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Eight Annual Economics Calendar Poster Contest

• Reinforce Academic Standards
• Provide Alternative Assessment
• Demonstrate Strategic Thinking
• Have Fun!
• Encourage Creativity
• Stimulate Economic Interest
• Foster Interdisciplinary Activity

Contest Rules:

• A teacher may submit up to six poster entries, but no more than three on a single concept
• A teacher must submit a completed teacher entry form
• Posters must be original entries drawn horizontally on 8 1/2" x 11"  or 9" x11" White Paper
• The economic concept illustrated must be printed near the top of the poster, spelled correctly (all descriptions must be spelled correctly), and written in large lettering, a brief description of the concept must be demonstrated in the poster
• Posters must be in color Markers, crayons, and paints are appropriate and encouraged. Must be clearly legible and visible
• Posters must illustrate one of the eight economic concepts listed below
• Posters must not be folded
• No cut and paste posters

Winning Prizes:

• Sixteen winners will each receive $50
• Announcement and recognition of winners will occur in May, 2011
• All entries become the property of the North Carolina Council on Economic Education and may be used for publicity purposes
• Winners, their teachers, and parents will all receive copies of the calendar

Eight Concepts for 2009-2010 Calendar Contest (to create a 2011 calendar)

GOODS AND SERVICES: A good is an object people want that they can touch or hold, clothes, cars, books, and houses.   A service is an action that a person does for someone else, an example would be visit to the doctor, a beauty salon, and a hockey game.

INTERNATIONAL TRADE: The exchange of goods and services between people of different countries in exchange for money or other goods and or services.

MARKETS:  The interaction of buyers and sellers trading goods and services either by barter or for a price.

ECONOMIC RESOURCES:  Natural, human, and or capital.

• Natural resources are “gifts of nature” that are present without human intervention and aid in the production of goods and services  Examples of natural resources are: tin, water, crude oil, salt, and wind.
• Human resources are used to produce goods and services. Examples of human resources are: labor, human-made tools and equipment, human capital, and technology. Labor can also be classified as the physical and mental contribution of an employee to the production of the good(s).
• Capital resources are the financial capital (monies) raised to create, operate, and or expand a business, industry, or product.

SAVINGS:  That portion of a person’s disposable income they choose to set aside for future use, it can be placed into a savings account, bonds, annuities, retirement accounts, and or stocks.  Personal income is typically disposed of in three ways: spent, saved and/or taxes.

BUDGET: A plan for meeting expenses based on a given income. Organizing one's financial affairs in such a way that their income cover expenses.

WANTS AND NEEDS: An attempt to satisfy our wants and needs by using goods and services. Wants are those things which are desired, but are not necessary for survival. Needs are those good ad services that are necessary for survival. Needs typically include food, shelter, clothing, clean water and air.

Click here to download a PDF of the Teacher Submission Form

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