Contest

EconPosterContest

Econ Poster Contest

Drawings Are Due Friday, October 17, 2014

ECON POSTER CONTEST ENTRY RULES:

  • Open to students in grades K-12.
  • All posters must be original entries drawn horizontally on an 8 1/2″ x 11″ white sheet of paper.
  • Entries must illustrate an economic concept (See list below).
  • “Double” concepts must both be illustrated.
  • Each entry should include a completed Entry Form ( see red link below)
  • Tape the entry form to the back of the student’s poster. (One form per poster.)
  •  The economic concept illustrated must be printed prominently on the drawing, spelled correctly, and written in large lettering.
  • Entries with misspelled words will be disqualified.
  • Entries may not be folded.
  • The use of brand names is discouraged.
  • Entries will be judged on accuracy of content, spelling, and artistic excellence.
  • TAPE the entry form to the back of each student’s poster.
  •  There will be 13 total winners.
  • Selected winners will be used to promote economic and financial literacy and be displayed at the annual awards program.
  • Announcement of winners will occur in January.
  • Winning posters will be featured on FCEE’s website and printed in the 2015 FCEE Annual Calendar.

All entries become the property of the Florida Council on
Economic Education and may be used for publicity purposes.

Submit your entries to:
Florida Council on Economic Education
Attn: Suzanne Costanza
1211 N West Shore Blvd, Suite 305
Tampa, FL 33607

ECONOMIC CONCEPT DEFINITIONS

  • Consumers and Producers: Consumers are people who buy goods and services. Producers are people who make goods or provide services. Producers supply goods and services and consumers demand them.
  • Goods and Services: A Good is an object people want that they can touch or hold. A Service is an action that a person does for someone else. Goods are items you buy such as food, clothing, toys, furniture, and toothpaste. Services are actions such as haircuts, medical check-ups, mail delivery, car repair, and teaching.
  • Economic Wants: Desires that can be satisfied by consuming a good, service, or leisure activity. Because people have differing economic wants, they purchase a wide variety of goods and services or choose to “consume” differing amounts of leisure time.
  • Entrepreneur: An entrepreneur is someone who recognizes an opportunity, marshals the productive resources, and takes the risk to develop or improve a product or start a new business.
  • Human Resources: Human resources describe the human work effort, both physical and mental, used in the production of goods and services. Human Resources are one of the three basic productive resources: natural, human, and capital. Human Resources, like the other productive resources, are considered scarce. That is, Human Resources are not freely available in unlimited quantities. This is why producers must pay wages and salaries to obtain the Human Resources they need to produce goods and services.
  • Market: A Market exists whenever people buy and sell goods and services. Markets are where prices are determined.
  • Opportunity Cost: When you make a decision, the most valuable alternative you give up is your opportunity cost. (Opportunity cost is not what you pay to buy something!) There is always an alternative to any decision, so every decision has an opportunity cost.
  • Productive Resources: Productive Resources are the natural, human and capital resources that are used to produce goods and services. (Note: entry must include Human, Capital and Natural Resources)
  • Specialization: People Specialize when they produce only some of the goods and services they consume, then trade with others to get more of the things they want
  • Trade: Trade is the voluntary exchange of goods and services for money or other goods and services. When trade is voluntary, both people benefit. Trade without money is called barter.

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