The Importance of Economic Education 

The webinar began with a discussion on the critical role of economic education in shaping the financial futures of young people. Dr. Davidson emphasized that economics is fundamentally about decision-making and understanding scarcity. She explained, “Economics, at its core, is all about decision making. It’s about the fact that scarcity exists. We can’t have everything we want and we have to make choices”. This knowledge and the tools to analyze and make decisions smartly is essential for students to navigate their personal and professional lives effectively. 

Dr. Hill highlighted the Federal Reserve’s long-standing commitment to economic education, which dates back to the 1970s. He noted that understanding how the economy works, and the role of the Federal Reserve can help individuals make better decisions, ultimately leading to a more stable and prosperous economy.  

The State of Economic and Personal Finance Education 

Ms. Patterson provided an overview of the current landscape of economic and personal finance education in the U.S. She shared that 28 states require at least one course in economics to graduate, and 35 states require at least one course in personal finance. Despite this progress, there is still much work to be done to ensure that all students actually receive this essential education and when they do, that it is from a teacher who is qualified and trained in the subject. 

Dr. Davidson and Dr. Hill discussed the challenges of implementing these requirements at the state level. They noted that education standards are often reevaluated every 5 to 10 years, and the process can be slow and complex. However, they stressed the importance of continued advocacy and collaboration to expand access to economic and personal finance education. 

The Multiplier Effect of Teaching Teachers 

One of the key themes of the webinar was the multiplier effect of teaching teachers. Dr. Hill explained “If you work with a teacher and you spend hours or a day training a teacher, those teachers are then, for the rest of their career going to share those lessons and experiences with their own students for many years to come” This approach ensures a high return on investment and helps reach a larger number of students. 

Dr. Davidson shared her experience in Nebraska, where teachers are now required to take more credit hours in economics as part of their certification. She emphasized the importance of providing ongoing professional development for teachers to keep them engaged and effective in the classroom. 

Collaboration and Innovation in Economic Education 

The webinar also highlighted the importance of collaboration among various organizations involved in economic education. Dr. Hill mentioned the long-standing partnership between the Federal Reserve and CEE, which has resulted in numerous successful programs and initiatives. Dr. Davidson added that state councils and centers for economic education play a crucial role in supporting teachers and students at the local level. 

Ms. Patterson shared examples of innovative programs, such as the National Economics Challenge and the National Personal Finance Challenge, which engage students in competitive and interactive learning experiences. These programs not only enhance students’ understanding of economics and personal finance but also provide valuable skills for their future careers. 

Ms. Patterson also emphasized the broader impact of economic education, stating, “Ensuring that students have a foundational understanding of economics is a critical building block for them to have healthy financial lives. And it doesn’t stop just at those individuals who are reached, but also their families, their communities. And when we think about that in aggregate, that’s how we get a stronger economy and a more stable financial system” 

Conclusion 

The CEE webinar underscored the vital importance of economic education in preparing young people for their futures. By continuing to advocate for these subjects, supporting teachers, and fostering collaboration, we can ensure that all students have the knowledge and skills they need to make informed financial decisions. As Dr. Davidson aptly put it, “Economics is a superpower for understanding the world around you” 

Updated National K-12 Economics Standards are coming this June! 

The Voluntary National Content Standards offer economics content standards. Each standard is an essential principle of economics that an economically literate student should know and a statement of what the student should be able to do with that knowledge at grades 4, 8, and upon graduating from high school.  

Sign up to receive your copy this summer:

A Few Statistics on Economic Education 

• Taking more economics is significantly related to higher levels of earning, home equity, and savings.  

• Research indicates that 6 in 10 teachers earned no course credits in economics during their undergraduate studies. Of teachers certified to teach social studies, 40% did not take an undergraduate course in economics. 

Watch the Event Recording

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post Inspiring the Next Generation: Insights from the CEE Webinar on Building Economic Literacy  appeared first on Council for Economic Education.

The CEE National Economics Challenge will be featured as part of the five-day WYF-FELS summit, being held in Hong Kong August 6-10. WYF-FELS cultivates and celebrates economic education, cultural diversity and individual development among youth globally. The summit and student competition are designed to lead to an improved, globalized education landscape where we can enlighten, enrich and empower future generations.

According to Nan J. Morrison, President and CEO of the Council for Economic Education, “Economics provides a powerful lens to understand how the world works and how to navigate within it. Participating in the WYF-FELS and the NEC not only builds economic knowledge, but enables students to gain skill in teamwork, presentation, and critical thinking, and to establish a network of like-minded global peers.”

You may be able to become a part of this inaugural summit, with over 300 students from across the globe!

Are you a corporate leader with offices in Hong Kong? You too could be part of the Summit by hosting a company visit.

Where: Hong Kong 

When: August 8, 2-2.5hrs in the morning or afternoon 

What: Discussion with senior and junior staff about your organization, roles in the organization and tour of operations. Suggested agendas provided. 

Who: 12-15 high school students who have an interest in and knowledge of economics and world affairs 

Please contact our partner: ling@cp21.org if you would like to host these amazing students! 

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post CEE’s National Economics Challenge is Going Global! appeared first on Council for Economic Education.

The 2024 Survey found that 35 states now require students to take a course in personal finance to graduate, up by 12 since 2022. The new regulations in those dozen states will lead to over 10 million additional K–12 students – 21 percent of current students – gaining guaranteed access to this knowledge, the Survey notes.

“It’s been a banner two years for young people’s financial knowledge and futures,” said Nan J. Morrison, CEE president and chief executive officer. “Requiring all high schools to teach principles of personal finance and economics and all students to study it creates equity and possibility. Putting life-essential financial knowledge into the hands of more and more kids is cause for celebration.”

“We congratulate our state affiliates, legislators, governors, educators and all who joined us in bringing this to fruition,” Morrison said.

States who added personal finance requirements since the previous Survey include Connecticut, Indiana, Louisiana, Minnesota, Montana, Oregon, Pennsylvania, West Virginia and Wisconsin in 2023 and Florida, Michigan and South Carolina in 2022.

In the equally important field of economics, three more states – 28 – now require some study for high school graduation, the Survey found, with some states implementing it through redesigned social studies, civics or government courses rather than an all-new class.

As former U.S. Treasury Secretary Robert Rubin says in the 2024 Survey report, “Teaching our students the basics of economics and personal finance helps them make more thoughtful choices. The more individuals who make better choices, the greater the probability that we will have a resilient economy and a more effective political system.”

States that require neither personal finance nor economics for high school graduation include Colorado, Massachusetts, and Washington.

“It is encouraging to see the gap in financial education offerings to students shrinking. However, there’s still more work to be done to ensure that every young person in America has equal access to a financial education course regardless of where they live, go to school or their social and economic backgrounds,” said Worku Gachou, Head of North America, Inclusive Impact & Sustainability at Visa, which supports CEE’s Survey of the States. Visa and CEE are founding members of FinEd50, a coalition of nonprofit organizations, researchers, corporate partners and professional organizations who are dedicated to improving access to financial education for all young people.

Since 1998, CEE has collected and analyzed data from all 50 states and the District of Columbia, making the biennial Survey of the States an important benchmark for tracking progress on economic and personal financial education.

Now in its 75th year, CEE also offers free educator training and classroom materials for personal finance and economics education.

“Requiring classes in personal finance and economics are significant first steps, but the requirements are only as good as their implementation– and we’re here to help with that, too,” Morrison said.

The full 2024 Survey report with detailed tables and methodology is available at SurveyOfTheStates.com; join the conversation at #SURVEYOFTHESTATES.

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post Financial Education Requirements Soar in America’s High Schools appeared first on Council for Economic Education.

The AP Macroeconomics and AP Microeconomics books are written by AP teachers for AP teachers. They are specifically designed to work in conjunction with an AP-level economics textbook. The Teacher Guide offers unit overviews, well-structured lesson plans, visual aids, and answers to student activities. It allows teachers to supplement student learning and help them excel in their AP exams. The Student Workbook works alongside the Teacher Guide by offering vital concepts and interactive activities.

What has been updated in the latest editions?

Every lesson in Micro and Macro has been updated to match today’s CED (Course and Exam Description from the College Board) and are in accordance with the Voluntary National Content Standards in Economics. Six new lessons have been added to each edition, with every unit offering students a set of practice multiple-choice questions.

“We want young people to be excited about learning economics, and that starts with high quality materials for teachers and tons of practice problems for students to ace their AP exams,” said Nan J. Morrison, CEE president and chief executive officer. “We are grateful to the expert educators who helped make this new edition align with the College Board’s exam updates. These new lessons make it easier for students to succeed on their exams and we hope that makes them want to take more economics classes so they can understand how economics will help them in the real world too!”

While AP economics courses are offered in many schools across the country, even basic economics education remains elusive to many students. According to CEE’s biennial Survey of the States, only half the states require students to take an economics course before graduating.

AP Microeconomics – 6 Units with a total of 39 lessons
Three brand new lessons:
• International Trade and the Effects on Markets
• Decisions to Enter, Produce, and Exit a Market
• Socially Efficient and Inefficient Market Outcomes

AP Macroeconomics – 6 Units with a total of 41 lessons
Three brand new lessons:
• Financial Assets
• Nominal vs. Real Interest Rates
• Monetary Policy – Ample Reserves vs. Limited Reserves

CEE encourages teachers to order the newest editions now to take advantage of the discount and receive them as the school year gets underway.

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post New AP Economics Teacher Guides & Student Workbooks appeared first on Council for Economic Education.

Here’s what the next generation should know:

Earning Income 

How people earn income:

Most people earn wage and salary income in return for working, and they can also earn income from interest, dividends, rents, entrepreneurship, business profits, or investments. Employee compensation may also include access to employee benefits such as retirement plans and health insurance. 

What types of work and workers make more money?

Employers generally pay higher wages and salaries to more educated, skilled, and productive workers. The decision to invest in additional education or training can be made by weighing the benefit of increased income-earning and career potential against the opportunity costs in the form of time, effort, and money. 

Impact of Taxes on Earnings

Spendable income is lower than gross income due to taxes assessed on income by federal, state, and local governments. 

Spending 

What is a budget?

A budget is a plan for allocating a person’s spendable income to necessary and desired goods and services. When there is sufficient money in their budget, people may decide to give money to others, save, or invest to achieve future goals. 

How do I make good spending decisions?

People can often improve their financial wellbeing by making well-informed spending decisions, which includes critical evaluation of price, quality, product information, and method of payment. Individual spending decisions may be influenced by financial constraints, personal preferences, unique needs, peers, and advertising. 

Saving 

How do I decide how much I should save?

People who have sufficient income can choose to save some of it for future uses such as emergencies or later purchases. Savings decisions depend on individual preferences and circumstances. 

How do I decide where I should put my savings?

Funds needed for transactions, bill-paying, or purchases, are commonly held in federally insured checking or savings accounts at financial institutions because these accounts offer easy access to their money and low risk. Interest rates, fees, and other account features vary by type of account and among financial institutions, with higher rates resulting in greater compound interest earned by savers. 

Investing 

Why invest?

Kids can choose to invest some of their money in financial assets to achieve long-term financial goals, such as buying a house, funding future education, or securing retirement income. Investors receive a return on their investment in the form of income and/or growth in value of their investment over time. People can more easily achieve their financial goals by investing steadily over many years, reinvesting dividends, and capital gains to compound their returns. 

How do I decide where I should invest?

Investors have many choices of investments that differ in expected rates of return and risk. Riskier investments tend to earn higher long-run rates of return than lower-risk investments. Investors select investments that are consistent with their risk tolerance, and they diversify across a number of different investment choices to reduce investment risk.

Managing Credit 

What is credit?

Credit allows people to purchase and enjoy goods and services today, while agreeing to pay for them in the future, usually with interest. There are many choices for borrowing money, and lenders charge higher interest and fees for riskier loans or riskier borrowers. Lenders evaluate creditworthiness of a borrower based on the type of credit, past credit history, and expected ability to repay the loan in the future. 

What is a credit score and why does it matter? 

Credit reports compile information on a person’s credit history, and lenders use credit scores to assess a potential borrower’s creditworthiness. A low credit score can result in a lender denying credit to someone they perceive as having a low level of creditworthiness. 

How do I build credit /my creditworthiness?

Common types of credit include credit cards, auto loans, home mortgage loans, and student loans. The cost of post-secondary education can be financed through a combination of grants, scholarships, work-study, savings, and federal or private student loans. 

Managing Risk 

What does it mean to manage risk?

People are exposed to personal risks that can result in lost income, assets, health, life, or identity. They can choose to manage those risks by accepting, reducing, or transferring them to others. 

What is insurance and when do I need it?

When people transfer risk by buying insurance, they pay money now in return for the insurer covering some or all financial losses that may occur in the future. Common types of insurance include health insurance, life insurance, and homeowner’s or renter’s insurance. The cost of insurance is related to the size of the potential loss, the likelihood that the loss event will happen, and the risk characteristics of the asset or person being insured. Identity theft is a growing concern for consumers and businesses. Stolen personal information can result in financial losses and fraudulent credit charges. The risk of identity theft can be minimized by carefully guarding personal financial information.

How Do I Get Started?

First, see how you score on our personal finance quiz. Then, check out these resources for teachers, for students, and for families. 

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post 6 Core Areas of Personal Finance appeared first on Council for Economic Education.

The American Fair Credit Council (AFCC) is the national association of professional debt resolution companies. The AFCC and its member companies work on behalf of consumers struggling with the overwhelming burdens of unsecured debt to resolve those debts for less than their full balance. 

Consumers without the benefit of some financial education are often left vulnerable and are likely to fall into debt. As illustrated by research on financial literacy programs, individuals who receive financial education are shown to have better credit scores and less outstanding debt. Unfortunately, as outlined in CEE’s most recent Survey of the States, only 27 states have a personal finance requirement for high school graduation. 

“Today’s youth are tomorrow’s leaders & consumers, and we want to do our part to ensure they have the skills needed to make educated financial decisions,” said AFCC Chairman of the Board, Dan Frazer. “The AFCC is proud to partner with CEE to expand this vital work to more locations across the country to benefit countless consumers and families.”

“The AFCC’s commitment to helping us educate the next generation of financially literate young people will ensure financial stability and economic mobility for them, their families, and their communities,” said Nan Morrison, CEE’s President and CEO. 

AFCC’s generous contribution to CEE will help ensure more Americans have the advantage of financial knowledge to help them sidestep debt later in life and live financially stable lives.

About the American Fair Credit Council

The American Fair Credit Council (AFCC) is the national association of professional debt resolution companies. The AFCC and its member companies work on behalf of consumers struggling with the overwhelming burdens of unsecured debt to resolve those debts for less than their full balance. The AFCC has developed a strict Code of Conduct centered on “best practices” designed to protect the rights of consumers and requires member companies to follow stringent regulatory guidelines for operation. All AFCC members operate on a “No Advance Fee Model” and never charge a fee for services until a consumer’s debt has been successfully negotiated.

About the Council on Economic Education

The Council for Economic Education’s (CEE’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. We work to ensure financial and economic education is required for K-12 students throughout the U.S., connecting them to and ultimately strengthening the broader economy. Through CEE’s array of programs, resources, and trained educators, we bring this vital knowledge to over 4,000,000 K-12 students each year. In partnership with our 200 affiliates nationwide, we provide training and tools to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to students. Additionally, we deeply engage students through our competitions and career programs helping them build critical career capabilities – communication, collaboration, presentation and critical thinking skills.

The post AFCC Donation to Support Financial Education appeared first on Council for Economic Education.

An overview of economic education in the US

CEE releases a biennial report, Survey of the States, on the status of economic and personal finance education in K-12 schools in the United States. 2022’s report revealed only 25 states require students to take a course in economics to graduate. This is notable progress since the report was first published in 1998, but we are troubled by the recent stagnation in economic requirements. Economics plays a critical role in creating informed citizens, and the lack of progress in ensuring our young people have the opportunity to study economics puts the students and our nation at a disadvantage for years to come.

How economics affects our lives

Economics affects all of our lives. It teaches us to think logically, use data smartly, and develop strong analytical and problem-solving skills. It helps explain choices as small as your personal day-to-day decisions and as large as foreign policy decisions. Some examples include: 

Personal choices

• Should I make or buy lunch today? 
• Do I want more vacation time or a higher salary? 

Business choices 

• Should I manufacture or import parts for the toys I’m selling?
• Should I rent a retail space for my store or buy a building for my store?

Government choices

• Should we offer financial incentives for moviemakers to film in my city?
• Should we use tax dollars to extend unemployment benefits? 

Foreign policy choices

• What will I trade to make sure I have access to oil?
• Should I sell or give away COVID vaccines to other nations? Which nations?

These questions cover both micro and macroeconomic issues. Microeconomics is concerned with small scale systems like individuals and businesses while macroeconomics is concerned with decisions on a larger scale. 

Economics can help us make hard choices

The field of economics examines the ways in which these kinds of choices are made and shows us that incentives and trade-offs drive choice in rational and predictable ways.

If you know basic economics, you can consider opportunity costs when making decisions. If you know advanced economics, you can model how policy choices will impact millions of citizens and design incentives to create greater wealth and security for whole nations. 

Whether your passion is protecting the environment, reducing childhood obesity, making college affordable, or managing the federal debt, seeing your problem through an economic lens will help you understand the issue and identify potential solutions.

The magic of economic principles

Here are six useful principles we’ve learned from economists – and one awesome superpower!

People must choose because of scarcity. Most situations involve making choices. People evaluate the costs and benefits of different alternatives and choose the alternative that seems best to them.

People’s choices involve costs. Costs do not necessarily involve money. The most important type of cost is opportunity cost: the next best alternative that people give up when they make a choice.

People respond to incentives in predictable ways. Incentives are actions or rewards that encourage people to act in a certain way.  Incentives can be either positive or negative. When incentives change, people’s behavior changes. 

People create rules that influence individual choices and incentives. How people cooperate is governed by written and unwritten rules.  As rules change, incentives–and consequently people’s behaviors–change.  

People gain when they trade voluntarily. People can produce goods and services at lower opportunity costs when they specialize in what they do best.  Then they can trade what they produce for goods or services that would be more costly for them to produce. In this way, both sides gain. 

People’s choices have consequences that lie in the future. Important costs and benefits in economic decision making are those that will appear in the future. The study of economics stresses the importance of making decisions about the future because we can influence only the future; we cannot influence things that happened in the past. 

The new field of behavioral economics illuminates cognitive biases, such as emotions and beliefs, that affect our economic decision-making and lead us to behave less rationally, but still in predictable ways. The magic of understanding economics is it helps you see the hidden side of everything–seeing the unseen. It’s a superpower!  

Economics teaches life skills

Economics is typically taught only to those who advance to college-level education—and who select economics as a course to be taken. We believe that economic thinking is a core skill—one that’s necessary for understanding the world and making better decisions in it. Students who study economics develop strong analytic and problem-solving skills, along with business acumen needed to succeed in the professional world. We want all students to be exposed to economics throughout their K–12 learning years. 

A teacher’s view 

Simon Jarcho, winner of the 2023 Alfred P. Sloan Foundation Teaching Champion Award, teaches economics, statistics, and math to grades 11-12 at Avenues: The World School in NYC. On the importance of economics, Simon shared, “Economic education and exposure to social sciences, provides students with a toolkit to better understand and engage with the world around them. By imparting upon students an awareness of incentives and how they impact decisions – from ‘big picture’ macroeconomic decisions that drive public policy down to daily choices about how we as individuals allocate our scarce resources – I believe that we empower young adults to be more civically engaged and better equipped to participate in productive discourse.” 

Wondering how economically literate you are? Take our economics quiz to see how you test against others across the nation.

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post Why is Economic Education Important? appeared first on Council for Economic Education.

Top scorers from each state are invited to compete for the national title at finals. The competition runs in two divisions: 

• Adam Smith Division – for AP, international baccalaureate, and honors economics students 
• David Ricardo Division – for first-time competitors who have taken no more than one economics course  

We’re excited that CNBC will once again live stream CEE’s NEC Quiz Bowl competition—hosted by CNBC’s senior economics reporter Steve Liesman–live on CNBC.com starting at around 1pm on Monday, May 22nd. Tune in here. 

This year’s NEC is generously sponsored by Wells Fargo. We are deeply grateful for their support of young economics enthusiasts today, so they’re well-positioned to shape the very best tomorrow. 

Once again, congratulations to the winners. We can’t wait to see you at finals! 

2023 National Economics Challenge Finalists:

Alabama 

Adam Smith: Vestavia Hills High School 

Arizona 

Adam Smith: BASIS Mesa 

David Ricardo: Hamilton High School 

Arkansas 

Adam Smith: Haas Hall Academy 

David Ricardo: Arkansas School for Math, Science, and the Arts 

California 

Adam Smith: The Harker School 

David Ricardo: Vista Del Lago High School 

Connecticut 

Adam Smith: Farmington High School 

David Ricardo: The Taft School 

Florida 

Adam Smith: Bolles School 

Georgia 

Adam Smith: The Gwinnett School of Mathematics, Science, and Technology 

David Ricardo: The Walker School 

Hawaii 

Adam Smith: ʻIolani School 

David Ricardo: ʻIolani School 

Indiana 

Adam Smith: Carmel High School 

David Ricardo: Penn High School 

Iowa 

Adam Smith: West High School 

David Ricardo: Clarinda High School 

Kansas 

Adam Smith: De Soto High School 

David Ricardo: De Soto High School 

Kentucky 

Adam Smith: Campbell County 

David Ricardo: Campbell County High School 

Maryland 

Adam Smith: Marriotts Ridge High 

David Ricardo: Mt Hebron High 

Massachusetts 

Adam Smith: Lexington High School 

David Ricardo: Hopkinton High School 

Adam Smith: Detroit Country Day School 

Michigan 

David Ricardo: Troy High School 

Minnesota 

Adam Smith: Mounds View High School 

David Ricardo: DeLaSalle High School 

Mississippi 

Adam Smith: Germantown High School 

David Ricardo: Discovery Christian School 

Missouri 

Adam Smith: Marquette High School 

David Ricardo: Hannibal Career and Technical Center 

Montana 

Adam Smith: Hellgate High School 

David Ricardo: Park County High School 

Nebraska 

Adam Smith: Skutt Catholic High School 

David Ricardo: Creighton Preparatory School 

New Hampshire 

Adam Smith: Phillips Exeter Academy 

David Ricardo: Phillips Exeter Academy 

New Jersey 

Adam Smith: Middlesex County Academy for Science, Mathematics and Engineering Technologies 

David Ricardo: Northern Valley Regional High School at Old Tappan 

New York 

Adam Smith: Hunter College High School 

David Ricardo: Hunter College High School 

North Carolina 

Adam Smith: Butler Highs School 

David Ricardo: Raleigh Charter High School Club 

Ohio 

Adam Smith: Mason High School 

David Ricardo: Liberty High School 

Oklahoma 

Adam Smith: Casady School 

Oregon 

Adam Smith: Lake Oswego High School 

Pennsylvania 

Adam Smith: Nazareth Area High School 

David Ricardo: Conestoga High School 

Rhode Island 

Adam Smith: East Greenwich High School 

David Ricardo: Wheeler School 

South Carolina 

Adam Smith: Lexington High School 

Texas 

Adam Smith: St. John’s School 

David Ricardo: St. John’s School 

Virginia 

Adam Smith: Thomas Jefferson High School for Science & Technology 

David Ricardo: Populus Academy 

Washington 

Adam Smith: Olympia High School 

David Ricardo: Blaine High School 

Wisconsin 

Adam Smith: De Pere High School 

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post 2023 National Economics Challenge Finalists appeared first on Council for Economic Education.

Ray, Investor and founder of Bridgewater Associates, the world’s largest hedge fund, is hosting an exclusive ‘Lunch with Ray’ auction to raise funds to benefit CEE and bring attention to the importance of financial literacy for the next generation.  

“The Council for Economic Education and I share the goal of helping people understand how money and economics work. I believe these skills are fundamental to people’s well-being and are often neglected,” said Dalio. 

Dalio founded Bridgewater Associates out of his two-bedroom apartment in NYC and ran it for most of its 47 years, building it into the largest hedge fund in the world.  His investment innovations (e.g., risk parity, alpha overlay, and All Weather) changed the way global institutions approach investing. Over the decades he has been a valued macroeconomic advisor to many policymakers around the world. 

What you’ll win  

The winning bidder and up to two guests will join Ray Dalio for a private lunch on a date to be mutually agreed upon in New York City. Bidding closes on April 28th, 5pm ET. The winning donation is tax-deductible to the fullest extent allowed by law. 

Bid on lunch with Ray here: http://tinyurl.com/PrivateLunchWithRayDalio

In addition to holding the auction, the Council for Economic Education is celebrating Financial Literacy Month with free classroom resources and professional development for teachers on the six core knowledge areas of personal finance. 

About the Council for Economic Education

The Council for Economic Education’s (CEE’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 which connects to and strengthens our broader economy. We carry out our mission primarily by providing resources and training to K-12 educators and have done so for nearly 75 years. EconEdLink, our free online educator gateway for economic and personal finance lessons, attracts approximately 450,000 users annually and nearly two-thirds of the tens of thousands of teachers we train are in low- to moderate-income schools. CEE also provides young people with programs to prepare them for their financial futures and help them understand the economic impact of real-world events. Invest in Girls, our program for high school girls, and our National Economics and Personal Finance Challenges together inspire and motivate over 30,000 high school students annually. All resources and programs are educator developed and delivered by our nearly 200 affiliates nationally. We also advocate for more and better education in personal finance and economics, leveraging our biennial Survey of the States.    

Media contacts: 

CEE: press@councilforeconed.org 

Ray Dalio: pro-principles@prosek.com 

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post Bid on a Private Lunch with Ray Dalio appeared first on Council for Economic Education.

Why Should We Celebrate Financial Literacy Month? 

In America we spend billions of dollars helping our children master reading, writing and arithmetic, but we send our kids out into the world lacking the most basic skills to prosper in life: understanding personal finance and how to manage their money and build their financial future. 

Every two years, CEE conducts a comprehensive look into the state of K–12 financial and economic education in the United States, collecting data from all 50 states and the District of Columbia. The biennial Survey of the States serves as an important benchmark for progress in K–12 financial education, revealing both how far we’ve come as a country—and how far we still have to go. 

The most recent Survey of the States shows K-12 personal finance education is still not required in over half of the States! But we are making progress – two additional states, Nebraska and Ohio, have increased their personal finance standards, instituting a requirement for students to take a course on personal finance. And here’s why it matters! 

• Florida’s brand-new requirement that all high school students take a stand-alone personal finance course before graduation translates to  ~220,000 kids getting more financially capable each year. 
• Michigan’s brand-new stand-alone personal finance course requirement for high school graduation impacts ~115,000 kids each year. 

CEE is here to help the teachers in these states, and all states, become capable and confident teachers of personal finance and economics. So this April – celebrate and learn with us! 

How to Celebrate and Learn this Financial Literacy Month 

We have special plans for teachers, students, for families, and anyone else who is a fan of financial literacy. See what he have planned here. 

About the Council for Economic Education

The Council for Economic Education’s (CEE’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, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways.  We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact: 

CEE: press@councilforeconed.org 

The post April is Financial Literacy Month!  appeared first on Council for Economic Education.