Nebraska high school students came to UNL's Nebraska Union on March 28 to compete in this year's Nebraska Economics Challenge. The event tested teams of high school students on their knowledge of our economy.
Students were divided into two divisions and competed in four rounds. The first three rounds consisted of an assessment of their knowledge of topics related to macroeconomics (the study of our economy as a whole), microeconomics (the study of the economic behavior of individuals, businesses and industries) and international economics. They individually answered multiple-choice questions and a team score was comprised of the top three individual scores.
Following the first three rounds, the highest two team scores in each division advanced to the final round where they orally answered questions using a quiz-bowl format.
The results of the two divisions are as follows: In the "Adam Smith" division the State Champion was a team from Bellevue East and a team from Omaha Central Millard North earned the title of State Runner-Up. In the "David Ricardo" Division, the State Champion was also a team from Bellevue East and the team from Elkhorn earned the title of State Runner-Up. The State Champion teams will advance to the national competitions on April 27 and 28.
Participating high schools included: Bellevue East High School, HTRS (Humboldt, Table Rock, Steinauer), Lincoln Northeast, Omaha Central, Twin River High School (Genoa), Millard North, Elkhorn, Norris, Southwest Consolidated (Bartley), Cedar Rapids and Waverly High School.
The event is sponsored by the Nebraska Council on Economic Education, a non-profit organization dedicated to improving the economic literacy of Nebraska's students. This goal is achieved primarily through economic education programs, courses and workshops for educators across the state. The Nebraska Economics Challenge will again be offered to all Nebraska economics teachers and their students next year.