The 12th Annual National Economics Challenge streamed live on Sunday, May 20. Watch the top four teams compete in a rigorous quiz bowl to determine the National Champions in the Adam Smith and David Ricardo divisions!
More than 5,760 students from 33 states participated in the 12th Annual National Economics Challenge, and now the top two teams from each division will go head-to-head for the title of National Champion.
WATCH IT LIVE!
This year’s quiz bowl will be broadcast from the Tisch WNET Studios in New York City on Sunday, May 20 at 3:00 pm EST. Tune into this exciting live event by clicking here on Sunday.
TWEET YOUR EXCITEMENT!
Follow the Council for Economic Education on Twitter @council4econed. The live broadcast will feature our Twitter feed, so get in on the action by using the hashtag #CEE to root for your team and share your thoughts as the quiz bowl unfolds.
Last week, the White House hosted a Summit on Financial Capability and Empowerment addressing the gap between our complex financial marketplace and consumers’ knowledge about them—or lack thereof. Our CEO and President Nan J. Morrison was among the industry leaders invited to attend the conference, at which several important announcements were made.
David Nelms, CEO of Discover Financial Services, announced Chicago Public Schools’ plans to implement a new Financial Literacy Framework at the K-12 level. This initiative is the result of a 4-year partnership with CEE, Discover and other industry partners, created to provide students with the necessary real-world skills to navigate today’s financial landscape. CEE will also provide the curriculum for a 12th-grade personal finance capstone course, funded by a $1 million grant from Discover.
Also of note, the Administration announced its new Financial Capability Toolkit containing key information for K-12 schools, institutions of higher education, employers, and community leaders. Several of CEE’s resources are highlighted in the guide, including this year’s Survey of the States and our Financial Fitness for Life program.
Orlando, Fla. – The Institute for Financial Literacy awarded the Council for Economic Education with a 2012 Excellence in Financial Literacy Education (EIFLE) Award. Financial Fitness for Life®, Grades 9-12, won the Education Program of the Year in the Children’s Saving and Investing Category.
“CEE is proud of the recognition received for our Financial Fitness for Life program. A lot of dedication goes into the creation and delivery of FFFL, ensuring we reach as many students as possible to teach smart financial behaviors at a young age,” said CEE President and CEO Nan J. Morrison.
Financial Fitness for Life (FFFL) teaches students, and measures their progress on understanding, the four themes of personal finance: earning an income, saving, spending and credit, and money management with engaging, hands-on instructional activities.
About the Council for Economic Education
The Council for Economic Education is the leading organization in the United States that focuses on the economic and financial education of students from kindergarten through high school. CEE trains educators to teach young people the fourth “R”—a real-world understanding of economics and personal finance—so that they will be able to make informed and responsible choices throughout their lives as consumers, savers, investors, citizens and participants in the global economy. Each year CEE’s programs reach more than 55,000 teachers and approximately 5 million students.
About the Excellence in Financial Literacy Education (EIFLE) Awards
Established in 2007, the mission of the EIFLE Awards is to promote the effective delivery of consumer financial products, services and education by acknowledging the accomplishments of those that advance financial literacy education. The EIFLE Awards dinner is held each year during the Annual Conference on Financial Education.
About the Institute for Financial Literacy
The Institute for Financial Literacy is a nonprofit 501(c)(3) tax exempt organization whose mission is to promote effective financial education and counseling. As a national authority on adult financial education, the Institute advances professionalism and effectiveness in the field of financial literacy by setting the National Standards for Adult Financial Literacy Education™, hosting the Annual Conference on Financial Education™, presenting the Excellence In Financial Literacy Education (EIFLE)™ Awards, maintaining the Library of Personal Finance™, and administering the Center for Financial Certifications®, Council on Financial Education Accreditation™, Center for Consumer Financial Research™ and Center for Consumer Financial Education™. For more information about the Institute, visit www.FinancialLit.org.
The Excellence in Economic Education (EEE) program was not included in the FY2012 budget. The Council for Economic Education has reached out directly to Secretary Arne Duncan to request that the Department of Education continue to support this important program in 2012-2013 through discretionary funds. As an educator, your support for this request would be well received by the Department of Education.
With modest federal funding, EEE promotes economic and financial literacy for K-12 students throughout the country. Three quarters of the funding for EEE has been allocated to support programs carried out at the local and state level. These programs have reached thousands of teachers through participation in a workshop or other activity, receipt of instructional materials, and introduction to best practices in economic, personal finance, and entrepreneurship education. Results of local testing of both teachers and students have indicated that programs supported by EEE have brought about increases in teacher knowledge and student learning. In addition, the EEE has supported important research in economics and personal finance that would otherwise not have been conducted.
Thank you for your support.
CEE has reached out directly to Secretary Duncan to request that the DOE continue to support this important program.
We received a wonderful response in support of the letter to Secretary Duncan. Here is a copy of the letter including all of its supporters.