Iowa Economics Challenge Rules

• Students will have 35 minutes to answer 30 questions.
• The challenge cannot be paused and students cannot skip questions.
• Student team members do not need to complete the challenge together.
• Students must complete the challenge without any outside assistance.
• Teams must consist of 3-4 students, and the team score will be the sum of the team's top three scores.

Divisions

• The Adam Smith Division is intended for students who have completed or are enrolled in a two-semester or advanced economics course.
• The David Ricardo Division is intended for students enrolled in a one-semester or introductory economics course.
• The Milton Friedman (Middle School) Division is intended for students enrolled in a middle school economics course.

Advancing to State Finals

• The top teams in the Fall 2025 Challenge and the top teams in the Spring 2026 Challenge will compete in the Econ Challenge State Finals on April 8, 2026.
• Students may participate in the Fall 2025 Challenge or Spring 2026 Challenge, but not both.

Advancing to Nationals

• The state champion team will go on to represent Iowa at the National Competition.