The deadline has been extended for the Federal Reserve Bank of Cleveland’s 2015 creating writing contest, which gives high school juniors and seniors the opportunity to compete for cash prizes by describing what they would do if they ruled their school.

“If I were Principal for a Day” is the theme of the contest, which is open to students in grades 11-12 in the Fourth Federal Reserve District, which includes 56 counties in the eastern half of Kentucky. Participants must write an essay, short story, poem or play describing what they would do as the boss of their school and are asked to answer the question by thinking critically about economic concepts such as costs and benefits, opportunity costs, supply and demand and unintended consequences.

The deadline for submissions has been extended to March 9 due to feedback from educators from around the Federal Reserve District. The top prize is a $500 cash gift card. Click here for more information on the contest.