Wednesday, April 15, 2015

2015 Wisconsin Economics Challenge

March 26, 27, and 30, EconomicsWisconsin hosted the 2015 Wisconsin Economics Challenge in

Oshkosh, Milwaukee, and Eau Claire. One-hundred and thirty students from 16 Wisconsin high schools participated in a day of testing their micro, macro, international, and current affair economic knowledge.

The Economics Challenge is an opportunity for students to demonstrate their knowledge of economic concepts in a fun and competitive atmosphere. High school students from across the state competed with one another through written examinations, a Super Quiz, and a Quiz Bowl. All students received T-shirts and winning teams were awarded cash prizes and medals. Raffles and other prizes were handed out throughout the day as well.

Each region awarded a first, second, and third place team. A state winner was awarded based on points of the first four rounds. The state winners in each division were invited to participate in the National Semi-Finals. The National Semi-Finals is to take place on Tuesday, April 14 at the winner’s schools.

Congratulations to all that participated!

Oshkosh winners are:

Adam Smith Teams
First Place - Marathon High School—Team Ponzi Schemers
Second Place - DePere High School— Team DePere High School

David Ricardo Teams
First Place - Seymour High School—Team Preferred Stock
Second Place - Marathon High School—Team Moral Hazard
Third Place - Clinton High School— Team Dismal Science Players

Milwaukee winners are:

Adam Smith Teams
First Place - Wilmot Union High School – Team The Barriers to Entry
Second Place - Badger High School—Team Born Ready
Third Place - Pewaukee High School—Team The Friendship Brigade

David Ricardo Teams
First Place - Nicolet High School—Team Ricky’s Ricardo
Second Place - Kettle Moraine High School—Team The Marxmen
Third Place - Brookfield Academy—Team The Munchkins

Eau Claire winners are:

Adam Smith Teams
First Place - New Richmond High School—Team Rock-on Econ
Second Place - Stanley-Boyd High School— Team Tschind
Third Place - Northwestern High School—Team Bold

David Ricardo Teams
First Place - Stanley-Boyd High School—Team Monkey See
Second Place - Stanley-Boyd High School— Team Flying Squirrels
Third Place - Northwestern High School—Team Gold

Congratulations to the 2015 Wisconsin State Winners:

Adam Smith Division
First place -Wilmot Union High School, Advisor Melinda Unger
Team The Barriers to Entry (Samantha Schroeder, Brendan Buhler, Rebecca Boyle, Ethan Dowell)

Second place - Badger High School, Advisor Mike Butscher
Team Born Ready (Sam Lasch, Aleah Haworth, Gaven Dooley, Alex Kuik)

Third place – New Richmond High School, Advisor Ann Scharfenberg
Team Rock-on Econ (Elliot Smallidge, Anna Starks, Allyson Halonen, James Early)

David Ricardo Division
First place –Nicolet High School, Advisor Sue Bolly
Team Ricky’s Ricardo (Pam Mann, Quinn Rosen, Nell Murphy)

Second place –Seymour High School, Advisors Staci Severt and Zach RoweTeam Preferred Stock (Frank VanEss, Michaela Thurow, Kort Driessen, Cassie Piette)
Third place – David Ricardo – Kettle Moraine High School / Team The Marxmen (Niklas Vakil, Trevor Ross, Nicholas Patnode)

The National Economics Challenge will be broadcast live on Monday, May 18 at 1 PM EST via the CEE's Facebook page:

For more information on the Wisconsin State Econ Challenge, visit

A special thank you to our Economics Challenge sponsors, Xcel Energy and The Arnold & Lois Domer Foundation, in addition to Dr. Brian Schultz, Director of our Center for Economic Education at UW-River Falls, who has skillfully led the Economics Challenge for the past several years.

Friday, January 30, 2015

Spring 2015 Stock Market Simulation

Registration is open for the 2015 Spring 10-week Wisconsin Stock Market Simulation. To register your teams, visit the  The SMS is open to Wisconsin students only and teams can enroll in the Elementary, Middle or High School Division,  EconomicsWisconsin also offers an Adult/College Division and a Department of Corrections competition.

When registerring a team, please create a new username. This username will be used for each team. Common usernames include school name, mascots, areas or teacher name.  Each team costs $25.00 and the school will be invoiced the cost of the teams. All fees are due one week before the end of the game.

The game begins on Monday, February 9. Registration ends on Friday, February 27. At least one trade must be placed by Friday, February 27.

All rules and regulations are outlined in the Teacher's Guide found on our website. 

Any cancelation of teams should be made through Stephanie. Please call her at (414) 221-9785.

For more information, please visit our website.

Friday, January 23, 2015

Participate in the Wisconsin Economics Challenge for a Chance to go to the National Economics Challenge

Students love competition! EconomicsWisconsin invites all high school students that are currently enrolled in an economics class or an AP class to participate. In our fourth consecutive year of running the Wisconsin Economics Challenge, we are adding an additional competition site to accommodate more students! The best part of the day is that it is free to participate.  EconomicsWisconsin also offers beverages all day, a continental breakfast and lunch. Sign up today!

What is the Economics Challenge?
The Wisconsin Economics Challenge is an opportunity for teams of three (3) or four (4) high school students (four team limit per school) to demonstrate their knowledge of economics concepts in a competitive and FUN atmosphere! Any Wisconsin student enrolled in a high school course for credit during the 2014-2015 academic year can participate. Students can compete at one of three host sites (Oshkosh, Milwaukee or Eau Claire) and in one of two divisions: David Ricardo or Adam Smith.

When is the Economics Challenge?

Wisconsin State Competition           
Date/Time: Thursday, March 26, 2015 / 8:30 AM – 2:00 PM
Location: La Sure’s Banquet Hall | 3125 S. Washburn St. | Oshkosh

Date/Time: Friday, March 27, 2015 / 8:30 AM – 2:00 PM
Location:  Ramada Plaza (near the airport) | 6331 S. 13th Street | Milwaukee

Date/Time: Monday, March 30, 2015 / 8:30 AM – 2:00 PM
Location: Clarion Hotel Campus Area, 2703 Craig Road, Eau Claire, WI 54701

Statewide winners announced Tuesday, April 7, 2015

National Semifinals
Date/Time: Tuesday, April 14, 2015 / 2:00 PM – 5:00 PM
Location: State Champion’s Schools

What are the costs?
Registration is FREE! Each team is responsible for transportation to the State Competition. Transportation and accommodations for the National Final Championship are paid for by the Council for Economic Education.

The Divisions
The Adam Smith Division is for students enrolled in courses labeled 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). Students who have participated previously in the Economics Challenge and home schooled students must compete in the Adam Smith Division.  
The David Ricardo Division is for students enrolled in one-semester or less high school economics courses or other courses that include introductory economic concepts (social studies, business, personal finance, etc.). The course must be taught by a secondary teacher. Students are tested in the same areas as the Adam Smith Division; however, some of the questions in the David Ricardo Division will have more emphasis on economic application, rather than economic theory.

How Are the Winners Determined?

Each econ challenge site will consist of the following format:
Round 1 – Microeconomics
Round 4 – Super Quiz
Round 2 – Macroeconomics
Round 5 – Quiz Bowl
Round 3 – International Economics

In both divisions, teams of 3 or 4 students are tested in the areas of microeconomics, macroeconomics, and international economics/current events using a multiple-choice, format (scantron testing). In Rounds 1 and 2, each team member works individually and the top three scores are used to calculate the total team score. In Round 3 the test is taken as a team and the score is multiplied by 3 to get the total team score.  

In Round 4, all teams compete in a head-to-head challenge called the Super Quiz.  Each team member answers a series of five multiple choice questions.  There are 6 rounds in the Super Quiz. Scores from the first three Rounds and answers to the Super Quiz questions are compiled for an overall Team Score. The two teams with the highest total scores in each division after Rounds 1-4 will qualify for the Quiz Bowl. 

In the Quiz Bowl, the moderator reads 10 questions (one at a time) to all members of both teams. The first person to “buzz in” will have the opportunity to answer each question. A correct answer adds 10 points to that person’s team score, but an incorrect answer deducts 5 points from the team score. The team with the highest point total after all 5 rounds (in each division) will be the regional champion.
The team with the highest point total for rounds 1 through 4 from all three sites will be crowned State Champions and have the opportunity to compete in the National Semifinal competition at their home school. There will be one winning team from David Ricardo and Adam Smith announced via email, online and on Facebook, Tuesday, April 7.

Prizes and Awards
If there are more than two teams in each division at a location, the top team in each division wins $200.  Second place in each division wins $100 and Third place wins $50.  If there are less than two teams in each division at a location, awards will be given to the overall top scores with first place overall receiving $200, Second place $100 and Third place $50. 

 State Champions: Adam Smith / David Ricardo Divisions will represent Wisconsin in the National Semifinal competition

Cash awards of $200, $100, and $50 as well as Medals to the First Place teams in each Division
Breakfast, lunch, T-Shirts, and other surprises!

State Economics Challenge winners advance to the National Semi-Finals with the top 4 teams and their coach, in each division, winning an all-expenses paid trip to New York City to compete in the National Finals. 2015 National Economics Challenge finalists in each division are awarded the following cash prizes:
First Place – $1000*
Second Place – $500*
Third Place – $250*
Fourth Place – $200*

*Prizes are awarded to 2015 National Economics Challenge finalists, students and coaches, in each division, David Ricardo and Adam Smith.

For more information, please visit our website. Registration can be made online. If you have any questions, please call Stephanie at (414) 221-9785. The CEE also has an excellent website dedicated to the National Economics Challenge.

Friday, January 2, 2015

Teaching Personal Financial Literacy and Economics Standards in High School Math Classes

EconomicsWisconsin and the University of Wisconsin-Stevens Point Center for Economic Education are hosting a one-day professional development workshop focusing on teaching personal financial literacy and economics in high school math classes.

WHEN: Friday, February 20, 2015 | 9:00 a.m. - 3:00 p.m.
WHERE: UW-Stevens Point | DUC Laird South Center, Room 230C

COST: $50 (includes curriculum)

To register, visit -

The workshop will be led by Tracy Hofer, professor of economics and director of the UW-Stevens Point Center for Economic Education, as well as math teachers who have been instrumental in moving personal finance content into the math curriculum within their district. Learn from teachers who are implementing personal financial literacy and economics standards into their high school math classes!

All teachers will receive a free copy of Mathematics & Economics appropriate for grades 9-12.  It includes 15 lessons math teachers can use to introduce economic and personal finance examples in your existing math classes.  Additional lessons will be provided in the best practices portion of the workshop.   

Topics Include:
  • Structuring a math class to cover personal financial literacy standards
  • Economic examples to use in math classes
  • Best practices in math and personal financial literacy
Register today! Space is limited!

For more information contact:
Professor Tracy Hofer, Ph.D.
Director, Center for Economic Education
School of Business and Economics
University of Wisconsin-Stevens Point
Telephone: 715-346-3874 | Email:

Friday, December 19, 2014

STEM Workshop: Teaching Economics through Math and Science

EconomicsWisconsin introduces a new workshop for Math and Science teachers at the Middle and High School level.  Teaching Economics through Math and Science will introduce economics and show participants how to incorporate econ into math and science.

Join Professor Scott Niederjohn, PhD., Center Director at Lakeland College and two teachers as they demonstrate lessons from the curriculum on Friday, February 6, at ManpowerGroup, downtown Milwaukee.  Parking is free. The Math Session runs from 9:00 - 11:30 am and the Science Session  is from 12:30 - 3:00 pm
Stay for one or both sessions! Lunch will be provided!

This workshop for middle and high school teachers is separated into two half day sessions. The first session will focus on math and economics and the second half on science and economics. Teachers can join the workshop for the entire day or choose the session that is relevant to them. Curriculum linked to national standards in economics and math is included.

The cost of registration is $85.00 per session or $170.00 all day. Curriculum is included in the registration fee.  Teachers will get Mathematics and Economics: Connection for Life when they attend the Math session or Economics and the Environment: EcoDetectives in attending the Science section.  

Register online or by calling Stephanie at (414) 221-9785.  If you have further questions about the workshop, please contact Scott at (920) 565-1239 or

Space is limited! Register today!