On an annual basis, the State Council's on Economic Education, with support from the National Council on Economic Education, hosted by the Economics Challenge Program (EconChallenge). The Challenge is an opportunity for students to demonstrate their knowledge of Economic Literacy by competing with other students across the state in written and "Quiz Bowl" examinations. Student participants receive certificates of recognition, awards and accolades.
The Council for Economic Education will host the 20th Annual National Economics Challenge Semi Finals on May 13 (May 14 Makeup date) 2020, and the National Finals on May 16 - May 18 2020.
Cash prizes, trophies, and medals for the top teams at nationals. Rounds will cover Microeconomics, Macroeconomics, International and current events. There will be critical thinking rounds and quiz bowl rounds and an international round. The Top 4 National EconChallenge Winners receive:
1st place - $1,000 USD
2nd place - $500 USD
3rd place - $250 USD
4th place - $200 USD
Teams who qualify for the National Competition receive an all expense paid trip to New York City and a tour of the New York Stock Exchange.
For more information visit the offical website here.
Participation in the online EconChallenge exam is open to all registered US students from ages 14-18.
However, the top 5 teams from each test go to their region for State Championships.
Winners from the state championships then proceed to the National Semi-final testing phase. Only the top 4 teams receive an all-expense paid trip to New York to compete at the national level.
The EconChallenge ONLINE! Portal is hosted and supported by the Nebraska Council on Economic Education, therefore there is no entry fee. All expenses are paid for students who reach the final stage and compete at a national level in New York.
Students are encouraged to take the EconChallenge ONLINE! Practice Tests leading up to the online exam.
In order to succeed, participants will need to have a comprehensive understanding of microeconomics, macroeconomics, international economics / current events, and have excellent critical thinking skills. However, no formal courses in economics are required.
There are several online exams, and the semi finals and national finals take place over a few days. The exams involve prior practice and study leading up to the event.
The application process for this competition involves registering a team online before taking one of three online exams. The top five teams of each test and region are announced and notified by email, and then the top 5 teams of both tests (in each region) meet for competition at the National Semi-finals.
Here, each team who advances from state competition completes a proctored exam at their high school.The National Competition in New York involves the top four teams from the National semifinals will receive an all-expense paid trip to New York to compete at the national level.