Economics Wisconsin
"Teaching Financial Skills to Last a Lifetime"


students working in computer lab

Students utilizing
on-line economic resources

 

Presents the

2010 Council for Economic Education

National Economics Challenge

 


High school students who completed an economics course in fall 2009 and those enrolled in an economics course in spring 2010 are eligible to participate.

Format

The Economics Challenge gives high school students the opportunity to compete against students from across Wisconsin. The 2010 Economics Challenge ONLINE qualifying round will take place Sunday March 14th to Saturday March 20th. The top ten teams from each division will be invited to participate in a State Competition to be held in Milwaukee on April 12th.

Once the Economics Challenge ONLINE qualifying round begins, students can enter the EconChallenge ONLINE web site at any point during this time frame to complete a 35 question rapid fire exam consisting of macro, micro, and international questions. Each student will be given 35 minutes, but all team members must complete the exam within three hours.

Please note: The use of books, notes, calculators, or other support materials is not allowed during the online or state competition.

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Who Can Enter

Schools may enter as many teams as they wish. To be eligible to enter, students must have completed or be currently enrolled in a credit awarding high school economics course at some time during the 2009-10 academic year can enter. Teams register to complete in one of two divisions:

•  David Ricardo Division for students in one semester general economics courses
•  Adam Smith Honors Division for students in AP, IB, and Honors economics courses

Teams are encouraged to compete in the division that would challenge them the most.

Teams shall be compromised of three to four members. The three highest scores for the written exam will count toward the team total.

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Awards and Prizes

The top ten teams in the David Ricardo Division online challenge and the top ten teams in Adam Smith Honors Division online challenge will be invited to participate in a state competition to be held in Milwaukee on April 12th. Teams are allowed to reconstitute for the state competition. All students attending the state competition will receive a commemorative T-shirt. Winning teams in each division will receive a trophy for their school. Each winning team member will receive a medal and a $50.00 US savings bond.

For first place teams in Wisconsin who advance to the next level:

Adam Smith Division: The team with the top score in the state for the Adam Smith division will compete in the National Semi-final on April 26th. The National Semi-final will be a proctored exam taken at the state champion's school. Council for Economic Education (CEE) will develop, distribute and score the test. CEE will require that the school principals make the necessary arrangements for holding the exam, and verify the integrity of the conditions under which the test was taken. State champions from across the country will be competing against each other, taking the same test at the same time, with the top six finishers invited to participate in the National Finals on  May 23-24, 2010 in New York City. Most travel expenses will be paid by the CEE.

David Ricardo Division: The team with the top score in the state for the David Ricardo division will compete at the national level in an online competition for cash awards. The online competition is scheduled for April 26th. Winning teams of this event are not eligible to attend the National Finals in NYC.

 

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Dates and Times

ONLINE qualifying round: Sunday March 14th to Saturday March 20th.

Once competition begins, students can enter the Econ Challenge ONLINE web site at any point during this time frame to complete a 35 question rapid fire exam. Each student will be given 35 minutes, but all team members must complete the exam within three hours.


The Wisconsin Economics Challenge State Finals (for top 10 teams from each division of the online competition):
Teams are allowed to reconstitute for the state competition.
April 12, 2010
Northwestern Mutual
Downtown Milwaukee

National Finals for David Ricardo
National Semi-finals for Adam Smith
Teams are allowed to reconstitute.

April 26th - Online for David Ricardo
April 26th - Proctored exam at team's high school for Adam Smith


National Finals
- Adam Smith Only
Teams are allowed to reconstitute.
May 23-24, 2010
New York City

Winning teams will work with the state program coordinator to make travel reservations. Most travel expenses for the national competitions will be paid by CEE.

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Cost


There is no fee to enter! Funds may be available to help with travel expenses for teams that make it to the State Finals. Requests for funds should be made to Economics Wisconsin.

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To Enter Teams

Registration will open in January.

1. Visit www.econchallenge.org.

2. Click on Wisconsin

3. Click on Teacher Registration. You will then be able to create teams. Each team should consist of three to four students. To create a team, you will need the following information:

•  Team name (i.e. Team #1, EconChallengers, etc.)

•  Students' names - Please make sure that you do not include extra spaces when entering names. Students must login using the name exactly as you entered it when registering or they will be denied access.

•  Students' T-shirt sizes

•  Parental forms (Download from http://economicschallenge.ncee.net/state.php )

•  Division the team will compete in. Select from Adam Smith or David Ricardo. If a student has previously participated in the David Ricardo Division, he or she must register for the Adam Smith division in this year's competition.

Don't worry if you make a mistake when registering teams; student information and team information can be edited later. Once you have registered a student, you will be given a unique access code for that particular student. You do not need to record these as you go; you will have the option to download them as an excel spreadsheet once you finished registering all students.

 

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Questions?

PHONE : (414) 221-9785

E-MAIL

 

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Sample Tests

See if you've got what it takes to participate in the Economics Challenge by completing these sample tests.

Teams participating in the Online Challenge may take a practice test as often as they like utilizing the “Practice” menu link.  Students simply visit www.econchallenge.org , select Wisconsin, then select the “Practice” menu button and follow the prompts.  They will be given a 30 question test to simulate the actual functionality of the EconChallenge ONLINE! test. 

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Wisconsin High School Economics Challenge 2009 Results

David Ricardo

1. Marathon High School Team: TNSTAAFL Advisor: Bradford Ness
2. Portage High School Team: Infinity Utility Advisor: Edward Carlson
3. Kettle Moraine High School Team: Invisible Hand Advisor: Daniel Simonson

Marathon High School represented Wisconsin in the David Ricardo Division at the Regional Econ Challenge in Houston.


Adam Smith

1 . Brookfield Central High School Team: Gawdy Galbraiths Advisor: Marc Stanke
2. Brookfield Central High School Team: Flirtatious Friedmans Advisor: Marc Stanke
3. Badger High School Team: The Capitalist Pigs Advisor: Michael Butscher

Brookfield Central High School represented Wisconsin in the Adam Smith Division at the Regional Econ Challenge in Houston.

 

Wisconsin High School Economics Challenge 2008 Results

David Ricardo
1. Marathon High School , Team: Marathon
2. Kettle Moraine High School, Team: Invisible Hand
3. Memorial High School, Team: Old Abe Stars


Adam Smith
1. Badger High School, Team: Badger #1
2. Homestead High School, Team: Fugate's Financing Furies
3. Marshfield High School, Team: The Conservative Communists

Marathon High School and Badger High School represented Wisconsin at the Midwest Regional Econ Challenge.

Wisconsin High School Economics Challenge 2007 Results

David Ricardo
1. Eau Claire Regis, Team: Elite Rangers
2. Oshkosh West, Team: Area 51
3. Ashwaubenon , Team A

Adam Smith
1. Brookfield Central. Team: TINSTAAFL
2. Badger, Team: TMNT
3. Oshkosh West, Team: No Ticky

Eau Claire Regis and Brookfield Central represented Wisconsin at the Midwest Regional Econ Challenge on Monday, April 23 in Chicago.

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2010 Econ Challenge Sponsors:

 

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EconomicsWisconsin
Wisconsin Council on Economic Education
7635 W. Bluemound Road, Suite 106
Milwaukee, WI 53213

(414) 221-9400
Fax (414) 221-9790
EconEd@EconomicsWisconsin.org