NEW YORK – May 27, 2011 – Phillips Academy (Andover, MA) placed first in a rigorous quiz bowl to become the national champions of the 2011 National Economics Challenge, presented by the Council for Economic Education.
Teams who competed to win the national title placed as follows:
- Phillips Academy, Andover, MA – 1st place
- Mounds View Senior High School, Arden Hills, MN – 2nd place
- The Harker School, San Jose, CA – 3rd place
- Choate Rosemary Hall, Wallingford, CT – 4th place
- Iolani School, Honolulu, HI – 5th place
- North Carolina School of Science and Mathematics, Durham, NC – 6th place
Phillips Academy was lead by interim-coach Jeffrey Phaneuf. Team members were Advaya Krishna, Nitipat Kulalert, James Lim and Chuan Xu.
“Phillips Academy and the Department of History and Social Sciences are immensely proud of our team and their victory in the National Economics Challenge. This group of four students put the team together on their own, prepared completely by themselves and faced brilliant and talented opponents. We are glad to have [lead] them to this accomplishment and that their hard work has paid off,” said Phaneuf.
Over 5,000 high school students in 32 states contended for a spot in the championship in New York City. Finalist teams competed in an oral quiz bowl about complex economic concepts and theories of micro- and macroeconomics, international economics and current events. Students were quick to buzz in, often ringing in before the questions were read in their entirety. First and second rounds of the competition were close in score.
“The past three years of economic uncertainty have shown us how essential economic understanding really is,” said Nan J. Morrison, President and CEO of the Council for Economic Education. “If our fate is in the hands of these remarkable young people, I am feeling very optimistic about our future.”
The 2011 National Economics Challenge was made possible by generous support from State Farm® and the Stiles-Nicholson Foundation.
About the National Economics Challenge:
The CEE created the National Economics Challenge in 2000 to promote student interest in economics, reinforce classroom instruction, advance academics and school spirit and reward scholarship. In 2011, more than 1,200 teams of high school students participated in 32 states nationwide. The National Economics Challenge is one of several key initiatives in the CEE’s “Campaign for Economic Literacy” which seeks to focus public attention on the importance of economic literacy and the need for a high-quality, standards-based economics curriculum in every state.
About the Council for Economic Education:
The CEE aims to empower people to make informed and responsible choices throughout their lives as consumers, investors, citizens, and participants in the global economy. The CEE advocates for better and greater school-based economic and personal finance education at the K-12 level through well-prepared teachers and high quality programs that help young people achieve economic and financial literacy. Each year the CEE’s programs reach more than 150,000 K-12 teachers and over 15 million students in the United States and in more than 36 other countries.