Nebraska Economic Challenge 2003 - Results

Statewide Economics Competition for High School Students Held

Saturday, April 19 from 10am -2pm
UNL Campus, College of Business Administration

Lincoln, Nebraska. On April 19, 2003, students from all over southeast Nebraska came to the UNL campus to compete in this year's Nebraska Economics Challenge. This event tested teams of high school students on their knowledge of our economy. These students are currently taking an economics course in their respective high schools. Participating high schools included Ashland-Greenwood High School, Heartland Community Schools (Henderson), Lincoln Southeast, Omaha Central, and Waverly High School.

Students, divided into two divisions, competed in 4 rounds. The first 3 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 3 individual scores.

Following the first three rounds, the highest two team scores in each division advanced to the final round where they orally answer questions using a quiz-bowl format.

The results of the two divisions are as follows: In the "Adam Smith" division, the team from Heartland Community was crowned as the State Champion for the second year in a row, while the Omaha Central team was the State Runner-Up. In the "David Ricardo" Division, the State Champion was the team from Omaha Central and the team from Ashland-Greenwood High School earned the title of State Runner-Up. The State Champion teams will advance to the regional competition and receive an all-expense-paid trip to Minneapolis on April 27, 2003. The winning teams from the Regional Economics Challenge competition will receive individual savings bonds and an all-expense-paid trip to the National Economics Challenge to be held in New York City on May 17-19, 2003 where they will compete for the national title and more prizes.

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 Federal Reserve Bank of Omaha-Kansas City Branch co-sponsored the event. The Nebraska Economics Challenge will again be offered to all Nebraska economics teachers and their students next year.

Nebraska Economics Challenge Results

Adam Smith Division, State Champion Team:

Heartland Community School, 402-723-4431

Teacher: Ken Schultz

Team Members: Tom Crosby, Adam Eck, Nicky Hoffman , Janene Goertzen and Nick Sowl

Adam Smith Division, State Runner-Up Team:

Omaha Central High School, 402-557-3339

Teacher: Victoria Deniston-Reed

Team Members: Melissa Hepburn, Caitlin Monaghan, Jessi Reiss, and Carolyn Schaeffer

David Ricardo Division, State Champion Team:

Omaha Central High School, 402-557-3339

Teacher: Victoria Deniston-Reed

Team Members: Jeff Downs, Ryan Flemmer, Eve Mayberger, Cati Peterson, and Cecily Zdan

David Ricardo Division, State Runner-Up Team:

Ashland-Greenwood High School

Teacher: Hugh Stoddard

Team Members: Alex McCoy, Elizabeth Eager, Alyssa Haschenburger, Greg Timblin, and Sarah Newsham

Other Participating Schools, their teachers and students:

Lincoln Southeast High School, Tom Focht, teacher, 402-436-1304

Team Members: Thomas Evnen, Tobias Pace, Trevor Heidinger and Derek Zimmerman

 

Waverly High School, Bret Harpster, teacher, 402-786-2765

David Ricardo Division Team Members: Anthony Fulton, Dan Leatherman, Melissa Long, Tara Nordbrock, and Kyla Ronhovde

 

Adam Smith Division Team Members: Tyler Andrews, Chad Drake, Ramsey Young, Damon Hummel

Nebraska Economic Challenge 2003 Final Results