Economics Wisconsin

 

 

 

 

Econ Update,
Spring 2000

 

A Publication of the Wisconsin Council on Economic Education, for Educators, Contributors, & Friends of  Economic Education

Table of Contents

 

EconomicsWisconsin
Wisconsin Council on Economic Education
7635 Bluemound Road, Suite 106
Milwaukee, WI 53203
(414) 221-9400
Fax (414) 221-9790
wicnclee@ameritech.net

 

 

 

 

 

The Wisconsin Economics Competition    Back

Bigger and Better Than Ever!

The Wisconsin Economics Competition is a statewide competition designed for high school juniors and seniors.  The competition is conducted in two divisions.  The “Advanced” division is for students who are taking Honors or an A/P economics course.  The “General” division is for any student who is interested in economics.

This year we will have three regional competitions.  They will be held in Oshkosh on April 28th, Madison on May 2nd and Milwaukee on May 5th.  The Competition will run from 9:30 a.m. to 2:30 p.m.  Sites for the competitions will be announced at a later date.

A minimum of sixteen (16) teams needs to be entered to have a regional competition.  One school may enter up to two teams.  Preferably there will be eight teams in each division.  The team with the top score of all regional scores for each division will represent Wisconsin in the 7th District Federal Reserve Bank’s Econ Challenge in Chicago, Illinois.

There is no cost to enter.  University economists, volunteer business leaders and friends of economic education will help conduct the regional competitions. All participants will receive a commemorative gift and a free lunch.  The top team from each division of each region will receive a permanent trophy for the school, individual medals for the students, $25 cash for each student and certificates of accomplishment for winning their regional competition. 

All teams will be involved all day.

The day of competition consists of a morning session and an afternoon session.  Each session will have two activities going on at the same time.  One activity will have eight teams taking written tests.  The other activity will involve eight teams in a face-to-face oral question and answer test.

After the morning session, the students will get together for an “open seating” lunch to share some fellowship and talk about local, state and international economic issues.

In the afternoon session, the sixteen teams will switch activities.

At the end of the afternoon session, each student’s tests will be scored and the winning teams will be announced.

The written test activity will consist of five tests of approximately twenty (20) questions each.  The test topics are the following:

    Potpourri - 30 minutes - teams

    Micro economics - 20 minutes - individual

    Macro economics - 20 minutes – individual

    International trade - 20 minutes - individual   

    Current events - 30 minutes – team

The first team test will involve four students each from different schools.  They may discuss the question, and each team member can record their own independent answer.  The second team test will involve the four team members from the same school.  They can discuss the questions and only one answer is recorded as the team’s answer.

The oral test will be a face-to-face competition.  A team’s opponent will be determined by the luck of the draw.  Each team, on an alternating basis, will be asked fifteen questions.  There will also be ten “toss-up” questions.  The team that first “buzzes in”  after the question has been asked will have the first chance to answer the question.  Only on the “toss-up” questions, if the first answer is wrong, does the other team have a chance to answer the same question.

This event was developed to bring students from around the state together to enjoy a day of fellowship and analyze current economic issues using a reasoned approach.  Try it! We think the students will like it.  

 

EQ and You          Back
Between February 15th and March 15th you will have a chance to measure a portion of your Economics Quotient.  At our website, WisEcon.org, you will find an exercise that is designed to familiarize you with the site.  If you successfully complete the exercise, you can register for a reward.  INCENTIVES WORK!

 

 

Governor Receives Award          Back
Governor Tommy Thompson received the UW-Milwaukee Center for Economic Education’s first Adam Smith Award for his ongoing efforts to provide economic education opportunities for the students of Milwaukee Public Schools.  The award was presented at a ribbon cutting ceremony for the Center’s new location in Enderis Hall on the University Campus.  Presenting the award were two students currently participating in the Milwaukee Youth Enterprise Academy sponsored by the Helen Bader Foundation, the Wisconsin Council on Economic Education and the UW-Milwaukee Center for Economic Education.

 

 

2000 ASET Meeting      Back
Mark your calendars early.  This year’s meeting will be held at DISCOVERY WORLD, The James Lovell Museum of Science, Economics and Technology located in Milwaukee.  The date is Friday, December 1st.  In addition to the normal outstanding program put on by the Centers for Economic Education, you will be introduced to the exciting options that are available from the Museum.

We think that this may be the best session yet. Talk it up with your colleagues.  We would like to double the attendance from last year.   

 

2000 Excellence In Teaching Economics Awards    Back
A great New Year’s resolution is to commit yourself to entering the Council’s teachers awards program that recognizes innovative teaching practices of Wisconsin’s elementary and secondary teachers who make economics a vital part of their school curriculum.

Award winning teachers will receive a commemorative award and the following cash awards:

First Place:              $  2,000
Second Place:          $  1,000
Third Place:             $     500

Successful programs have encouraged students to use economic reasoning to understand how our economy works, are innovative and exciting in approach, fit the context of the school curriculum, and are completely described.

Teachers across the state benefit from this program by being able to replicate this new and innovative work in their classrooms.

The Elementary Teachers Awards Program is sponsored by the Menasha Corporation and the Secondary Teachers Awards Program is sponsored by Robert W. Baird & Co.  Both of our sponsors have been leading supporters of economic education in Wisconsin for over 25 years. 

A way for you to say thank you for their support is to enter the competition.  

 

Economics Poster Contest Under Way     Back
The first annual grade school poster contest for economics is under way.  Students must illustrate one of six concepts.  Those concepts are: (1) Scarcity, (2) Productive Resources, (3) Opportunity Costs, (4) Specialization, (5) Producers and Consumers and (6) Goods and Services.

If you need lesson plans to demonstrate the concepts, call the Wisconsin Council on Economic Education and ask for the “Economics for Kids” lesson plans.

Twelve winners will each receive a $50.00 U.S. Savings Bond.  The state winners will be entered in the 7th District Federal Reserve Bank’s Calendar competition.

This is a great way to prepare your students for the 4th and 8th grade assessments on the economics standards.  Details for entering are on our website, WisEcon.org, or by contacting the Council office or your nearest Center for Economic Education.    

 

Applications for NASDAQ 2000 Teaching Awards Now Available     Back
The NASDAQ/National Council on Economic Education’s 9th-12th grade High School Teaching Awards application is available from the Council office.  The program recognizes projects that are helping students make sound, informed decisions, and help them to function well in the economy.   Original, creative and effectual efforts to apply economic content and reasoning skills will be considered.  Twenty Regional Semi-Finalists will receive $1,000.  Five Regional Finalists will win $10,000, and the National Award Winner will receive $25,000. A sample entry is available at www.nationalcouncil.org.  The deadline for entries is July 31, 2000.  CONTACT OUR OFFICE TODAY!

 

EconomicsWisconsin
Wisconsin Council on Economic Education
7635 Bluemound Road, Suite 106
Milwaukee, WI 53203
(414) 221-9400
Fax (414) 221-9790
econed@economicswisconsin.org