Economics for Leaders (EFL) is a selective summer program that teaches student leaders how to integrate economics into the process of decision-making in an interactive learning environment.
The goal of EFL is to give promising students the skills to be more effective leaders and to teach them how to employ economic analysis when considering difficult public policy choices. This course focuses on the introduction and application of economic concepts and economic reasoning skills and introduces students to leadership theory. Given the difficult public policy choices facing governments and their citizens around the globe, teaching these skills and knowledge to the next generation of leaders is one of the most important actions we can take now to ensure our future prosperity.
EFL is an unparalleled learning and growing opportunity. 90% of the students who attended the program in 2022 said they would recommend the program to their friends. The program is competitive, with approximately two applicants applying for each available space. College admission officers have commented that students who attend selective pre-college programs, such as Economics for Leaders, make more competitive applicants.
Through a partnership with the University of Colorado, Colorado Springs (UCCS), two semester hours of optional undergraduate credit are available to students attending EFL. There is an additional fee of $244 for the credits and students who opt to receive credit must complete additional assignments. Click on College Credit for EFL to the right for more information. Details and registration instructions will be included in the orientation information provided to accepted students approximately four weeks before the start of their program.
Give students the knowledge to understand the economic concepts shaping the global economy
Foster students’ commitment to continued learning about economics and leadership
Help students discover their potential as they learn to develop and implement effective leadership skills
Increase students’ marketable skills of how to work effectively in teams while at a distance
Participants stay in dormitories on the campus of their program site. Dorm rooms are most often a traditional set-up – two participants of the same gender per room, with a communal bathroom down the hall. If the site you have chosen has a different set-up (i.e. suite style), you will be notified in the orientation materials provided approximately four weeks before the start of the program. At colleges where there are COVID-19 mandates on sharing dorm rooms, participants will be in single rooms. Dorm rooms include a bed, closet, desk, and chair. Linens are provided for the week and include a set of sheets, blanket, pillow, and pillowcase, as well as a bath towel and hand towel. We encourage participants to bring a sweatshirt or sweater as air-conditioned dorms can become cool at night (and dorm rooms sometimes do not have individual thermostats). You are welcome to bring extra towels or blankets if you wish.
Additional items such as fans and refrigerators are not included in the dorm rooms. If you have a medical reason for such an item, please contact us at [email protected] to inform us of the situation as early as possible and see what accommodations might be made.
Simulations are used to provide experiential learning opportunities and demonstrate the reliability of theoretical concepts
Outstanding economics instructors foster critical thinking about difficult social problems
Examination of current national and international issues promotes discussion
10 Topics taught in the context of 5 Economic Reasoning Propositions (ERPs):
Economic Growth and Scarcity
Markets in Action
Incentives, Innovation and the Role of Institutions
Money & Inflation
Leadership Topics are taught in the context of the Leadership Pyramid Matrix used in university leadership courses
Goal is to improve participants ability to work and lead teams and to connect responsible leadership and the economic way of thinking
Elements of the Leadership Pyramid Matrix presented:
Personal Leadership Domain: Preparing and projecting who you are
Relational Leadership Domain: Demonstrating concern and understanding
Contextual Leadership Domain: Clarifying who we are and how we work together
Advanced Economics for Leaders at Yale University and UCLA
FTE will offer a more advanced economic curriculum in addition to the leadership instruction at Yale University (June 26-July 2, 2023) and UCLA (July 31-August 6) in summer 2023. The basic schedule for this program will mirror all other EFL sites. In order to qualify for Advanced EFL at Yale University and UCLA, students must have completed a course in economics prior to the start of the program, and this course must be shown on their high school transcript.
Students who are currently sophomores and juniors in high school are eligible for EFL programs.
You may start an application at any time, however only completed applications will be reviewed. Below are the steps you will need to complete before your application may be reviewed.
Please Note – You will be asked to rank your top three program/sites in the application. By ranking your selections, you are not applying to multiple programs, but instead are indicating your 1st, 2nd and 3rd site program/site preferences. If you are interested in being reviewed for acceptance to two or more programs (i.e. EFL and EGE or E&E), please email [email protected] upon submission of your application so a note can be added to your file.
- Basic Personal Information – Name, address, current high school, current grade (must be 10th or 11th grade)
- Letter of Recommendation – Qualified letters can come from a teacher, advisor or coach
- Transcript – A full high school transcript, showing all in progress and completed coursework
- Personal Statement – You will be asked to respond to a prompt in 750 words or less
- Application Fee – A fee of $35 will be charged once you have completed the above requirements
Wednesday, February 8, 2023 – Early Application Deadline – Receive a $200 tuition discount for completing your application by this deadline
Wednesday, March 15, 2023 – Priority Application Deadline – Receive a $100 tuition discount for completing your application by this deadline
Wednesday, April 12, 2023 – Final Application Deadline
Applications are accepted on a rolling basis and limited spots are available. Program sites will close as soon as they are full, which could be before the Final Application Deadline.
The cost to attend FTE residential student programs is $2,100 which includes room and board. Students are responsible for their own transportation costs to and from the program location.
Full tuition is due at the time of enrollment. For participants who voluntarily withdraw, refunds will be made according to the FTE stated refund policy and schedule. The registration fee will be refunded 50% for cancellations made prior to May 19, 2023. After May 19, no refunds will be issued.
FTE strives to make its programs accessible and affordable to the best and brightest students, regardless of financial status. Scholarship funding is awarded based on a combination of factors, including:
Academic and extracurricular achievement
Scholarship assistance typically ranges from $100 to $1500. Please note that full-tuition scholarships are extremely rare, and requests for assistance based strictly on merit are generally not considered.
Students are only eligible to receive scholarship funding for one FTE program during the course of their high school career. If a student is attending more than one program in a given year, funding will only be applied to one program.
Finally, scholarship requests to attend program sites that are a significant distance away will not be considered favorably, especially if there is a much closer site to your home. (For example, if you live in California but are asking for scholarship help to go to EFL at Yale University, your chances of receiving aid are less than if you ask for aid to attend EFL at UCLA.)
To Request Scholarship Assistance
To apply, please fill out the scholarship section when completing the Student Application. Applications are reviewed for scholarship funding at the same time as program admission. Admission and award notifications will be received via email within three weeks of submission.