The St. Cloud State University Center for Economic Education invites you to compete in the annual Heartland Economics Challenge on Thursday, February 20th, 2014 at SCSU. This exciting challenge for cash and prizes also includes t-shirts for all participants, a pizza luncheon and priceless economic knowledge. All of this is a “free lunch”! Simply show up with your students and we will take it from there!
Below, the three divisions are described in detail. In addition to the opportunity for teams to advance to the State Competition, cash prizes will also be awarded to the top four individual performers in each division. There are NO entry fees or costs.
So, what do you need to do to get started? Simply read the information below and “field a team”. Each team can have 3-5 high school students and each school may send two teams per division (up to two divisions) if they wish. Either you or a colleague (or both) will be asked to serve as a “coach” for your team(s). The coach is in charge of putting the team together (selecting students is up to you), providing transportation to SCSU and advising the team during competition. As a thank you for these efforts, the coach will receive a coveted Economics Challenge T-shirt, lunch and refreshments.
For planning purposes, we need to get a commitment from each school as soon as possible. Last year’s competition reached maximum seating the University would allow in the room, so space is limited. You can either fax, email or mail the registration back to me by January 17th, 2014.
If you are unable to make it to the MHEC on February 20th, an alternative would be to register for Minnesota’s Online Economic Challenge at http://www.mcee.umn.edu/programs/econchallenge.html .
It is important to note that students are not expected to know every answer (indeed in many cases it is optimal to not answer a question).
I hope you find this opportunity too good to pass up! If you have any questions, please feel free to email me (preferred) at email@example.com or call 320-308-2170.
Prior to completing this packet, please go to http://www.stcloudstate.edu/economiceducation/challenge.asp and read the informational links posted.
Review informational links on website
Complete Team registration (below) and send in
Review rules and ask any questions prior to the competition
Arrange transportation to and from SCSU
Practice and Good Luck!
WHO: The Economics Challenge is for current Minnesota high school students and their coaches.
WHAT: The Heartland Economics Challenge is an opportunity for teams of 3-5 high school students (two teams per school limit) to demonstrate their knowledge on a broad array of economics topics in a fun, engaging competition. Any Minnesota student enrolled in a high school course for credit during the 2013-2014 academic year is eligible to compete. Students compete in three divisions: Joan Robinson, Adam Smith or David Ricardo.
JOAN ROBINSON: is for students enrolled in a one-semester (or less) general economics course. The course must be taught by a secondary teacher. Students are tested in the same areas as the Adam Smith Division, however, the questions for the Joan Robinson Division may have a greater emphasis on economic application and less emphasis on economic theory. This is the small school division (under 600 students).
ADAM SMITH: is for students enrolled in courses labeled AP, CIS, honors or any other advanced course. The course must be taught by a secondary teacher. Students who have participated previously in the Economics Challenge must compete in the Adam Smith Division. This is also the division for home-schooled children.
DAVID RICARDO: is for students enrolled in a one-semester (or less) general economics course. The course must be taught by a secondary teacher. 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.
WHERE: The event will take place in the Voyageurs Room, located in Atwood Memorial Center.
WHEN: This event will be held at St. Cloud State University on February 20th, 2014 from 9 AM to 1:30PM.
WHY: To promote economic education in a fun, exciting competition.
HOW: Winners are determined by their scores on three tests (Macroeconomics, Microeconomics and International/Current Events) and a Quiz Bowl round. Please see the “Rules and Eligibility” link for additional information.
2014 MINNESOTA HEARTLAND ECONOMICS CHALLENGE Registration Form
Please return by email (you can type answers below), fax, or through U.S. mail as soon as possible to:
Email: firstname.lastname@example.org U.S. mail:
Fax: 320-308-2228 Center for Economic Education
Dept. of Geography
St. Cloud State University
720 Fourth Avenue South
St. Cloud, MN 56301-4498
# of College Level Division teams: _______
# of Large School Division teams (if school > 600 students) _____
# of Small School Division teams (if school ≤ 600 students) _____
(Note: small school teams may choose their division, but cannot field teams in both Small School and Large School divisions.)
How many students are you planning to bring? ____________
Please note that any student who participated in an Economics Challenge in a previous year must compete in the College Level division.
Coaches will receive follow-up information after registering. There really isn’t anything that needs to be done to prepare other than to select your team members before February 20th (the day of the Challenge) and arrange transportation to the SCSU campus by 9:00 a.m. (by 8:45 if possible).
We look forward to you meeting the CHALLENGE!!!
Minnesota Heartland Economics Challenge
Thursday, February 20th, 2014
(Note: Please be flexible- we may finish earlier if possible)
In a case in which two or more individuals achieve the same score, the individual with the highest score in Round 1 will be declared the winner. If two or more individuals are still tied, their scores from Round 3 will serve as the tiebreaker. In the event two or more individuals are still tied, a coin flip will be used to determine the winner.
The same procedure described above will be employed in cases in which two or more teams score the same number of points.
The 2014 ANNUAL
MINNESOTA HEARTLAND ECONOMICS CHALLENGE Teams of students representing high schools in Central Minnesota are invited to
compete in a series of challenging tests of their economic understanding and reasoning
abilities. Participants will compete in both individual and team categories.
Who is Eligible?
School (> 600 students); and Small School (≤ 600 students). Any student who has
competed in any division in previous years must compete in the College Level division.
Note that small schools have the option of competing in the Large School division if they
so choose, but cannot field teams in both Large School and Small School divisions.
2. Each participant takes 15-item, 5-option multiple-choice tests in each of the following
Round I: Microeconomics
Round II: Macroeconomics
Round III: International Economics and Current Events
3. Scoring of individual tests will be as follows: 10 points will be awarded for each correct
response, 5 points will be subtracted for each incorrect response, and 0 points will be
given for questions left unanswered.
4. Each team will consist of up to 5 members (minimum 3) with the sum of the top 3
individual scores on the team representing the team score.
5. Team scores will be posted as soon as they are calculated and checked.
6. The first two rounds are individual rounds with each team member taking the test on their own. Round III is taken as a team, with one test submitted for the entire team.
7. Round IV is a “lightning round” consisting of the top two finishing schools in each of 3 divisions - College Level, Large School, Small School. (In other words, if one school has
the top two teams after rounds I-III, the school may only send one team to the lightning
round.) The winner of this lightning round is declared the winner of the team trophy in its
division. Round IV questions cover all areas from rounds I - III.
8. Each of the top two College Level schools send a team to the State Competition. The
school that wins the Large School division and the school that wins the Small School
division each send a team to the State Competition.
What are the benefits?
1. All participants receive a MINNESOTA HEARTLAND ECONOMICS CHALLENGE Tshirt,
“half-time” refreshments, and are the guests of honor at the awards luncheon.
2. Team prizes will be awarded to the top 2 school teams in each of three divisions.
3. Individual awards will be given to the top 4 individuals in each of three divisions as
1st $100 cash plus award
2nd $75 cash plus award
3rd $50 cash plus award
4th $25 cash plus award
What are the costs?
There are no fees or luncheon costs. All that is required is a little time and interest plus
transportation to and from the SCSU campus. The MINNESOTA HEARTLAND
ECONOMICS CHALLENGE is sponsored by the SCSU Center for Economic Education with
a grant from the Minnesota Council on Economic Education with the cooperation of the