University of Zilina is a proud official partner of The Economic Olympics in Slovakia
The Economic Olympics was established at the end of 2017 as the first comprehensive all-Slovak competition in economics and finance for high school students. Compared to other competitions in the field, it differs in that it focuses not only on financial literacy or entrepreneurship, but also on other important economic areas such as international trade, monetary issues, economic news, economic policy, economic history and corporate finance. Through practice-oriented questions, students can better understand how economic decision-making affects their personal lives. Thanks to testing, it is also possible to provide teachers with information about the strengths and weaknesses in young people's economic knowledge, so they can better focus their teaching.
The regional rounds took place through six online conferences. In the online test of the regional round, one open assignment awaited them, where their task was to describe in their own words the effects of the introduction of a development tax, a sugar tax or a tax on luxury housing. Competitors had to take into account the advantages and disadvantages for the state, local government or taxpayers. Test questions followed, where students chose the correct one from the five answers offered. The varied representation of topics from the calculation of the net present value of the investment, the size of the state debt to the comparative advantages or insurance gave the students a bite. Despite the fact that the event could not take place in person, the competitors praised the organization in the evaluation form.
The Economic Olympics in Slovakia is organized by INESS - the Institute of Economic and Social Analyses, whose partner institution is also the University of Zilina in organizing this event. In the school year 2020/2021, its fourth year is taking place, with a record participation in the school round, when more than 8,500 students took part. Young people from the Prešov and Košice regions were the most involved. This year, INESS is also preparing the 3rd year of the international final, which will take place in Slovakia.
For more information check: https://ekonomickaolympiada.sk/o-nas/