October 01, 2021 8:00 AM | Anonymous

National Economic Education Month promotes the importance of teaching economics in our schools.

Governor Larry Hogan has joined the Maryland Council on Economic Education in proclaiming October as Economic Education Month. The observance promotes the importance of teaching economics in our K-12 schools. 

Economics is all around us. It teaches us that scarcity forces everyone to make choices, and our choices come with costs. Students with a clear understanding of basic economic principles will be equipped to make educated decisions in the real world.

By studying how our economy works, young people can also learn how to make efficient choices in managing their own scarce resources. Economic education involves teaching children decision-making skills they can apply to all areas of their lives which are necessary to make informed choices as engaged citizens.

Preparing our children for success in life involves teaching them critical decision-making skills when they are young. Providing teachers with innovative and meaningful educational opportunities is one of the most important things we can do to ensure prosperity in our students’ lives and in our communities.

The Maryland Council on Economic Education, based on the campus of Towson University, has served for more than 65 years to promote the teaching of economics and decision making in K-12 schools through providing resources, programs, and professional development workshops for teachers focused on improving the instruction of economics. Economic education in our schools depends on K-12 educators being equipped with high-quality training. They also require resources to ensure students have equitable access to classroom experiences that develop the skills necessary to make informed choices as individuals and members of their community.

Throughout October MCEE will offer special events focused around promoting awareness of economic education statewide. These include:

  • Hosting Towson University Economist and Vice President, Dr. Daraius Irani, on October 20th for a virtual update for teachers and community members on Maryland’s economy and his thoughts on the future.
  • A partnership program with the Federal Reserve Bank of Richmond on October 13th to discuss the new monetary policy tools that the Federal Reserve is using to help manage the United States economy and the impact of the COVID-19 virus.
  • Providing scholarships for Maryland teachers to attend the National Financial Literacy and Economic Education Conference to be held on September 29th-October 1st.
  • Promoting resources for teaching economic concepts and decision making on our website and social media platforms.
Nationally, MCEE is being joined in recognizing and celebrating Economic Education Month by the Council for Economic Education, the Federal Reserve Bank, and others.  Follow #EconEdMonth for news and updates throughout the month.



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