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Student Competitions

Dates for each competition are below!

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The Stock Market Game™
Grades 4-12

The Stock Market Game™ is a 13-week program that introduces students to the world of investing. Perfect for face-to-face or virtual classrooms, students work in teams of 1-5 to build an investment portfolio starting with $100,000 virtual cash. This student-focused simulation engages students as they buy what they know, study current events, and research. 

First-place teams in each region will split a cash prize of $125. They will also receive medallions and certificates and the school will receive a banner. 

FREE teams are available through a scholarship opportunity we have. The link to the application can be found on the Stock Market Game™ Funding Sources page.

The dates for the 2021-22 Stock Market Game™ competitions are:

Fall 2021: September 7 - December 3, 2021

Spring 2022: January 10 - April 8, 2022

Year-long: September 7, 2021 - April 15, 2022

Congratulations to our 2020-21 Stock Market Game™ Winners!

To see a full list of the 2020-21 winners, click here

Stock Market Game™ Prize Amount
All 1st Place Regional Winners $125 (split among team members)
Teacher Division Winner $100
State #1 Overall Portfolio (students) $250 (split among team members)
State #1 Overall Portfolio (teacher) $250

$10 Challenge

Grades 9-12

November 15, 2021 - April 15, 2022

Powered by Stephens Inc.

Do you have students who have an entrepreneurial mindset? Consider introducing them to the $10 Challenge. Stephens Inc. has created a series of videos that spotlight the story of entrepreneurs who were ordinary individuals that did extraordinary things in the world of business. Economics Arkansas has created 12 lessons to accompany the videos and can be found on the iNSPIRE Lesson Plans page. 

Students take $10 of their own money and launch a new business venture. Students work independently to submit a descriptive story of their business venture(s), including a timeline of activities and a personal response to the question: "What did you learn through this experience?" These stories must be submitted as an 18 - 27 panel graphic novel created through Pixton, using the comic book feature. A free access code will be provided to all participants. As an alternative, students may submit a PowerPoint to showcase their $10 Challenge experience.

Competing students must complete a submission form tracking their finances throughout the competition. This form can be downloaded from the resource list below. 

Both winning teachers and students receive cash prizes (up to $300 for students and $200 for teachers), certificates, and medallions. 

Deadline to submit entries is April 22, 2022. Entries may be submitted to

Challenge Resources:

To learn more about the $10 Challenge, click on the video below.

Congratulations to our 2021 $10 Challenge Winner!

Indeia McBride, Southwest High School, Little Rock School District

$10 Challenge Prize Amount
1st Place* $300
2nd Place* $200
3rd Place* $100
1st Place Teacher $200
2nd Place Teacher $100
3rd Place Teacher $50

*DISCLAIMER: A minimum score of 16 is required for award consideration. Find more information in the submission form and grading rubric included above. 

Arkansas Economics Challenge

Grades 9-12

Thursday, April 7, 2022 Virtual

The Arkansas Center for Research in Economics and Economics Arkansas will be co-hosting a virtual state-level competition for Arkansas high school students this April! Teachers can register teams of 3-4 students who will compete against other teams from around the state. Winning teams will receive cash prizes up to $500, scholarships, and the chance to move on to the later stages of the National Economics Challenge. 

The competition will consist of three components:

  • A testing portion: This portion of the event is an exam that will test students’ knowledge of micro and macroeconomics as well as knowledge of the global economy. Team members' scores are averaged and the highest-scoring team will be eligible to move on to the next round of Econ Challenge.
  • A writing submission: Using a provided writing prompt, students can submit their 500-700 word writing submissions prior to the Econ Challenge to be entered into the Writing category. The prompt from this category can be incorporated into classroom lessons as a larger class assignment or something students can work on independently. The top writing submissions in this category will receive prizes and will be announced during the competition.
  • Team Presentations: Student teams will work together to create and present presentations on economic topics to a team of judges. The theme for the 2022 Competition is “Where in the World” where students will explore the global supply chains behind a variety of products and learn where markets come together to meet the needs of people all over the world.

Questions? Contact Terra Aquia at

Congratulations to our 2021 winners!

To see a full list of this year's winners, visit

Below is the Digital Design Contest winning project: 

Econ Challenge Prize Amount
1st Place (Adam Smith) $500 (split among team members)
1st Place (David Ricardo) $500 (split among team members)
2nd Place (Adam Smith) $250 (split among team members)
2nd Place (David Ricardo) $250 (split among team members)
1st Place Writing Submission $100
2nd Place Writing Submission $50
1st Place Digital Art Submission $100
2nd Place Digital Art Submission $50
Library Award (awarded to top performing school's library to expand their econ options) $150
Student OTY (highest scoring student overall) $100
Teacher OTY (selected by event organizers - teacher whose students show the most success) $100

Arkansas VIRTUAL Personal Finance Challenge

Grades 9-12

Wednesday, April 13, 2022

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This virtual event is intended for Arkansas high school teachers, grades 9-12. If you are an Arkansas high school student, please share this with your teachers!

High school students can demonstrate their knowledge of personal finance and win prizes in a one-day competition with other students hosted virtually by Economics Arkansas and the Federal Reserve Bank of St. Louis. 

Each teacher may register one team of three to four students, and no advance qualifications or tests are required. More details can be found on the Arkansas Personal Finance Challenge page

Prize money, certificates, and medallions will be awarded. The first-place winning team will receive $500 and advance to the National Personal Finance Challenge. The first-place winning team will be presented with their award at the Economics Arkansas Board of Directors meeting in Little Rock in May 2022.

The competition is free, but registration is required by Friday, March 18. Registration is live on the Federal Reserve Bank of St. Louis' website.

To see rules and a sample case study, click here.

Personal Finance Challenge Prize Amount
1st Place $500 (split among team members)
2nd Place $300 (split among team members)
3rd Place $150 (split among team members)
1st Place Teacher $100
2nd Place Teacher $75
3rd Place Teacher $50

Pitch It! Competition

Grades 9-12

Powered by Stephens Inc.

Many are familiar with pitch competitions. This competition gives students a real-world application to classroom lessons. Students pitch a new business idea before a panel of judges for prize money. 

Winners receive cash prizes (up to $150), certificates, and medallions. The school will receive a certificate.

Students may submit a 90-second business pitch idea by April 22 to be eligible. Preliminary judging will occur and finalists will be notified by April 27. The final live round pitch will appear on May 4 at 10:00 am.

Students should submit their video pitch idea using this Dropbox link.

Congratulations to the 2021 Pitch It! Competition Winner!

Stacia Toney, Arkansas School for Mathematics, Sciences, and the Arts

Pitch It! Competition Prize Amount
1st Place $150
2nd Place $100
3rd Place $50


Contact Marsha Masters at