KCEE Dollars & $ense
The Kentucky Council on Economic Education’s Calendar Art Contest is a partnership of KCEE and Citizens Union Bank (CUB) for Kentucky students K-8, is designed to help teachers stimulate interest in learning basic economic & personal finance concepts. To be entered in the contest each student is responsible for drawing an economic or personal finance concept. Drawings will be judged on accuracy as well as artistic merit.
Twelve students will be awarded $50 Savings Accounts with CUB Bank AND their drawing will be displayed in a calendar to promote financial literacy!
Winning classes will receive a set of the 2013 calendars. Teachers of winning students will receive free curricula provided by Kentucky Council on Economic Education. ENTRY FORM
· Entries only valid for K-8 students served by CUB Bank: Shelby, Spencer, Bullitt, Jefferson, Oldham, Larue and Hardin.
· Each student may submit only one entry and must be the original work of the student.
· Posters must be on a white paper or poster and horizontally on 8 1/2″ X 11″ paper.
· Posters must be in color; markers, crayons, colored pencils and paint are appropriate and
· The economic or personal finance concept or set of concepts illustrated must be printed on
· the poster.
· Poster must accurately portray the economic or personal finance topic drawn.
· A student entry form must be taped to the back of each poster (make as many copies of form as needed).
· Posters must be mailed to: Kentucky Council on Economic Education, 11601 Bluegrass Parkway, Louisville, KY 40299 and postmarked by November 9, 2012.
· All entries become the property of the Kentucky Council on Economic Education and may be used for publicity purposes.
· A three-person panel will judge the posters, and the judges’ decisions are final. The judging criteria will be based on Creativity (20%), Accuracy of Concept (40%) and Interpretation of Concept (40%).
· Twelve winning entries will be selected.
· Students with the winning posters will be awarded $50 savings accounts at CUB Bank.
· Teachers of winning students will receive classroom financial and economics curricula from KCEE and a set of calendars!
· Calendars will be displayed in CUB Bank lobbies!
Scarcity: the condition of not being able to have all the goods and services that you want.
Consumers & Producers: Consumers are people who buy goods and services. Producers are people who make goods or provide services.
Goods and Services: Goods are object you can touch or hold, and services are actions one person does for someone else.
Opportunity Cost: The next best alternative we give up when we make a choice.
Interdependence: Occurs when people or countries depend on someone else to provide the goods and services they need.
Markets: Markets exist whenever people buy and sell goods and services.
Productive Resources: The natural, human, and capital resources that are used to produce goods and services. Natural resources are the many things nature provides that we use to satisfy our wants. Capital resources are the goods that are used to make other goods or to provide services. Human resources are found in people, such as their skills and ideas.
Entrepreneur: An entrepreneur is someone who takes the risk to develop a new product or start a new business.
Profit: The money a business makes after it pays its production costs
Saving: Saving is money you keep to spend later.
Income: The amount of money received in exchange for labor.
Taxes: Taxes are required payments people make to the government. They are the main way people pay for their government.