Case Study Information

Top-scoring student teams in the online Personal Finance Division of the Governor’s Challenge will be invited after March 20th to submit their case study online by April 29, 2021, by 3:00 PM. Those who accept must:

  • Provide a written report in any format they believe appropriate that addresses the issues/questions raised in the attached Case Study and accompanying financial statements. The report should set forth their recommendations and include any assumptions and calculations they believe would be helpful for the judges. [Note: Three to four students per team.  Substitutions for good cause are allowed.]
  • The report cover should include names of the student financial planning team, and name of sponsoring teacher, school and school division.
  • MAXIMUM page limit: the report with recommendations may not exceed 10 pages double-spaced, not including the cover page, responses to the questions, and the financial statements. An appendix may also be added with any supporting documentation and calculations if deemed appropriate.
  • The top-scoring team from Virginia’s online competition and submission of the case study will move to the National Competition.
    • In the event of a tie, the team who used the least amount of time on the online exam is the tiebreaker.
  • E-mail the report to mcnamarasa@vcu.edu. You will receive notification of receipt by return e-mail.
  • Submit the report by Thursday, April 29th at 3:00 PM. 

Click to download our Case Study Teacher Guidelines 

Click to download the 2021 Governor’s Challenge Case Study

Click here to download the 2021 Governor’s Challenge Rubric

Click to download the 2021 Governer’s Challenge Financial Statements

Funding for this program was made available to teachers and students through the generous support of the Voya Foundation and the Council for Economic Education.


Note to teachers: Regardless of whether you are able to participate in the Governor’s Challenge, we hope you will review the issues raised in the case study and consider using them in the classroom as group presentations and breakouts. Doing so will provide a good opportunity to apply many of the personal finance concepts and knowledge for your students. Below are examples of Case Studies.  They also provide a good opportunity to exercise financial knowledge.

Example 1 Personal Finance Case Study
Example 1 Case Study Financial Statements
Example 1 Rubric for Judging

Example 2 Personal Finance Case Study
Example 2 Case Study Financial Statements
Example 2 Rubric for Judging