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06-07See inside foryour invitation tothe 2007Annual Awards ProgramICEE EXECUTIVE DIRECTOR TORECEIVE NATIONAL AWARDHarlan Day, Executive Director of theIndiana Council for Economic Education wasselected to receive the John C. SchrammLeadership Award from the NationalAssociation of Economic Educators at theNCEE Annual meetings in Denver (inOctober 2007). The Schramm Award isgiven to one individual annually whoseleadership has had an extraordinary, positiveimpact at both the state and national levels.Dr. Day’s long history with economiceducation, as a teacher, Indiana Departmentof Education Economic EducationConsultant, and ICEE Director for the pastten years, and his service to the NationalCouncil of Economic Education and NationalAssociation of Economic Educators on manylevels made him an obvious choice for thisprestigious award.OLIN DAVIS AWARDSThe Olin W. Davis Awards for ExemplaryTeaching of Economics in Indiana sponsoredby the Indiana Council for EconomicEducation (ICEE) are built on the foundationProfessor Davis established. We honor himwith this fitting tribute. These awards arefunded by Indiana Farm Bureau & FarmBureau Insurance.Award recipients are selected based ontheir professional training and teachingexperience, their classroom projects ineconomic education, their influence onschool economic education programs, andtheir involvement in activities outside theclassroom that promote economiceducation.2007 Olin W. Davis Award for Excellencein Teaching Economics Awards:Statewide WinnerKristina Pressley,Lowell Elementary School, MSD, WarrenTownshipRegional WinnersChristina Abbott,Crooked Creek Elementary, MSD,Washington TownshipCarol Elson,Frances W. Parker School (IPS #66),Indianapolis Public SchoolsRobert McLeaish,Crooked Creek Elementary, MSD,Washington TownshipLinda Roome,Frances W. Parker School, (IPS #66),Indianapolis Public SchoolsHonorable MentionJulia Christner,Darrough Chapel Elementary School,Kokomo, Center TownshipStaci Eller,Tri Central Elementary School, NorthernCommunity Schools of TiptonNatalie Keck,Darrough Chapel Elementary School,Kokomo, Center TownshipKerry McCafferty,Acton Elementary School, FranklinTownship Community SchoolsSupported By:

2Camden BohnSt. Joseph Grade School, South BendTeacher: Joan KraskaCALENDAR CONTESTICEE sponsored its annual EconomicsCalendar Contest for students in grades 2-8.Teachers submitted a total of 269 studententries. ICEE will distribute a 2007 Indianacalendar, featuring all 12 state winners,courtesy of Printing Partners, Indianapolis.ANNUAL ECONOMIC CONCEPTCALENDAR CONTESTThis contest is held to stimulate interest inthe fundamentals of our economic systemand to encourage students to demonstratetheir understanding of economics in acreative, interesting way. The 2007 contestrequired students to illustrate in poster formone of the following concepts: goods andservices, scarcity, human resources, saving andinvesting, opportunity cost, specialization, andcapital resources.The annual contest is open to studentsfrom second through eighth grade. Studentsare encouraged at an early age tounderstand these concepts through contests,curriculum, and training made availablethrough the Indiana Council for EconomicEducation.The 12 winning economic posters arepictured throughout this report, and in the2008 ICEE Economic Concept Calendar,which was published through the generosityof Printing Partners, Inc. of Indianapolis.Tiffany BrysonSouth Grove Intermediate, Beech GroveTeacher: Lou Ann PieperWinning entries are pictured throughoutthis report. Supported By:Grace DeBrotaSycamore School, IndianapolisTeacher: Sheila Hyatt

ECONOMICS CHALLENGEGRADUATE CREDIT PROGRAMS3For the second time in five years, a teamof Carmel High School students has won theNational Economics Championship, whichtook place May 19-21 in New York City.Adam Aisen, Joey Buser, Harry Murzyn, andSteven Yee competed in the AdvancedPlacement category, defeating three otherteams that qualified for the finals. CarmelHigh School’s team took part in the nationalevent as a result of winning the Midwestcompetition in Chicago.“The performance of this team wasabsolutely outstanding,” said Michelle Foutz,who teaches economics at the high schooland sponsors the team. “These young menbeat the private school from Hawaii that hadwon the national championship the last twoyears.”Foutz noted that the Carmel team was infourth place in the four-team competitionduring the first round, but rallied to qualifyfor the finals, where it beat Belmont to winthe national title.Foutz said, “Whether these studentschoose to major in economics in college,participation in this program created agreater enthusiasm and appreciation for thestudy of economics, which will remain withthem throughout the rest of their lives.”Winners at each of the three sites were:Mishawaka site:Adam Smith DivisionFirst Place: St. Joseph High School, South BendSecond Place: Penn High School, MishawakaDavid Ricardo DivisionFirst Place: Elkhart Memorial High SchoolSecond Place: The Culver AcademiesIndianapolis site:Adam Smith DivisionFirst Place: Carmel High SchoolSecond Place: Brebeuf Jesuit PreparatorySchoolDavid Ricardo DivisionFirst Place: Carmel High SchoolSecond Place: Burris Laboratory SchoolNew Albany/Sellersburg site:Adam Smith DivisionFirst Place: Madison Consolidated HighSchoolSecond Place: Columbus East High SchoolDavid Ricardo DivisionFirst Place: Madison Consolidated HighSchoolSecond Place: Columbus East High SchoolPRE-SERVICETo ensure that new K-12 teachers enterthe classroom armed with sound economicscontent and best teaching practices, ICEEcontinued initiatives to encourage Schools ofEducation to offer the undergraduate course,Economics for Future Teachers. The Purdue,IUPUI, IU Kokomo, and ISU Centers reached217 education students with this three-creditcourse.Each summer the Indiana Council forEconomic Education (ICEE) sponsorsintensive, graduate-credit workshops for K-12teachers. These workshops cover a variety ofeconomic topics and take place at the ICEE‘sUniversity Centers. Teachers learn economicconcepts and also develop curriculum unitsto use with their students. Thanks to ourmany generous contributors, the ICEE offersfull or partial tuition scholarships to thoseattending the workshops, which over theyears have become the “flagship” program ofthe ICEE.Three hundred and twenty (320) Indianateachers received scholarships to attend oneof 20 intensive graduate-credit programs.Participants learned basic economic, business,and financial concepts and then developedcurriculum units to use with their students.IN-SERVICE PROGRAMSICEE reached 2,311 teachers andeducators via regional in-service programsand intensive summer workshops. Teacherswere trained in such programs as:• Energy, Economics & the Environment• Play Dough Economics• Mini-Economy• Half-Pint and Pint-Size Economics• Globalization• Teaching Economics Using Children’sLiterature• Mathematics and Economics• Virtual Economics• International Economics.Ethan DuncanMilroy Elementary School, MilroyTeacher: Roberta PorterJohanna GuentertSt. Joseph Grade School, South BendTeacher: Joan KraskaMorgan KimmellOur Lady of Lourdes, IndianapolisTeacher: Nichole Buzzard

4INVESTWRITE ESSAY COMPETITIONNATIONAL FINALISTSIndiana had two top-ten finalists in theStock Market Game’sTM InvestWrite essaycompetition in 2006-07. In the fall essaySTATE STOCK MARKET GAME WINNERSEmma LeisingOur Lady of Lourdes, IndianapolisTeacher: Kristen ChristenberryFall 2006Elementary DivisionSchool: Carroll Elementary School, FloraTeacher: Mike HyamnPortfolio value: $118,661.04Spring 2007Elementary DivisionSchool: Yorktown Elementary School, YorktownTeacher: Shanan RieglePortfolio value $107,571.24competition, Olivia LaMagna from St. LukeSchool in Indianapolis finished 8th nationally.Olivia and her teacher, Beth Herick, bothreceived gift cards in recognition of theirachievement. In the spring competition,Intermediate School DivisionSchool: Central Middle School, KokomoTeacher: Mary PagePortfolio value $119,909.48High School DivisionSchool: Homestead High School, Ft. WayneTeacher: Jeff LivenspargerPortfolio value $125,476.14Intermediate School DivisionSchool: Centerville Junior High School,CentervilleTeacher: Brent BiggsPortfolio value $108,598.27High School DivisionSchool: Columbus North High School, ColumbusTeacher: Karen RussellPortfolio value $147,380.42Marah MannersSouth Grove Intermediate, Beech GroveTeacher: Lou Ann PieperNora McGreevySt Joseph Grade School, South BendTeacher: Joan KraskaJulie Bowman from Castle High School inNewburgh wrote an essay which finished2nd nationally. Julie and her teacher, SharonOdom, received laptop computers and theclass got a pizza party. Great job, Indianastudents and teachers!INDIANA TEACHERS VISIT NYSEFour teachers from Indiana visited theNew York Stock Exchange Teachersworkshop this past summer courtesy of agrant to ICEE from the Office of the IndianaSecretary of State, Securities Commission.Linda Minton from Franklin TownshipSchools, Renae Stoudt from Marion HighSchool in Mishawaka, Doris Gierhan fromWest Noble High School in Ligonier, andDon Fortner from Munster High Schoolwere recipients of an award to go to theNYSE workshop.Teachers visited the trading floor severaltimes, shadowed a trading specialist, andwere even able to meet with John Thain, theNYSE Euronext CEO. In addition, Doris wasone of 12 teachers chosen to ring theclosing bell at the NYSE on August 6, 2007.Visit the NYSE website to see Doris, who isfifth from the right.http://www.nyse.com/events/1186398060302.html)Linda Minton said, “The workshop at theNYSE was a history lesson in itself…It’samazing that the CEO of NYSE Euronextwould take an hour from his very busy dayto talk to teachers. That lets us know hefeels what teachers are doing is veryimportant.”

PAUL SAMUELSON ENTERPRISE AWARDFOR COMMUNITY LEADERS2007 LAWRENCE SENESH AWARD FORSCHOOL ADMINISTRATORSHERSCHEL’S WORLD OF ECONOMICS5Dr. Anna Rominger, Dean of theSchool of Business and Economics at IndianaUniversity, Northwest, was selected toreceive the 2007 Paul Samuelson EnterpriseAward for Community Leaders for hersteadfast commitment to K-12 economiceducation, as evidenced by the strong andcontinuing institutional support to the Centerfor Economic Education and its’ K-12outreach programs. Nominated by INNorthwest Center Director John Gibson, hernomination was supported by Dr. Bala G.Arshanapalli and Vice-Chancellor MarilynVasquez.Dr. Rominger highlights the efforts of theCenter whenever possible, and has beeninstrumental in the center becoming a fixtureon the IUN campus, working with the ICEEafter the retirement of former director, Dr.Gary Lynch, and through the continuedsupport of this award winning center underthe direction of John Gibson.This distinguished award honorscommunity leaders who have demonstratedoutstanding commitment to economiceducation in their community. The award isgiven in honor of Paul Samuelson, a native ofGary, Indiana, who founded theMassachusetts Institute of Technology'sGraduate Department of Economics. Dr.Samuelson was the first American to receivethe Nobel Prize in Economics.Mary Banta, Principal of St. Louis deMontfort Catholic School, Indianapolis, wasselected to receive the prestigious LawrenceSenesh Award for School Administrators for2006-07. This award is given each year inhonor of Larry Senesh, the first professor ofeconomic education in the United States.While at Purdue, Dr. Senesh developed theidea of the organic curriculum, which isbased on the idea that children can learnfundamental economics at an early agethrough meaningful experiences. His ideaswere formulated into a series of elementaryschool textbooks entitled Our WorkingWorld, published by Science ResearchAssociates.The ICEE gives this award each year to anoutstanding school administrator who hasexcelled in promoting economic education intheir school or school corporation. In hercapacity as principal and 3rd grade teacher,Mary models the importance of economiceducation to the staff of her school byimplementing economic education projects.This year’s recipient was nominated byProfessor Robert B. Harris, Director,Mohammad Kaviani, Associate Director, andTerri L. Crews, Program Coordinator, IUPUICenter for Economic Education.Thanks to a grant from Teachers CreditUnion, ICEE will soon be rolling out a newDVD curriculum for K-5 students, Herschel’sWorld of Economics. This highly motivatingpuppet program introduces 11 keyeconomic concepts found in the new IndianaSocial Studies Standards and the NationalStandards. These concepts are also the focusof KidsEcon Posters©, Set A.http://www.kidseconposters.comProgram 1: Goods and ServicesHerschel learns that it takes work toproduce the goods and services that satisfypeople’s economic wants.Program 2: Producers and ConsumersHerschel discovers that goods and servicesmust first be produced. He also learns thatconsumers face many choices.Program 3: Productive ResourcesHerschel learns about all the productiveresources it takes to produce doggie treats.He even reveals his “secret” ingredient!Program 4: ScarcityHerschel learns that he has a scarcityproblem – he doesn’t have enoughproductive resources to produce all thedoggie treats his friends want.Program 5: Trade and MoneyHerschel has trouble trading his doggie treatsand his “homework” rock for Dr. Day’s candybar. What can Herschel do to get it?Program 6: Opportunity CostHerschel has a scarcity problem. He wantsboth of Dr. Day’s candy bars, but only hasenough money to buy one of them!Sarah PalmaSouth Grove Intermediate, Beech GroveTeacher: Lou Ann PieperRachael RothhaarRoyerton Elementary School, MuncieTeacher: Johnetta DolanMiriam StanisSt. Mary’s Catholic School, New AlbanyTeacher: Whitnie Payton

6DIRECTORS CIRCLEMr. Lloyd BenjaminIndiana State UniversityMr. Kevin BrinegarPresidentIndiana Chamber of CommerceMr. Michael CoxPresident & CEOFirst Merchants CorporationMr. Gerry DickGrow Indiana Media VenturesMr. Pat KielyPresidentIndiana Manufacturers AssociationDr. Suellen ReedSuperintendent Public InstructionIndiana Department of EducationRepresentative Sheila KlinkerIndiana State Representative2006-07 CORPORATE AND FOUNDATION HONOR ROLL$50,000 - $90,000Indiana Department of EducationSecretary of State,Indiana Securities Division$30,000 - $49,999Indiana Michigan PowerJohn W. Anderson FoundationNational Council on Economic EducationSchool of Agriculture, Purdue University$10,000 - $29,999Ball Brothers FoundationFort Wayne Community FoundationGeorge & Frances Ball FoundationPurdue Goldman SachsTCF BankTeachers Credit Union$1,000 - $2,499Caterpillar Inc.CTS FoundationFarmers State BankGrabill BankIndiana Bankers AssociationIndiana Department of Education (IDOE)Indiana Farm Bureau InsuranceIrwin Financial CorporationIUPUI Dept. of HistoryMuncie Power Products, Inc.Oakley Foundation, Inc.Purdue Quasi-Endowment SMSPurdue University Eckrich Fdn.$500 - $999Bar-Cons Federal Credit UnionGoelzer Investment Management, Inc.Kirby Risk Corporation$250 - $499A.G. Edwards & Sons, Inc.Bartholomew County REMCFirst Merchants Bank, NAHome Federal Savings BankIndiana Michigan PowerU.S. Bank$249 or lessAmerican United Appraisal Company, Inc.General Truck SalesMid-West Metal ProductsModern Educational SystemsPeckinpaugh Financial GroupSeldom Rest Farms, Inc.Wal-MartIn Kind ContributionsMr. Todd RokitaIndiana Secretary of StateMr. Ian RollandRetired ChairmanLincoln National Corp$5,000 - $9,999CIBERCitigroup FoundationCommunity Covenant FoundationLiberty Financial GroupLittler Diecast Corp.Mutual Federal Savings BankSimon Property GroupHarlan DayC. S. Kern IncPrinting PartnersJeffrey SansonJeffrey SmithMr. Don VillwockPresidentIndiana Farm BureauDuke Realty CorporationIndiana Farm Bureau, Inc.Purdue Quasi-Endowment-Gift FundSenator Thomas WeatherwaxIndiana State SenatorPurdue University School of Ag EconomicsPurdue University Senesh Endowment$2,500 - $4,999City Securities CorporationFoundation for Investor Education

2006-07 INDIVIDUAL CONTRIBUTOR HONOR ROLL$2500 +Thomas HefnerMs. Linda LentzNellie Lou MeyerRussell & Ruth Pulliam$1,000 - $2,499David GalliherPeter D. HarringtonJeff Smith$500 - $999Tony FiorilloJim RobinsonJoe Wilson$250 - $499Dr. Johnny AlseDavid BallardBeverly BrewerBetty BrownDr. Robert DaltonDr. Harlan DayDuane DiedrichPete & Cathy HarringtonDr. Robert HarrisStanley HollidayDr. Paul KochanowskiRobert RichardsonDr. Michael Watts$100 - $249Stefan & Joan AndersonJohn BarneyJames & Jessica ButcherDr. John ConantJoseph DiGirolamoLisa EllisonPaul FreemanRobert GlazierJoe GuilfoyThomas & Lisa HarrisonCharles & Charlotte HetrickGeorge HorwichMr. & Mrs. Chris JohnsonJames E. JovenWilliam KendallRay LarsonW.B. LechmanJohn & Marjorie MartinCasey MoellerDr. Kathy ParkisonDave PetritzBrad SkolnikJeffrey SpaldingMary Jane SursaDr. Ashton VeramallayRobert WhiteAmy WillisDeVon Yoho$99 or lessPatrick and Jane BottsWarren BrenimanJudith BrigantiJulia ChismarLinn & Susan CrullGreg CutchinMiriam Smulevitz DantVicki DemaoJohn DemerlyBill DoebblerCornelius and Mary DollisonChristopher FennerMary GrabianowskiRoberta GrayRyan C. KitchellBarbara LeathermanPeggy LehmanWilliam MarvelTom McCarthyChris McGrewSharon OdomJohn ParkerJohn PeckDaryl PenfoldJoe RueffJeff SansonTimothy SchillingShelly SurberSally Jo VasickoNancy VollmerRichard & Carol WoodPaul WoodlingEXECUTIVE COMMITTEEDavid K. Baker, Indiana American WaterPatty Brademas, Center Management Corp.Tom Brademas, Center Management Corp.Beverly Brewer, Indiana Council for Economic EducationJoe Breedlove, Indiana State AFL-CIOJim Butcher, Indiana Michigan PowerJohn Conant, ISU Center for Economic EducationGreg Cutchin, Purdue University CIBERMiriam Smulevitz Dant, AttorneyWayne Davis, Indiana Secretary of StateHarlan R. Day, Indiana Council for Economic EducationJohn Demerly, ABG, Inc.Lisa Ellison, Kokomo High SchoolChris Fenner, Indiana Farm BureauTony Fiorillo, Asset Management Strategies, Inc.Paul Freeman, Indiana Bankers AssociationRobert Glazier, Indiana Utility Regulatory Commission (retired)Greg Goelzer, Goelzer Investment ManagementJoe Guilfoy, Indiana Credit Union LeaguePeter D. Harrington, Duke Realty CorporationTom Harrison, JPMorgan ChaseStanley Holliday, IPS (retired)James Joven, McMains Lapointe Attorneys At LawRyan Kitchell, Office of Management & Budget, State of IndianaLinda Lentz, Lentz & Associates, Inc.Mark Maddox, Maddox Hargett and CarusoChris McGrew, Indiana Department of EducationBrooke Palmer, State Farm InsuranceDave Petritz, Purdue University College of AgricultureRuss Pulliam, Indianapolis StarMarsha Reynolds, MSD, Washington Twp.Jeff Sanson, Indiana Council for Economic EducationTim Schilling, Federal Reserve Bank of ChicagoBradley Skolnik, Stewart & Irwin, P.C.Jeff Smith, Centaur Inc.Jeff Spalding, Indiana House of RepresentativesBob White, IUPUI7

ICEE REGIONAL CENTERSBall State University ...................................................................................................765.285.8020Indiana State University ...........................................................................................812.237.2163Indiana University East..............................................................................................765.973.8253Indiana University Kokomo....................................................................................765.455.9462Indiana University Northwest..............................................................................219.980.6640OUR MISSIONThe Indiana Council forEconomic Education (ICEE) is anon-profit, educational organizationlocated at Purdue University.Founded in 1954, the ICEE is acomprehensive partnership ofleaders from business, labor,agriculture, education, andgovernment dedicated to increasingeconomic literacy in Indiana. Itsmission is to prepare students tobecome active citizens andproductive members of oureconomy by providing them withthe ability to make sound economicdecisions.Through a statewide network ofregional University Centers, and incooperation with the IndianaDepartment of Education, theSecretary of State SecuritiesDivision, the Indiana EducationalService Centers, and more than 50EconomicsAmerica schoolcorporations, the ICEE provideseconomic education training,materials, and consulting assistanceto thousands of Indiana educatorseach year.Indiana/Purdue University Fort Wayne...........................................................260.481.6490Indiana/Purdue University Indianapolis............................................................317.274.8100Indiana University South Bend.............................................................................574.520.5541Indiana University Southeast.................................................................................812.941.2520Purdue University........................................................................................................765.494.7336University of Southern Indiana............................................................................812.465.1610Indiana Council for Economic EducationAgricultural Administration Bldg.615 W. State StreetWest Lafayette, Indiana 47907Phone: 765.494.8545Fax: 765.496.1505www.econed-in.orgPRSRT. FIRST CLASSU. S. POSTAGEP A I DIndianapolis, INPermit No. 5677