Studying in the U.S
Contest information
Maximum 4 students per class
Class Introduction
The National Economics Challenge Prep is a course designed to prepare students for the National Economics Challenge, a nationwide competition that tests their knowledge and understanding of economics. This course will cover a variety of topics related to economics, including microeconomics, macroeconomics, international economics, and personal finance. Through a combination of lectures, discussions, and hands-on activities, students will have the opportunity to learn from experienced instructors and practice applying their knowledge to real-world scenarios. Whether you’re new to economics or looking to expand your skills, the National Economics Challenge Prep is an excellent way to challenge yourself and prepare for success in the competition.
Instructor: A veteran NEC coach who has guided students to earn numerous awards, including Global Second Place and Regional Champion titles across both NEC divisions. She also served for many years as an official AP Economics Exam Reader and brings nearly 40 years of teaching experience in economics.
Aralia is recruiting students for National Economics Challenge state teams, including Massachusetts, New York, Connecticut, Texas, and other participating states.
Outcome
After completing the course, students are expected to reach the following goals:
- Understand the role of microeconomics through the study of utility, production, supply and demand, equilibrium, labor, opportunity cost, scarcity, and sunk costs.
- Explore the main components of macroeconomics through the study of inflation, gross domestic product, unemployment, and monetary and fiscal policies.
- Understand the role of international trade through the exploration of globalization, exchange rates, and comparative advantage.
- Understand the role of economics through the study of money, financial markets, and behavioral economics.
- Compete in the David Ricardo National Economics Challenge division.
Class Structure
15 group classes, 2 hours each, 30 hours of instruction in total
Feedback
Students and their parents will receive brief feedback after each class regarding the student’s general participation in class. Students will also receive feedback on graded assignments via email.
Further reading
To best prepare for this program, we recommend reading:
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