Do you know where open market operations are executed or what is the highest possible value of a Herfindahl Index? Do you know what a Herfindahl Index is?

If not, just ask Michael Raymer’s economics team at Starr’s Mill High. They just won both first and third place in the state Economics Challenge, which is in collaboration with the National Council on Economic Education and the Goldman Sachs Foundation National Economics Challenge. The students are now on their way to competing in the online East Regional competition on April 29 along with other students from Connecticut, Delaware, Florida, Maryland, Massachusetts, New York, North Carolina, Ohio, Pennsylvania, South Carolina and Virginia. The regional winners and their teachers will each receive $1,000 U.S. Savings Bonds and the runner-up teams and their teachers will each receive $500 U. S. Savings Bonds.

The regional winners will advance to the national finals in New York City May 17-19.

A total of 35 states are competing in this year’s challenge. In each competition, teams of students answer rigorous questions on microeconomics, macroeconomics and international economics. The final round is conducted in an oral quiz bowl format. The National Economics Challenge is the only national competition to foster interest among high school students in economics by recognizing their achievements and offering a fun and competitive way to showcase their knowledge.

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