ECONOMICS—INDIVIDUAL EVENT
SECTION, STATE, AND NATIONAL COMPETITION
This event provides recognition for FBLA members who can identify, understand, and apply
economic principles to contemporary social, political, and ecological problems.
ELIGIBILITY
The participant may not have previously competed in this event at the national level.
Section:
Each local chapter with up to 49 members may enter a maximum of three (3)
members. See the Eligibility Section at the front of this document to determine the
number of competitors your chapter may enter if your chapter has 50 or more
members.
State:
A minimum of the top five (5) places from section competition will represent their
section at the State Leadership Conference. See the Eligibility Section at the front
of this document for instances where more than five (5) will advance to the state
level. This event qualifies for a wild card entry; see the Eligibility Section at the
front of this document for wild card entry information.
National:
The first, second, and third place winner in state competition will represent
California at the National Leadership Conference. Advisers and participants
should refer to the latest edition of the FBLA Chapter Management Handbook for
national competitive event guidelines.
OVERVIEW
A one-hour objective test will be administered based on the competencies listed.
OBJECTIVE TEST PROCEDURE

All participants must report at the event time listed in the program. If a participant arrives
after the testing administrator has begun giving event instructions, he/she will not be
admitted to the testing area.

All students from each school must take this test at the same testing session.

All participants must show photo identification at the time the event starts or he/she will
not be allowed to compete. A faxed copy is not acceptable.

The participant must comply with the FBLA Conference Dress Code or he/she will not be
admitted to the testing area.

Participants must furnish their own No. 2 pencils and erasers.
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CA FBLA Competitive Event Guidelines
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2013 Edition (8-1-12)
ECONOMICS (Page 2)
Objective Test Competencies
 basic economic concepts and principles
 productivity
 macroeconomics
 market structures (monopoly, oligopoly, etc.)
 investments and interest rates
 role of government
 monetary and fiscal policy
 types of businesses/economic institutions
 business cycles/circular flow
 supply and demand
 international trade/global economics
NBEA Standards Reinforced by Event
 Economics and Personal Finance: allocation of resources, economic systems, economic
institutions and incentives, markets and prices, market structures, productivity, role of
government, international economic concepts
 Entrepreneurship: economics, aggregate supply and demand
 International Business: global business environment
 Management: organized labor
Career Clusters: Business, Management and Administration; Finance; Marketing
CA FBLA Competitive Event Guidelines
2
2013 Edition (8-1-12)