The National Economics Challenge, run by the Council for Economic Education, is the largest and longest-running high school economics team competition in the United States, drawing close to ten thousand students a year.
Entries are split into the David Ricardo Division for newcomers with little formal economics and the Adam Smith Division for AP, IB, honors and returning competitors, so both beginners and veterans have a fair lane. The pathway runs state round, online national semifinal, and in-person national final.
A teacher registers the school, builds teams of three or four, and proctors an online multiple-choice exam during an open window; a team scores the sum of its three best individual results. State champions sit a three-round online semifinal, and the top eight teams per division travel to the National Finals for a case-based Critical Thinking Round followed by a Quiz Bowl.
Content spans price theory and market structure, aggregate demand and supply, monetary and fiscal policy, trade and exchange rates, and the year’s economic news. California is administered by its state council, with autumn and spring testing windows and state finals typically hosted at Federal Reserve Bank of San Francisco locations, including the Los Angeles branch.








