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National Personal Finance Challenge: Students from the Application and Research Laboratory school in Ellicott City were first runner-up in the competition that showcased their knowledge of money management, including expertise in earning income, buying goods and services, saving, using credit, investing, as well as protecting and insuring.
In the competition hosted by the Maryland Council on Economic Education, the team beat out nearly 100 other teams to be statewide champions - a significant increase in statewide participation from just 22 teams last year. The team went on to compete with winning teams from 4 other states in New York.
The students on the winning team were Nathaniel Sager, Noah Hoffman, Juniors: Anuj Alamasety and David Liu. Their advisor and coach was Dr. Maddie Halbach.
M&T Bank is the lead sponsor of the Maryland Personal Finance Challenge. Said Sherrice Davis:
VP and Community Reinvestment Officer for Baltimore, M&T Bank and a Board Member, Maryland Council on Economic Education, "At M&T Bank, we are committed to providing tools and through financial education, empowering our communities with knowledge to make forward-thinking choices in their daily lives. It’s our hope that every young person participating in the Personal Finance Challenge will better understand that achieving financial wellness is the foundation of a successful and stable future."
National Economics Challenge: Teams from Mt. Hebron High School in Ellicott City competed in the national finals in each of the two divisions after winning statewide competitions coordinated by the Maryland Council on Economic Education.
The team of Samuel Lieman, Saniya Mahate, John Michaels and Summit Sarkar placed second in the Adam Smith Division for advanced and returning competitors.
The team of Samidha Nageshwar, Hannah Seok, Yu Shin and Nandhu Manoj Pillai placed third in the David Ricardo Division for first-time Challenge competitors who have taken no more than one economics course.
The National Economics Challenge is the country’s only economics competition of its kind for high school students. It tests micro and macroeconomic principles as well as knowledge of the world economy.
All teams participating in the finals received an all-expense paid trip to New York for the competition, a trophy, banner, and a cash prize.
The Enquirer Gazette -- One team of Prince George’s County high school students was recently named winners of the Stock Market Game,a financial literacy competition and simulation organized by the Maryland Council on Economic Education. The winners were announced at an awards ceremony in May. The Stock Market Game is an educational simulation that teaches about the world of investing, the American economic system and the global economy. Students work in teams to invest and manage an imaginary $100,000portfolio while developing skills in math, teamwork, research and critical thinking. The winning students from Prince George’s County are Zaniyah Brockington, Antonio Charles, and Kamyra Jennings from Crossland High School in Camp Springs. The team, sponsored by the Financial Industry Regulatory Authority (FINRA), were named southern region winners of the spring Stock Market Game™ (SMG). They grew their portfolio from $100,000 to $129,217. See full article here
PRINCE FREDERICK, Md. – One Calvert County team of middle school students and one individual middle school student have been named winners in regional and statewide competitions organized by the Maryland Council on Economic Education. The winners of the economics and financial literacy challenges were announced at an awards ceremony on Wednesday, May 18, 2022. Click here for complete article
AWARDS EVENT PRESS RELEASE
STUDENTS FROM ACROSS MARYLAND WIN STATEWIDE FINANCIAL LITERACY AND ECONOMICS COMPETITIONS
More than 100 elementary, middle and high school students from 13 Maryland counties were honored on Wednesday, May 18 2022, by the Maryland Council on Economic Education (MCEE) as winners of its statewide financial literacy and economics competitions. The students were celebrated at an annual luncheon and awards ceremony - MCEE’s first in-person awards ceremony in three years - attended by more than 200 guests at Towson University.
Nearly 20,000 students from 20 Maryland counties and Baltimore City participated in the MCEE-organized competitions this school year - the most students ever participating in MCEE programs.
Awards were presented to winning students in these competitions:
The winning students, listed by county, are:
Anne Arundel County:
Baltimore County:
Calvert County:
Carroll County:
Dorchester County:
Frederick County:
Harford County:
Howard County:
Montgomery County:
Prince George’s County:
Queen Anne’s County:
Wicomico County:
Worcester County:
Said Julie Weaver, MCEE Executive Director, “The winning students should be proud of this statewide honor. They have demonstrated their understanding of financial and economic concepts, as well as the importance for all students to learn about finances and how our economy works.”
The competitions are coordinated by the Maryland Council on Economic Education, the nearly 70 year-old nonprofit that assures that Maryland's school children leave high school equipped with the economic and financial literacy knowledge and decision-making skills they will need to make informed decisions as consumers, workers, citizens, savers, investors and participants in the global economy. In addition to student programs, MCEE offers free professional development and financial literacy education training and lesson plans for educators. Based on the campus of Towson University, MCEE supports more than 2,000 teachers each year who reach over 126,000 Maryland students.
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Ramon Looby is president and chief executive of the Maryland Bankers Association. Julie Weaver is executive director of the Maryland Council on Economic Education.
To improve financial resiliency and build a brighter and more prosperous future for our children, the time is now to support expanded access to financial education for all students in Maryland.
In its latest state-by-state survey, the American Public Education Foundation gave Maryland a C grade for its stagnant implementation of financial literacy standards in schools. Unfortunately, this mediocre evaluation did not come as a surprise for many Maryland parents with school-age children. Despite being widely supported by parents and students, only eight of Maryland’s 24 public school systems have financial literacy graduation requirements mandating that students complete a financial literacy course before graduating from high school.
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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.
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:
State Championships:
Elementary School Champions: Ring Factory Elementary School, Harford County
Middle School Champions: Calverton School, Calvert County
High School Champions: Clarksburg High School, Montgomery County
Regional Championships:
Northern Region:
Elementary School Champions: Joppatowne Elementary School, Harford County
Middle School Champions: Brunswick Middle School, Frederick County
High School Champions: Brunswick High School, Frederick County
Central Region:
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
Southern Region:
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.
Read complete article here
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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