Annual Economics Fair Held Over Weekend
Ben Fry
Issue date: 4/27/09 Section: News
The 16th annual Economics Fair, hosted by the M.H. Russell Center for Economic Education at Henderson, was held this weekend. The event took place on Saturday, April 25 at the Garrison Activity Center and lasted from 8:00 a.m. to 2:00 p.m. that afternoon.
The Economics Fair is an event in which four-person teams of K-12 students are invited to compete in various educational activities relating to the subject of economics. The goal of the fair is to test and improve the economic awareness of both students and their respective educators.
The day is divided into different events to test the students' economic comprehension, with a break in the afternoon for lunch. At the end of the event, an award ceremony is held to commemorate the winning team's accomplishments.
"There are about 20 teams of students coming to participate in the fair on Saturday morning," said Celya Taylor, director of the M.H. Russell Center for Economic Education, before Saturday's events. "This year we have several students ranging from 3rd to 5th grade coming to compete."
The event was held with a $10 registration fee for each student, resulting in a $40 fee for each team. Lunch could be purchased for $5 if students did not bring their own.
According to the official event brochure, the competition is made up of five different activities: an economic concepts test, creating a product, designing a t-shirt logo, a display project and a trivia-based relay race.
The first area of competition - the economic concepts test - consists of each of the four team members taking a grade-level test on their knowledge of economics. From the scores of each individual member, an average is taken to determine the victor of the competition.
Students then create an original product from a bag of previously undisclosed identical resources.
The team then presents their product to panel of judges, in front of which they divulge the name, cost and use of the product they have created.
The Economics Fair is an event in which four-person teams of K-12 students are invited to compete in various educational activities relating to the subject of economics. The goal of the fair is to test and improve the economic awareness of both students and their respective educators.
The day is divided into different events to test the students' economic comprehension, with a break in the afternoon for lunch. At the end of the event, an award ceremony is held to commemorate the winning team's accomplishments.
"There are about 20 teams of students coming to participate in the fair on Saturday morning," said Celya Taylor, director of the M.H. Russell Center for Economic Education, before Saturday's events. "This year we have several students ranging from 3rd to 5th grade coming to compete."
The event was held with a $10 registration fee for each student, resulting in a $40 fee for each team. Lunch could be purchased for $5 if students did not bring their own.
According to the official event brochure, the competition is made up of five different activities: an economic concepts test, creating a product, designing a t-shirt logo, a display project and a trivia-based relay race.
The first area of competition - the economic concepts test - consists of each of the four team members taking a grade-level test on their knowledge of economics. From the scores of each individual member, an average is taken to determine the victor of the competition.
Students then create an original product from a bag of previously undisclosed identical resources.
The team then presents their product to panel of judges, in front of which they divulge the name, cost and use of the product they have created.
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