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Center for Economic Education Opens the Door to Knowledge
By Kari Johnson
UW-River Falls News Bureau
DEC. 10, 2004--What international agency has responsibility for world
trade regulations including tariffs, quotas and disputes? Who is the secretary
of the treasury? What does the federal reserve chairman do?
Each spring, these questions and others are asked of high school students
at the Wisconsin Economic Challenge Competition held in April.
The competition is one of a number of programs developed by Wisconsin's
eight Centers for Economic Education to make teaching and learning economics
The study of economics is integral to all curricula, says Brian Schultz,
state program director of the CEEs. "The class doesn't need to be
economics or math-related. We have even introduced economics in children's
literature classes," he says.
The purpose of a CEE is to provide K-12 educators with ideas on how to
teach or incorporate economics in their curriculum. It gives students
a working practical knowledge of economics through a variety of subjects,
says Schultz, economics professor and director of the CEE at UW-River
The centers are affiliated with EconomicsWisconsin, a private nonprofit,
nonpartisan organization funded by individual, corporate and foundation
EconomicsWisconsin provides financial and administrative support for programs
offered by the eight centers in the state. EW is affiliated with the National
Council on Economic Education and its nationwide network of councils and
The UW-River Falls CEE was established in 1999 and received re-affiliation
in 2002 through the National Council on Economic Education. It works with
K-12 school districts in CESAs 10-12 in western and northwestern Wisconsin.
The UW-RF center offers a number of services from workshops, in-service
training, and graduate courses, to access to a well-stocked library of
resources. The Resource Library in South Hall gives teachers access to
an assortment of economics teaching materials including lesson plans,
Advanced Placement books, and videos. There are even children's literature
stories that help teach children economics. "The Resource Library
provides teachers an opportunity to look through materials to get ideas
for their lessons," says Schultz.
The UW-RF center offers five one-credit graduate courses offered online.each
semester as well as during the summer. The courses are flexible to meet
the demands of busy schedules, says Schultz, and provide teachers with
opportunities to improve the quality of their courses and make economics
interesting for students.
The UW-RF center also offers training for the "Stock Market Game"
and access to UW-RF economics professors as classroom speakers and information
Other CEES Around the State
UW-RF is one of the eight Centers for Economic Education in Wisconsin.
The other centers are located at Edgewood College, Madison, UW-Milwaukee,
UW-Oshkosh, UW-Parkside, St. Norbert College, UW-Stevens Point, and UW-Whitewater.
Another popular offering is a stock market simulation game named STOCK-TRAK.
Student teams learn about business and the economy while managing hypothetical
$100,000 investment portfolios for three months. This game is available
to all schools in Wisconsin. To use the game, teachers must attend a free
training workshop, where they learn how to play the game, use the curriculum
materials and understand the economics of the securities markets. Advance
registration for the workshops is necessary and the workshop is also offered
online. In addition, the centers also offer a new stock market simulation
game, introduced this year, in which students invest $1 million over a
The centers organize the annual Economics Challenge held the first week
in April. In the competition, students answer questions on micro, macro,
and international trade economics as well as on current events and economic
policy applications. Teachers can register up to two teams per school
with four students per team. There are two divisions teams can be entered
in, general high school economics or the AP/honors division. There is
no registration fee.
For more information about the Centers for Economic Education, contact
Schultz at firstname.lastname@example.org or visit www.economicswisconsin.org.
Tuesday, 22-Jun-2010 16:21:18 Central Daylight Time