The fall session of the South Dakota Stock Market Game (SDSMG) concluded its 10-week trading session recently.
Over 600 students from 26 South Dakota schools formed 270 teams of stock market investors and received a hypothetical $100,000 to invest in real-time stocks, bonds and mutual funds on Oct. 4. The program’s carefully integrated curriculum lets students experience the financial markets in the classroom as they learn about business, math, economics, social studies and the importance of saving and investing for the long term.
The largest competitive division was the high school division with 203 teams. Britton-Hecla High School had the highest ending portfolio in the state at $123,072, an impressive return of 23 percent, considering that the Standard & Poor’s 500 Index only rose 8 percent during this time. Teacher Jeanette Remily used the program in her economics class.
The winner of the college division was Black Hills State University with student Devon Halajian. Devon played the game as part of the Survey of Business course requirement.
The winner of the middle school division was Patrick Henry Middle School. Teacher Shirley Mauss used the program in her sixth grade gifted education class.
Learning Point Associates, in conjunction with the Foundation for Investor Education, recently conducted a nationwide randomized controlled trial in 600 classrooms measuring the impact of playing the Stock Market Game (SMG) on student achievement in mathematics and investor knowledge tests. The results of the study found that students who participated in the SMG program significantly outperformed students who did not play the game on national standardized Math and Financial Literacy assessments.
Grade Level Subject Played SMG Did not play SMG
7-10 Math 54th percentile 46th percentile
7-10 Financial Literacy 58th percentile 42nd percentile
The South Dakota Stock Market Game is sponsored by the Black Hills State University Center for Economic Education and the South Dakota Council on Economic Education.
The spring 2011 SDSMG session starts Monday, Feb. 14 and registration begins on Jan. 1. For more information visit www.stockmarketgame.org or contact Don Altmyer, Center director at Don.Altmyer@BHSU.edu