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 at examination centres that will be announced soon with central location the Amphitheater 1 of the Tasos Papadopoulos Building at the Cyprus University of Technology.
  • 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 (3rd) 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 1st  Phase (50%) and 2nd 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)

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