Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019

1. Laura Ewing • President/CEO • 1801 Allen Parkway, Houston, TX 77019 • P: 713.655.1650 F: 713.655.1655 • Laura@economicstexas.org • www.economicstexas.org • Helping young people learn to think, choose, and make better • economic and financial choices in a global economy

2. TCEE – • Addresses real life economic and financial literacy problems through education • Vision: Helping young people learn to think and make better economic and financial choices in a global economy • Goal:

3. Staff Development • Economics • Entrepreneurship • Career/Business • Financial Literacy

4. 10 week simulation • Grades 4 through 12 • Teams of 2 to 5 • Virtual $100,000 to invest • 35,000 to 40,000 Texas students participate annually • Legislative Challenge • Research indicates improved math scores on standardized tests

5. 10 week Student Session September 26- February 6- On Site Training in Houston Texas Southern University Sept 17 SMG Overview Webinars (From any location in TX - Choose One) August 18, 7:30 – 8:45 PM August 19, 10 – 11:15 AM August 25, 7:30 – 8:45 PM September 10, 8:30 – 9:45 AM September 13, 7:30 – 8:45 PM SMG PROGRAM DATES

6. Economics Challenge • Fall and Spring Online Testing In Micro, Macro and International Economics • Adam Smith Division 2nd place national champs Bellaire HS 2010 • David Ricardo Division 3rd place national champs Plano HS 2010

7. Personal Financial Literacy Challenge • Premier Challenge: spring 2011 with campus online testing • “State Play-Offs” with 20 teams and 10 teachers invited April 2011 • 2011-2012 fall and spring online challenge will determine state finalist

8. A FINANCIAL LITERACY PROGRAM SPONSORED BY Helping young people learn to think, choose, and make better economic and financial choices in a global economy www.economicstexas.org

10. Opportunity Texas: Asset Building http://www.opportunitytexas.org/about-us • Council for Economic Education http://www.councilforeconed.org/ • Based on Smart Tennessee Program http://www.smarttn.org/

11. ? • Economics With Emphasis on the Free Enterprise system is taught at the senior level and is required for graduation (only 21 states require this) • State legislature has required that all students graduate having learned personal financial literacy concepts • In May 2010 the SBOE affixed the PFL TEKS to the Economics course

12. ? • SB 290/ HB 3232 passed the House and Senate and was signed by Governor Rick Perry in the 2011 legislative session. • AN ACT • relating to including a personal financial literacy component in • public school mathematics instruction. •        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: •        SECTION 1.  Subsection (a), Section 28.0021, Education Code, • is amended to read as follows: •        (a)  The Texas essential knowledge and skills and, as • applicable, Section 28.025 shall require instruction in personal • financial literacy in: • (1)  mathematics instruction in kindergarten through • grade eight; and • (2)  one or more courses required for high school • graduation.

13. SB 290 PFL $ MATH

14. ? • So, what does Smarter Texas offer? • Continued PFL staff development for senior level economics with realization that as an initiation into the financial literacy concepts it is too little/too late • PFL Challenge for middle and high school competition to reinforce learning • Introduction of PFL at the elementary level, greater depth and breadth at middle school and then refinement at the high school level

15. Resources for lessons? • Financial Fitness For Life • Spiraled Curriculum • As funding available, each teacher receives $79.00 bundle • Kindergarten – Grade 2 • Grades 3 – 5 • Grades 6 – 8 • Grades 9 – 12

16. Additional Resources for lessons represent support from TCEE sponsors: • Financing Your Future • CD with high school level lessons • Hands on Banking • Online Spiraled Curriculum

17. Valerie Johse, Retired Elementary Math Specialist in Pearland ISD, has stated: • “I do know that kids have even fewer experiences with money than ever before. The days of sending lunch money and ice cream money are gone. Everything is put into an account for the kids at school. Then all they see is their parents using plastic even to pay for a drink at Sonic! Children truly don’t have a sense of money and using it wisely for their needs.”

18. ? Pilot program: Training for 100 teachers in the Houston area must be completed by October 31, 2011 • 25 grade 3 to 5 teachers (no spots remaining) • 25 grade 6 to 8 teachers (15 spots remaining) • 50 grade 9 to 12 teachers (15 spots remaining) All receive Financial Fitness for Life materials free

19. ? Smarter Texas program teachers will need to: • Take a pre and post quiz during the training • Complete at least a three hour training • Give students a pre and post test and submit results to TCEE • Provide lessons to students each year • At least 20 teachers need to register and have teams complete PFL Challenge

20. ? During the pilot program, teachers outside of Houston can: • Receive training in PFL • Obtain free materials: Financing Your Future, Hands on Banking and Financial Fitness for Life Through VE4.0 • Have teams participate in Economics and Finance/PFL Challenge. State winners will be determined by online testing results rather than a face-to-face competition in 2011.

21. According to September 10, 2010 USA Today article, “Student Loan Debt Exceeds Credit Card Debt in U.S.” • Total student loan debt $850 million • Consumers owed $828 billion in revolving credit, including credit card debt, according to July 2010 seasonally adjusted numbers given in Federal Reserve Bank report

22. Long Term Goal: • Encourage students to save money for college • Possibly work with funding institutions to do some matching funds Terminology moving from financial literacy to financial capability and asset building Students with savings accounts are 4 times more likely to go to college and if in their name, 7 times more likely.

23. What Has… • 51 concepts • Short quizzes • 500 plus terms • 1400 lessons • Film clips • Online resources?

24. Virtual Economics Training • VE 4.0 CD/Pin Drive with 1400 + lessons • Target training in 106 Texas districts with at least one of lowest performing schools in nation. Others can also participate. • 36 trainings for 650 teachers • Funded by State Farm and Council for Economic Education

25. This workshop and the accompanying materials are made available to teachers through the generous support of  State Farm and the Council for Economic Education.

26. Select either Browse Economics Concepts Or Browse Economics Lessons Select Grade Band

27. Selected lesson

28. To Receive VE4.0, Please Complete and Turn In- 1. A Registration form with the date, location and title of the workshop written in at the top of the form. Your state council on economic education or local center for economic education director has indicated you as someone who has recently attended a training on the use of one of our materials. As such, we would like to know about your experience with both our training and our product. Please take the time to fill out the following survey. 1. Overall, how effective will this publicationbe in helping you plan instruction? (1 = Useless, 3 = Somewhat Effective, 5 = Very Effective) 1 2 3 4 5 2. An evaluation form with the date, location and title of the workshop written in at the top of the form. The evaluation begins with…