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Recap: 2019 National Economics Challenge

POSTED: July 3, 2019 | BY: Alan

The top 134 students out of a total of 10,000 contestants from high schools across the USA and China descended upon New York City to compete in the final rounds of Council for Economic Education’s 19th Annual National Economics Challenge (NEC). Through written exams, a Critical Thinking Round based on persuasive presentations, and head-to-head Quiz Bowls, they battled for the top prizes in two divisions: the David Ricardo Division, for first-time competitors who have taken one economics course, and the Adam Smith Division for AP, international baccalaureate, and honors students (as well as any returning competitors).

Andrew Ross Sorkin, co-anchor of CNBC’s Squawk Box and editor/contributor for The New York Times, hosted the Quiz Bowl Finals. Mary C. Daly, President of the Federal Reserve Bank of San Francisco, provided pre-recorded video questions.

For the first time in the history of the NEC, the same high school won both USA divisions. The top two teams in each division from both the USA and China then faced off for the National Championship, before the winners from each country competed in the international round. Winners are as follows:

USA Adam Smith Division: Mt. Hebron High School (MD)
USA David Ricardo Division: Mt. Hebron High School (MD)
CHINA Adam Smith Division: BASIS International School Guangzhou (Guangdong)
CHINA David Ricardo Division: Shanghai Starriver Bilingual School (Shanghai)
International Adam Smith: BASIS International School Guangzhou (Guangdong)
International David Ricardo: Shanghai Starriver Bilingual School (Shanghai)
In between rounds, teams enjoyed a visit to the One World Observatory at the top of the One World Trade Center, as well as guest speaker sessions with CEE Board Chair and Managing Partner of Sage Asset Manager Barry Haimes, and Atlas Merchant Bank Operating Partner and CEE Board Member Larry Kantor, as well as CEE Associate Board members Rachel Lipsky, Consultant at Deloitte Tax, and Rahim Muhammad, Financial Consultant at Charles Schwab.

CNBC covered the event extensively, with student contestants interviewed on Squawk Box, live check-ins during The Exchange and Power Lunch, and a story on the Nightly Business Report. CNBC also streamed the Quiz Bowl Finals live on their website.

A big thank you goes out to every student, teacher, CEE network member, and staff member as well as to CNBC, and Andnow Media who helped to make the 2019 National Economics Challenge a success. Thanks as well to our exclusive partner in China, SKT Education & Beyond, and our sponsors: the Alfred P. Sloan Foundation, Bloomberg Philanthropies, Schwarzman Scholars, and Russell Glass.

Please enjoy the following photos and videos from the event.

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