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National Economics Challenge

The National Economics Challenge (NEC) is the country’s only economics competition of its kind for high school students. It tests micro and macroeconomic principles as well as knowledge of the world economy.

Lesson

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High School Economics: Unemployment Survey

In this economics lesson plan, students conduct their own employment survey to calculate an unemployment rate.
Key Concepts: Labor Force, Unemployment, Unemployment Rate
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The Great Recession Simulation

In this economics lesson, students will learn about incentives behind bank loans.
Key Concepts: Financial Markets, Interest, Risk and Return
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Financial Institutions and Services

In this personal finance lesson, students will look into financial institutions to learn about personal investing.
Key Concepts: Credit, Economic Institutions, Saving
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Money is What Money Does

In this economics lesson, students will research the cryptocurrency Bitcoin to learn about the functions and characteristics of money.
Key Concepts: Money
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NYSE Made Easy

In this personal finance lesson, students will make choices about buying stocks.
Key Concepts: Financial Markets
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Three Types of Business Organizations

In this economics lesson, students will learn about 3 types of business organizations using candy companies.
Key Concepts: Entrepreneurs, Market Structures
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Time Value of Money

In this economics lesson, students will learn how the value of money changes over time.
Key Concepts: Decision Making/Cost-Benefit Analysis, Interest, Money
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Just How Powerful is the Fed Chair?

In this economics lesson, students will learn about the powers of the Federal Reserve Chair.
Key Concepts: Federal Reserve, Interest, Monetary Policy
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Production Possibilities Curve

In this economics lesson, students will use a production possibilities curve to learn about scarcity and opportunity cost.
Key Concepts: Choice, Decision Making/Cost-Benefit Analysis, Scarcity
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Where Does the Price of Pizza Come From?

In this economics lesson, students will examine data for buyers and sellers to learn how prices emerge in a market.
Key Concepts: Demand, Markets and Prices, Supply
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Green Eggs and ...Economics?

In this economics lesson, students will learn key economic concepts found in children's literature.
Key Concepts: Decision Making/Cost-Benefit Analysis, Division of Labor/Specialization, Market Structures
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Economic Data Lesson: Economic Policy Options

This is the final lesson in a series of lessons that introduces students to the economic data that economists use...
Key Concepts: Balance of Trade and Balance of Payments, Business Cycles, Economic Institutions…
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Unemployment Data: Is the Economy Healthy?

In this economics lesson, students will learn about economic data and what they communicate about the health of the economy.
Key Concepts: Business Cycles, Employment and Unemployment
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Marginal Analysis

In this economics lesson, students will use marginal analysis to optimize real life decisions.
Key Concepts: Consumers, Decision Making/Cost-Benefit Analysis
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Taxation and the National Debt

In this economics lesson, students will analyze arguments concerning income and corporate taxes and the impact of national debt.
Key Concepts: Budget Deficits and Public Debt, Fiscal Policy, Taxes
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How Will I Pay for College?

In this lesson, students will learn about current trends in student borrowing and determine a reasonable debt load for hypothetical...
Key Concepts: Borrow, Budgeting, Credit…
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The Columbian Exchange

In this lesson, students learn that the Columbian Exchange resulted in an enormous exchange of goods, resources, and institutions between...
Key Concepts: Economic Development, Economic Institutions, Economic Systems…
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The Economics of Voting

Since the 1960's, many Americans eligible to vote have not bothered to do so- not even in presidential elections. Low...
Key Concepts: Credit, Decision Making/Cost-Benefit Analysis, Incentive
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Transportation: They Say We Had a Revolution (Part 1)

Advancements in transportation have played a key role in the growth of our nation. U.S.government policies have also had a...
Key Concepts: Balance of Trade and Balance of Payments, Benefits of Trade, Business Costs and Revenues…
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No Extra Room on the Mayflower

The students will explore the ideas of scarcity and choices by exploring a virtual model of the Mayflower. They will...
Key Concepts: Choice, Scarcity
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Why do we need money? Think about Ebay!

The students investigate money--its purpose and functions. They complete an exercise, using the online acution site Ebay, to learn why...
Key Concepts: Foreign Exchange, Markets, Markets and Prices…
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Industrial Entrepreneurs or Robber Barons?

This lesson focuses on a group of nineteenth century industrial entrepreneurs described in many history books as Robber Barons. It...
Key Concepts: Credit, Decision Making/Cost-Benefit Analysis, Economic Systems…
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Closing the Gap

In this economics lesson, students will identify factors affecting GDP in different countries.
Key Concepts: Economic Growth, GDP, Inflation
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U.S. farmers and the Cuban embargo

In this economics lesson, students examine trade barriers using the U.S. trade embargo with Cuba.
Key Concepts: Balance of Trade and Balance of Payments, Barriers to Trade, Trade, Exchange and Interdependence
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The Entepreneur in you?

Throughout this lesson students take note of the role of risk and incentives as factors found in all entrepreneurial pursuits....
Key Concepts: Entrepreneurs, Incentive, Risk and Return
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Wages and Me

In this economics lesson, students will identify factors influencing wages.
Key Concepts: Demand, Income, Supply
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Is Globalization a Dirty Word?

Is globalization a dirty word? The shocking decision by Great Britain to leave the European Union seems to cast doubt...
Key Concepts: Balance of Trade and Balance of Payments, Benefits of Trade
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Rationing Transplants: An Ethical Problem

On November 1, 1999, Walter Payton, former Chicago Bears running back, died waiting for a liver transplant. Payton's death re-opened...
Key Concepts: Demand, Incentive, Market Structure…
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Professional Development

Exchange Rates: How Money Affects Trade

In this economics lesson, students will compute exchange rates to learn their impact on international trade.
Key Concepts: Markets and Prices, Trade, Exchange and Interdependence
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