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Indiana Economics Challenge

Presented in partnership with:

The Indiana Council for Economic Education (College of Agriculture, Purdue University)
The Center for Economic Education in the IU School of Liberal Arts at IUPUI
Indiana University Southeast Center for Economic Education
Indiana University South Bend

A program of The Council for Economic Education

2017 winners


  • Sample Tests

  • E-mail Terri Crews for more information.

    What Is the Indiana Economics Challenge?

    The Indiana Economics Challenge is an opportunity for teams of 4 high school students to demonstrate their knowledge on a broad array of economics topics in an atmosphere where economics knowledge is tested and recognized and where competing is FUN! Any Indiana high school student enrolled in a public, private or home-based school during the 2017-18 academic year is eligible to compete. Students may also compete as part of an organization, club or before/afterschool program. Teams compete in one of two divisions - David Ricardo or Adam Smith. Teams travel to one of three Indiana sites for the face-to-face state competition, where they'll vie for a spot in the National Semifinals!

    The Divisions

    The Adam Smith Division is open to any Indiana high school student. However, students enrolled in Advanced Placement (AP Micro, AP Macro, or AP Micro and Macro), International Baccalaureate (pre-IB and IB), honors, two-semester, or any other advanced courses in economics (including courses taught by a secondary teacher where students earn college credit) must compete in this division. Students who have taken more than one semester of economics must compete in the Adam Smith Division. This is also the division for home schooled students and any team with a member who has competed in the Indiana Economics Challenge in a previous year.

    The David Ricardo Division is for students enrolled in a high school course NOT labeled as AP, IB, or honors. Students who have taken a one semester or less economics course may compete in this division. Students are tested in the same areas as the Adam Smith Division; however, the questions for the David Ricardo Division may have a greater emphasis on economic application and less emphasis on economic theory than the questions for the Adam Smith Division. 

    In both divisions, teams of four students are tested in areas of microeconomics, macroeconomics, international economics and current events using a multiple-choice, pencil and paper test for three rounds. In Rounds 1 and 2, each team member completes the tests with the lowest score being dropped. In Round 3, the multiple-choice test is taken by team members together.

    How are winners determined?

    The 2018 Indiana Economics Challenge will be held from 9:00am - 2:30pm on April 11, 2018.

    Teams compete at one of three sites:
    Indianapolis - IUPUI Campus Center
    South Bend - IU South Bend
    New Albany - IU Southeast

    At all sites, the state competition format is as follows:

    Round 1 - Microeconomics; Round 2 - Macroeconomics; Round 3 - Potpourri: including International Economics and Current Events.

    In both divisions, teams of 4 students are tested over 3 rounds using multiple-choice, pencil and paper tests. In Rounds 1 and 2, each team member completes the tests with the lowest score being dropped. In Round 3, a multiple-choice test is taken by team members together. Following the first 3 rounds, the top 2 teams in each division at each site meet in an oral Quiz Bowl to answer questions on a variety of economics topics. The 2 teams meeting in an oral Quiz Bowl must be from different schools.

    The oral Quiz Bowl winning teams from all sites have their written test scores compared. The oral Quiz Bowl winning team from the David Ricardo Division and the Adam Smith Division with the highest written test scores for all sites are crowned the state champions.

    NATIONAL SEMI-FINALS AND FINALS: State champions from both divisions compete against teams from other states in the National Semifinal competition for an all expense paid trip to the National Economics Challenge in New York City. National Semifinal competition will be April 24, 2018. Finals in New York City will be May 19-21, 2018.


    2018 Economics Challenge Dates

    Indiana Competition:
    Date: April 11, 2018
    Face to Face State Competition
    Locations: Indianapolis, South Bend, New Albany

    National Semifinals:
    Date: April 24, 2018
    Location: State Champions' School

    National Finals:
    Date: May 19 through 21, 2018
    Location: New York City

    Registration Fees:

    Register now! The fee is $30 per team.
    Early Bird Special: register by February 5 and the fee is $20 per team.
    See: for details!


    State Champions will represent Indiana in the National Economics Challenge Semifinals.

    1st Place divisional teams at each site will receive $50 Visa gift cards for each team member and $20 Visa gift card to teacher coach.

    2nd Place divisional teams at each site will receive $20 Visa gift cards for each team member and $20 Visa gift card for teacher coach.

    All participants and teacher coaches receive breakfast, lunch and a chance to play in a "mock" Quiz Bowl for prizes.


“The econ challenge was a great experience. For me, this meant an opportunity to test my knowledge of economics. This was an experience that I believe I will never forget.” - Westville High School Student



Econ Challenge Sponsors