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WELCOME!
Welcome to the inaugural issue of the Center for Economic Education and Entrepreneurship's newsletter. The newsletter is designed to keep you abreast of the range of activities and programs offered by the CEEE in Delaware. Each issue will highlight quarterly news events, CEEE staff, sponsored programs and special events. We hope that you'll find it a useful resource in promoting what we expect to be our common goal: furthering economics, personal finance and entrepreneurship education. |
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Money Rules Summit
On December 1, 2011, the Delaware Financial Literacy Institute teamed with the Center for Economic Education and Entrepreneurship to present the one-day Money Rules Summit at  Delaware State University for 190 juniors and seniors from 28 high schools across the state. Volunteers from Bank of America, Citizens Bank, Discover Bank, the State Treasurer's Office and the larger community interacted with students in skits and lessons on goal-setting, budgeting, saving and investing, credit, identity theft and home ownership. While students were participating in the Summit, their teachers attended a concurrent program on college funding lead by a speaker from Making it Count, a national organization that delivers free educational presentations on how to plan for and manage college costs. At the conclusion of the programs both students and teachers received financial materials to assist in making astute money management decisions. |
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Ask the Experts Seminars
A grant from the Financial Literacy Education Fund of Delaware supports Keys to Financial Success, a financial literacy curriculum currently taught in 28 Delaware high schools under the auspices of the Center for Economic Education and Entrepreneurship. The grant also supports training for the Keys teachers, including six seminars on personal finance topics. Along with dinner, the seminars were held in the fall at Clayton Hall on UD's Newark campus and at the Georgia House in Milford. They provided teachers with current information for their students in a world of constantly evolving financial products and services. The seminar topics and speakers were:
Savings and Investing in Uncertain Times - Kevin Worsh, Sales Director for BNY Mellon Wealth Management and Burt Hutchinson, CPA and CFP, Fischer Hutchinson Wealth Advisors
Reality or Urban Myth: Bankruptcy: An East Way Out - Brendan L. Shannon, Federal Bankruptcy Court of Delaware
Dangers in the Credit Maze - Robert Glen, Delaware State Bank Commissioner
Identity Theft and Other Frauds and Scams - Craig Weldon, Special Investigator, Delaware Department of Justice
The 22 teachers who participated in the financial seminars received related curriculum materials to use in their classrooms and also earned professional development credit. |
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First Year Experience
During the Fall 2011 semester, 600 University of Delaware freshmen learned the importance of saving, using credit responsibly, setting goals, and budgeting their financial resources in two 50-minute lessons developed by the Center for Economic Education and Entrepreneurship. The Center trained nine volunteers from Bank of America, led by Randy Kunkle, Sr., Vice-President for Community Development, and Connie Monta na, Vice-President for Social Responsibility, and two graduates of the Center's Master of Arts in Economics and Entrepreneurship for Educators program to teach the classes in personal money management. Student evaluations gave high marks to the money management program, and requested additional information about how to make sound financial decisions. To date, a total of 1,795 University of Delaware undergraduates have participated.
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Virtual Economics
Courtesy of the Council on Economic Education and State Farm Insurance, more than 250 teachers in Delaware have received free copies of Virtual Economics, a CD ROM
containing 1,280 lessons in economics, personal finance and entrepreneurship for elementary, middle school and high school students. The engaging lessons feature student-centered learning and support the Delaware State Economics Standards taught in grades K-12.
The Center for Economic Education and Entrepreneurship staff members have taught 3-hour workshops to help teachers implement the Virtual Economics lessons in their K-12 classrooms. The teachers who have participated in the workshops hail from 14 school districts in Delaware. Additional workshops are being offered in early 2012. |
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Stock Market Game
On January 24, the Center for Economic Education and Entrepreneurship hosted an awards reception honoring the winners of the fall 2011 Stock Market Game and InvestWrite competition and their teachers. The Center has administered the 10-week national program in Delaware since 1983. More than 1,360 Delaware students on 252 teams purchased and sold stocks online with hypothetical $100,000 cash accounts and calculated how changes in stock prices affected the value of their portfolios. Students also researched and evaluated companies and learned how current events often shape the economy and impact a company's stock.
Congratulations to the following first-place teams in the fall 2011 Stock Market Game:
Boys and Girls Club Elementary Division: Gary Glocker, Taylor Jones and Alissa Mercie from Western Sussex Boys and Girls Club with $122,963; coach - Rhonda Mercie
Elementary Division: Victoria Galvin, Zoe Hall, Sophia Magagnotti, Nicole Rainford and Kendra Starkey from South Dover Elementary School with $121,863; teacher - Julie Ra
Middle School Division: Claire Conlin, Chloe Rogel deOliveira and Elizabeth O'Brien from Pilot School with $134,790; teacher - Lynn Sharkey
High School Division: Jennifer Johnson, Kyle Lavender and Michael Deputy from Polytech High School with $119,384; teacher - Patricia Collins
Congratulations to the winner of InvestWrite, a national writing competition that evaluates students' overall understanding of stock markets and ability to write critically on investment strategies: Shirin Faqiri from Leasure Elementary School; teacher - Timothy Werbrich
The spring 2012 Stock Market Game runs from March 5 through May 11. For more information, please e-mail jacobsm@udel.edu or visit http://smgww.org. |
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Stock Market Game Reception
January 24, 2012
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Bank at School
The Bank at School program was established in 1992 by the Center for Economic Education and Entrepreneurship and teacher, Ronni Cohen, now the Executive Director of the Delaware Financial Literacy Institute. The objective is to teach students about financial management and to nurture the ethic of saving from a young age. Over the past 20 years, Bank at School has become a thriving partnership, working with local banks and Delaware schools. Bankers visit schools to open no-fee, non-custodial savings accounts for students and then return weekly throughout the school year to accept deposits. Teachers receive lessons on topics such as saving and spending, goal-setting, compounding interest and understanding the role of banks in the community.
Under the direction of a part-time liaison funded by United Way of Delaware, the Bank at School program has grown to include eight Delaware banks serving over 3,000 student depositors at 57 school "branches."
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Students in grades 3 to 5 at W. Reily Brown learn about the value of saving. They can now put the lesson into practice by opening savings accounts and making deposits into their accounts every Thursday morning with the help of a TD Bank representative.
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