NCCEE has announced that students in Mary Richards’ class at Erwin High School achieved not only first, second, and third place in the Western Region, but also third place in the Fall 2010 Statewide Stock Market Game™ (SMG) Competition sponsored by NCCEE. Ms. Richards’ students competed with nearly 1000 other teams across North Carolina to win this honor.
The SMG is a statewide, interactive, online stock market simulation that teaches students in grades four through 12 about the financial markets and investing while reinforcing concepts taught in economics, math, technology, social studies, business and language arts classes. Additionally, the program fosters the 21st Century skills of integrating technology, research, teamwork, negotiating, communication, cooperation, and financial literacy. Students also learn the importance of saving and investing at an early age. Students participating invest a hypothetical $100,000 in stocks that they research, select and track while working in teams that are made up of three to five students. Students compete for awards regionally and statewide.
The team of Erwin students who took home the statewide third place and 1st place western regional honors was comprised of Matt Kocot, Sawyer McLamb, Gabe McClanahan, Halley Rollins, and Jessica Seager. Gabe McClanahan exclaimed, “The Stock Market Game is a fun experience for everyone.”
The western region 2nd place team was comprised of Tyler Clements, Miranda Holcombe, Griffin Riffe, and Kristen Revis. The western region 3rd place team was comprised of Adyson Banks, Brittany Jackson, Holly Jones, DaNeisha Porter, and Shy Underwood. Teacher Mary Richards noted that her students have been playing a stock market game since 1999. “I have had many students work with their parents on the family portfolio, or even inform their parents on how the market works. The Game is fun and a valuable lesson for life. I encourage all teachers to use this as a learning tool.”
Sandy Wheat of NCCEE explained, “We sponsor the Stock Market Game in North Carolina because research has proven it to be a challenging, motivating, and extremely educational program that instills understanding of economic and financial concepts while improving critical thinking skills and math test scores for students.”
About the North Carolina Council on Economic Education (NCCEE):
The North Carolina Council on Economic Education was founded in 1970. NCCEE is a 501 (c) (3) non-profit organization working with K-12 teachers statewide to give our students a better understanding of economics and to prepare them for personal financial decision-making. With support from private businesses and foundations, the Department of Public Instruction, and the University of North Carolina system, NCCEE has been a tremendous example of an effective public-private partnership. More information on the NCCEE is available at www.nccee.org.Read the full article