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SALT LAKE CITY — The Beehive State is launching a new program to help students from elementary through high school gain a greater understanding of the stock market.
Utah State Treasurer Marlo Oaks on Monday announced the Utah Treasurer’s Investment Challenge, administered by the State Treasurer’s Office and the Utah Financial Empowerment Coalition, replacing the former Stock Market Game.
The Statewide Investment Challenge is a 10-week Wall Street investment simulation open to students in grades 4-12, as well as home-schooled students, that teaches them how to navigate and utilize the United States economy and financial markets. Provides knowledge about the framework.
“When integrated with other curriculum, the simulation helps students understand the dynamics of the stock market, how expectations of future revenue and earnings growth drive stock prices,” Oakes said in a release. “The risks involved in short-term market fluctuations and other investment concepts.”
During a 10-week simulation, teams of three to five students will invest a hypothetical $100,000 in common stocks and diversified investment funds traded on major stock exchanges such as the Nasdaq Composite, the New York Stock Exchange and the S&P 500.
Throughout the simulation, teams will submit their transactions and can monitor their portfolios. At the end of the simulation, the three teams in each division – ranked based on the final value of their investment portfolios – will be recognized at an awards banquet.
Funded through donations from community partners, there is no cost to teachers or schools for student participation.
“The Utah Treasurer’s Investment Challenge is a simulation of Wall Street trading that provides a framework for teaching Utah students about the U.S. economy and financial markets. This challenge helps students understand the stock market, the costs and benefits involved in The challenge is designed for use in the classroom to help “explain economic decision making, the sources and uses of capital, and other related economic concepts in a manner integrated with other curriculum,” says the Challenge’s website. It is intended to be a catalyst for further study and interest in free enterprise capitalism.”
More information and registration steps can be found here.
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Logan Stefanich is a reporter for KSL.com, covering southern Utah communities, education, business and military news.
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Source: www.ksl.com
