• “The Way to Recovery and Revival”

    Theme of WEC 2023

  • Competitive Format

    Each competitive event consists of three modules

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    Fundamentals

    Past

    Multiple choice questions about the economics theory to test students' accumulated business knowledge and literacy in the past.

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    Deep Comprehension

    Present

    Material/Lecture-based questions about economics practice to test students' on-site learning and comprehension abilities.

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    Thinking and Innovation

    Future

    Take an economic perspective to see non-economic problems and apply economics knowledge to solve real and critical problems.

  • From Classics to Front Edges

    From the National Cups to the World Cup, the economic theories and knowledge being tested will evolve from traditional, time-honored concepts to cutting-edge discoveries and advancements in the academic field of economics.

  • Compete In A Team of Six

    A collaborative competing experience for school teams

    Since 2023, WEC switches to a school-team-based competing scheme. Students from the same school need to form a school team of six under school adviser's guidance and compete from national/regional cups way to the annual World Economics Cup.

  • Schedule of WEC 2023

    WEC starts to organize National/Regional and Continental Cups since 2023

    1

    National/Regional Cups & Continental Qualifiers

    April 14th (Friday) in school campus or online

    (Please refer to specific sessions to select with WEC coordinators)

     

    A 90-minutes online Integrated Test including elements of all WEC formats

    2

    Continental Economics Cups 2023

    2023 summer (July & August) online

    (Please refer to specific dates for different continents)

     

    Complete formats of WEC conducted in separate sessions across one Continental Economics Cup Week.

    3

    World Economics Cup 2023

    October 8-14, Online

     

    Complete formats of WEC conducted in separate sessions across the 2023 WEC Week.

  • Continental Economics Cup 2023

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    African Economics Cup

    African Economics Cup Week

    July 2 - 8, 2023

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    South American Economics Cup

    South America Economics Cup Week

    July 9-15, 2023

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    North American Economics Cup

    North America Economics Cup Week

    July 23-29, 2023

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    European Economics Cup

    European Economics Cup Week

    August 6-12, 2023

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    Asian Economics Cup

    Asian Economics Cup Week

    August 20-26, 2023

  • How to participate

    • Schools/Institutions* officially register at WEC with an appointed school adviser
    • Each school select internally 3 teams (18 students)** to participate in the National Cups/Continental Qualifiers
    • The top performing teams in the National/Regional Cups & Continental Qualifiers will be invited to the Continental Economics Cup; teams will gather online, enjoy an Economics Cup Week experience and exchange with WECers from other countries
    • The Top 6 school teams of each continent will be invited to the World Economics Cup 2023 to compete representing their schools, countries and continents
    * Education institutions will get the same registration status as full-time schools;
    ** For schools with less than 100 enrolled students in total can only select 2 teams (12 students); for schools with less than 50 enrolled students in total can only select 1 team (6 students);

  • Awards/Recognitions at WEC

    School teams compete in a team of six to get both team awards and individual awards;

    Honors at school-level, country/regional-level and continental-level will also be given separately at National/Regional/Continental/World Economics Cups

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    National/Regional Economics Cups & Continental Qualifiers

     

    Awards for School Teams

     

    National/Regional Gold, Silver, Bronze Certificates will be awarded to the national/regional top performing school teams based on their team average of individual scores.

     

    Based on the number of participating teams of each country/region, WEC will decide the exact number of top teams of each country/region invited to the Continental Cup. By principle, the Continental Economics Cup can only invite 50 top teams across countries/regions of that continent to the Continental Final.

     

     

    Awards for Individual Contestants

     

    Tiered Grading Certificates (Highest Distinction, Higher Distinction, Distinction and Excellence) will be awarded to a certain percentage of contestants based on their scores in the hybrid assessment.

     

    The names of the national/regional top 10 individual scorers will be announced as well and the winners will receive special certificates.

     

    Honors for Schools

     

    The average total scores of the top 6 individuals from each school will be used for the rankings of school group performance. The Top 3 Performing Schools in each country/region will be announced and recognized.

     

     

     

    Continental Economics Cups

     

    Awards for School Teams

     

    Continental Gold, Silver, Bronze Trophies will be awarded to the continental top performing school teams based on their team average of individual aggregated scores. The specific rankings of Continental Top 10 school teams will also be announced and recognized.

     

    The Top 6 performing teams of each continent will be invited to the World Economics Cup representing their continent.

     

    The names of continental top 10 school teams on "Thinking and Innovation" will be announced as well and the winning teams will receive special certificates on this module.

     

    Awards for Individual Contestants

     

    Continental Gold, Silver, Bronze medals will be awarded to a certain percentage of contestants based on their aggregated scores on "Fundamentals" (individual score), "Deep Comprehension" (individual score) and "Thinking and Innovation" (team score). The percentages will be justified by WEC continental jury committee based on the distribution of actual test scores.

     

    The names of continental top 10 individual scorers on "Fundamentals" and "Deep Comprehension" will be announced as well and the winners will receive special certificates on these two modules.

     

    Honors for Countries

     

    The average total scores of the top 6 individuals from each country will be used for the rankings of country group performance. The Top 3 Performing Countries will be announced and recognized.

     

     

     

    World Economics Cup

     

    Awards for School Teams

     

    World Gold (Top 10), Silver (Top 20), Bronze (Top 30) Trophies will be awarded to the participating school teams in a tiered scheme based on their team average of individual aggregated scores. The specific rankings of Global Top 10 school teams will also be announced and recognized.

     

    The names of global top 10 school teams on "Thinking and Innovation" will be announced as well and the winning teams will receive special certificates on this module.

     

    Awards for Individual Contestants

     

    World Gold, Silver, Bronze Medals will be awarded to a certain percentage of contestants based on their aggregated scores on "Fundamentals" (individual score), "Deep Comprehension" (individual score) and "Thinking and Innovation" (team score). The percentages will be justified by WEC jury committee based on the distribution of actual test scores.

     

    The names of global top 10 individual scorers on "Fundamentals" and "Deep Comprehension" will be announced as well and the winners will receive special certificates on these two modules.

     

     

    Honors for Continents

     

    The average total scores of all invited six teams from a certain continent will be used for the rankings of continental group performance. The Top 3 Performing Continents will be announced and recognized.

     

     

  • Frequently Asked Questions

    Who can participate?

    The WEC is open to all high school students around the world. The competition is designed to challenge, so will not be easy. Students should see it as an opportunity to develop their thinking and problem solving skills, and to test their existing knowledge of economics in real-world situations.

    Do I need to pay money?

    Participation in the National Cups/Continental Qualifiers is free of charge. Competing at Continental Cups will incur a registration fee. Competing at World Economics Cup is free of charge.

    Can I register as an individual student?

    If you would like to take part in the WEC, you must let your school or organization know so that they can register on your behalf and form a team. We can’t accept registrations from students directly.

    Does a school/institution need to have the names of their students ready before it registers?

    No, we will ask for the complete list later. All the school/institution needs in order to register is the basic information about the school/organization and a designated adviser.

    What academic support will students get?

    Students will get question samples and learning materials after registration to prepare for the competition.

    If I didn't study economics in school, can I compete?

    Yes. Taking an economics course is not a prerequisite for attending the WEC. We advocate that the competition is fair to all the levels of students. Whether you have taken an economics course or not has no certain effect on your performance. WEC values your ability of thinking, understanding and application. In the test questions of the competition, WEC will give as much relevant background and theoretical knowledge as possible. Students can complete the questions with the knowledge and information given in the test paper.

    Is the scope of the test all in the reference materials?

    No. The scope of the test does not have much to do with the scope of the reference material. Furthermore, most of the knowledge in the test paper is not available in the reference materials. Please note that the WEC is a test of thinking and problem-solving, rather than a test of knowledge and memory. However, the reference materials will help you to understand the subject, and be familiar with the thinking mode and basic theories, which will enable you to understand the new knowledge faster and better in the competition.

    How do students prepare for the competition?

    You don't need to spend too much time preparing for the competition and feel stressed. According to your interest, do your best to take some time to look at the learning materials and reference books, enjoy the fun of learning and thinking, cultivate the sense of reading and learning, and let yourself enter a state of immersion. In the competition, you will fully learn new knowledge and release your thinking.

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