Drawing for Dollar$

 

Deadline for Submissions:
Friday, May 1, 2020
Winner Notifications:
Friday, May 15, 2020
Virtual Award Presentation:
Wednesday, May 20, 2020

Official Rules

  • Each student may submit only one entry.
  • The poster must be the original work of the student.
  • Posters must be on a white background and 8 1/2″ X 11″ in size.
  • Posters must be in color; markers, crayons, map pencils and paint are appropriate and encouraged.
  • The economic or personal finance concept illustrated must printed on the poster and spelled correctly.
  • Poster must accurately portray the economic or personal finance topic drawn.
  • Student must be enrolled in an Oklahoma school and a teacher or principal named on the entry form for verification.
  • A student entry form must be taped to the back of the poster.
  • Posters must be mailed to: Oklahoma Council on Economic Education, 100 N University Dr., Box 103, Edmond 73034 and postmarked by the date specified.
  • All entries become the property of the Oklahoma Council on Economic Education and may be used for publicity purposes.
  • A three-person panel will judge the posters, and the judges’ decisions are final.
  • Division categories are: Pre-K – 2nd grade, 3rd – 5th grade, 6th – 8th grade and 9th – 12th grade. There will also be a Overall Oklahoma Academic Standard winner. Students with the winning poster in each category will be awarded a $50 prize. Note: Prizes are provided when sponsorship dollars are available. School Closure Update: There will not be an Overall Oklahoma Academic Standard award winner this year.
  • 1st and 2nd place winners and their teachers and families will be invited to the Financial Literacy Month Celebration to receive their prize and award from the Oklahoma State Treasurer. Note: Award presentation is held when sponsorship dollars are provided. School Closure Update: Awards will be announced by the Oklahoma State Treasurer in a virtual presentation on Wednesday, May 20th. Date is subject to change due to the Treasurer’s schedule. Winners will be notified in advance.
  • The judging criteria will be based on Creativity (20%), Accuracy of Concept (40%) and Interpretation of Concept (40%).

Draw a Picture About:
(a few ideas to get you started)

  • Capital Resources: Capital resources are tools and equipment used to make goods and services.
  • Consumers: Consumers are people who buy goods and services. Are you a consumer?
  • Economic Wants: Economic wants are desires that can be satisfied by consuming a good, service or leisure activity.
  • Entrepreneur: An entrepreneur is someone who takes the risk to develop a new product or start a new business.
  • Goods and Services: Goods are object you can touch or hold, and services are actions one person does for someone else.
  • Human Resources (Labor): Human resources are the people who work to produce goods and services.
  • Income: The amount of money received in exchange for labor.
  • Interdependence: Interdependence occurs when people or countries depend on someone else to provide the goods and services they consume.
  • Interest: The money earned on our savings.
  • Investing: In economics, investing occurs when people use money to purchase capital goods. In finance, investing occurs when people put money in long-term savings options like stocks and bonds.
  • Market: A market exists whenever people buy and sell goods and services. Markets are where prices are determined.
  • Natural Resources: Natural resources are materials found naturally and they are used in the production of goods and services. Examples are water, soil, minerals and sunshine.
  • Opportunity Cost: When you make a decision, the most valuable alternative you give up is your opportunity cost.
  • Price: The price is what people pay when they purchase a good or service.
  • Producers: Producers are people who make goods or provide services.
  • Productive resources: Productive resources are the natural, human and capital resources that are used to produce goods and services.
  • Productivity: Labor productivity measures how many goods and services are produced per worker.
  • Profit: Profit is the difference between the money people make when they produce and sell a good or service and all their costs of production.
  • Saving: Saving is the part of a person’s income that is not spent for goods and services or used to pay taxes.
  • Scarcity: Scarcity is the condition of not being able to have all of the goods and services that you want.
  • Specialization: People specialize when they produce only some of the goods and services they consume, then trade with others to get more of the things they want.
  • Supply and Demand: Producers supply goods and services. Consumers demand them. Prices in the market are determined by the interaction of supply and demand.
  • Trade and Money: People trade (exchange) with each other to get the goods and services they want. To make trade easier, people use money.
  • Trade-offs: Trade-offs means getting a little less of one thing in order to get a little more of another.
  • CORRELATIONS TO THE OKLAHOMA ACADEMIC STANDARDS

Entry Forms

To download a copy of the Teacher/Class Entry Form, CLICK HERE

To download a copy of the Individual Student Entry Form, CLICK HERE