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NCEconChallenge
County Marketing Contest

The Fifth Annual North Carolina Economics Challenge 

State Championship Contests - Federal Reserve Bank of Richmond, Charlotte

March 10th, 2008 - David Ricardo Division
March 11th, 2008 - Adam Smith Division

Registration Deadline:  February 16th, 2008

The N.C. Council on Economic Education is pleased to announce the 2008 Economics Challenge.  North Carolina high schools are invited to compete in a series of challenging and fun tests of economic understanding and reasoning abilities.  The contest provides an excellent opportunity for teachers to supplement their instruction, reinforce state standards, and stimulate student growth in "an economic way of thinking."

• Teams consist of four high school students.
• Team selection is determined by the sponsoring school.
• High schools may enter multiple teams and teams in both divisions.
• Competitions will be conducted in two divisions:

1.      Adam Smith Division - for students of AP, Honors, or two semester economics courses.

2.      David Ricardo Division - for students of one semester economics courses or courses in social studies, business, and math departments that possess significant economic content.  Economics Challenge is an ideal culminating activity for students taking "Civics & Economics."

Award Recognition

• State Champion medal for highest individual score in each division.
• 1st and 2nd place teams in each division receive trophies.
• The State Championship Team in each division will have their school's name  inscribed on the “Winner’s Cup as well as be allowed to display at their school the "Winner's Cup" for one year.
• State Championship Teams in each division will compete in an on-line regional Economics Challenge.  Regional winners will proceed to New York for the National Championship competition in April.

Procedures - State Championship Competitions

Preliminary Rounds 1-3: The first two rounds consist of multiple-choice tests that are taken by all team members individually.  Round three represents a collaborative effort on the part of the team members who submit a single answer for each problem.  All rounds will be timed and given a two-minute warning.

Scoring for the first 3 rounds is as follows:

• 10 points for a correct answer
•  - 5 points for an incorrect answer
•  0 points for an unanswered question
• A team's raw score for round three will be weighted to equal the first two rounds
• Cumulative individual scores from rounds one and two will determine individual state champions for each division
• Cumulative team scores from rounds one, two, and three will determine the top two schools’ teams in each division who will advance to round four.

Championship Round: The fourth and final round will be a quiz bowl between the top two teams in each division.  It is possible that two teams from the same school may compete against each other in the final round.  This competition will last for 30 questions or until a team is ahead by more points than there are questions remaining.  In case of a tie, a sudden-death challenge question(s) will determine the championship team.  There will be one state championship team from each division which will then compete in a regional on-line challenge.  Winners of the regional competition will travel to New York for the National Championship.  Out of respect to all contestants in the championship round, we ask that ALL contestants remain for the final round.  Awards for all participants will be distributed at the conclusion of the fourth and final round.

How To Get Started:

• Email us swheat@nccee.org for a registration form. or call us Toll-Free at 1-866-606-2233  Deadline: February 16, 2008 , Registration Fee: $25 per team, goes to the award fund.     
• You will be sent a "Coach's Packet" upon receipt of your registration.
• Select team(s) of four students.

For a complete list of rules and procedures, visit the National Economics Challenge Website

 Sponsored by:

National Council on Economic Education

Goldman Sachs Foundation

North Carolina Council on Economic Education

Federal Reserve Bank of Richmond, Charlotte Branch

2007 Economics Challenge Winners

Send mail to info@nccee.org with questions or comments about this web site.
Copyright © 2006 North Carolina Council on Economic Education
Last modified: 07/10/07