What Is the Economics Challenge?


The Indiana Economics Challenge is an opportunity for teams of 4 high school students to demonstrate their knowledge on a broad array of economic topics in an atmosphere where economics knowledge is tested and recognized and where competing is FUN!  Any Indiana high school student enrolled in a public, private or home-based school during the 2020-21 academic year is eligible to compete (no economics course is required).  Students may also compete as part of an organization, club or before/afterschool program.  Teams compete in one of two divisions - David Ricardo or Adam Smith.   

All division exams will take place between 7:00 am ET March 29th and 4:00 pm ET on April 16, 2021. The high school state winner (a single team) will advance to the National Semi-final Competition in their division.

Competition will be ONLINE this year.   


The Divisions

The David Ricardo Division is for students enrolled in one-semester (or less) general economics courses or courses which include introductory economic concepts (social studies, business, personal finance, etc.)  Courses must be taught be a secondary teacher.  Students are tested in the same areas as the Adam Smith Division; however, the questions for the David Ricardo Division may have a greater emphasis on economic application and less emphasis on economic theory. 

The Adam Smith Division is for students enrolled, currently or previously, in courses labeled Advanced Placement (AP Micro, AP Macro, or AP Micro and Macro), International Baccalaureate (pre-IB and IB), honors, two-semester, or any other advanced courses in economics (including courses taught by a secondary teacher where students earn college credit).  Courses must be taught be a secondary teacher.  Students who have participated previously in the Economics Challenge must compete in the Adam Smith Division.  This is also the division for home-schooled students.