Competition

The Economics Olympiad welcomes all students aged 14-20 from any secondary school in your country. Participants are eligible until they complete their education or reach 21. Even those turning 21 before the International Finals may compete if they’ve secured a top 5 national position. Open to all high schoolers with an interest in economics, the EO doesn’t require prior formal education in the subject, ensuring broad accessibility to students passionate about understanding economic principles.

To participate in the Economics Olympiad, students aged 14-20 from any secondary school need a licensed National Organizer in their country and an EO Coordinator (teacher) at their school. This structure ensures a supportive framework for students to engage effectively in the competition, fostering an enriching experience in economic education.

The Economics Olympiad comprises several stages designed to promote participation, foster healthy competition, and identify the most talented students. Let’s explore the various stages of this exciting journey:

1. School Round:

The competition begins at the school level, where students compete with their fellow schoolmates. This round serves as a platform to showcase their economic knowledge and problem-solving abilities. The best-performing students advance to the next stage, the Regional Round.

2. Regional Round:

In the Regional Round, top students from the School Round compete with other students from the same region within their nation. This stage further challenges their understanding of economic concepts and their ability to apply them to real-world scenarios. Participants demonstrate their analytical skills and economic acumen, striving to excel and secure a place in the National Round.

3. National Round:

The National Round brings together the top 50-100 students from the Regional Round. These exceptional students compete for the coveted title of national champion. This stage showcases their comprehensive understanding of economics and their ability to think critically and creatively. The top five students from each nation earn the honor of representing their country in the International Final Round.

4. International Final Round:

The International Final Round is the pinnacle of the Economics Olympiad journey. Each September, the top five students from each participating country gather at the host nation for a rigorous two-day experience. This prestigious event is a culmination of knowledge, skills, and passion for economics. Students engage in challenging tasks, including case studies, presentations, and collaborative projects, guided by leading economists, successful entrepreneurs, and academics. They not only compete but also forge lifelong connections with fellow participants from around the world.

Our Philosophy:

Throughout the competition, participants are immersed in a dynamic learning environment, where they meet and learn from leading experts in the field. They create lasting bonds with fellow students, economists, successful entrepreneurs, and academics, establishing a network of like-minded individuals passionate about economics and its real-world applications.

The Economics Olympiad’s multi-stage structure provides a platform for students to develop their economic knowledge, critical thinking skills, and problem-solving abilities. It offers a transformative experience that empowers participants to become future leaders in the field of economics. Join us on this remarkable journey, where students compete, learn, and grow, building lasting connections and shaping a brighter economic future.

Our curriculum meticulously aligns with standard economic textbook terminology, ensuring a rigorous and comprehensive educational experience:

Economic Principles and History

• Economic Methodology: Delving into the principles and scope of economics, grounded in foundational concepts.
• History of Economic Thought: Tracing the evolution of economic theory from early thinkers to the Marginal Revolution, and further exploring post-Marginal developments in economic thought.

Microeconomics

• Consumer Behavior and Market Demand: Analyzing consumer choice, demand determinants, and risk preferences using utility theory.
• Production and Costs: Examining firm behavior, cost structures, and supply decisions within various market conditions.
• Market Structures: Differentiating between perfect competition, monopoly, monopolistic competition, and oligopoly, including regulatory and antitrust implications.
• Factor Markets and Distribution: Exploring the allocation of resources and distribution of income in factor markets.
• Market Failures and Strategic Behavior: Addressing externalities, public goods, game theory, and behavioral economics insights.

Macroeconomics

• National Income and Price Measurement: Understanding GDP composition and inflation measurement.
• Economic Growth: Investigating determinants and models of long-term growth.
• Monetary and Fiscal Policy: Exploring the roles of central banks, money supply, and governmental budgeting in economic stabilization.
• Business Cycles and Unemployment: Analyzing fluctuations in economic activity and labor market dynamics.

International Economics

• Trade Theories and Policy: Examining comparative advantage, trade barriers, and policy effects on international trade.
• Open Economy Macroeconomics: Assessing exchange rates, balance of payments, and the global financial system.
• Integration and Policy: Understanding the economic implications of regional trade agreements and common markets.

Contemporary Economic Issues

• Global and Regional Economic Dynamics: Insight into recent developments in global and regional economies.
• Economic Policy Analysis: Evaluating the impact of fiscal, monetary, and trade policies on economic performance.

Financial Literacy

• Interest and Investment: Basics of interest calculation, including simple and compound interest, and an introduction to investment principles.
• Financial Markets and Instruments: Overview of financial markets, securities, and other investment vehicles.
• Risk Management: Fundamentals of insurance and strategies for managing financial risk.
• Inflation and Purchasing Power: Understanding the causes and consequences of inflation on money’s value.

This curriculum is designed to provide a solid foundation in economics, mirroring the depth and rigor found in leading textbooks like those by Mankiw, ensuring participants are well-prepared for both the Economics Olympiad and their academic pursuits.