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Economics Arkansas October 2020
AND THE WINNERS ARE...
The 25th anniversary celebration of the Bessie B. Moore Awards program began last week as we surprised 5 exemplary educators in the state for their creative approaches to economics, personal finance and entrepreneurship. These amazing educators will receive a Bessie award and $1,000 cash for their work.
Our 2019-2020 Winners are:
Jessica Culver, Ozark School District
Jason Finney, Little Rock School District
Jamie Garmon, Pulaski County Special School District
Jennifer Malugen, Springdale School District
Jennifer Taunton, Springdale School District
Watch our social media as we spotlight each of the winners in November.
NATIONAL MANUFACTURING DAY
Friday, October 2
The Arkansas Economic Development Commission believes every day is Manufacturing Day, and Economics Arkansas agrees. Each summer a highlight of programming is our Connecting Educators to Industry series. A fabulous partner in this initiative is BeProBe Proud.
Did you know October is Fair Trade Month? On October 6, we will host a webinar on the topic of fair trade coffee.
Fair Trade is a way of doing business that aims to keep small farmers an active part of the world marketplace and to empower consumers to make purchases that support their values. Dr. Victor V. Claar raises significant economic and moral questions about both the logical and economic reasoning underlying the fair-trade movement. Don't miss out!
Upon successful completion, participants will receive: 1 hour of professional development credit Choice of a book related to the topic
Sweatshops is one of the most controversial topics in economics but also one where the economic way of thinking is most clearly revealed. Why might an economist think that sweatshops could be good? Individuals work in places with working conditions we find hard to imagine and for pay we’d never even consider. In this webinar, Dr. Snyder will look at the concept of “opportunity cost,” the next best option that we all give up whenever we make a choice. Participants will see how sweatshop conditions compare to the other options people in poor countries have and be invited to think about how having more “bad” options can be better than having less.
Presenter: Dr. Tom Snyder, UCA, ACRE
Upon successful completion, participants will receive: 1 hour of PD Credit Out of Poverty: What Works When Traditional Approaches Fail by Paul Polak
Did you know October 12 is National Savings Day? What better time to help Prek-12 students learn about the savings habit! Join us for this webinar to find helpful resources to introduce your students to the importance of savings and be ready with a fun lesson on October 12.
Upon successful completion, participants will receive: 1 hour of professional development credit
On October 13th, in honor of National Train Your Brain Day, the Federal Reserve Bank of St. Louis and Economics Arkansas are teaming up to share K-12 resources on the topic of human capital. Research demonstrates there are great returns and productivity gains from additional education and training. This webinar will spotlight ready to use resources for online, hybrid, and in-person classrooms to help your students learn how to invest in themselves.
Upon successful completion, participants will receive:
Economics should NEVER be an "extra" box in your lesson plans. Grab and Go Econ Guides are designed to teach economics in an integrated approach to students K-6. Join us for this brief webinar, and you will qualify to receive your own set of guides!
Upon successful completion, participants will receive: 1 hour of professional development credi t
Grab and Go Economics: Compact Concept Connector Guides with standards alignments (Valued at $30.)
Looking for ideas for The Stock Market Game™? Join Jason Sanders, veteran teacher in the El Dorado School District, as he shares ideas of how he engages his students daily in The Stock Market Game™! Review tried and true resources and discover news ones for your classroom.
Upon successful completion, participants will receive: 1 hour of professional development credit Choice of a book related to investing
Teachers will gain access to Marginal Revolution University’s (MRU) latest curriculum—Globalization, Robots & You—a 5-day curriculum that helps students make more informed decisions about education and careers based on the projected impact of globalization and automation on the U.S. economy’s rapidly changing workforce.
More specifically, students relate the history and impact of globalization to their own lives using the blockbuster Avengers movie, play an economics-trends guessing game on creative destruction, and apply globalization’s economics and personal finance concepts to future education and career choices. This highly flexible, easily editable, Google doc-based curriculum includes four videos plus five interactive activities and games that teachers may use separately or as a complete unit and is aligned with other social studies subjects, including geography, world history, and U.S. history. Online and in-class versions for a variety of learning management platforms are available.
Teachers will also become familiar with additional free resources (online courses, lesson plans, assessments, an extensive video-based dictionary of economics concepts, etc.) for teaching secondary economics and personal finance, including a collection of 900+ instructional videos—complete with practice questions and EdPuzzle videos. A list of videos aligned with Arkansas’ economics learning standards and best-practices for effective economics and video-based instruction will be shared. Participants will be given the opportunity to subscribe to EconInBox for just-in-time emails featuring current events media and related activities tailored to what they’re teaching and when they’re teaching it; join MRU’s timely and unique Facebook community for teaching economics online; plus, as a bonus, receive a free 5-pack of economics-themed Zoom backgrounds for virtual classes.
Upon successful, participants will receive: 2 hours of professional development credit Choice of a resource mentioned in the webinar
During this webinar, Dr. Marcus Witcher will guide teachers through economic history modules that have been tied to Arkansas's history, civics, and economics standards. Teachers will discuss economic events like Prohibition, the Roaring Twenties, and the Great Depression, and learn how to discuss those events in multiple classrooms. Teachers in attendance will receive guided curriculum packets, new activities, discussion prompts, and AMI resources.
Presenter: Dr. Marcus Witcher, UCA, ACRE
Upon successful completion, participants will receive: 1 hour of professional development Resource of your choice covered in the webinar
In the late 1800s, George Renninger of Wunderle Candy Company created candy corn. Originally, candy corn was yellow, orange and white. However, it wasn’t until 1889 that the Goelitz Candy Company made the candy popular.
Candy corn was first marketed as "Chicken Feed" and the confection proved so popular that the Goelitz Candy Company, competed to take over mass-production of the seasonal sweet treat.
The original confection was made by hand using corn syrup, sugar, water, marshmallows, fondant and carnauba wax (a wax made from the leaves of a palm tree). However, modern candy makers produce the treat using machines while using the original ingredients.
It is estimated that more than 35 million pounds of candy corn will be produced this year, or about 9 billion pieces! To share a video of the production process, visit this link.
THE ECONOMICS OF HALLOWEEN
Saturday, October 31
There is quite a bit of discussion about the impact of COVID-19 on Halloween 2020. Candy companies are hopeful that children will still trick-or-treat and adults will purchase sweets, even if their Halloween celebration looks different. Spending is up 13% for the last 4 weeks in September compared to last year according to market research IRI.
Halloween is the biggest sales driver for the chocolate, gum, candy and mints industry, surpassing other seasons like Valentine's Day, Easter and Christmas. According to the National Confectioners Association, it makes up $4.6 billion of the industry's $36 billion annual revenue.
Challenge your students to learn more about the economics of Halloween through reading current event articles, reviewing the National Retail Federation, and conducting consumer market surveys.
NATIONAL PIZZA MONTH
If you are looking for an excuse to enjoy a yummy slice of pizza, celebrate National Pizza Month. There are many great lessons and economics on the topic of pizza.
For the fifth consecutive year, Arvest Bank will honor educators throughout their footprint by conducting the “We Love Teachers” campaign. This year, Arvest will award 157 teachers with a total of $78,500 in prize money.
The decision to award 157 $500 gifts to individual teachers was made not only out of respect and appreciation for the work teachers do, but as a sign of support at a time when they face exceptional challenges. All prizes will go to teachers who work at state-funded schools and are to be used for classroom needs.
To nominate a teacher to receive one of the $500 prizes, look for an Arvest Bank Facebook post about this contest during the week of Oct. 5-11, then select the link in the post to complete a nomination form. More contest rules and details are available on Arvest’s Facebook page or by visiting this link.
In the four-year history of the “We Love Teachers” campaign, Arvest has awarded a total of $167,000 to more than 330 teachers.