Economics Olympiad
Economics Olympiad (EO) is a project that improves the level of economic and financial literacy in the country. It was established by the Institute of Economic Education (INEV) in the Czech Republic in 2016, and since 2017 it has become an international project. INEV already conducts Olympiads in 6 countries (Slovakia, Hungary, Greece, Bosnia-Herzegovina, Poland, China), in which 100,000 students and 3,500 teachers are involved annually, and this data is growing.
The Economics Olympiad in Georgia is held under the INEV model and its mandate, which is carried out by the Georgian Economic Literacy Initiative (GELi) in partnership with the Bank of Georgia, Economic Fundamental Initiative (EFI) and Tbilisi Free University with the exclusive rights. The media partner of the Olympiad is Business Media Georgia (BMG), the social media partner is Orjer ori (2x2).
In 2016, the National Bank of Georgia developed the National Financial Education Strategy of Georgia, which was a response to the results of an in-depth study of financial education throughout the country initiated by the National Bank of Georgia in April of the same year. Findings have shown that the level of financial education in the country is unsatisfactory.
According to the strategy, an action plan was created to overcome the above-mentioned challenge, according to which high-need target groups were identified as channels for the implementation of the financial and economic education program, among which schools occupy the first place. One of the important activities in schools is the Olympiad, which encourages the accumulation of knowledge on economic and financial issues.
Students of the 10th, 11th and 12th grades of schools operating in Georgia can participate in the Olympiad. The Economics Olympiad consists of rounds that vary in difficulty and format.
Economics Olympiad introduces students and brings them closer to economics at a level that will be useful for them in the means of making personal and public decisions.
