The IEO starts
The ceremony was held at the 24 of July at the HSE.
The International Economics Olympiad has finally started!
The opening ceremony was held at the Higher School of Economics (HSE) in St Petersburg and was followed by a lecture on Mechanism Design by the Noble Prize winner Eric S. Maskin.
This year, a total of 133 contestants from 23 countries are participating in the competition. All of them passed a rigorous selection process and are national competition winners. Like last year, the event is initiated by the Higher School of Economics and supported by Sberbank.
“
I don't actually agree with everything that Karl Marks said. But I do agree with one point that he made in particular. And that is that economics is the foundation of society. There's a sense of which, I think, economics is the most important of all the sciences because it helps us understand how society works. But it's not only an important subject. It's also a fascinating subject.
Eric Maskin
On completing the first two rounds, the contestants will be scored individually, while at the final round, they will be working in teams. Based on their overall performance, the winners will be announced for individuals and teams. In addition to that, prizes will be awarded for outstanding results or solutions for specific rounds of the competition.
The Olympiad will last a week and have three rounds, each with its own topic: economics, financial literacy, and a business case. The first task is an online simulation game in creating unique financial plans. On the second day, the participants will have to solve high-level economic problems. And the third round is the most creative one, as students will need to come up with a solution to different cases and make a convincing presentation.
Rounds
1
Game
The first task is an online simulation game in creating unique financial plans.
2
Economics tour
On the second day, the participants will have to solve high-level economic problems.
3
Case by McKinsey
And the third round is the most creative one, as students will need to come up with a solution to different cases and make a convincing presentation.
Danil Fedorovykh, President of the IEO
Here are some pictures of our contestants!
