Jan. 10, 2003 by No Byline NMSU News Center
Students from Artesia and Deming have taken top honors in the Fall 2002 Stock Market Game sponsored by the College of Business Administration and Economics at New Mexico State University and the New Mexico Securities Division.
The New Mexico State Championship was captured by Artesia High School students Robert Flores (captain), Brandon Haldeman, Brandon Salsberry, Brad Lewis and David Collins, under the guidance of teacher Cheto Moreno.
The Essay Contest Bull Division (grades 9-12) was won by Jonathan D. Butz, Deming High School, under the direction of his teacher, Claudia Rossman.
An innovative method for teaching economics to students, the Stock Market Game is a computer simulated competition played this fall by almost 2,400 high school, middle school and elementary students throughout New Mexico and West Texas.
“This fall was a bit more profitable than in the past couple of years because the economy began showing signs of a gradual recovery during the 10-week period of the game,” said Dorothy Hughes, Stock Market Game coordinator at NMSU. “In addition, the markets showed an effect from the elections in November — always an education for the students in how political events affect the nation’s economy. We the participants learned some very valuable lessons toward our ultimate goal of promoting intelligent and educated investors.”
Each team begins with an imaginary $100,000 and during a 10-week period each semester “plays” the market, making transactions based on the daily closing prices from all three stock exchanges. Players may buy, sell, short sell and short cover, and all transactions are charged a 2 percent broker fee. Teams may buy on margin and are charged 7 percent interest. Teams receive 5 percent interest on cash balances and receive dividends that are paid on stocks in their portfolios during the game.
The goal is to make as much money as possible. The portfolios are updated daily, and ranking reports are generated weekly.
The Stock Market Game is the only stock market simulation educational program endorsed nationally by both the industry (the Securities Industry Association) and the regulators of the industry (the Securities and Exchange Commission). Teams conduct all their transactions and perform much of their research online, aided by a number of other educational Web sites, many of which are available only to registered SMG teachers and students.
Teachers have an administrative site where they can view their teams’ portfolios and have access to the Learning Resource Center where many downloadable lesson plans and exercises are available. More information can be obtained by visiting the SMG Web site at http://www.smgww.org.
Each semester the top state, regional and essay contest winners in New Mexico and West Texas are presented plaques and T-shirts and every participating teacher’s top team members are awarded certificates. Hughes said more than 400 awards were presented this fall. Both fall and spring winners are also invited to awards luncheons in Albuquerque and Las Cruces in May.
Other New Mexico winners included: Northern High Division, teacher Pam Rothery and students from Sandia High School in Albuquerque; Southern High Division, teacher Cheto Moreno and students from Artesia High School; Middle School Division, teacher Mary Coburn and students from St. Charles Borromeo School in Albuquerque; and Elementary School Division, teacher Olen Hedges and students from Santa Rosa Elementary School.
Before the game each semester, Hughes offers training workshops, during which game rules and general investing information is provided. Anyone interested in participating in the workshops and/or the Stock Market Game can contact her at (505) 646-3690; write to NMSU Stock Market Game, P.O. Box 5021, UPB; Las Cruces, NM 88003-5021; or e-mail email@example.com.
Nationally, the Stock Market Game has been in operation for 26 years; more than 700,000 people participated last year in all 50 states. It is sponsored by the Securities Industry Foundation for Economic Education and receives financial support and the donation of teaching materials from many major corporations, brokerage firms, and the three stock exchanges.