What is the ME* Competition? The ME* competition is a program designed to recognize student achievement in acquiring and applying knowledge in economics, entrepreneurship, and personal finance. The Competition is sponsored by the Mississippi Council on Economic Education, Foundation for the Mid-South, The Federal Reserve Bank of Atlanta, New Orleans Branch and The Federal Reserve Bank of St. Louis, Memphis Branch.
Who can compete in the ME* Competition? The ME* competition is open only to 3rd-5th graders.
How does the ME* Competition Work? There are 3 main contests, all done by 4 member teams of third to fifth graders:
- TEST: Each team takes a written test on basic skills in Economics, Personal Finance, and Entrepreneurship.
- PRODUCTION: Each team is given a set of directions and a time limit to produce an item according to directions. They are judged on quantity and quality.
- PROBLEM SOLVING: Each team designs a good service to solve a given problem, creates an advertising campaign, and makes a two-minute presentation before a panel of judges. The judges use a scoring rubric to rate the presentations in creativity, function, and team work.
Basic Skills Test
The basic skills test is designed to assess student’s knowledge of economics, personal finance, and entrepreneurship. Each team works together to complete the test and turns in only one answer sheet. Students are given approximately 30 minutes to complete the test.
The Production activities are designed to test students’ abilities to work together as a team, designate responsibility, and follow directions. Each team is given a set of directions and a time limit to produce an item according to directions. They are judged on the quantity and the quality of the item. Students are typically given approximately 30 minutes of production time, but this may vary. *Note: The biggest problems we have in this portion of the competition are that the students don’t follow directions and/or do sloppy work.
Problem Solving Activity
Problem Solving Activities are designed to test students’ creativity and cooperation. Each team designs a good or service to solve a given problem, creates an advertising campaign, and makes a two-minute presentation before a panel of judges. The judges use a scoring rubric to rate the presentations in creativity, function, and team work.
Teachers can begin preparing their students for the event using the online practice resources (PDF).
The ME* Competition runs from 8:30 am- 1:30 pm
- Thursday, March 8, 2018: Gulfport
- Tuesday, March 20, 2018: Cleveland
- Thursday, March 22, 2018: Jackson
*Deadline to register teams is one week prior to the event.
Each team should consist of a minimum 3 students/maximum 4 students. There is no cost to register teams for the ME* competition and lunch will be provided thanks to our generous sponsors. However, teams that register and do not attend the competition will be billed $50 PER TEAM to cover expenses incurred on behalf of the team, so please be sure the team can attend BEFORE registering. Event space is limited so once your registration is complete, the number of teams that you have committed to cannot be decreased. Click here to register.