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Update
Spring 2003
ANOTHER SUCCESSFUL SMS
PROGRAM COMES TO AN END Our statewide winner for Spring 2003 is Appleton North High School. Four high school freshman, Lukas Bane, Chris Bingham, Laura Melcher, and Aaron Nicholais, participated in the SMS through their Civics Class. Their teacher, Curt Salm, has participated for many years with many students going through our program. They will enjoy a trip to New York City to visit the New York Stock Exchange on May 8-9, 2003, and will have breakfast in the members’ dining room and go on the floor of the NYSE with one of Robert W. Baird’s floor traders. Other destinations include the Statue of Liberty, Ellis Island, and a Broadway show. We are deeply grateful to Midwest Airlines and Robert W. Baird & Co. for underwriting this trip.
$1,000,000 CHALLENGE PROGRAM
MEETS EXPECTATIONS This is a similar program that has different rules and a different thrust. The program runs approximately seven months, from October through April. The students have one million dollars to invest and can only make 25 trades during that time. Through conversation with teachers, our goals and expectations are being met through this program. A great deal of research and thought are going into the investment decisions because of the limited number of available trades, and a much longer view is being taken when making those decisions. We had 214 teams this past year. It is being offered again next Fall, in addition to our regular program.
High School Teams Compete in State Economics Challenge Two teams of high school students, one from Brookfield Academy and one from Sun Prairie High School, won the fifth annual Wisconsin Economics Challenge in April. Contest sites were Milwaukee, Eau Claire, and Oshkosh. EconomicsWisconsin organized this event, which was sponsored by A.O. Smith Corporation, RBC Dain Rauscher, Strong Financial Corporation, The Goldman Sachs Foundation, and the National Council on Economic Education. The winning teams in each division earned the right to compete at the regional level of the Economics Challenge in Chicago on April 28. Members of the Honors Division 1st place team were Brookfield Academy students Kyle Peter, Emily Hinkens, Meg Van Nostrand and Jacob Thurner, coached by their economics teacher Bruce Rottman. Members of the General Division 1st place team were Sun Prairie High School students Kevin Page, Ann Lewandoski, Justin Mosso and Jeremy Lange, coached by their economics teacher George Conom. Economics Challenge 2003 gave Wisconsin high school students the opportunity to compete directly in answering questions on micro, macro, and international economics, as well as on current events and economic policy. In addition to answering written questions individually and in groups, all teams participated in a face-to-face oral competition. Thirty-four teams from twenty Wisconsin high schools competed in this program. Winning team members received trophies, medals, and cash awards.
ETHAN ALLEN WINS CORRECTION
DIVISION OF SMS The SMS, which teaches students about the forces at work in our economy, was introduced into the Wisconsin Department of Corrections in the fall of 2002. The reasoning is that most inmates are involved in the Corrections System for economic reasons, therefore, the more inmates know about how our economy works, the better equipped they will be to function within it, upon release.
BRADLEY FOUNDATION GRANT AWARDED The YEA is a financial literacy “boot camp” for low and moderate-income high school age youth. Students learn basic principals of personal finance including saving, investing, credit, and the financial importance of getting a good education. This summer program will be conducted at our UW-Milwaukee Center for Economic Education, under the direction of Dr. Mark Schug.
APRIL PROCLAIMED FINANCIAL LITERACY FOR YOUTH
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