Wednesday, June 3, 2015

Update - Economics for Media Professionals

The Economics for Opinion Leaders – Journalists and Media Professionals seminar scheduled for June 22-23, 2015 has been cancelled.

However, the scheduled presentation by Andrew Zimbalist, Robert A. Woods Professor of Economics at Smith College, will be held on June 23 at a working lunch starting at 12:00 noon at the University Club, 924 Wells Street, Milwaukee, WI 53202 (Tel.: (414) 271-2222).

Professor Zimbalist is one of the nation’s most prominent sports economists. He will be speaking on the costs and benefits of public funding of sports stadiums, including the proposed new arena for the Milwaukee Bucks. A question-and-answer session will follow.

If you are interested in attending Professor Zimbalist’s presentation, please contact Stephanie Czosnek at (414) 221-9785 or at

Andrew Zimbalist is the Robert A. Woods Professor of Economics at Smith College in Northampton, Massachusetts. He earned a B.A. from the University of Wisconsin at Madison and an M.A. and Ph.D. from Harvard University. He has been in the economics department at Smith College since 1974 and has been a visiting professor at Doshisha University, the University of Geneva and Hamburg University.

Professor Zimbalist has consulted in Latin America for the United Nations Development Program, the U.S. Agency for International Development and numerous companies. He has consulted in the sports industry for players' associations, cities, companies, teams and leagues.

He has published several dozen articles and twenty-two books, including Cuban Political Economy (1988), Comparing Economic Systems (1989), The Cuban Economy: Measurement and Analysis of Socialist Performance (1989), Panama at the Crossroads (1991), Baseball and Billions (1992), Sports, Jobs and Taxes (1997), Unpaid Professionals: Commercialism and Conflict in Big-time College Sports (1999), The Economics of Sport, I & II (2001), May the Best Team Win: Baseball Economics and Public Policy (2003), In the Best Interests of Baseball? The Revolutionary Reign of Bud Selig (2006), The Bottom Line: Observations and Arguments on the Sports Business (2006), Equal Play: Title IX and Social Change (2007), Circling the Bases: Essays on the Challenges and Prospects of the Sports Industry (2010), The International Handbook on the Economics of Mega-Sport Events (2012) and The Sabermetric Revolution: Assessing the Growth of Analytics in Baseball (2014).


Tuesday, June 2, 2015

Save the Date for These Exciting Fall Programs!

EconomicsWisconsin is offering three professional development workshops in October and December on economics and personal finance. Mark your calendars for these exciting conferences!

Friday, October 16
9th Annual Get Your Students Pumped Up on Personal Finance and Economics!
Lambeau Field, Green Bay, WI

This one day conference at Lambeau Field is geared to support K-12 teachers and community outreach educators in learning more about topics relating to personal finance and economics.

Topics include:
  • Debt, Deficits and Entitlements 
  • Credit Reports and Scores 
  • Classroom Mini Economy 
  • American Colonial Economics
  • Insurance Invest Program 
  • High School Economics 

Friday, October 23
The Waterfront Restaurant & Tavern
328 Front Street South, Suite 101 | La Crosse, WI 54601

This one-day conference in La Crosse for 6th - 12th grade educators offers engaging presentations on risk and reward. Free Virtual Economics 4.5 USB Drive will be given to each attendee.

Friday, December 4
26th Annual Meeting of the Association of School Economic Teachers (ASET)
Miller Park | Johnson Controls Stadium Club

This one-day conference consists of a series of presentations on global economics geared towards middle and high school teachers. Free Virtual Economics 4.5 USB Drive will be given to each attendee.

More information will be forthcoming and registration will open in August. Please check our website for more information!

Tuesday, May 26, 2015

Spring 2015 Wisconsin Stock Market Simulation Winners

This semester, the Wisconsin Stock Market Simulation (SMS) had ninety-seven teachers enter their students into the Spring 2015 Challenge. They registered a total of 1,006 teams and close to 4,024 students participating.

The top prize of the trip to New York City was won by WestoshaCentralHS-13 from Westosha Central High School. They had a portfolio value of $153,885.51 with a 53.89% return. The team traveled to New York mid-May and enjoyed their time touring the Statue of Liberty, catching The Lion King on Broadway, and learning about trading first hand on the floor of the New York Stock Exchange.

Second place was team WestoshaCentralHS-1 and third place was team DHS-5 from Dodgeville
High School. For a full listing of the winners, please our website. Click here for a top 100 list of the teams in the State of Wisconsin for Spring 2015 Stock Market Simulation. We also list the top 10 teams for each division on our website.

The Spring semester also marked the end of the School Year trading session. These teams begin trading in October and invest in their portfolios throughout the school year. The School Year Challenge had 63 teams and 240 students participate in the year long trading simulation. First place went to Jefferson Middle School with a portfolio of $129,607.74. Second place went to Brookfield Central and third place was awarded to Neillsville High School.

Trading dates for 2015-2016 have been announced and are listed on our website. EconomicsWisconsin also offers a free workshop in the fall for teachers looking to introduce the game into their classroom or for more information on how to play the SMS. The date of this workshop is to be determined.

Friday, May 15, 2015

National Economics Challenge Update

News Flash!
CNBC will be covering parts of the National Economics Challenge live starting at 1 pm Eastern—Monday, May 18!

The Finalists! 

The finalists are posted online!  National Economics Challenge Rankings

Watch It Online!

This year’s Quizbowl will be filmed with a live studio audience at the Crosby Hotel Screening Room in New York City. Watch the recording on June 3rd when it’s uploaded to our website!


Learn more about our amazing Finalist teams! Watch their video portraits that convey who they are as economics scholars, and vote for your favorite video on CEE’s Facebook page. The team with the most votes will receive a $100 Amazon gift certificate for their school and a $25 iTunes gift card for each student from the team.

Voting has started and will end Friday, May 22 at 5:00pm ET.

(The video contest has no influence on National Economics Challenge judging.)

Monday, April 27, 2015

Economics for Opinion Leaders - Journalists and Media Professionals

Please join presenters, Mark Schug and Scott Niederjohn for a two-day professional development workshop on economics on Monday and Tuesday, June 22 and 23.  This presentation will be in the Library at the University Club of Milwaukee. the cost to attend is $100. Registration can be made online.

This award-winning seminar features presenters who are talented and experienced economists with a unique ability to help understand and communicate economic principles in ways that are powerful, entertaining, and engaging to non-economists.

Media and corporate communications professionals, and other professionals who deal with evolving developments and the media, are deluged with daily reports on issues that have important economic implications. You’ll come away better able to make sense of the numbers, logic, and opinions on today’s critical economic developments. You’ll also be better able to anticipate their consequences, frame your questions, and articulate your own position.

A Scoop for Wisconsin Journalists Attending this Seminar 

Andrew Zimbalist, Robert A. Woods Professor of Economics at Smith College, is one of the nation’s most prominent sports economists. He will speak exclusively to media professionals at this seminar on the costs and benefits of public funding of sports stadiums including the proposed new arena for the Milwaukee Bucks. A Q&A session will follow. The economic insights provided by Professor Zimbalist might be the basis for a unique story for your media outlet. 

Other topics covered:
  • Does the minimum wage do more harm than good? 
  • What is the current state of the U.S. economy in terms of growth, unemployment and inflation?
  • Is free trade out of date?
  • Is the Fed feeding inflation?
  • Should we worry about income inequality?
  • How do the economies in Europe, Asia and elsewhere effect the U.S.?
  • How do intended and unintended economic consequences evolve?

Wednesday, April 15, 2015

2015 Wisconsin Economics Challenge

March 26, 27, and 30, EconomicsWisconsin hosted the 2015 Wisconsin Economics Challenge in

Oshkosh, Milwaukee, and Eau Claire. One-hundred and thirty students from 16 Wisconsin high schools participated in a day of testing their micro, macro, international, and current affair economic knowledge.

The Economics Challenge is an opportunity for students to demonstrate their knowledge of economic concepts in a fun and competitive atmosphere. High school students from across the state competed with one another through written examinations, a Super Quiz, and a Quiz Bowl. All students received T-shirts and winning teams were awarded cash prizes and medals. Raffles and other prizes were handed out throughout the day as well.

Each region awarded a first, second, and third place team. A state winner was awarded based on points of the first four rounds. The state winners in each division were invited to participate in the National Semi-Finals. The National Semi-Finals is to take place on Tuesday, April 14 at the winner’s schools.

Congratulations to all that participated!

Oshkosh winners are:

Adam Smith Teams
First Place - Marathon High School—Team Ponzi Schemers
Second Place - DePere High School— Team DePere High School

David Ricardo Teams
First Place - Seymour High School—Team Preferred Stock
Second Place - Marathon High School—Team Moral Hazard
Third Place - Clinton High School— Team Dismal Science Players

Milwaukee winners are:

Adam Smith Teams
First Place - Wilmot Union High School – Team The Barriers to Entry
Second Place - Badger High School—Team Born Ready
Third Place - Pewaukee High School—Team The Friendship Brigade

David Ricardo Teams
First Place - Nicolet High School—Team Ricky’s Ricardo
Second Place - Kettle Moraine High School—Team The Marxmen
Third Place - Brookfield Academy—Team The Munchkins

Eau Claire winners are:

Adam Smith Teams
First Place - New Richmond High School—Team Rock-on Econ
Second Place - Stanley-Boyd High School— Team Tschind
Third Place - Northwestern High School—Team Bold

David Ricardo Teams
First Place - Stanley-Boyd High School—Team Monkey See
Second Place - Stanley-Boyd High School— Team Flying Squirrels
Third Place - Northwestern High School—Team Gold

Congratulations to the 2015 Wisconsin State Winners:

Adam Smith Division
First place -Wilmot Union High School, Advisor Melinda Unger
Team The Barriers to Entry (Samantha Schroeder, Brendan Buhler, Rebecca Boyle, Ethan Dowell)

Second place - Badger High School, Advisor Mike Butscher
Team Born Ready (Sam Lasch, Aleah Haworth, Gaven Dooley, Alex Kuik)

Third place – New Richmond High School, Advisor Ann Scharfenberg
Team Rock-on Econ (Elliot Smallidge, Anna Starks, Allyson Halonen, James Early)

David Ricardo Division
First place –Nicolet High School, Advisor Sue Bolly
Team Ricky’s Ricardo (Pam Mann, Quinn Rosen, Nell Murphy)

Second place –Seymour High School, Advisors Staci Severt and Zach RoweTeam Preferred Stock (Frank VanEss, Michaela Thurow, Kort Driessen, Cassie Piette)
Third place – David Ricardo – Kettle Moraine High School / Team The Marxmen (Niklas Vakil, Trevor Ross, Nicholas Patnode)

The National Economics Challenge will be broadcast live on Monday, May 18 at 1 PM EST via the CEE's Facebook page:

For more information on the Wisconsin State Econ Challenge, visit

A special thank you to our Economics Challenge sponsors, Xcel Energy and The Arnold & Lois Domer Foundation, in addition to Dr. Brian Schultz, Director of our Center for Economic Education at UW-River Falls, who has skillfully led the Economics Challenge for the past several years.

Friday, January 30, 2015

Spring 2015 Stock Market Simulation

Registration is open for the 2015 Spring 10-week Wisconsin Stock Market Simulation. To register your teams, visit the  The SMS is open to Wisconsin students only and teams can enroll in the Elementary, Middle or High School Division,  EconomicsWisconsin also offers an Adult/College Division and a Department of Corrections competition.

When registerring a team, please create a new username. This username will be used for each team. Common usernames include school name, mascots, areas or teacher name.  Each team costs $25.00 and the school will be invoiced the cost of the teams. All fees are due one week before the end of the game.

The game begins on Monday, February 9. Registration ends on Friday, February 27. At least one trade must be placed by Friday, February 27.

All rules and regulations are outlined in the Teacher's Guide found on our website. 

Any cancelation of teams should be made through Stephanie. Please call her at (414) 221-9785.

For more information, please visit our website.

Friday, January 23, 2015

Participate in the Wisconsin Economics Challenge for a Chance to go to the National Economics Challenge

Students love competition! EconomicsWisconsin invites all high school students that are currently enrolled in an economics class or an AP class to participate. In our fourth consecutive year of running the Wisconsin Economics Challenge, we are adding an additional competition site to accommodate more students! The best part of the day is that it is free to participate.  EconomicsWisconsin also offers beverages all day, a continental breakfast and lunch. Sign up today!

What is the Economics Challenge?
The Wisconsin Economics Challenge is an opportunity for teams of three (3) or four (4) high school students (four team limit per school) to demonstrate their knowledge of economics concepts in a competitive and FUN atmosphere! Any Wisconsin student enrolled in a high school course for credit during the 2014-2015 academic year can participate. Students can compete at one of three host sites (Oshkosh, Milwaukee or Eau Claire) and in one of two divisions: David Ricardo or Adam Smith.

When is the Economics Challenge?

Wisconsin State Competition           
Date/Time: Thursday, March 26, 2015 / 8:30 AM – 2:00 PM
Location: La Sure’s Banquet Hall | 3125 S. Washburn St. | Oshkosh

Date/Time: Friday, March 27, 2015 / 8:30 AM – 2:00 PM
Location:  Ramada Plaza (near the airport) | 6331 S. 13th Street | Milwaukee

Date/Time: Monday, March 30, 2015 / 8:30 AM – 2:00 PM
Location: Clarion Hotel Campus Area, 2703 Craig Road, Eau Claire, WI 54701

Statewide winners announced Tuesday, April 7, 2015

National Semifinals
Date/Time: Tuesday, April 14, 2015 / 2:00 PM – 5:00 PM
Location: State Champion’s Schools

What are the costs?
Registration is FREE! Each team is responsible for transportation to the State Competition. Transportation and accommodations for the National Final Championship are paid for by the Council for Economic Education.

The Divisions
The Adam Smith Division is for students enrolled in courses labeled Advanced Placement (AP Micro, AP Macro, or AP Micro and Macro), International Baccalaureate (pre-IB and IB), honors, two-semester, or any other advanced courses in economics (including courses taught by a secondary teacher where students earn college credit). Students who have participated previously in the Economics Challenge and home schooled students must compete in the Adam Smith Division.  
The David Ricardo Division is for students enrolled in one-semester or less high school economics courses or other courses that include introductory economic concepts (social studies, business, personal finance, etc.). The course must be taught by a secondary teacher. Students are tested in the same areas as the Adam Smith Division; however, some of the questions in the David Ricardo Division will have more emphasis on economic application, rather than economic theory.

How Are the Winners Determined?

Each econ challenge site will consist of the following format:
Round 1 – Microeconomics
Round 4 – Super Quiz
Round 2 – Macroeconomics
Round 5 – Quiz Bowl
Round 3 – International Economics

In both divisions, teams of 3 or 4 students are tested in the areas of microeconomics, macroeconomics, and international economics/current events using a multiple-choice, format (scantron testing). In Rounds 1 and 2, each team member works individually and the top three scores are used to calculate the total team score. In Round 3 the test is taken as a team and the score is multiplied by 3 to get the total team score.  

In Round 4, all teams compete in a head-to-head challenge called the Super Quiz.  Each team member answers a series of five multiple choice questions.  There are 6 rounds in the Super Quiz. Scores from the first three Rounds and answers to the Super Quiz questions are compiled for an overall Team Score. The two teams with the highest total scores in each division after Rounds 1-4 will qualify for the Quiz Bowl. 

In the Quiz Bowl, the moderator reads 10 questions (one at a time) to all members of both teams. The first person to “buzz in” will have the opportunity to answer each question. A correct answer adds 10 points to that person’s team score, but an incorrect answer deducts 5 points from the team score. The team with the highest point total after all 5 rounds (in each division) will be the regional champion.
The team with the highest point total for rounds 1 through 4 from all three sites will be crowned State Champions and have the opportunity to compete in the National Semifinal competition at their home school. There will be one winning team from David Ricardo and Adam Smith announced via email, online and on Facebook, Tuesday, April 7.

Prizes and Awards
If there are more than two teams in each division at a location, the top team in each division wins $200.  Second place in each division wins $100 and Third place wins $50.  If there are less than two teams in each division at a location, awards will be given to the overall top scores with first place overall receiving $200, Second place $100 and Third place $50. 

 State Champions: Adam Smith / David Ricardo Divisions will represent Wisconsin in the National Semifinal competition

Cash awards of $200, $100, and $50 as well as Medals to the First Place teams in each Division
Breakfast, lunch, T-Shirts, and other surprises!

State Economics Challenge winners advance to the National Semi-Finals with the top 4 teams and their coach, in each division, winning an all-expenses paid trip to New York City to compete in the National Finals. 2015 National Economics Challenge finalists in each division are awarded the following cash prizes:
First Place – $1000*
Second Place – $500*
Third Place – $250*
Fourth Place – $200*

*Prizes are awarded to 2015 National Economics Challenge finalists, students and coaches, in each division, David Ricardo and Adam Smith.

For more information, please visit our website. Registration can be made online. If you have any questions, please call Stephanie at (414) 221-9785. The CEE also has an excellent website dedicated to the National Economics Challenge.

Friday, January 2, 2015

Teaching Personal Financial Literacy and Economics Standards in High School Math Classes

EconomicsWisconsin and the University of Wisconsin-Stevens Point Center for Economic Education are hosting a one-day professional development workshop focusing on teaching personal financial literacy and economics in high school math classes.

WHEN: Friday, February 20, 2015 | 9:00 a.m. - 3:00 p.m.
WHERE: UW-Stevens Point | DUC Laird South Center, Room 230C

COST: $50 (includes curriculum)

To register, visit -

The workshop will be led by Tracy Hofer, professor of economics and director of the UW-Stevens Point Center for Economic Education, as well as math teachers who have been instrumental in moving personal finance content into the math curriculum within their district. Learn from teachers who are implementing personal financial literacy and economics standards into their high school math classes!

All teachers will receive a free copy of Mathematics & Economics appropriate for grades 9-12.  It includes 15 lessons math teachers can use to introduce economic and personal finance examples in your existing math classes.  Additional lessons will be provided in the best practices portion of the workshop.   

Topics Include:
  • Structuring a math class to cover personal financial literacy standards
  • Economic examples to use in math classes
  • Best practices in math and personal financial literacy
Register today! Space is limited!

For more information contact:
Professor Tracy Hofer, Ph.D.
Director, Center for Economic Education
School of Business and Economics
University of Wisconsin-Stevens Point
Telephone: 715-346-3874 | Email: