Economic Poster Contest
Teachers are invited to help their students learn more about the economy in a fun and creative way by participating in the FCEE annual Economic Poster Contest. Each year, approximately 300 students gain a better understanding of our economic system through their participation in this exciting competition.
Students learn a basic economic concept and then use their creativity and art skills to demonstrate their understanding of the concept in a colorful drawing. Teachers submit their entries to in both the fall and spring semester, after which 12 winners are selected (each term). Entries are judged on originality, creativity and accuracy of concept.
For the fall, the 12 state winners’ drawings are featured in a twelve-month calendar the following calendar year. For the spring, the top twelve entries are each made into posters and hung at the state capital for all of Financial Literacy Month.
Check out the rules below and see some of the winning entries from last year!
Each winning entry will receive $25 and a copy of the calendar/poster
ECON POSTER CONTEST ENTRY RULES:
- Fall 2015 Entries Due: Friday, December 2, 2016
- Spring 2016 Entries Due: Friday, March 10, 2017
- Open to students in grades K-12.
- All entries must be original and drawn horizontally on an 8 1/2″ x 11″ white sheet of paper.
Card stock is preferred.
- 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.
- TAPE the entry form to the back of each student’s poster.
- Entries will be judged on accuracy of content, spelling, creativity and artistic ability by grade level.
- Fall Winners: Selected drawings will be used in the 2016 Economic Principles Calendar. Copies of the calendar will be distributed to the winners & teachers.
- Spring Winners: Selected drawings will be used to make Economic Principles Posters. Copies of the posters will be distributed to the winners & teachers.
ECONOMIC CONCEPT DEFINITIONS
- Competition: The effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms.
- Consumers & 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.
- 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.
- Good & 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.
- Incentives: Factors that motivate and influence the behavior of households and businesses. Prices, profits, and losses act as incentives for participants to take action in a market economy.
- 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: All natural resources (land), human resources (labor), and human-made resources (capital) used in the production of goods and services. Note: entry must include human, capital and natural resources.
- Savings: The amount left over when a person’s expenses are subtracted from the amount of disposable income that he or she earns in a given period of time. This occurs when individuals, businesses, or the economy as a whole do not consume all of the current income.
- Scarcity: An economic principle in which a limited supply of a good, coupled with a high demand for that good, results in an imbalance forcing consumers to re-examine their needs v. wants. For something to be scarce, something else must be given up, or traded off, in order to obtain it.
- Stock Market: The market in which shares of publicly held companies are issued and traded. The Stock Market provides companies with access to capital (money) in exchange for giving investors a slice of ownership in the company.
- Surplus: An excess of income or products (over expenses) in a given period of time.
- Trade: 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.
- SEE ALL OUR WINNERS -