Teachers and Coaches -How to participate:
No formal courses in economics are required to compete in the Economics Challenge. Any team of students interested in economics is encouraged to compete. Schools may enter multiple teams in their qualifying divisions- but a student may be a member of only one team. Teachers and coaches can create as many student teams as they would like (there is no limit to the number of teams that can participate, and no fees to participate). This is a great activity for the entire class. There are no participation fees for teacher/coaches, or students. If a teams make it to National Finals will only be responsible for their travel to NYC, all other costs for 1 teacher and 4-students will be covered by the Council for Economic Education.
1. Review the Rules, Divisions, Prizes, and Process.
Start by familiarize yourself with the student eligibility and placement section of the National Economics Challenge Rules & Eligibility available in our teacher toolkit: https://www.councilforeconed.org/teacher-toolkits/? . This competition is for high school students that are being taught by high school teachers. There are two distinct division to select from - Adam Smith division the advanced level competition for students that have taken more than one semester of economics, are in advanced level courses in economics, and/or have participated in the Economics Challenge in the past. The David Ricardo division is for first time economics students who have never participated in the Economics Challenge and are at the introductory level or first course in economics. If you have any questions about the National Economics Challenge rules, don’t hesitate to contact your State coordinator. Only students who meet challenge competition criteria of eligibility may participate.
- Adam Smith Division: The Adam Smith Division includes teams of students, currently or previously, enrolled in Advanced Placement (AP Micro, AP Macro, or AP Micro and Macro), International Baccalaureate (pre-IB and IB), honors, two courses, any other advanced courses in economics (including courses taught by a secondary teacher where students earn college credit), or home schooled. The course must be taught by a secondary teacher. Any student who has previously participated in the Economics Challenge must compete in the Adam Smith Division (regardless of coursework).
- David Ricardo Division: The David Ricardo Division includes teams of students currently or previously enrolled in one general economics course (or less), or courses which include introductory economic concepts (social studies, business, personal finance, etc.). The course must be taught by a secondary school teacher. Students who have never taken an economics course are eligible to compete. Students may only participate in the David Ricardo Division one time.
NOTE: CEE reserves the right to disqualify students or teams that do not meet the competition eligibility criteria. We strongly recommend reviewing the rules.
2. Register as a teacher.
Go to the Teacher Registration tab located on the left side of this page and register online. Be sure to fill in all fields including your actual state the second time asked. Once you have registered as a teacher we will review your registration, and you will be contacted by the state coordinator before you can proceed to create teams. Please allow 24-48 hours for the review process (excluding weekends).
3. Register teams and download the student access codes.
Teacher register your teams:
- Go to http://econchallenge.unl.edu, Select your state from the dropdown list or on the map
- Click on ‘Teacher Login’ and sign in
- Once signed in, you are in the Team Administration page where you may register teams by clicking ‘Create new team’. Create teams made up of 3-4 students, and place them in either the Adam Smith division or David Ricardo division (based on National Economics Challenge Rules & Eligibility:www.councilforeconed.org/econchallenge/ & student placement).
- Once you have created your teams click on ‘Download Teams and Access Codes’ to get a list of the unique student access codes. Distribute the unique access codes to your students just prior to taking the online Economics Challenge.
4. Choose a date and location.
- EconChallenge ONLINE! testing date is determined by each team coach and/or the exam proctor. The testing window will open March 2 through April 2, 2020.
- Select a day between March 5 through April 6 and time block the testing dates for your students to take the online test (one test date for the entire class participating).
- Coaches are responsible for ensuring adequate access to computers and a reliable internet connection.
Note: It is not the responsibility of the Council for Economic Education or EconChallenge ONLINE! to resolve or mitigate technical issues on the schools end. All students will participate utilizing the EconChallenge ONLINE! portal and the school/organization internet connection. Any problems resulting from interruptions to internet connections, computer failure, student error, etc. are the responsibility of the Coaches and Student. -- to avoid this we recommend teachers have students login and take practice tests
- Share your chosen testing location, date & time with your students.
5. Day of the competition:
- Supervision must be provided for the online challenge to ensure legitimacy.
- Team members are prohibited from working collectively on any part of the exam.
- During the online challenge, each student is allowed a blank piece of paper and a pen or a pencil.
- All electronic/personal devices (Calculators, phones, iPods, etc) are not allowed.
- The use of internet or other resource materials is prohibited.
- Once competition begins, students can enter the Economics Challenge ONLINE! Website and complete a 30-question exam consisting of macro, micro, and international questions. Each student will be given 30 minutes (and all team members must complete the Economics Challenge within 3 hours.)
- Students Go to http://econchallenge.unl.edu
- Select your state from the drop down list or on the map
- Click on ‘Team Entrance’
- ~~your Teacher/coach will distribute student codes~~
- Student login using their unique access codes.
- Once the first student logs in the clock starts counting down.
- Your team has 30 minutes to complete the challenge.
The sum of the top three individual scores on each team make up the team score. Scoring on individual tests are as follows:
- +10 points for each correct answer
- 0 points for each incorrect answer
- 0 points for each unanswered question
Questions are randomly pulled and each student answers different questions. At the conclusion of the online challenge, teachers can log back into their account and download student team scores.
7. Winning Team
Highest Scoring teams in each of the two division is the winner of the state level competition. The Winning team in the David Ricardo division and the Adam Smith dvision will get individual medals (students and coach), certificate and recognition for their achievement.
Additionally winning teams will advance to the National Economics Challenge Semi Finals (online competition proctored at the winning team’s school). The final qualifying round to determine the top teams in two divisiond that advance to the National Finals in New York.
All students will receive participation certificates.
Wild Card competition Champion of the David Ricardo division and the Adam Smith division will be notified April 8, 2020 and invited to advance to National Semi Finals.
All state winning teams will be announced. Teachers are now able to download individual student scores, CEE will provide team ranking of the top scoring teams.
----- National Semi Finals and Finals (Invitational)----
Winning team will advance to the National Economics ChallengeSM Semi Finals which is an online proctored competition at the winning team’s school on 4/15/20 (if this date falls on Spring Break, teams may take the Semi Finals on 4/20/2020- with documentation from the school). State Ranking will be announced in early May, and the top four highest scoring teams nationwide will be invited to advance and to compete at the National Economics ChallengeSM Finals in New York City area May 16 - May 18, 2020.
CEE will pay for all lodging, food, and events while in NYC for both the teacher and upto 4 students (Teams only need to get to NYC. CEE will not cover transportation cost).
For more information go to: www.NationalEconomicsChallenge.org