Return to: U of M Home |
|
|
myU | One Stop | Directories | Search U of M | |
|
|||
|
|||
|
|
|
Expert Alerts |
|
|
|
U of M's Economics Challenge showcases students' financial literacy
MINNEAPOLIS / ST. PAUL ( 4/15/2008 ) -- High-school students from across the state will display their financial and economic expertise in the "Economics Challenge" 12:45 to 1:30 p.m. Wednesday, April 16 at the North Star Ballroom, St. Paul Student Center, 2017 Buford Ave., St. Paul. Students work individually and in teams of four to answer multiple-choice questions related to micro-, macro- and international economics. A final fast-paced buzzer round pits the two highest-scoring teams against each other for top honors. Wednesday's winning team advances to regional competition, where the winner qualifies for the national event. Minnesota teams have advanced to the national competition in five of the past seven years. Schools participating in the competition are: Moorhead, Eden Prairie, Edina, St. Cloud Technical, St. Paul Central, St. Thomas Academy, Mounds View, Rosemount, Bemidji, Little Falls, Dilworth-Glyndon-Felton, Barnesville, Proctor, Lake Crystal- Wellcome Memorial and Red Lake Falls. Financial literacy, especially among young people, was spotlighted last week in a speech by Federal Reserve Board Chairman Ben Bernanke, who said that understanding a complex financial marketplace and being able to make wise decisions are "critically important" in light of the recent economic downturn. A survey by the Jump$tart Coalition for Personal Financial Literacy released on the same day as Bernanke's remarks found that while Minnesota high school seniors scored higher than the national average, almost half still incorrectly answered questions about personal finance and economics. The Minnesota Council on Economic Education (MCEE), which contributed to the Jump$tart survey, organizes and sponsors the Economics Challenge. Based in the university's College of Food, Agricultural and Natural Resource Sciences' department of applied economics, the MCCE aims to provide Minnesotans with the economic and personal financial understanding they need to function effectively in a complex, global environment. Through a network of university affiliates throughout the state, the council provides economic training and curricula to teachers and organizes student financial literacy events and competitions. ---------- |
|
||||
|
