The usual deadline for submission is April 30. This academic competition for high school students has two divisions, economic theory and consumer economics.
Students compete as four-member teams in three written exams and one college bowl speed round.
They also compete in regional finals at the Federal Reserve Bank of Chicago. All participants receive an Economics Challenge certificate and T-shirt. The competition is usually held in late April. Innovative Economic Educator Awards recognizes teachers who create and implement innovative projects that increase economic understanding. The usual deadlines for both awards are May 15 for nominations and July 15 for entries.