Economics for Leaders Virtual is a selective summer program that teaches student leaders how to integrate economics into the process of decision-making through an interactive online program.
The goal of EFL Virtual is to give promising students the skills to be effective leaders and 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 due to COVID-19, teaching these skills to the next generation of leaders is essential to ensure future prosperity.
EFL Virtual is an unparalleled learning and growing opportunity. The program is competitive, with approximately two applicants applying for each available space. College admission officers have commented that students who attend selective programs, such as Economics for Leaders Virtual, 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 Virtual. There is an additional fee of $244 for the credits and students who opt to receive credit must complete additional assignments. Click on the College Credit for EFL Virtual tab on 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.
EFL Virtual will be delivered through a synchronous, online format. Students will be required to be online in a virtual classroom approximately five hours per day, Monday through Friday.
The Economics for Leaders Virtual program is a synchronous online course, wherein lectures and activities are delivered “live”. Economics professors and leadership instructors will provide content instruction through Zoom and economics simulations/activities will be facilitated using Zoom breakout rooms and other learning applications like MobLab and Pear Deck.
All course communications, materials, assignments, resources, and Zoom meeting links will be organized in Canvas, our learning management system.
All lectures and activities will be moderated by additional instructors to ensure students can interact with both their instructors and their peers.
Students should plan to spend approximately five hours per day, Monday – Friday participating in class and completing homework assignments. Each day the program consists of 4 sessions with a 40 minute lunch break in the middle. See sample schedule.
Students pursuing the optional college credit for this program can expect to spend an additional 8-10 hours on the assigned text readings and assessment.
Required: Laptop/Computer with web camera
Required: Additional Mobile Device (phone/tablet)
Text (ONLY for students pursuing optional college credit): The Economics of Public Issues 20th ed by Miller, Benjamin and North
Canvas (Learning Management System)
Zoom (Web Conferencing)
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
Students who are currently sophomores and juniors in high school are eligible to attend EFL Virtual 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 the EFL Virtual program is $800. There is also a $35 processing fee upon submitting your application.
For students who withdraw from EFL Virtual, 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.