JULY 9, 2002
CONTACT: Mike Stepanovich, 661/664-2456, mstepanovich@csub.edu

The ninth annual Children in the Marketplace program begins next week at California State University, Bakersfield. The project, which runs from July 15 to 26, is an innovative economics education program presented by the Center for Economic Education and Research at CSUB. The curriculum is designed to introduce elementary school students to fundamentals and principles of capitalism, profit and loss, and the market.

"Our goal is to educate children about decision making, because ultimately their lives will be affected by the choices they make," said program director Abbas Grammy, chair of the economics department at CSUB. "In fact, many boys and girls begin to learn the importance of work, education, money, and set career goals as well as make decisions."

Fourth, fifth, and sixth grade students from area schools participate in the summer program, learning the fundamentals of economics, from supply and demand to the banking system, including lessons that bring home the concepts of competition, price and profit through hands-on projects. Students take roles as managers, workers, and consumers, learning to solve practical problems, such as how to manage scarce resources and how to price a product.

"The program has grown tremendously," Grammy said. "Parents and children really like it." The program offers 30 hours of in-class instruction, group activities and business trips. Students are admitted on a first-come, first-served basis.
Children in the Marketplace is funded by a grant from Wells Fargo Bank that has helped reduce the student tuition fee to $80 for the two-week program. Participants receive a T-shirt and class photo. Tuition assistance is available, Grammy said.

Classes meet in Dorothy Donahoe Hall room E106 on the CSUB campus from 9 a.m. to noon. Grammy and Marnie Forzetting, a teacher at Sing Lum Elementary School in Bakersfield, are the instructors. Nancy Garrett of Wells Fargo Bank serves as honorary program chair.

For more information, please call 661/664-2466.

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