"A PICTURE IS WORTH A THOUSAND WORDS"

Annual Economics Poster Contest for Students in Grades K-8

Deadline Extended May 2, 2008
 

Sponsored by:

View 2007 Poster Contest Winner Names

TEACHERS

• Stimulate interest in the fundamentals of our economic system.
• See your students learn about the economy and have fun doing it.
• Give your students an opportunity to creatively demonstrate their understanding of the economy.
• Students will compete in their appropriate grade level:  K-2, 3-5, 6-8.

ALL THEY NEED TO DO IS...

    Illustrate one of the following concepts in a poster:

RULES

1. All posters submitted must be original entries drawn horizontally (landscape) on an 8 1/2" x 11" white sheet of paper.
2. The drawing should illustrate one of the six economic topics listed above.
3. The economic concept illustrated must be:
       -printed at the top of the poster
       -spelled correctly
       -written in large lettering.
4. The following information MUST appear on the back of each poster.
       -student's name
       -school
       -grade level
       -teacher's name and email
5. DO NOT FOLD ENTRIES.  Please mail flat.  ENTRIES MUST BE RECEIVED BY MAY 2, 2008.  All entries become the property of the Kansas Council on Economic Education.
6. TEACHER NOTE:  Please print, complete and return entry form with poster entries.     

SCARCITY:  World resources are limited, so we cannot produce or have everything we could possibly want.  We must make choices about how best to use the limited resources we have.  Economic systems allocate our limited resources in ways that give us the most satisfaction from the good and services produced.

OPPORTUNITY COSTS:  What we give up when a resource is used for one purpose (then it cannot be used for something else).  For example, if you have 50 cents and choose to buy a candy bar, you give up the enjoyment of eating an ice cream cone.  If the baker uses a bag of flour to bake bread, she cannot use the same bag of flour to bake cakes.

PRODUCERS AND CONSUMERS:  Producers are the people and/or firms which make and supply the goods and services provided in the economy.  Consumers use the goods and services produced to satisfy their wants and needs.  Individuals are both producers and consumers.

GOODS AND SERVICES:  Goods are tangible objects desired by consumers and supplied by producers.  Services are intangible outputs produced in the economy.  Example of goods would be:  a car, books, furniture;  services include things such as:  teaching, medical services, police and fire protection.

PRODUCTIVE RESOURCES:  There are three basic kinds of resources used to produce goods and services. They include natural resources (trees, land, water), human resources (people), and capital resources (tools, computers, buildings). Money is not a productive resource.

SPECIALIZATION: A situation in which people produce a narrower range of goods and services than they consume. Specialization increases productivity; it also requires trade and increases interdependence. An example:  labor specialization is achieved when a process is broken into many small tasks (division of labor).

Congratulations, 2007 Poster Contest Winners!

Teachers will receive a $50 Classroom Grant for each winning poster!

Posters will be scanned and placed on this page soon!
 

Goods & Services

K-2 Emily J., Seltzer Elementary, Wichita, KS - Miss Olson

3-5 Kinzie, R., Phillipsburg Elementary, Phillipsburg, KS - Mrs. Minkler

6-8 Haley H., Indian Hills Middle School, Prairie Village, KS - Mrs. Schieszer

Scarcity

K-2 Kinzee H., Phillipsburg Elementary, Phillipsburg, KS - Mrs. Minkler

3-5 Caitlyn L., Effingham Elementary, Effingham, KS - Mrs. Gigstad

6-8 Hamilton R., Moody Elementary, Overland Park, KS - Ms. Gray

Productive Resources

K-2 Riley M., Brookwood Elementary, Leawood, KS - Mrs. Looney

3-5 Jacob B., Baldwin Elementary Intermediate Center, Baldwin City, KS - Ms. Dorsey

6-8 Ann S., Brookwood Elementary, Leawood, KS - Ms. Billingsly

 
Opportunity Cost

K-2 Maggie M., Phillipsburg Elementary, Phillipsburg, KS - Mrs. Minkler
3-5 Colton M., Morgan S., Baldwin Elementary Intermediate Center, Baldwin City, KS - Ms. Dorsey

6-8 Evan B., Brookwood Elementary, Leadwood, KS - Ms. Ball

 Specialization

K-2 - No entries

3-5 - No entries

6-8 Mimi R., Brookwood Elementary, Leawood, KS - Ms. Billingsly

 Producers & Consumers

K-2 Drew S., Phillipsburg Elementary, Phillipsburg, KS - Mrs. Minkler

3-5 Chantelle S., Longfellow Middle School, Hill City, KS - Mr. Parker

6-8 Kayla K., Brookwood Elementary, Leawood, KS - Mrs. Worth

Saving & Investing

K-2 Matthew W., Overbrook Attendance Center, Overbrook, KS - Ms. Russell

3-5 Sammy B., Longfellow Middle School, Hill City, KS - Mr. Parker

6-8 Keri T., Jackson Heights, Holton, KS - Ms. Cochren

Spending & Credit  

K-2 Erin P., Phillipsburg Elementary, Phillipsburg, KS - Mrs. Minkler

3-5 Jace G., Phillipsburg Elementary, Phillipsburg, KS - Mrs. Minkler

6-8 Alex L., Jackson Heights, Holton, KS - Ms. Cochren