Annamaria Lusardi is the Denit Trust professor of economics and accountancy at the George Washington School of Business.
Honolulu, HI and Little Falls, MN High Schools Take Home Top Honors in CEE’s 13th Annual National Economics Challenge
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!”
We’re broadcasting live from Tisch WNET Studios at Lincoln Center for the 13th Annual National Economics Challenge!
Watch the Quiz Bowl Finals in the David Ricardo and Adam Smith Divisions.
TWEET YOUR SUPPORT
Follow the Council for Economic Education on Twitter @council4econed. Get in on the action by using the hashtag #CEE to root for your team and share your thoughts as the quiz bowl unfolds.
VOTE FOR THE BEST TEAM VIDEO
Learn more about our amazing Finalist teams! Watch their video portraits that convey who they are as economics scholars, and vote once per day for your favorite video. The team with the most votes will receive a $100 Amazon gift certificate for their school and a $25 iTunes gift card for each student from the team.
Voting ends May 21 at 11:59 pm ET. Video contest has no influence on National Economics Challenge judging.
One of eight Finalist teams in the 13th Annual National Economics Challenge is getting great press in the local community.
Little Falls Community High School will once again vie for the title of National Champion this weekend in New York City. The Morrison County Record highlighted their achievement in this article.
“We applaud Little Falls’ success in qualifying for the National Economics Challenge,” says Donald Liu, Executive Director of the Minnesota Council on Economic Education, host of the Minnesota Economics Challenge. “Their success is a testament to Minnesota’s strong economics educators and students, both of which are so crucial in today’s changing global environment.”
In conjunction with the Finals this weekend, CEE asked the eight Finalist teams to prepare a video profile that shows who they are as people, students and scholars. Get over to our Facebook page and vote for your favorite team. The team with the most votes will receive a $100 Amazon gift certificate for their school and a $25 iTunes gift card for each student from the team.
Stay tuned for updates from New York City this weekend as the eight Finalist teams battle for the title of National Champions!
The 13th Annual National Economics Challenge culminates with an exciting quiz bowl this Sunday, May 19 at 3:00pm ET. More than 10,000 students from 40 states participated in this year’s competition, and only eight teams will vie for the title of National Champions in New York City this weekend.
CEE asked the eight Finalist teams to prepare a video profile that shows who they are as people, students and scholars. Get over to our Facebook page and vote for your favorite team. The team with the most votes will receive a $100 Amazon gift certificate for their school and a $25 iTunes gift card for each student from the team.
The Finalist teams are:
DAVID RICARDO DIVISION (single semester general economics students)
- Carmel High School, Carmel, Indiana
- Lexington High School, Lexington, Massachusetts
- Little Falls Community High School, Little Falls, Minnesota
- Olympia High School, Olympia, Washington
ADAM SMITH DIVISION (AP, IB and honors students)
- Choate Rosemary Hall, Wallingford, Connecticut
- Iolani School, Honolulu, Hawai’i
- Mounds View High School, Arden Hills, Minnesota
- Richard Montgomery High School, Rockville, Maryland
You can VOTE once each day until Tuesday, May 21, 11:59pm ET. We’ll announce the winning team on Wednesday.
This video contest has no influence on National Economics Challenge testing and judging.
Live Webinar: The Nation’s Report Card: Economics 2012, Grade 12
April 24, 2013, at 11 am EDT
Nan J. Morrison, President and CEO of CEE, was an adviser on the project, and she will take part in the webinar.
Are American students equipped to negotiate economic realities?
With constant changes in the housing, job, and stock markets, not to mention international trade, American students more than ever need to know how our economy connects with the world around us. As tomorrow’s consumers, investors, and voters, are students equipped to interpret financial news, make decisions about negotiating a college loan, and understand how economic policies affect their wallets?
The Nation’s Report Card: Economics 2012, Grade 12 reveals how well 12th-grade students know and apply the concepts of microeconomics, macroeconomics, and international trade in real-world contexts, as measured by the National Assessment of Educational Progress (NAEP).
Join the National Assessment Governing Board for a webinar exploring the results of this timely report. Webinar panelists include Nan J. Morrison, CEE’s President and CEO; and Edward Alvarez, Assistant Principal, Thomas A. Edison Career & Technical Education High School, who was honored at the 2012 Visionary Awards as one of CEE’s Teacher Champions.