The Minnesota Council on Economic Education is proud to be hosting its first-ever poster competition. Open to all K-12 students, this contest challenges students to showcase economic concepts through art.
Students will enter in one of three categories, based on their grade:
- Grades K-5
- Grades 6-8
- Grades 9-12
Submissions should be on one of the following concepts:
- Natural Resources: Natural resources are materials or substances gained from nature that can be used in the production of goods and services
- Market: A market exists whenever people buy and sell goods and services. Markets are where prices are determined.
- Consumers and Producers: Consumers are people who buy goods and services. Producers are the people who make goods or provide services. Producers supply goods and services and consumers demand them.
- Opportunity Cost: When you make a decision, the most valuable alternative you give up is your opportunity cost. There is always an alternative to any decision, so every decision has an opportunity cost.
- Trade: Trade is the voluntary exchange of goods and services for money or other goods and services. When trade is voluntary, both people benefit.
- Entrepreneur: An entrepreneur is someone who recognizes an opportunity, brings together materials and resources, and takes the risk to develop or improve a business product or idea.
- Incentives: In economics, incentives are what motivates people to act in a certain way; often incentives encourage people to pursue their preferences.
- Preferences: Preferences are things that people 'like' and will choose to do, consume, or use.
- Productivity: Productivity is the amount of a good or service that is produced as a result of the labor used to produce it.
- Human Resources (Labor): Human resources describe the human work effort, both physical and mental, that are used to produce goods and services.
- Productive Resources: Productive resources are the resources used to produce goods and services. Note: entries must include include natural resources (land), human resources (labor), and capital resources (capital).
- Economics in Daily Life: How do economics impact everyday life, from the water in your faucet to the food in your refrigerator?
Teachers may enter as many submissions as they like, but only 12 outstanding students' work will be used in a calendar to be distributed by the Council to our corporate and community partners, volunteers, and other stakeholders.
Chosen students will receive a copy of the calendar, as well as the top student in each category will receive a cash prize!
- Submissions must be completed horizontally on a 8.5"x11" sheet of paper.
- The student's name and age should be written legibly on the back of the submission in pencil or pen.
- Teachers must complete the online registration form prior to submitting their submissions.
- The topic of the submission must be indicated clearly, written using correct spelling.
- All entries become the property of MCEE and may be used for publicity purposes.
- The use of brand names is discouraged.
- Entries must be postmarked no later than April 15, 2020.