Students learn 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 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.
Each winning entry receive $25 and a copy of the calendar/poster, and a surprise gift card.
Students ECONOMIC CONCEPT DEFINITIONS
- ASSETS: Things that have earning power or some other value to their owner.
- BUDGET: The amount of money that is available for, required for, or assigned to a particular purpose.
- 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.
- DEBT: Something, typically money, that is owed or due. The state of owing money.
- 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.
- GOODS & 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.
- 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.
- SUBSTITUTE GOODS: Two goods that could be used for the same purpose. If the price of one good increases, then demand for the substitute is likely to rise.
- 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.
St. Lucie Elementary Winners:
Jaden Carey – Consumer & Producers (Calendar)
Jata Khan – Saving (Poster)
Village Green Environmental Studies School Winners:
Gracious Ianniccheri (Poster)
Jennavie Porteous (Poster)