Mentored by MITWPU School of Economics, the Indian Student Team bags Gold and Bronze at International Economics Olympiad 2019-St.PetesBurgh-Russia.
The International Economics Olympiad (IEO) is an annual competition in Economics organised for students at secondary school level. The objective is to find and inspire young talent from around the world who will be the leaders of tomorrow in Economics, Finance and Business.
The School of Economics of MIT World Peace University-Pune in association with Meccademia UAE conducted the national level Economics Olympiad and nominated five top rank students for representing India at the International Economics Olympiad scheduled at St. Petersburg Russia from 23rd July to 1st August 2019. All five candidates were mentored by faculty members of School of Economics MIT-WPU Pune.
The International Olympiad competition was very intense comprising of three rounds of evaluation in Financial literacy, Business case and Economics Concepts. Round one was financial literacy simulation where candidates were expected to invest virtual money and make more profits. The second round was written examination about corporate focus- micro economics and policy making with design thinking. The candidates were given a number of questions relating to various sub fields of economics. Third round was the business case, prepared by McKinsey, which was dedicated to the possible project of a Hyperloop in Russia. Hyperloop is a concept of mode of passenger and freight transportation. All these levels of competition stimulated the creative problem solving and logical thinking among the candidates. There were a total of 29 teams consisting of five members each from different countries who participated in IEO 2019. All candidates were assessed individually as well in groups. The Indian Students team secured one gold and one bronze in the individual category. Overall winner was Brazil. We are looking forward to take the performance of Indian Team to next level in IEO 2020, which will be held at Kazakhstan.
Sharing her experience, Prof. Dr. Shailashree Haridas -the Dean of MIT-WPU School of Economics and invited jury member for the Olympiad said, “The experience is one we will cherish for a long time with different languages to speak and countries to learn about. There are seldom such opportunities where one gets to interact on an international level and with top notch experts. It was also an opportunity to exchange information about teaching learning process across the world. It was indeed an incredible journey for all of us involved.” Dr. Shailashree Haridas was also nominated to be an international board member for IEO.