IEO: International Economic Olympiad
On May 1st 2021 we will be holding a remote competition to find the best economics students in Ireland to represent their country in the International Economics Olympiad (IEO) 2021.
The IEO will be held remotely from Latvia between July 26th and August 1st 2021.
We aim to take a panel of 10 students with the top 5 students making the Irish Team. The remaining five students can take part in the Open Olympiad which will run concurrently. Students will be taught remotely during the Summer in Microeconomics, Macroeconomics, Financial Literacy, Econometrics and Business Case Study.
This is a very challenging but enjoyable event. Last year our team brought home three bronze medals. If you wish to follow in the steps of Padraic Clarke (Rockwell College), Luke O'Donovan (Colaiste Muire, Crosshaven), Faolan Campbell (Colaiste Oiriall, Monaghan) Conor Lynn and Adam McCourt (St Marys, Magherafelt). Inez Murray of Sacred Heart, Newry took part in the Open Track Competition
How to Take Part
All YEOTY medal winners from 5th and 6th year in 2021 and from TY and 5th year in 2020 are eligible to sit Round One of the IEO Selection exam. Members of the Irish IEO governance committee comprising of educationalists academics and government partners created an IEO style multiple choice question (MCQ) style exam. This will be based on the Principles of Economics and will take place on 1st May 2021 from 11 am-12 noon. This has now been completed. If you missed it and still want to take part, please contact email@example.com
A small number of students who successfully complete this online exam will be short-listed for Round Two where they will sit a Financial Literacy Assessment. This will take place remotely on 8th May 2021.
The cumulative score from Round One and Round Two will decide the Irish IEO panel. All students who are on the panel will be required to commit to a number of team development sessions and online lectures/classes in Microeconomics, Macroeconomics, Econometrics plus Business Case Study starting mid-June and throughout July.
On successful completion of the preparation outlined above, members of the panel will be interviewed for the selection of the final team of 5 who will represent Ireland in the 2021 online IEO. The remaining students will be invited to take part in the Open Track competition that runs parallel to the official Olympiad.
Qualifier Round 2: Financial Literacy Assessment
Information and Sample Assessment
For those that have progressed from the Exam held on Saturday 1st May, the second and final round of the qualifiers for the Irish panel takes place on Saturday 8th May at 1pm-3pm.
Anyone can try the game out via finance.ecolymp.org by registering new account. The instructions and other information about the gamecan be found on the 2020 tasks page: https://ecolymp.org/prepare . It is strongly advised that students do try to play the game in advance and learn how to use the interface.
On the day of the competition, everyone will be automatically logged out of any active game an hour before the competition starts, and will have to log in using a personal login code. The personal log in code is being emailed to all students who have qualified for Round 2.
* If a contestant will need to logout from the wrong account - he or she shall use this link: https://finance.ecolymp.org/logout
Contestants can login with the code in advance. Usually, they will be automatically led to the competition with a timer on when it starts. If not - they can manually check if they do see the campaign on the competitive sessions screen.
To deal with any situation there are two main pieces of advice:
- use the latest google chrome browser and be sure to log in using the given code emailed to you.
- if anything goes wrong, the game is too slow in responding - do not hesitate to refresh the page (all the data is always on the server, nothing will be missing)
Round 1 Qualifier: Sample Exam Papers
The exam for Round 1 to qualify for the panel of students to represent Ireland will take the form of 30 multiple-choice questions.
Below are two sample exams with the solutions, to help you prepare.
Note that the samples are pdfs, the actual exam will be conducted via an online format.