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- GENERAL STRUCTURE
- Team Divisions
- There shall be two divisions: David Ricardo and Adam Smith.
- The David Ricardo division includes teams of students enrolled
in one-semester (or less) general economics courses or courses
which include introductory economic concepts (social studies,
business, personal finance, etc.). The course must be taught by
a secondary teacher.
- The Adam Smith division includes teams of students enrolled
in 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). The course must be taught by
a secondary teacher.
- Any team consisting of one or more students enrolled in
a course listed in A.1.c. must play in the Adam Smith division.
- Teams shall only compete against other teams in their own division.
- Team Composition
- Teams shall be comprised of four (4) members.
- Competing with only three (3) members, if necessary, is possible
and permissible.
- All members of a team must be from the same public, private,
or home-based high school.
- A school which qualifies for regional and/or national competition
may reconstitute the members of its team prior to the competition.
Students must, however, meet the general student eligibility conditions in A.3.,
as well as, the eligibility conditions for the division in which the school
qualified (see A.1.).
- Student Eligibility
- Students must be enrolled for credit in a qualifying
high school course (see A.1.b and A.1.c.)
at some time during the 2007-2008academic year.
- Students
who have taken or are taking economics courses
for college credit from a post-secondary
instructor are not eligible to compete.
- Students
who have taken more than one semester of economics
at any time must compete
in the Adam Smith division. In particular, students
who are in their second semester
of any economics course must compete in the
Adam Smith division.
- No
student is permitted to compete in the
David Ricardo division more than one year. Any
returning student who has already participated
in the National Economics Challenge
(at the state-level or higher) must compete
in the Adam Smith division in subsequent
years, regardless of previous or current coursework.
- Home-schooled
students must compete in the Adam Smith division.
- Rules Committee
- There shall be a rules committee comprised of
economic education officials and
a representative from the National Council
on Economic Education (NCEE).
- The rules committee shall only be responsible for rules compliance
at the regional and national level competitions.
- Questions and grievances should be sent to the chair of the
rules committee.
- All decisions of the rules committee are final.
- CONTEST FORMAT
- There shall be three initial rounds of competition
(Rounds I-III).
- These shall be 20-minute rounds with 15, five-option, multiple-choice
questions in each round.
- In the first two rounds
of in-person national, state and local contests,
each member competes individually and
the team score in each round is the sum of the top three individual
scores.
- In the third round
of in-person national, state and local contests,
members compete as a team and submit one
answer sheet.
- Each division shall have its own set of tests for these rounds.
- Scoring in Rounds I-III is based on
the following system: +10 points for each correct response,
-5 points for each incorrect response, and 0 points for no
response (or a response of "I don’t know" in an
online contest).
- The score on the Round III in-person
test will be multiplied by three so that this round is weighted
equally with each of the first two rounds (Rounds I and II).
- The content covered in Rounds I through
III is as follows: Round I: Microeconomics, Round II: Macroeconomics,
Round III: International Economics and Current Events.
- The two highest scoring teams in each
division after Rounds I-III advance to Round IV.
First tie-breaker
for in-person contests: team score in Round
III, second tie-breaker: total team score in Rounds I and II counting
the scores of all four team members (not just the top three),
final tie-breaker: quiz-bowl competition tie-breaker (see B.7.b.).
- Round IV of in-person contests has
a quiz-bowl format covering all topics in economics.
- One student on each team is designated as the spokesperson
for that team. Only responses from the designated spokesperson
are considered official.
- One point is awarded for each question answered correctly by
a team.
- Team members may buzz in at any time a question is being read,
however, should they buzz in before the entire question has been
read, they will have to answer based solely on the information
they have heard up to that point.
- Once a team member has buzzed in, the team has 15 seconds to
consult and have a response given by its spokesperson.
- If an incorrect response is given, the other team will have
the opportunity to hear the entire question and then have 15 seconds
to respond.
- Teams found to be “blitzing” by providing an excessive amount
of information in response to a question will have their answer
declared incorrect.
- Round IV is over as soon as one team
leads by more points than there are questions remaining.
- A maximum of 30 questions will be asked.
- In the event of a tie after 30 questions, the first team
to correctly answer a tie- breaking question will be declared
the winner.
- Use of Support Materials
- The use of books, notes, calculators or other support materials
is not allowed during the competition.
- Students will be allowed a pencil and a piece of scratch paper
in all rounds.
- Special rules for the 2008 Regional Economics Challenge competition to be conducted online
This information will be forthcoming by March
7, 2008. The online Regional Economics Challenge will be held in
real-time at 3pm EST on April 29, 2008.
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