More than 10,000 students from 40 states participated in the 13th 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 live from Tisch WNET Studios at Lincoln Center in New York City on Sunday, May 19 at 3:00 pm ET. Tune into this exciting live event by visiting our Facebook on Sunday.
TWEET YOUR EXCITEMENT!
Follow the Council for Economic Education on Twitter @council4econed. Get in on the action by using the hashtag #CEE to root for your team and share your thoughts as the quiz bowl unfolds.
The 13th Annual National Economics Challenge culminates with an exciting quiz bowl this Sunday, May 19 at 3:00pm ET. More than 10,000 students from 40 states participated in this year’s competition, and only eight teams will vie for the title of National Champions in New York City this weekend.
CEE asked the eight Finalist teams to prepare a video profile that shows who they are as people, students and scholars. Get over to our Facebook page and vote for your favorite team. The team with the most votes will receive a $100 Amazon gift certificate for their school and a $25 iTunes gift card for each student from the team.
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
You can VOTE once each day until Tuesday, May 21, 11:59pm ET. We’ll announce the winning team on Wednesday.
This video contest has no influence on National Economics Challenge testing and judging.
The new National Standards for Financial Literacy, developed by CEE in conjunction with a team of experienced and talented economists, education specialists at Federal Reserve banks, and financial education researchers, provide a framework for teaching personal finance in kindergarten through 12th grade. The standards will assist educators and school districts to build a framework for teaching financial literacy in your school.
The standards contain the areas of knowledge and understanding that are fundamental to personal finance:
Buying Goods and Services
Protecting and Insuring
Each of these six standards includes benchmarks outlining what a student should be able to understand and examples at the 4th, 8th and 12th grade levels of how the student might demonstrate this understanding. The benchmarks also emphasize decision-making skills by explicitly relating planning and goal setting, financial decision making, and assessing outcomes to each standard.
Watch our short video for an introduction to the new standards. Download a free copy here.
It is always satisfying to watch a student’s face light up when he or she grasps a previously baffling concept or idea.
Even more satisfying is the moment when a student not only “gets it,” but also understands why something is worth knowing and how it might make a difference in his or her own life.
Empowering students was the goal of Virginia’s 2013 Governor’s Challenge in Economics and Personal Finance in April. I had the privilege of addressing high school students from across the Commonwealth who had triumphed in the online portion of the competition and were battling it out in the championship rounds at Virginia Commonwealth University. Their energy was contagious, and I was impressed by their command of this critical subject matter.
The Governor’s Challenge, sponsored in partnership with the Virginia Council on Economic Education (VCEE), highlights real-world financial skills and economic concepts that the state Board of Education incorporated into a now-required high school course in economics and personal finance.
By passing the course, students will come to understand their role and opportunities in the global marketplace. They will acquire the foundational knowledge needed to make smart decisions as adults about spending, saving, investing, risk taking and, even, starting a business.
Meet the 2013 Governor’s Challenge state champions – Western Albemarle High School:
Partnerships allow us to draw upon existing strengths between school divisions, government, the private sector, and groups with specific expertise such as the Council for Economic Education and VCEE. Together, we can maximize our investments and equip more students with the knowledge and skills they’ll need to prosper and secure financial independence.
In honor of Financial Literacy Month, CEE asked our nation’s K-12 classroom teachers to share their lesson plans in our contest “What is your most creative idea for implementing personal finance into the classroom?”
We received videos from across the country, and posted them on our Facebook page for our fans to vote for their favorite.
Congratulations to the Popular Vote Winner:
Teacher: Bobby Letter School: Peak to Peak High School, Lafayette, CO
Congratulations to the CEE’s Choice Winner:
Teacher: Greg Cox School: Ellis Elementary, Logan, UT
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…