Local Competition and Awards

Local Competition: «Manage your finances smartly, build your future wisely»

Phase 1: Initial Registration and Preliminary Exam

• Round with 40 multiple-choice questions covering:
  • Basic principles of economics
  • Financial literacy
• Format: In-person exams will be held at various examination centers across Cyprus, with the main examination center being Amphitheater 1, Tassos Papadopoulos Building, Cyprus University of Technology (CUT).
  • Limassol: CUT – Tassos Papadopoulos Building (Amphitheater 1)
  • Larnaca/Famagusta: Archbishop Makarios High School in
  • Paphos: 1st Archbishop Makarios High School
  • Nicosia: Archangelos Lyceum – Apostolos Markos
• Advancement to the next phase:
  • 30 students with the highest scores will advance to the next round.
  • Note: The number of individuals who qualify may be subject to change at the discretion of the Organizing Committee.
• Study Material: Available HERE.

 

Phase 2: Intensive Full-Day Educational Program (Bootcamp)

• Students who qualified from the first (1st) phase will participate in an intensive full-day bootcamp.
• Includes:
  • Interactive activities, such as icebreakers, and team-building exercises.
  • Lecture on a specialized topic in financial literacy, related to the International Economic Olympiad.
  • Structured study with a lunch break and guidance from mentors.
  • An exam assessing comprehension of the material taught at the end of the Bootcamp.
• Format: In-person at the University’s premises.
• Advancement to the Final (3^rd) phase:
  • 10 students with the highest combined scores advance to the final round:
    • 50% from Phase 1
    • 50% from Phase 2
  • Note: The number of students advancing may change at the discretion of the Organizing Committee.

 

Phase 3: Final Round

• Interactive Workshops:
  • Personal financial management
  • Business topics and strategy
  • Presentations and soft skills
• Two main components:

• 1. Financial Literacy Game: Assesses strategic thinking and practical application of the concepts learned.
  2. Team-based Business Case Study: Analysis and presentation of solutions for a real-world problem.

• Format: Hybrid – Combination of remote and in-person.
• Attendance: Mandatory.

 

Selection Criteria for Cyprus’s 5-Member Representation Team

• Based on cumulative scoring:
  • 25% from the Phase 1 exam
  • 25% from the Phase 2 exam
  • 25% from the Financial Literacy Game in Phase 3
  • 25% from the Business Case Presentation in Phase 3

 

Awards and Recognition

• Certificate of Participation: For all students participating in Phase 1 of the competition. Medals: A total of 20 medals will be awarded, distributed as follows:
  • 5 First-Place Medals: Awarded to the 5 Students selected to represent Cyprus in the International Economics Olympiad.
  • 5 Second-Place Medals: Awarded to the students who advance to the 3rd phase of the competition but do not qualify to represent Cyprus in the International Economics Olympiad.
  • 10 Third-Place Medals: To the students who rank 11th to 20th based on their cumulative scores from the 1^st  Phase (50%) and 2^nd Phase (50%).
• Certificates of Achievement: For each student who successfully passes each phase.
• Trophy: For the student with the highest overall score across all phases.

 

 

Additional Recognition:

• The schools of the students who excel will be officially informed of their achievements.
• Medals and awards will be presented during a special ceremony held at the university’s premises, open to the public.

 

The number of awards may be modified at the discretion of the Organizing Committee.

You can Register here. (Registrations: 13 January 2025 – 12 February 2025)