High School Students from 46 Countries to Participate in the 2021 International Economics Olympiad
More than 200 high school seniors representing 46 national teams will compete for the title of the world's best young economists in July at the 4th International Economics Olympiad (IEO). The competition will be held online from July 26 to August 1. All the participants have won competitions in economics and financial literacy in their home countries. HSE University is the general partner of the Olympiad.
‘It is a great honour for us to host the International Economics Olympiad at the University of Latvia. This is the highest praise for the contribution of Latvian representatives to the development of the Olympiad. We will do our best to turn this competition into an unforgettable adventure for talented teenagers, help them learn a lot and make friends from all over the world,’ said Gundars Berzins, Dean of the Faculty of Business, Management and Economics of the University of Latvia.
This year’s competition sets an all-time record for the number of participants, with national teams from 26 countries taking part: Albania, Armenia, Australia, Austria, Bangladesh, Belarus, Brazil, Bulgaria, Cambodia, Canada, China, Colombia, Croatia, Ecuador, France, Ghana, Greece, Hong Kong, India, Indonesia, Iran, Ireland, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Lithuania, Malaysia, Mexico, Nepal, New Zealand, Nigeria, Poland, Portugal, Romania, Russia, South Korea, Spain, Sri Lanka, Switzerland, Taiwan, Thailand, Turkey, USA, Uzbekistan, and Vietnam.
The opening ceremony will take place on July 26, and the winners and runners-up in the individual and team competitions will be announced on August 1. Egils Levits, President of Latvia, will be present at the ceremony.
The Olympiad is being held for the fourth time this year. It was founded by HSE University and has previously been held twice in Russia (in Moscow and at HSE University – St. Petersburg) and in an online format in Kazakhstan. The IEO consists of three stages, each dedicated to a different topic: financial literacy, economics and solving business cases. The first two stages are scored individually, while in the last stage, the participants work in teams.
Russia will be represented by five high school seniors: Margarita Shevtsova (Moscow, ‘Second School’ Lyceum), Sofia Pirogova (Moscow, School No. 57), Boris Ivanchikov (Chelyabinsk, Physics and Mathematics Lyceum No. 31), Maxim Filippov (Moscow, HSE Lyceum), Mikhail Gryaznov (Krasnoyarsk, School of the Centre for Teaching Excellence).
In 2020, Russia’s Aleksander Lutsenko was named the overall winner of the Olympiad, while the rest of the Russian team won two gold medals and two bronze medals. Russia was also the bronze medallist in the team event.
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