IMS students learn how to make money

Earlier this year the Register reported Iola Middle School students were learning about the stock market through hands-on phantom trading.
Roger Carlin divided seventh-graders in his social science classes into teams. Each team’s members started with $100,000 in mock money they could invest however they wanted. They watched how external forces, such as financial reverses that led to the recession, affected the market.
IMS had 20 teams. They competed with about 215 others in a statewide project through the Kansas Council on Economic Education.
This week the local teams learned they fared exceedingly well. They were first, second, fourth, fifth and 10th among middle school teams and second, third and 10th among all teams, which included high school and community college students.
It’s far too early to tell whether any of the young Iola financiers will make a living on Wall Street, but what they learned will give them a leg up when they face financial realties as adults and breadwinners.
Such strategies make education more interesting and more meaningful for those being tutored. “Thinking outside of the box” and “staying ahead of the curve” make a difference everywhere, in-cluding education.

Bob Johnson