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Indiana Economics Challenge

Presented in partnership with:

The Indiana Council for Economic Education (College of Agriculture, Purdue University)
Indiana University Southeast Center for Economic Education
Indiana University South Bend

A program of The Council for Economic Education

Date: April 11, 2019
Time: 9:00 am - 2:30 pm
Location: Indianapolis (Fishers), South Bend, New Albany
Register Online HERE
More Information at

2019 Winners


  • Printable 2019 Econ Challenge Flyer/Registration Form
  • Sample Tests

  • E-mail Shelly Surber 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 2018-19 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 2019 Indiana Economics Challenge will be held from 9:00am - 2:30pm on April 11, 2019.

    Teams compete at one of three sites:
    Indianapolis - Conner Prairie, Fishers
    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: One team in the David Ricardo Division and one team in the Adam Smith Division will represent Indiana in the National Semifinals on April 17, 2019.

    NATIONAL FINALS: The top 8 divisional teams from the National Semifinals will travel to New York City to compete in the National Economics Challenge from May 18 - 20, 2019!

    2019 Economics Challenge Dates

    Indiana Competition:
    Date: April 11, 2019
    Face to Face State Competition
    Locations: Indianapolis, South Bend, New Albany

    National Semifinals:
    Date: April 17, 2019 (April 24, 2019*)
    Location: State Champions' School
    * Make up test date for schools that are on spring break on 4/17/19 or have a valid reason will test on 4/24/19.

    National Finals:
    Date: May 18 through 20, 2019
    Location: New York City

    Registration Fees:

    Register beginning January 14 through March 8! The fee is $30 per team.
    Early Bird Special: register by February 5 and the fee is $20 per team.
    See: for details!


“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