Gov's logo smallAn online and live competition for Virginia high school teams. There’s no charge to compete!

  • Get students fired up about economics and personal finance
  • Motivate them to learn and excel
  • Encourage healthy competition and school pride

How Does the Online Challenge Work?

Teams of up to 4 students compete in one or two divisions: Personal Finance and Economics divisions (described below). Each team member has 35 minutes to complete a 30-question online exam with questions that align with Virginia’s economics and personal finance SOLs. Registration begins January 1, 2016 and students can log in to compete anytime between March 1st-15th by 5pm.

In each of three divisions, the winning team in 9 regions will be acknowledged and win a trophy. Regions are based on 8 regions set by the Virginia Department of Education and one region for multidivision online teams. Teachers may obtain individual and team test scores from the online test once the testing window closes.

How Does the Championship Competition Work?

Up to 12 teams in each division are invited to compete in the Championship held in Richmond, April 14, 2016. Regional winners in the Online Challenge as well as top scoring teams (not to exceed one team per teacher in that division) are invited.

In the Personal Finance division, students present recommendations based on issues set out in a case study. A written portion is submitted in advance. Click here to view last year’s case study. In each of the Economics divisions (Adam Smith and David Ricardo) students test their knowledge in the morning. Students from the top scoring teams face off in a Quiz Bowl to determine the top team. Virginia’s state championship teams and their teacher from each division are invited to participate in national competitions with most expenses covered. Details available here.


Personal Finance

For students enrolled in a course that includes some personal finance content

Adam Smith

IB, AP, honors, college-level or 2-semester general econ course

David Ricardo

1-semester general econ course – including courses taught to satisfy the Economics and Personal Finance requirement – or any course that teaches econ-related content not labeled AP, IB, honors, or college level (Government, Business, World Geography). Teams that participated in a previous State Championship must compete at Adam Smith level.

Register Online

Teacher registration begins online January 1, 2016. Once registered, teachers create student teams of 3-4 students per team.
For Adam Smith and David Ricardo (economics divisions), register at
For Personal Finance, register

Additional information

Important Dates
2015 Personal Finance Case Study
2015 State and Regional Winners
Championship Challenge Details
Past Winners


Ruth Cookson or 757.683.5570 for questions regarding the Online Challenges.

Thanks to lead sponsor of the 2016 Governor’s Challenge, Capital One, along with Virginia Credit Union. Additional thanks to the VA Department of Education and members of the business community who serve as judges for final championship rounds.