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Saint Thomas Academy Team Wins State Economics Challenge, Advances to Nationals

A team of seniors from Saint Thomas Academy recently won the David Ricardo division of the State Economics Challenge, a competition on microeconomics, macroeconomics, international economics, current events and economic problem-solving. The team will participate in the national semi-finals on Thursday, May 20. The David Ricardo division is for students currently or previously enrolled in a general/introductory economics or personal finance course.

The Minnesota championship team included Thomas Moser of Woodbury, John Grismer of Woodbury, Garrison Solliday of Inver Grove Heights and Chip Knapp of Saint Paul (Mac-Groveland) of the Econ team (pictured L-R).

The National Finals, to be held May 22-24, will include a critical thinking round and virtual quiz bowl where students will present to and answer questions from economists and financial professionals. The winning team will win $1,000 and each student team member as well as one coach from the top four teams will receive a medal and certificate of their accomplishment.

Economics Challenge began in 1986. In 2001, the competition became a national program with more than 10,000 students competing across the country in the National Economics Challenge. Minnesota’s Economics Challenge program prepares students to apply their classroom knowledge and learning to test their economic understanding and reasoning abilities, equipping them to be creative problem-solvers and leaders in and out of the classroom.

About the Minnesota Council on Economic Education
Established in 1961, the Minnesota Council on Economic Education is a nonprofit organization housed at the University of Minnesota with a mission to equip Minnesotans with the economic and personal financial understanding needed to succeed in today’s complex economy. MCEE accomplishes this mission by teaching teachers, engaging students and reaching communities. MCEE is an affiliate of the national Council for Economic Education (CEE). As a leading state council with almost 60 years of service to Minnesota, MCEE is well placed through collaborative partnerships with public and private entities to fulfill its mission even in the midst of a rapidly changing world.