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The Rules: 

It's quite simple, really! 


Simply do the following: 

1. Register as a teacher. 

2. Once you have registered as a teacher, you can begin to create student teams of 3-4 students in one of three divisions: 

  • Adam Smith: High School students enrolled in any two-semester econ macro and micro course sequence or any course labeled as AP, IB, honors, or differentiated. If you previously participated in the David Ricardo Division, you must register for Adam Smith in this year's competition. This is also the division for home-schooled students. 

  • David Ricardo: High School Students enrolled in any one semester, introductory or general, combined macro and microeconomics course. Teams are encouraged to compete in the division that would challenge them the most. See the official rules here.    

  • Milton Friedman: Middle School students (grades 6 – 8) 


3. After creating the teams, you will be given unique access codes for each student. Distribute these access codes to your students when they are ready to take the Challenge. 

4. The Indiana Economics Challenge is February 20 - March 22, 2024. Once the competition begins, students can enter the Challenge website and complete a 30-question rapid-fire exam consisting of macro, micro, and international questions. Each student will be given 35 minutes. 

Scoring: the sum of the top three individual scores on each team makes up the team score. Scoring on individual tests is as follows: 

  • +10 points for each correct answer 

  • 0 points for each unanswered or incorrect question 


Register and create teams at the Econ Challenge Registration page

To prepare your team for the National Economics Challenge, visit  


Click on "Teacher/Coach Toolkit" for rules and other valuable information. Keep in mind that Indiana's rules vary slightly. See the Indiana competition flyer for Indiana competition rules.