participate in the state and Semi-Final rounds of the National Economics Challenge:

2013 nec finalist teams Finalists Announced for the 2013 National Economics Challenge

POSTED: May 1, 2013 | BY: Leslie Rasimas | TAGS: , , , ,

Council for Economic Education Introduces K-12 National Standards for Financial Literacy

The Council for Economic Education (CEE) is pleased to introduce the National Standards for Financial Literacy, a framework for the body of knowledge and skills that should be contained in a K-12 personal finance curriculum. Developed by a team of experienced and talented economists, education specialists at Federal Reserve banks, and financial education researchers, the National Standards for Financial Literacy raise the bar for financial literacy education.

The standards contain the six areas of knowledge and understanding that are fundamental to personal finance: Earning Income; Buying Goods and Services; Using Credit; Saving; Financial Investing; and Protecting and Insuring.  Each standard emphasizes decision-making skills by explicitly relating planning and goal setting, financial decision-making, and assessing outcomes to each standard. Through the standards, students learn how their personal situations and preferences affect their financial decision making, while beginning to understand the trade-offs inherent in every choice they make.  In the end, more informed choices lead to better choices as well as greater satisfaction with the choices that are made. Read more…

POSTED: April 16, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , , , , , ,

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