BASIS Scottsdale to compete in National Economics Challenge

BASIS Scottsdale is at 10400 N. 128th St. (submitted photo)

Sixteen U.S. teams, including one from BASIS Scottsdale High School, will compete in the 19th Annual National Economics Challenge finals from May 18-20 in New York City.

The top students out of more than 10,000 who competed nationwide will represent their states in the finals. The Council for Economic Education’s NEC builds critical thinkers and tomorrow’s leaders, a press release states.

The NEC recognizes high school students for their knowledge of economic principles and their ability to apply problem-solving and critical-thinking skills to real-world events.

“Not only does the NEC allow students to collaborate, but it offers them an engaging way to learn economics, which is so important in life,” Nan J. Morrison, CEE’s president and CEO, said in a prepared statement.

“Each year I am so impressed by the caliber of students participating in the NEC. This competition ably demonstrates the intellectual strength and potential of tomorrow’s leaders.”

The NEC also includes CEE’s NEC: International round, featuring a quiz bowl between the winning U.S. and China teams. The China teams represent the winners from CEE’s NEC: International, which CEE’s exclusive partner SKT Education has, according to a release.

More than 2,300 Chinese students participated in the Challenge in China, 72 of whom will compete in the New York City finals.

The competition covers microeconomics, macroeconomics, international and current events in both critical thinking and quiz bowl rounds. Students compete in one of either two divisions depending on their level of experience.

The Adam Smith division is for advanced placement, baccalaureate and honors students. The David Ricardo division, where BASIS Scottsdale will compete, is for semester general economics students participating in the NEC for the first time.

The National Economics Challenge will be emceed by Andrew Ross Sorkin, a financial columnist for The New York Times and a co-anchor of CNBC’s Squawk Box.

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