St. Louis Fed Announces Winners of 2011 National Economic Education Video Contest

The Federal Reserve Bank of St. Louis has announced the winners of its third semi-annual National Economic Education YouTube Video Contest for students.  The winners are:

• First Place – “Central Bank Independence and the Money Printer” by the Vassar College Fed Team of Vassar College, Poughkeepsie, N.Y.;
• Second Place – “The Federal Reserve's Independence Sketch'd Out” by Adam Kempenich of Little Falls, Minn.;
• Third Place – “Alyssa Smith Fed.dv” by Alyssa Smith of Norwood, Maine; and
• Popular Choice – “Importance of an Independent Central Bank” by Wen K. Luo of Brooklyn, N.Y.

The first-place winner will receive a $1000 U.S. savings bond, the second-place winner will receive a $750 savings bond, the third-place winner will receive a $500 savings bond, and the popular choice winner will receive a $250 savings bond.  The last award was based on the number of YouTube votes.

Established in 2009, the St. Louis Fed’s National Economic Education Youtube Video Contest is designed to improve the financial and economic literacy of entrants through their development of factual, creative and entertaining videos that help explain complex economic topics to students.  This year’s contest challenged entrants to create online videos that help explain the concept of central bank independence to high school audiences.

A panel of seven judges comprised of economists and educators from across the country, as well as, members of the Bank’s economic education and research staff rated the entrants on their ability to explain the economic concept clearly, as well as their creativity.  All of the winning videos will be available for use by teachers across the country to help explain economics to high school students.

To view the winning videos, please visit http://www.stlouisfed.org/education_resources/winningvideos.cfm.