- Math : Market changes from one day to next, addition, subtraction, mixed numbers, fractions, percentage change, relative changes, average, mean, median, range, mode-over time, standard deviation, graphing-encourage diversification of portfolios, pie/circle graphs, algebra-line of fit, charting projections - Language arts :, -reading (newspapers/periodical, current events assignments, reading annual reports, history of a company, history of the dow-other financial markets) -writing: INVESTWRITE, writing letters inviting guests speakers/brokers, requesting information, CEO focus papers - speaking and listening, -research - Social Studies : -economics: supply and demand-how it influences the market and company’s decisions, forms of business-partnership, sole proprietorship, competition-monopoly -civics and government: role government plays in regulation of the markets, impacts on business/investors, IRS, role of the Federal Reserve -geography: why businesses are located where they are, what industries are located where/why, what businesses/industries are located in your community -history: financial/economic environment, crash of the market, great depression, economics of War, history of financial markets, how the NYSE came about -current events: In the News-how what happens in the news affects the market, specific companies or industries - Correlated at national level to standards in business, economics, and math
Transcript of "The Stock Market Game™ in the Math Classroom"
The Stock Market Game™ in the Math Classroom
What is the SMG? The Stock Market Game (SMG) is a ten-week simulation of Wall Street trading that provides a framework for teaching Utah students about the American economic system.
How Does it Work: For ten weeks, during the fall and spring school semesters, students invest a hypothetical $100,000 in common stocks on the New York and American Stock Exchanges and on the Nasdaq market. During the ten weeks, teams submit their transactions and receive daily portfolios highlighting their current holdings, brokerage fees, margin interest, and team ranking.
Teacher Support: Twice a year, a free conference is held at the Homestead Resort in Midway, Utah to help introduce teachers to the Stock Market Game. This training will help you become more familiar with the game. You can also go to http://www.stockmarketgame.org to learn more about the program.
What Students Will Gain: Students who participate in the program gain confidence and build self-esteem. They have fun — and learn more effectively as they see how their classroom lessons apply to the real world.
Why in Math: The game not only reinforces many mathematical concepts, but it is a real-life application of everyday math. The game also teaches critical thinking and problem solving.
Math Standards <ul><li>National Standards: www.stockmarketgame.org </li></ul><ul><li>State Standards: </li></ul><ul><ul><li>6 th Grade </li></ul></ul><ul><ul><li>Pre-Algebra </li></ul></ul><ul><ul><li>Algebra </li></ul></ul><ul><li>Information available in training. </li></ul>
IMPROVEMENTS IN MATHEMATICS PERFORMANCE Students who played The Stock Market Game scored significantly higher on mathematics tests than their peers who did not play the game. http://www.learningpt.org/smg/smg_summary.pdf
Students are not the only ones to benefit from exposure to The Stock Market Game. Teachers of The Stock Market Game reported that the program influenced their financial practices. In a nationwide survey conducted as part of the study, many teachers reported that they were influenced to set financial goals, analyze their risk tolerance, read the business section of the newspaper, and watch financial programs as a result of teaching the game.
“ Teachers have discovered that the Stock Market Game program actually boosts attendance and reduces dropout rates.”
“ What students gain from The Stock Market Game is a remarkable experience – and even more important, an education for life!”
To Learn More: Go to www.stockmarketgame.org Review the handout Contact: Julie Felshaw Utah Council on Economic Education 801-538-7859 [email_address]
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