The mission of The Maryland Council on Economic Education is to assure that Maryland’s school children leave high school equipped with the economic knowledge and decision-making skills they will need to make informed, rational decisions as consumers, workers, citizens, savers, investors and participants in the global economy.
Improving Economic and Financial Literacy in Maryland
What we need to know to make sound economic and financial decisions far exceeds the knowledge that most of us have. Economic and financial illiteracy are widespread problems but they are problems that can be solved through education. In Maryland, the Maryland Council on Economic Education and our division the Maryland Coalition for Financial Literacy are spearheading the effort to eradicate both economic and financial illiteracy.
Our primary strategy is to work through the education system to increase the quantity and improve the quality of economic and financial instruction that is provided in Maryland’s schools. To pursue our mission, we collaborate with other groups, such as the Maryland State Department of Education, Maryland’s 24 local school systems, nonpublic schools, the Federal Reserve Bank of Richmond and its Baltimore office, the Maryland Geographic Alliance, the Maryland Council for the Social Studies, Academies of Finance, and the Foundation for Investor Education, as well as various government agencies, corporations and business trade groups.
“The Maryland Council on Economic Education is a dedicated advocate for economic and financial education for Maryland ‘s students. The Council is committed to providing important support for the development of standards-based economics and personal finance curricula, teacher training programs, and lesson plans for teachers to use in their classrooms. For more than half a century, the Council has been a highly dependable and cooperative partner for Maryland schools.”
Dr. Nancy Grasmick
Former State Superintendent of Schools
Presidential Scholar Towson University
“As the Maryland State Treasurer, I understand the vital importance of being a knowledgeable financial consumer in today’s complex economic environment. Too often I see Marylanders struggle with bankruptcy, stifling debt, and the unintended consequences of financial decisions. Managing a household budget, and saving for life goals such as college, a home, a car, a family, or retirement are skills that must be taught and practiced well before adulthood. I applaud the work of the Maryland Council on Economic Education, a nonprofit that trains our teachers to teach financial education to Maryland students. While their work has touched hundreds of thousands of teachers, students, and families statewide with many success stories, together we want to reach every single student so all students have the opportunity to learn the skills to become financially capable adults. These life skills build stronger families and communities across Maryland. Financial education in our classrooms is essential to Maryland’s future workforce and long-term economic competitiveness.”
Nancy K. Kopp, Treasurer of Maryland
What We Offer
- Individualized assistance to develop curriculum that includes economic and financial instruction and to develop assessments to measure learning.
- Free teacher workshops and courses to prepare the teachers to teach the content-since 1983, over 35,000 teachers who have taught more than 2 million children have attended our training programs.
- Excellent lesson plans and other classroom materials–most free–for teachers to use.
- Programs and seminars for adults and community groups.
- The Maryland-DC Stock Market Game™, a poster contest for students in grades 1-8 and the Maryland Economics Challenge competition for high-school students.