"A PICTURE IS WORTH A THOUSAND WORDS"

Annual Economics Poster Contest for Students in Grades K-8

Please submit your posters by April 14, 2010

Sponsored by:

Congratulations, 2009 Poster Contest Winners!

 You have won a $50 Classroom Grant for your classroom!
 

Click here to view winning posters.

Goods & Services
K-2 Alyssa F., Cottonwood Elementary, Andover, KS – Ms. Highfill
3-5 Nicole S., Comanche Intermediate, Dodge City, KS – Ms. Bell
6-8 Kara H., Westridge Middle School, Overland Park, KS - Ms. Morris

Producers & Consumers
K-2 Aundrea H., Luray-Lucas Elementary, Luray, KS – Ms. Schultz
3-5 Rachel F., Saint George Elementary, St. George, KS – Mrs. Bell
6-8 Jenna S., Trailridge Middle, Shawnee Mission, KS – Ms. Stolle

Productive Resources
K-2 Jonathon G., Brookwood Elementary, Leawood, KS - Mrs. Looney
3-5 Liam C., Highlands Elementary, Prairie Village, KS - Ms. Hollingsworth
6-8 Isaac B., Indian Woods Middle, Overland Park, KS – Ms. Schram

 Opportunity Cost
K-2 Kallie L., Wilson Elementary, Hays, KS – Mrs. Leiker
3-5 Libby G., Christa McAuliffe Elementary, Lenexa, KS – Mrs. Beauchamp
6-8 Hannah W., Indian Hills Middle, Shawnee Mission, KS – Mrs. Schieszer

  Scarcity
K-2 Saylor S., Silver Lake Grade School, Silver Lake, KS – Mrs. Musselman
3-5 Emily T., Christa McAuliffe Elementary, Lenexa, KS – Mrs. James
6-8 Samantha S., Westridge Middle School, Overland Park, KS – Ms. Morris

Specialization
K-2 Dillon B., Silver Lake Grade School, Silver Lake, KS – Mrs. Musselman
3-5 Emily W., Seneca Grade School, Seneca, KS – Ms. Becker
6-8 Megan F., Wilbur Middle School, Wichita, KS – Ms. Brotton

2008 Winners

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 or cardstock.
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 POSTMARKED BY APRIL 14, 2010.  All entries become the property of the Kansas Council on Economic Education and may be used for publicity. 
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).