The Montana Council for Economic Education, with support from the National Council for Economic Education, hosts the Economics Challenge Program. The Challenge is an opportunity for students to demonstrate their knowledge of Economic Literacy by competing with other students across the state in online examinations. Student participants receive cash prizes, awards, and accolades.
There are two divisions in the Economics Challenge:
• Adam Smith: For returning competitors, AP, IB, and honors students.
• David Ricardo: For first-time competitors with no more than one course in economics.
How does the Economics Challenge work?
Timing: Registration is open now and students can test anytime following independent course preparation. Testing must be completed by April 12, 2024 to compete for cash prizes.
Who: MCEE would encourage any classroom teaching Intro or AP Economics to form teams and complement their instruction with a chance to win cash prizes. It’s a low commitment with a great pay-off.
Teams of 3-4 students will have 35 minutes to complete a 30-question online exam covering a broad variety of economic principles.
Students earn 10 points for every correct response and 0 points for each incorrect answer. Every question must be answered to move on, and students are not able to go back to previous questions.
There will be a cash prize for the top three teams in Montana:
• 1st Place: $500 per team
• 2nd Place: $250 per team
• 3rd Place: $100 per team
State champions invited to participate in regional competition where top teams travel to New York City for the National Economics Challenge.
For each registered team that completes the challenge, teachers will be entered into a drawing for a $100 cash prize.
Teachers can create as many student teams as they’d like and the Montana Council for Economic Education has generously provided all registration and participation fees.