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In honor of Financial Literacy Month, the Maryland Council for Economic Education (MCEE) is delivering a robust slate of programs and resources for students, educators and the public to raise awareness of and educate communities on the importance of Financial Literacy.
Financial Literacy Month, first celebrated nationally in 2004, brings attention to the importance of financial education which teaches the skills necessary to make smart financial decisions, including those related to banking and savings, student loans, homebuying, credit card debt, and personal budgeting.
MCEE’s Financial LIteracy Month initiatives include:
Financial Literacy Month Resource Calendar: Packed with resources, this calendar features informational videos, educational activities, news stories on financial literacy topics, discussion prompts and games. Find it here: https://econed.org/Financial-Literacy/
Schemes and Scams - April 12, 7-8pm: Special Supervisory Agent Keith Custer from the FBI’s Complex Financial Crimes Unit will guide attendees on how to spot scams and safeguard their savings. Register here.
Understanding the Financial EcoSystem - April 21, 5-6pm: Representatives from FINRA will guide teachers and students in an informational exploration of the financial landscape. Register here.
Family Activities One-Pager: MCEE has created a one-pager featuring prompts and activity suggestions for families to complete and discuss at home to expand their financial literacy knowledge. Find it here.
Student teams from Harford County's Ring Factory and Joppatowne Elementary schools are winners in the Stock Market Game Maryland Fall championships.
Ring Factory won the Elementary School State Championship and Joppatowne won the North Region Elementary School Championship, according to a news release from the Maryland Council on Economic Education, which organizes the program.
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Impressive teams of elementary, middle and high school students from across Maryland have been named Regional and State Championship winners of the Fall Stock MarketGame™ competition, organized by the Maryland Council on Economic Education (MCEE).
The Stock Market Game™ gives teams of students from across Maryland an imaginary $100,000 to invest over ten weeks on the New York, American and NASDAQ markets. More than 713 teams competed in the Stock Market Game™ this year. Winners this Fall include:
Elementary School Champions: Ring Factory Elementary School, Harford County
Middle School Champions: Calverton School, Calvert County
High School Champions: Clarksburg High School, Montgomery County
Elementary School Champions: Joppatowne Elementary School, Harford County
Middle School Champions: Brunswick Middle School, Frederick County
High School Champions: Brunswick High School, Frederick County
Elementary School Champions: Pointers Run Elementary School, Howard County
Middle School Champions: Easton Middle School, Talbot County
High School Champions: Clarksburg High School,. Montgomery County
Elementary School Champions: Marley Elementary School, Anne Arundel County
Middle School Champions: Monarch Global Academy, Anne Arundel County
High School Champions: Stephen Decatur High School, Worcester County
The Maryland Council on Economic Education offers the Stock Market Game™ to students and teachers throughout Maryland each spring and fall to provide education about stock markets, the American economic system and the global economy. Participants develop skills in math, language arts, research and critical thinking, while building and maintaining a stock portfolio.
The unique competition gives students real-world experience in investing, requiring them to make decisions about the direction of markets, buying or selling stocks, and completing transactions online. With real-time portfolio statement updates, teams are able to see how their team ranks compared to others, as well as the current value of their stocks.
A team of students at Pointers Run Elementary School in Howard County drew upon their investing and financial literacy skills to win the Maryland Central Region Elementary School Championship of the Fall Stock Market Game competition, which is organized by the Maryland Council on Economic Education.
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Mt. Hebron High School economics teacher Vann Prime has won the Council for Economic Education’s (CCE’s) 2021 John Morton Excellence in the Teaching of Economics Award. This is the most prestigious national award given to economics educators.
The award is given annually to an outstanding elementary, middle, and high school teacher. It recognizes teachers who demonstrate exemplary teaching techniques that improve students’ economic understanding, and awareness of economics and economic decision making, in and out of the classroom.
Mr. Prime received his award at the annual CEE conference held this fall. At the event, he joined the elementary and middle school awardees to share best practices on classroom techniques.
In addition to teaching economics, Mr. Prime is the faculty coach of Mt. Hebron’s National Economics Challenge Teams, which have placed first nationally for the past three years. He has also coached Team USA at each International Economics Olympiad since 2019.
The Council for Economic Education’s mission is to equip K-12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities.
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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:
We are thrilled to announce the Maryland Spring 2021 InvestWrite winners!
InvestWrite is an innovative national essay writing competition that allows students to reflect on the learning process by writing about their experience playing The Stock Market Game. Students are able to utilize their newfound knowledge about the stock market by explaining their investment strategies and their recommendations based on what they have learned about saving and investing.
Maryland statewide InvestWrite winners are selected for elementary, middle and high school. The selected champions receive a $50 cash prize and a banner for their school. In lieu of a banner, home school students receive a yard sign recognizing their achievement. Congratulations to all the hard-working winners!
Last Saturday, April 24th, the Maryland Council on Economic Education hosted the final round of the 2021 Maryland Personal Finance Challenge Competition. The Maryland Personal Finance Challenge is an academic competition that provides high school students the opportunity to learn and then demonstrate knowledge and application of personal finance concepts during a one day academic competition. Student teams from high schools across the state compete with the excitement of an athletic competition to be recognized as the Maryland State Champion. The winning team is invited to represent Maryland at the National Personal Finance Challenge Competition.
Due to the pandemic, the 2021 competition was held completely virtually with student teams from across Maryland participating. There were two rounds of the competition. The first round consisted of a multiple choice test taken by all members of each team. The top six scoring teams were then invited to the finals round. The teams who earned a spot in the finals round were given two hours to review and prepare and present a case study analysis live via Zoom platform. Judging the student presentations were Sherrice Davis, Vice President of M&T Bank, Andy Bauer, Vice President and Regional Executive for the Federal Reserve Bank of Richmond, and Dr. Melissa Groves, Economics Professor at Towson University.
The competition was fierce and the presentations given by the student teams far exceeded expectations. The 2021 Champion Team who will advance to represent Maryland in the National Personal Finance Challenge in May is Team AOF1 from the Applications and Research Lab (Howard County Public Schools). Dr. Maddy Halbach advised the team. Congratulations to all who participated and to our generous sponsors for supporting this wonderful program!
Announcing the winners of the 2021 Maryland Economics Challenge!
Each year the Maryland Council on Economic Education hosts the Maryland Economics Challenge Competition. The challenge is an annual academic competition where teams of four students from high schools throughout Maryland compete to demonstrate knowledge of microeconomics principals, macroeconomic principals, and the world economy.
There are two divisions within the Economics Challenge Competition Program. The David Ricardo division is for first time competitors who have taken no more than one economics course. The Adam Smith division is for returning competitors, students enrolled in Advanced Placement or International Baccalaureate courses, or who have been enrolled in more than one economics course.
We are proud to announce the winners from the 2021 Maryland Economics Challenge. The first place winner in each division will advance to represent Maryland in the National Economics Challenge in May. Each team member of the first place team in each division will also receive a $100 cash prize from the Maryland Council on Economic Education. Congratulations to all who participated. We are proud of you!
David Ricardo Division
1st Place Winner – Mt. Hebron High School, Advisor Vann Prime, Team David Ricardo I
2nd Place Winner- Centennial High School, Advisor Patricia Reese, Team Centennial Green
3rd Place Winner- Centennial High School, Advisor Patricia Reese, Team Centennial Blue
4th Place Winner- Richard Montgomery High School, Advisor Douglas McDonald, Team RM 7
5th Place Winner- Gilman School, Advisor Sean Furlong, Team Greyhound
Adam Smith Division
1st Place Winner – Mt. Hebron High School, Advisor Vann Prime, Team Adam Smith I
All student team members scored a 100% on the challenge exam!
2nd Place Winner- Richard Montgomery High School, Advisor Douglas McDonald, Team RM 1
3rd Place Winner- Richard Montgomery High School, Advisor Doughlas McDonald, Team RM 2
4th Place Winner – Mt. Hebron High School, Advisor Vann Prime, Team Adam Smith II
5th Place Winner – Winston Churchill High School, Advisor Monica Malanoski, Team Bulldog Bullish Economists
This is the fourth consecutive year that Mt. Hebron High School has won the Maryland Economics Challenge and they will advance to compete for their third consecutive National Economics Challenge Championship. Congratulations and we wish the students and Mr. Prime good luck in the National Economics Challenge.
TOWSON, Md., March 15, 2021 – The Maryland Council on Economic Education (MCEE) partnered with APG Federal Credit Union (APGFCU) to host Elissa Brent Weissman, author of The Short Seller, and the entire Harford County Public School (HCPS) fifth-grade class through virtual events on March 15, 17 and 18, 2021. HCPS students had the opportunity to meet the New Zealand-based children’s book author and discuss The Short Seller, which they are currently reading, as well as their experiences participating in the Stock Market Game.
The Short Seller revolves around a 12-year-old girl, Lindy Sachs, who begins trading stocks in her father’s online trading account while home sick from school. Lindy soon realizes she’s very skillful at e-trading and has an opportunity to be successful.
As HCPS students are reading The Short Seller, they are simultaneously playing the Stock Market Game in class, which educates students about the stock market, America’s economic system and the global economy. Participants develop skills in math, language arts, research and critical thinking while building and maintaining a stock portfolio over several months using $100,000 of virtual cash. This innovative curriculum allows students to apply the information from The Short Seller into creating their own model stock portfolios.
George Toepfer, Supervisor of Social Studies at HCPS, is the visionary who led efforts to incorporate the Stock Market Game into the curriculum for all fifth-grade students. Teachers and students have embraced this innovative approach to teaching Social Studies concepts. This event is the result of a strong partnership between HCPS, MCEE and APGFCU’s generous donation to fund the purchase of the books for the entire HCPS fifth-grade class.
MCEE is a 501(c)(3) nonprofit organization, which has been training Maryland teachers and providing engaging hands-on programs for K-12 students to encourage transformational learning since 1953. In addition to coordinating the Stock Market Game experience for students state-wide in grades 4-12, MCEE also sponsors the Maryland Personal Finance Challenge, The Maryland Economics Challenge, and a poster contest annually. MCEE’s mission is to ensure Maryland’s children leave school prepared to make thoughtful and responsible economic and personal finance decisions. More information about the MCEE can be found at: www.econed.org
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