Agriculture News

May 10, 2016  

Indiana Stock Market Game to hold annual awards program

WEST LAFAYETTE, Ind. - The Purdue University-based Indiana Council for Economic Education will present its annual Stock Market Game awards program Friday (May 13) at Conner Prairie in Fishers.

Indiana Secretary of State Connie Lawson will address the audience during the invitation-only program.

The Indiana Stock Market Game is a classroom stock simulation in which students receive a fictitious $100,000 to invest in a portfolio over 10 weeks. The program is part of ICEE's Smart Indiana Personal Finance Project. This project is supported by a grant from the Indiana Secretary of State's office funded through fines from Indiana investment fraud violations.

This academic year, nearly 10,000 elementary, middle and high school students across Indiana participated. Through the simulation, students are introduced to concepts related to financial decision-making, specifically those involving saving and investing. Student teams can see how their portfolio is performing compared with other teams around the state. By monitoring their portfolios in real time, students get excited about learning; while they are having fun, they put some of that knowledge into practice. At the state awards program, winners of the info-graphic poster contest and essay contest will be recognized.

"The Stock Market Game is the most authentic, useful, real-life training I have ever been able to offer my students," said teacher Karen Markman of Arsenal Tech High School in Indianapolis. "There is a lot of lip service paid about how to teach low-income students how to build wealth. This is the first hands-on application of how to do this that my students have been able to experience. As long as I continue to teach economics, my students will participate in this game."

Research studies have suggested that students who participated in the game had higher scores in economics and math compared with their peers who did not play the game.

Jeff Sanson, executive director of the ICEE, said, "The Stock Market Game program provides teachers with an excellent tool for incorporating financial decision making into the classroom. In addition, students are reinforcing the skills they have learned in math, language arts and other subjects."

The ICEE has presented the Stock Market Game in Indiana since 1989. Hundreds of thousands of students in Indiana have participated in the program. 

The ICEE is an academic outreach center within Purdue's Department of Agricultural Economics. Established in 1954, it is the lead unit in an 11-institution network of university centers for economic education. Both the ICEE and the university centers are affiliated with the national Council for Economic Education. The 11 universities, in addition to Purdue, are Ball State University, Indiana State University, IU East, IU Kokomo, IU Northwest, IU South Bend, IU Southeast, Indiana University-Purdue University Fort Wayne, Indiana University Purdue University Indianapolis and the University of Southern Indiana.

Writer: Jessica Eise, 765-494-0974, jeise@purdue.edu 

Source: Jeff Sanson, 765-494-0188, jjsanson@purdue.edu

Note to editors: Representatives of the news media are welcome to cover the event, which begins at noon. Conner Prairie is at 13400 Allisonville Road, Fishers.

Agricultural Communications: (765) 494-2722;
Keith Robinson, robins89@purdue.edu
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