Bismarck, ND - Students who participated in the Stock Market Game showed more financial knowledge (51 percent) compared to 48.3 percent of those who took the Jump$tart financial survey in 2008. One of the most effective ways to teach kids about money and investing and how our capital system works is through interactive classroom tools such as The Stock Market Game. The Stock Market Game (SMG) is a popular online educational tool available to North Dakota teachers and students and coordinated by the North Dakota Securities Department. SMG is a ten-week simulation of Wall Street trading that provides a framework for teaching students in grades 4-12 about the American Economic System.
Offered in the fall and spring semesters, SMG is played on the Internet and is designed for classroom use as a motivational tool to increase understanding of the stock market, the costs and benefits involved in economic decision-making, the sources and use of capital and other related economic concepts, said Diane Kambeitz, North Dakota Coordinator for the Stock Market Game, with the North Dakota Securities Department.
The fall game begins October 6, 2008, so it is not too late to register. Registrations will actually be accepted until three weeks after the game begins (October 27), so go to www.stockmarketgame.com and click register now to start the process.
The stock market game is a great vehicle for teaching everything from finance to math, to current events, to politics, to saving money, to working in cooperative groups. I would encourage any teacher to get involved in SMG, said Kambeitz.
SMG is a free resource to North Dakota schools courtesy of the Securities Department. It is the fastest growing classroom-based investor education program in the country. This past year 700,000 students across the country played the game.
The Stock Market Game is an opportunity for students to not only learn about the market and how it affects our economy, but also to think about wise investing and saving for their financial futures, concluded Kambeitz. If you need more information on the Stock Market Game, call 1-800-297-5124 or 701-328-2910 (Bismarck local).