SIFE at USF's World Village Saturday

TAMPA, Fla. (Feb.20, 2009) – Few fully grasp global economics but the University of South Florida’s Students in Free Enterprise (SIFE) team will host an event for elementary and middle school students and their families to help them understand the concept at the SIFE World Village, Saturday, Feb. 21, from 10 a.m. to 3 p.m. at the University Community Development Center, 14013 N. 22nd Street in Tampa.  Admission is free and open to the public.


The SIFE World Village project will demonstrate how the global economy works through monetary exchange, buying products in a global market and the role of a bank in this economic system.  SIFE at USF is partnering with other USF student organizations, including the African Students Association (ASA), Caribbean Cultural Exchange (CCE), Hindu Student Council, and the Vietnam Student Association (VSA), to represent seven countries.


Various items from each country will be sold to the students.  Play U.S. currency will be sold to the children and parents for use at the event, along with a free passport for each child.  The U.S. “dollars” can only be used in the U.S. exhibit.  In order to purchase items or play games in the different countries, they must convert the U.S. dollars to the country’s currency at the central “World Bank.”  All the donations raised will go to a non-profit organization chosen by SIFE. 


"We want all the participants to gain a basic understanding of currency exchange as well as insights into how the global market operates," said Ijeoma Ekenta, SIFE vice president.  “Learning is easiest when having fun at the same time.”


SIFE is a global organization active in over 1500 colleges in 40 countries that promotes five key educational topics; entrepreneurship, financial literacy, business ethics, market economics and personal success skills.  SIFE students implement programs that create impact members of their communities.  For more information and to assist SIFE at USF in its endeavors, e-mail


The University of South Florida is one of the nation's top 63 public research universities and one of 39 community-engaged, four-year public universities as designated by the Carnegie Foundation for the Advancement of Teaching. USF was awarded more than $360 million in research contracts and grants in FY 2007/2008. The university offers 219 degree programs at the undergraduate, graduate, specialist and doctoral levels, including the doctor of medicine. The university has a $1.8 billion annual budget, an annual economic impact of $3.2 billion, and serves more than 46,000 students on institutions/campuses in Tampa, St. Petersburg, Sarasota-Manatee and Lakeland. USF is a member of the Big East Athletic Conference.