Home » NEWS » Education » SELENA SWARTZFAGER — Learning economics in a worldly classroom

SELENA SWARTZFAGER — Learning economics in a worldly classroom

Clinton High School, playing the role of Denmark, won of the recent International Economic Summit, sponsored by the Mississippi Economic Educational Council..

Clinton High School, playing the role of Denmark, won of the recent International Economic Summit, sponsored by the Mississippi Economic Educational Council..

By Selena Swatrzfager

Welcos, Devcos, Lescos … oh my!

I recently had the opportunity to meet trade ambassadors from South America, Africa and Asia.  They came from countries such as Brazil, Ghana and Laos.

These ambassadors had the responsibility of importing and exporting goods and services for their countries.

While negotiating with ambassadors from other countries, they were also investing in longterm capital projects, giving and receiving foreign aid, and paying tariffs on goods and services bought from countries outside of their trade alliance.

While I observed these ambassadors during their negotiations, I was in awe of how they knew exactly how many exports they had to trade and how many imports they needed to meet the demand of the people in their country.  The research this must have required!

In speaking with the ambassadors from Morocco, I learned they needed to import four units of food products.

Unfortunately, there was a worldwide shortage of food products which required them to trade four units of tourism plus one unit of raw materials plus one unit of financial services in exchange for four units of food products.

What will surprise you the most is that I observed all of this taking place right here in Mississippi.

And you know what else?

These trade ambassadors were actually middle and high school students participating in the Mississippi Council on Economic Education’s International Economic Summit.

This annual event draws more than 250 students to Mississippi College where they have the opportunity to practice what they have learned in their classrooms.

MCEE provides two-day training to middle and high school teachers each summer so that they have the knowledge and curriculum to teach this complex subject to their students.

They leave the training and head back to their classrooms equipped to create classrooms of trade ambassadors.

The curriculum is in-depth, engaging, hands-on, real world and challenging.  The program engages students with their left and right brains via research, debate, creativity and critical thinking.

Currency conversion is necessary as high income countries use “Welcos,” middle income countries use “Devcos,” and low income countries such as Morocco use “Lescos.”

Dr. Becky Smith, economist and faculty member at Mississippi State University, says that a high school economics teacher can use this program to teach everything our students are required to know about economics.

She reminds me repeatedly that in high school economics we should be educating our students to “do what economists do.”  She continues to enlighten me as I work to guide MCEE in the direction where economics is fun and cool.

As a result of participation in the Mississippi Summit, several students from the Delta and southwest regions of our state have the opportunity to participate in a summit taking place in China this July.

They are currently working to raise half the funds this experience will cost with a commitment from a funder to pay the remainder of the expenses.

Tell me that this wouldn’t be life changing for these young people who are served by a program that is working to ensure they attend college.

Contact me if you would like to help them pursue this experience.

The next teacher training, which is required before a teacher can enroll his or her students to participate, will take place in June at Millsaps College.

Businesses wishing to sponsor a teacher for this training can do so for $500.

Student teams will come together again in December and need sponsors for the $100 team fees.

For more information you can contact MCEE at 601-974-1325 or mscee@millsaps.edu.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About For the MBJ

One comment

  1. joneal4@gmail.com

    Every citizen of planet earth should understand as much about economics as possible. Without it, you cannot do anything, either for yourself, your family, your profession (or employer, or company or whatever), or the place you live (earth, in case some rethugs do not acknowledge that). Economics is even important for spiritual life: we have to know what “value” is or our existence has been for naught.

    Economics is not a science. Economics is social science, like sociology. It is always in flux, never mathematically provable (Einstein’s theory of relativity, which ultimately brought us nuclear energy and nuclear weapons, is provable). Economics is closer to philosophy than to science.

    Get with the program. Humans have very limited cognitive ability, but this is one thing we can’t afford to ignore.

Leave a Reply