Year 9 students took part in the Stock Market Challenge.
The event is based on the real life stock exchange whereby the students buy and sell shares in real time, based on news reports/updates over a period of a five day week (shortened to approx. 23 min days). The idea being to make sound investments based on the information provided and analysing the news as it is presented, with ultimate aim of being the team with most amount of profit by the end of the exercise.
The competition’s key objectives were to enable students to apply their learning in mathematics, and to develop business awareness, transferable and employability skills, enterprise and entrepreneurship.
The challenge provided students with a chance to increase their business and economic understanding, put their mathematics to the test and develop key skills such as team working, problem solving, critical thinking, analysing information and communication in a time-pressured and competitive game environment. Teams navigated their way through fast-moving, constantly changing market conditions with the aim of maximising their investment opportunities based on quick and accurate analysis of company news by all members of each investment team working together.
Mr Chris Fannon, Year 10 Progress Leader and Mathematics teacher, said: “This was a great way to encourage team building and wide variety of employability and communication skills and has strong links to business related mathematics. The challenge taught students that you have to work well in a team and commit to your particular job in order for the whole team to benefit. It also helped them to develop skills which would be essential for a job in this area, such as quick thinking and decision making.”
“These challenges are a fantastic way for young people to build their understanding of the business world, while developing their skills and having fun,” commented Mr Alex Hren, Head Teacher at Saint Paul’s. “The initiative gives students the opportunity to apply their learning at school to a highly realistic financial setting.”