“The Way to Recovery and Revival”

October 8-14, 2023

The World Economics Cup (WEC) 2023 was held from October 8th to October 14th. Throughout the WEC week, outstanding teams from different countries participated in competitions across three modules, sharing their successes and knowing peers who are interested and talented in economics. Students who achieve global rankings get recognition.

On October 8, the WEC 2023 kicked off with the exams of Fundamentals. The competitors took the objective test in one hour to answer the 100 multiple-choice questions, which test their basic knowledge of microeconomics and macroeconomics.

For the WEC 2023, the deep comprehension segment was divided into four sessions, conducted over four evenings. During each session, contestants began with a 45-minute lecture followed by a 45-minute examination. The exam included a mix of 20 questions based on the lecture, 15 questions related to academic forefront materials provided in advance, and 15 questions based on on-site materials. This format aimed to evaluate the students' capacity for rapid learning and understanding of new subjects.

On October 13, the competitors received the topic for the Thinking and Innovation part and took 24 hours to prepare for the team presentation. The competitors demonstrated their innovative thinking and problem-solving abilities to solve general problems by economics.

Participation in WEC is not directly open to individuals.

Students form teams of six members each, advancing through the Continental Qualifier to reach the Continental Economics Cups, with the top six teams from each continent then proceeding to the World Economics Cup. The formation of these teams varies, with many being assembled through schools or by creating inter-school alliances.