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Delaware fosters discussion on Economic and Personal Finance Education

In an effort to bring attention to the continued need for personal finance education in K-12 programming, over 80 industry, government and education leaders gathered on May 5 to discuss the state of economic and personal finance education in Delaware and how they are working together to improve the economic and financial literacy of young people.

ceee1 300x200 Delaware fosters discussion on Economic and Personal Finance Education

Delaware Govenor Jack Markell.

The program, held earlier this month at the Hotel du Pont, was the first of four regional events hosted by the national Council for Economic Education (CEE) and its local affiliate, the Delaware Council on Economic Education (DCEE), and sponsored by Capital One.

Highlighted during the event was the progress already being made through the strong partnership forged with the University of Delaware’s Center for Economic Education and Entrepreneurship (CEEE).

“An overwhelming majority of Americans, when hit with an emergency, would have less than two weeks of reserve on which to live and a huge number of people would be out on the streets,” said Gov. Jack Markell, a longtime advocate committed to financial education, in his keynote address. “So, unfortunately, most kids don’t know about money because they’re not learning about it at home.” Read more…

POSTED: May 29, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , , , , ,

CEE launches Senate Financial and Economic Literacy Caucus

Last week on May 21, the Council for Economic Education hosted Senator Jack Reed (RI) and Senator Mike Enzi (WY) in Washington, DC for a very exciting announcement: the official launch of the Senate Financial and Economic Literacy Caucus, a bipartisan effort to ensure that all Americans are equipped with the essential skills and education they need.

senateFEL1 300x198 CEE launches Senate Financial and Economic Literacy Caucus

Senator Jack Reed (RI) talking with CEE CEO & President Nan Morrison (right) and RI CEE President Margaret Brooks (left).

Senator Reed stressed the importance of bringing people from all sides together to address the issue of financial literacy, “a critical problem for future generations.” Financial education is a lifelong endeavor, he continued, and “has to start in elementary and secondary schools, and lead into the college arena.”  The Caucus, he hopes, will be a “catalyst for positive change.”

Senator Enzi addressed the need for access to information and tools to help Americans make the right choices, like saving for retirement, buying insurance, or investing.

Following their remarks, the room turned its attention to an important and timely question: what role should the federal government play in supporting financial literacy? Read more…

POSTED: May 28, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

CEE announces the winner of the 2014 National Economic Challenge Video Contest

The winning entry of the 2014 National Economic Challenge Video Contest was created by a team of four students from Iolani High School in Honolulu, Hawaii. Dick Rankin, an Iolani Teacher, served as the team’s Coach.

CEE asked the eight finalist teams for the 2014 National Economic Challenge to prepare video profiles that show who they are as people, students and scholars. These videos were placed on our Facebook page and open to voting by the general public. The team from Iolani High School received the most votes with over 220 votes.

Each student on the team will receive a $25 iTunes gift card and the coach will receive a $100 Amazon gift certificate for use in the classroom. Congratulations to Iolani and to all the finalists for their great submissions!

POSTED: May 27, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , ,

Double Your Impact Through CEE’S $175,000 Challenge Grant

springappeal 300x115 Double Your Impact Through CEE’S $175,000 Challenge GrantCEE is excited to announce a $175,000 challenge grant. Thanks to the generosity of our Board Members, Scott Booth and Barry Haimes, all gifts received by June 30 will be matched dollar-for-dollar up to $175,000.

We depend on donors to continue to utilize the best educational technology, build new programs to meet evolving needs, and develop the most up-to-date resources.

Here are some ways that you can invest in a brighter future for our kids:

  • $150 donation trains one teacher in interactive classroom learning activities. That teacher will reach 50-150 students each year.
  • $500 donation outfits a classroom with books and materials about earning, saving, investing and managing money.
  • $1,250 provides a full scholarship for a teacher to attend CEE’s highly regarded 53rd Annual Financial Literacy and Economic Education Conference, where educators share best practices and receive training on new resources.

Join in the effort to make economic and financial literacy a priority in our schools, and help educate young people about the economy they will ultimately inherit by donating today.

If you would like to support CEE and its programs, please call Tarnisha Smart, Director of Development Services, at 212-730-6704 or click here to make your gift.

POSTED: May 27, 2014 | BY: Annamarie Cerreta | TAGS: , , , , ,

Houston and New York City High Schools Take Home Top Honors in Annual National Economics Challenge

Council for Economic Education names Champions of Nationwide High School Competition

NEW YORK, NY May 20, 2014 – The Council for Economic Education is excited to announce the winners of the 14th Annual National Economics Challenge, a rigorous academic competition putting students’ economic skills and knowledge to the ultimate test. Besting over 10,500 students from 40 states, Bellaire High School from Houston, Texas took home the top prize for the Adam Smith Division, (for advanced placement, international baccalaureate and honors students) and Hunter College High School from New York City was named the winner of the David Ricardo Division (for students who have only taken a single-semester economics course) in the two-day competition, hosted by the Council for Economic Education and sponsored by State Farm.

Here are just a couple of the tough questions they answered correctly to take home the win—see below for answers.

1.  Quantitative easing places what type of pressure on the international value of the dollar?

2.  Of the components of GDP, which is the most important for long-run economic growth?*

NECstock Houston and New York City High Schools Take Home Top Honors in Annual National Economics Challenge

The National Economics Challenge applies the excitement of an athletic competition to academic excellence, providing students with the opportunity to apply their economics knowledge and work in teams. The finals were held May 18-19 in New York City, and included written exams and a critical thinking round, culminating in a “quiz-bowl” round held at WNET Studios at Lincoln Center and co-hosted by CNBC’s Steve Liesman. This year’s challenge also included special guest video questions from Janet Yellen, the Chair of the Board of Governors of the Federal Reserve.

The winning teams departed immediately after for the honor of ringing the The Closing Bell at The New York Stock Exchange, a once-in-a-lifetime opportunity and tradition dating back to the early 1900’s.

“We’re so thrilled to play host to this fantastic event for the 14th year in a row,” said Nan J. Morrison, CEO and President of CEE. “This has been an incredible way to engage students in the study of economics, and make it fun and rewarding for them. Congratulations Bellaire High School and Hunter College High School on your achievements, and for setting the bar high for next year’s competition!”

Here’s the complete list of winners:

Adam Smith Division (AP, IB and honors students)

First Place- Bellaire High School/Bellaire, Texas

Second Place- Carmel High School/Carmel, Indiana

Third Place- Iolani School/Honolulu, Hawaii

Fourth Place- Grissom High School/Huntsville, Alabama

David Ricardo Division (Single semester general economics students)

First Place- Hunter College High School/New York, New York

Second Place- Little Falls Community High School/Little Falls, Minnesota

Third Place- Carmel High School/Carmel, Indiana

Fourth Place- Souderton Area High School/Souderton, Pennsylvania

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

To view the National Economics Challenge on-demand, visit www.facebook.com/councilforeconed.

*Answers: 1. To Depreciate; 2. Investment

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

CEE In the News: National Economics Challenge Recap

The day of the National Economic Challenge was a busy one for CEE and challenge participants.

On the morning of the National Economics Challenge some of the finalists were interviewed by CNBC’s Steve Liesman on Squawk Box.
The winning teams had the opportunity to ring the closing bell at the New York Stock Exchange. Steve Liesman interviewed students again after the bell ringing.
On CNBC’s Nightly Business Report, Steve Liseman put together a round-up segment including actual competition footage (24:00 mark).
NY1′s Money Matters report with Tara Lynn Wagner on Thursday night will have additional coverage of the National Economics Challenge.
NEC NYSE Closing CEE In the News: National Economics Challenge Recap

POSTED: May 21, 2014 | BY: Morgan Hoey | TAGS: , ,

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