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Economics Challenge tests high school students' money savvy

Media Note: To gain access to the Federal Reserve Building, please contact Jane Stockman in advance at 952-846-8146.

What: State championship finals of Economics Challenge, a quiz bowl competition for high school students

When: 10 a.m. to 2 p.m., Thursday, April 12 (final rounds begin at 12:45 p.m.)
Where: Federal Reserve Bank of Minneapolis, 90 Hennepin Ave., Minneapolis

Contacts: Jane Stockman, Minnesota Council on Economic Education, stoc0053@umn.edu, (612) 624-5707
Matt Hodson, University News Service, mjhodson@umn.edu, (612) 625-0552
Claudia Parliament, Minnesota Council on Economic Education, (612) 625-5733

April 11, 2012

Minnesota’s most knowledgeable high school economics students will compete at the state finals of Economics Challenge, 10 a.m. to 2 p.m., Thursday, April 12 at the Federal Reserve Bank of Minneapolis, 90 Hennepin Ave. Economics Challenge is supported in part by the Minnesota Council on Economic Education (MCEE), which is hosted by the University of Minnesota.

Students from 15 high schools across the state will compete in Economics Challenge. The highest-scoring teams in the advanced placement (AP) and large school division will advance to semi-nationals, where the six highest scoring teams in each division move on to the national championship in New York City.

Minnesota students and their coaches have reached the national contest in seven of the 10 years of competition, a level of excellence that exceeds the performance of all other states. In 2011, Mounds View placed second in the AP division at the national competition, the only public school that made it to the national championships. A team from Little Falls High School won the 2009 national title in the large school division.

Economics Challenge recognizes and rewards student achievement in economics,” said Claudia Parliament, executive director, MCEE.  “The students’ ability to respond to difficult questions is impressive. Their understanding is a tribute to the high quality of teaching in Minnesota. We have very talented and knowledgeable teachers of economics.”

Student teams competing this year in the AP/IB/CIS division represent the following schools: Central High School, St. Paul; Eagan High School; Moorhead Senior High; Mounds View High School; and St. Cloud Tech.

Student teams competing in the large school division represent the following schools: Barnesville High School; Cloquet High School; Jefferson High School, Alexandria; Lake Crystal Wellcome Memorial High School; Little Falls Community High School; and Mounds View High School.

Student teams competing in the small school division are: Albany Senior High; Underwood High School; United South Central High School; and Virginia High School.

Economics Challenge
was established in 1986 by Professor Curt Anderson, University of Minnesota, Duluth. The competition became a national program in 2001. High school teams compete at six regional state competitions and online to receive an invitation to the state championship. Regional competitions are held at: St. Cloud State University; Minnesota State University, Mankato; Minnesota State University, Moorhead; University of Minnesota, Duluth; and St. Thomas University.

Minnesota’s Economics Challenge competition is supported by the Mosaic Company. The national Economics Challenge is sponsored by the Council for Economic Education.

About the Minnesota Council on Economic Education
The mission of the Minnesota Council on Economic Education (MCEE) is to provide Minnesotans with the economic and personal financial understanding they need to function effectively in a complex, global environment. MCEE is hosted by the department of Applied Economics within the College of Food, Agricultural and Natural Resource Sciences at the University of Minnesota. For more information, visit: www.mcee.umn.edu.

Tags: College of Food, Agricultural and Natural Resource Sciences

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