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News Releases: 2009

OCTOBER 23

St. Louis Fed Announces Collegiate Contest for Best Economic Concept YouTube Video

ST. LOUIS – The Federal Reserve Bank of St. Louis’ Economic Education group is sponsoring its first-ever YouTube contest for college students. The Bank is seeking online videos that illustrate one or more of these three economic concepts for a high school audience:

• scarcity,
• factors of production, or
• opportunity cost.

The contest begins Oct. 23, 2009, and runs through Dec. 18, 2009.

To compete, entrants must be 18 years or older and enrolled part or full-time at a U.S. college or university.  Submissions can be from an individual or from a team.

Prizes will be awarded to the top four videos: a $1,000 U.S. Savings Bond for first place, a $750 U.S. Savings Bond for second-place, a $500 U.S. Savings Bond for third place, and a $250 Savings Bond for the "peoples’ choice" award based on the number of YouTube votes.

In addition, the winning videos will be used by teachers across the country to help explain economics to high school students.

For more information about the National Economic Education Video Competition, see the St. Louis Fed’s web site.

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With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, provides payment services to financial institutions and the U.S. government, and promotes community development and financial education.