The first round of the V4 Economic Olympiad 2019-2020 in Hungary was completed successfully: secondary school students from 17 counties and the capital city applied for the competition. In the national final of the competition to be held on 18 April 2020, 40 students will compete in the Bölcs Vár in Budapest. This is also where they will qualify for the September International Final of the competition, where the best students from the Czech Republic, Slovakia, Poland and Hungary will be able to compare their knowledge of economics.
Students studying in secondary educational institutes from all over the country and from Vojvodina could apply individually to the competition. Most of the participants registered for the competition from the capital as well as from Bács-Kiskun, Baranya, Győr-Moson-Sopron and Szabolcs-Szatmár-Bereg counties. As far as schools are concerned, there were a good number of students from the Budapest District 13 Ady Endre Secondary School, the Vocational Training Centres of Győr, Kiskunhalas and Veszprém, the Alternative Secondary School of Economics in Budapest and the Practice Secondary School of the University of Pécs.
The questions for the first, online round of the contest came from areas closely related to economics, such as basic concepts and methodology in economics; the history of economic thinking; microeconomics; macroeconomics; international economics; current world economic issues; domestic and international economic policy; and the European Union. In these areas, students had to give as many correct answers as possible to the multiple-choice questions.
The national final of the competition will be held on 18 April 2020 and the international final will take place in September, both in Budapest, Bölcs Vár. The Hungarian final’s jury will be composed of experts from the Hungarian Economic Association and the organising partners: the MNB Department of the Budapest Corvinus University, the Museum of Money, the Pénziránytű (Money Compass) Foundation and the Budapest Institute of Banking. The members of the international jury will be appointed by the economic associations from the participating countries.
Information on the Economics Olympiad, sample questions for preparation, and recommended literature can also be found on the contest website at www.kozgazdasagiolimpia.hu.