Iolani School and Little Falls Community High School Named Champions in Nationwide Competition
NEW YORK, NY MAY 8, 2013 – The Council for Economic Education is thrilled to announce the winners of the 13th Annual National Economics Challenge, a rigorous academic competition putting students’ economic skills and knowledge to the ultimate test. Nailing questions that few adults could answer correctly, Iolani School, Honolulu, HI took home the top prize for the Adam Smith Division, (for advanced placement, international baccalaureate and honors students) and Little Falls Community High School, Little Falls, MN was named the winner of the David Ricardo Division (for students who have only taken a single-semester economics course). These teams outpaced over 10,000 other students to win an all-expense paid trip to New York City for a two-day competition to determine the overall champions. This year’s Challenge is generously supported by State Farm®.
In the Challenge, CEE applies the excitement of an athletic competition to academic excellence, providing students with the opportunity to apply their economics knowledge and work in teams. Competitions are held at the State, National Semi-Final, and National Final levels in the two divisions. In each competition, teams of students answer rigorous questions on microeconomics, macroeconomics, international economics, and current events. At the National Finals, students complete rounds of testing, work in teams during a critical thinking round to solve a case problem, and participate in a quick-paced oral quiz-bowl in order to compete for the title of National Champions.
The four finalist teams face each other in the final round of the Challenge in a “quiz-bowl” format held in New York City. Each team must have previously won in its state and been one of the top four highest scoring teams at the National Semi-Finals competition in order to advance to the championship series.
The eight Finalist teams placed as follows:
ADAM SMITH DIVISION
1st Place: Iolani School | Honolulu, Hawaii
2nd Place: Choate Rosemary Hall | Wallingford, Connecticut
3rd Place: Mounds View High School | Arden Hills, Minnesota
4th Place: Richard Montgomery High School | Rockville, Maryland
DAVID RICARDO DIVISION
1st Place: Little Falls Community High School | Little Falls, Minnesota
2nd Place: Carmel High School | Carmel, Indiana
3rd Place: Olympia High School | Olympia, Washington
4th Place: Lexington High School | Lexington, Massachusetts
“Every year, the students competing at this level impress me more and more with the breadth and sophistication of their knowledge,” said Nan J. Morrison, CEO and President of CEE. “Their grasp of complex economic concepts is remarkable at any age, but particularly so at the high school level. Congratulations Iolani and Little Falls on your achievements, and for setting the bar high for next year’s competition!”