THE COMPETITION
The International Economics Olympiad (IEO) is the world’s largest annual competition in economics and finance for high school students.
THINK CRITICALLY. MAKE SMART DECISIONS. TAKE THE CHALLENGE.
The Cyprus Economics and Finance Olympiad (CEFO) is a national competition for Lyceum students interested in Economics, Business and Finance.
Through three competitive phases, students apply their knowledge, develop analytical thinking and problem-solving skills, and compete for one of five places on the Cyprus National Team at the International Economics Olympiad (IEO).
You can enter if you:
Attend upper secondary education (Lyceum or equivalent) at a public, private or technical school in Cyprus.
Will be under 20 years old on 30 June 2027, in accordance with the IEO’s age rule.
*Gymnasium (lower secondary) students are not eligible.
Any academic orientation is welcome, and no previous economics or finance course is needed.
COMPETITION OVERVIEW
Three Phases. One National Team.
The Organising Committee reserves the right to adjust the number of students progressing to each phase, based on evaluation results and organisational needs.
INTUITION CHALLENGE
A multiple-choice exam assessing analytical intuition, critical thinking and economic reasoning through real-world scenarios.
Top 20 students advance.
BOOTCAMP: THE KNOCKOUT ROUND
A one-day bootcamp featuring interactive sessions, teamwork, a Group Challenge and a multiple-choice examination.
Top 10 students advance.
NATIONAL FINAL
Workshops, a group business case challenge and an oral examination evaluated by experts from academia and the private sector.
5 students are selected for the National Team.
EXAMINATION LANGUAGE & RULES
Community quarter obviously boardroom could pin money. Call job what member needed. Power intersection of pretend finance keywords. Done didn't anyway closing pups performance.
Language of the Competition
The national exams are set in Greek and English.
The International Economics Olympiad is held entirely in English, including the business case presentation, so finalists should be comfortable reading and presenting in English.
All notes, tasks, solutions and marking schemes are provided exclusively in the official language. No translations into Greek will be issued.
What You Need to Know
Phase 1 takes place at the Cyprus University of Technology, Limassol, on [date] at [time]. Arrive 30 minutes early for registration.
What to bring
- Your identity card
- Blue or black pens and a pencil
- A simple, non-programmable pocket calculator
Strictly prohibited
Mobile phones, smartphones, smartwatches and any electronic communication devices.
Important information
Each student registers individually and sits the examinations independently. Group work takes place only during the Group Challenge and business case.
Any form of copying or outside assistance leads to disqualification.
Finalists selected for the National Team must be available for training and to travel to the IEO in summer 2027, if funding is available. Important dates will be announced soon.