The WEC 2021 was conducted successfully in the middle of September 2021.
Fundamentals: 12:00 - 13:00 UTC, September 11th, 2021
Deep Comprehension: 13:10 - 15:40 UTC, September 11th, 2021
Thinking and Innovation: 23:59 UTC, September 11th, 2021 (Problem Release) ,
23:59 UTC, September 12th, 2021 (Presentation Submission Deadline)
September 11-12, 2021
It's considered as the pinnacle of the economics experience. WEC convenes the best and brightest students to compete at the World Economics Cup, sharing their successes and knowing peers who are interested and talented in economics. Students who achieve global rankings get recognition.
Due to the COVID-19, the event was held online.
On September 11, the WEC 2021 kicked off with the exams of Fundamentals and Deep Comprehensions. The competitors took the objective test for the Fundamentals part in one hour to answer the 100 multiple-choice questions, which test their basic knowledge of microeconomics and macroeconomics.
The Deep Comprehensions part, in form of 100 material-based objective questions, followed with the Fundamentals exam after a 10-minute break. The competitors tested their on-site learning and comprehension abilities, learned and understood new knowledge of advanced economics theories during the 150 minutes.
On September 12, 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.
Each participating country can send a national team of 6 students. The methods of choosing these contestants and composing the teams differ from country to country. It's determined by each country; in most cases a country’s contestants are chosen from the winners of their national competition.
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