News and Announcements
News and Announcements
The Need for Financial Literacy Education
U.S. Secretary of Education Arne Duncan stressed the importance of making financial literacy a staple of the American education system at Pensions & Investments' Investment Innovation and the Global Future of Retirement conference and urged attendees to help educators. Watch the video "Planting Financial Literacy Seeds Across the Globe".
State Board, IFT and IEA Recognize Exemplary Educators
Teachers from across the state were honored for their expertise and commitment to specific content areas. Eight teachers that incorporate economic education into one or more content areas utilizing Econ Illinois programs were recognized for their contributions in the classroom. The educators were recognized during a luncheon June 11 at the Governor’s Mansion in Springfield. View the press release.
Building the Financial Literacy of Illinois Students
The Council for Economic Education, in collaboration with Econ Illinois, held a policy luncheon on June 10.
The 2014 Survey of the States shows that Illinois has fallen off the map in Financial Literacy. There are no statewide standards for Financial Literacy in place and the current consumer education mandate is not considered a required high school course. Even so, some schools and districts in the state have taken steps to ensure that all students receive the financial education they need for success in the future. Chicago Public Schools (CPS) has been a leader in the state and the nation in promoting financial literacy education in K-12 classrooms.
The event brought attention to the importance of economic and financial literacy education and highlighted the success of CPS in addressing this subject area. Gail MarksJarvis, Chicago Tribune, served as the moderator delivering panel discussions on policy and practice in Chicago and across Illinois. Speakers from CPS, Ariel Academy, Capital One, University of Illinois at Chicago, the Illinois State Legislature, the Federal Reserve Bank of Chicago, and PwC presented information applicable to all.
Our goal of the program was for attendees to leave with an understanding of the need for state-wide standards in Financial Literacy and information on how to replicate successful financial literacy programs across the state. Administrators, active educators, and others engaged in educational policy attended the event.
The Survey of the States and this event were funded by Capital One.
3M Economic Educator Award application
Nominations/entries for the 3M Awards will be accepted through July 15. Nominations may be made by a supervisor/administrator, a colleague, a local Center or Office for Economic Education, the Econ Illinois staff, or by the nominee through self-nomination. All K-12 educators teaching economic education may apply. Two winners are selected from among nominees each year. 3M Outstanding Economic Educator award winners receive $500 and a plaque. Their school receives a $350 grant for economic education professional development and/or materials. Application is available!
Naperville Central HS team competes for National Championship and earns Second Place!
Naperville Central HS represented Illinois at the National Personal Finance Challenge and outscored 18 state finalist teams to earn Second Place!
Naperville Central teacher Eleanor Barbino and team members: Megan Angell, Emily Zhen, Matthew Laboe, and Jonathan Wroble defeated over 3,185 teams in nineteen states to ultimately earn Second Place during the national finals fast-paced “Quiz Bowl” round of competition. A student team from the Applications and Research Laboratory, Howard County, Maryland narrowly won the NPFC Championship title. Read about the program.
In the preliminary online competition, 583 students competed from 22 schools and programs across Illinois. The State Finals were be held at the Federal Reserve Bank of Chicago on April 25 with forty students participating in the testing and activities. Naperville Central HS earned First Place in Illinois and Community High School in West Chicago earned a close Second Place.
Willowbrook High School wins Illinois Econ Challenge!
Willowbrook High School outscored Second Place York Community High School, after an extremely close final “Quiz Bowl” round of competition. The First Place team, Kristian Johansen, Alex Lapinski, Mike Rogalski, Tyler Rusnak and teacher Brian Eslick received a trophy and framed certificate for their school, individual medals and certificates as well as Visa gift cards. The championship event, held April 10th at the Federal Reserve Bank of Chicago, consisted of individual and team written tests and the final quiz bowl round of competition. Willowbrook students went on to compete in the National Semi-finals the following week. Read more...
Survey of the States
Every two years, the Council for Economic Education (CEE) conducts a comprehensive look into the state of K-12 economic and financial education in the United States, collecting data from all 50 states and the District of Columbia. The 2014 Survey of the States shows notable progress over the past 15 years since the first survey was conducted. The biennial survey serves as an important benchmark for progress.
Gen i Revolution Contest Winners Announced
The winning entry of the CEE Choice Contest was created by a team of five students of M.T. Blount High School in Eight Mile, AL. Allen Merryman, a Career Tech Teacher at M.T. Blount, served as the team’s sponsor.
The team’s Mission topic is the importance of insurance. Their mission looks at the types of risks that a young person may face—such as health concerns or purchasing a car—and explores the possible ways to protect against that risk. Gen i Revolution’s upcoming sixteenth mission will draw inspiration from this entry. The new mission will teach the important financial literacy concept of protecting and insuring. Each team member has earned a $50 iTunes Gift Card, the sponsoring teacher has won a $1,000 American Express Gift Certificate for use in the classroom.
Get ready for summer and join in the fun! NIU STEM Outreach increases STEM literacy and interest for K-12 students, families, and educators. Delivering off-campus programs and on-campus activities that increase science, technology, engineering, and mathematics literacy and enthusiasm among students, their families, and educators. Information on numerous outreach programs is also offered, including NIU's STEM departments and the colleges.
Teaching the News
Use these current events to teach the news in your classroom. Following each article you’ll find several related resources from EconEdLink.org for teaching the underlying economics and personal finance concepts.
UIC CEE Working Paper Series
The UIC Center for Economic Education website features a list of working papers on a variety of economic education topics. Helen Roberts, Director of the UIC Center is one of the contributing authors.
Archived Webinars for Economics and Personal Finance Education
CEE is pleased to offer free webinars for K-12 teachers, after school providers, curriculum developers, partners and anyone who has an interest in furthering economics and personal finance education in our nation’s schools.
Teacher shows why The Stock Market Game should be in YOUR classroom!
Tom Kowalewski, Virginia High School, created this video file for a course project. See how the SMG program can help reinforce teaching goals and provide life skills for students. Tom recommends Money Spin educational puzzle activity from White Bag Software. Watch»
Pritzker Elementary- SMG in the classroom
This Web-Documentary produced by The Stock Market Game and the "Pearson Foundation chronicles Pritzker Elementary's teacher Jerry Weissbuch and his use of the SMG program in the classroom and after school. Watch»
Managing Risk at CME Group - How it all Works
This is a great and yet very simple introduction to the vital role CME Group plays in helping people manage their risk on a daily basis. It breaks the terminology and general concepts down into terms everyone can understand. A great video to play in the classroom too. Students who tour the CME Group/Chicago Board of Trade see this video as part of that visit. Watch»