November 27, 2009 | Education
Junior Achievement of Eastern Massachusetts and Verizon Foundation Help Students Learn About Business and Economics
Junior Achievement of Eastern Massachusetts and the Verizon Foundation have joined forces to help high school students learn about business and the economy with the help of innovative, interactive software.
A $25,000 grant from the Verizon Foundation is supporting the software program, called JA Titan. Through a combination of classroom instruction from the teacher and a local business representative and online simulations, students learn key concepts and make their own decisions about fictional companies as they react to changes in the marketplace.
"For many years, the Verizon Foundation has supported Junior Achievement's efforts to help students develop the 21st century skills needed to succeed in college and careers," said Donna Cupelo, Verizon president - New England region. "This program is a great example of how broadband technology can expand the horizons of young people by teaching them the fundamentals of running a business."
Each semester, 12 to 15 high schools participate in a competition to run the most successful fictional businesses. Students learn about product pricing, production, marketing, capital investment, research and development and charitable giving. The best-performing teams compete in a live competition at the Massachusetts Institute of Technology.
"It is through the tremendous commitment of companies like Verizon that Junior Achievement can continue to provide programs that feature hands-on, practical life lessons to promote financial literacy, work readiness and entrepreneurship," said Dave Eustis, president of Junior Achievement in Eastern Massachusetts. "These lessons will inspire and prepare students to succeed in the global economy."
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