The Bishop Ireton Economics Club known as the BI Economics Club is established with a goal of promoting economic education among the students, their families and the staff of Bishop Ireton High School.

Concept:

The BI Economics Club members will participate in the "Stock Market Game" (SMG2000) which is an electronic simulation of Wall Street trading, designed to help students and adults understand the stock market. Students will be placed on teams of two individuals for a ten week period from 29 September - 5 December 2008 and 2 February - 15 May 2009 in which they invest a hypothetical $100,000 in common stocks listed on the New York Stock Exchange (NYSE), American Stock Exchange (AMEX) and the NASDAQ Stock Market (NASDAQ).

Goals:

Students involved in the BI Economics Club will develop a familiar knowledge with the fundamental principles of the free market economic system. This will include understanding the operations of the various stock markets, the principles of stock ownership, the associated costs of financial transactions and the development of capital for economic growth.

Those participating actively in the BI Economics Club will develop or improve problem-solving skills. The BI Economics Club will:
· Develop and improve mathematical problem solving skills
· Develop and improve analytical problem solving skills
· Reinforce an understanding of current world events and:
the interdependence of global economics and
financial market responses to world events.
· Develop and improve research and writing skills.
· Foster decision making skills and an understanding of group dynamics.
· Reinforce technology skills such as use of the Internet, preparation of business correspondence, and familization of business and economics vernacular.
· Meet the economics requirements of the Standards of Learning (SOL's) as outlined by the State of Virginia Department of Education.