ITAM University acted as the venue for the Mexican Olympiad in Economics and Finance (MOEF), where a few were selected to represent Mexico in the International Economics Olympiad in China, later this year. The Olympiad held two distinct rounds: the first one took place live at a distance on April 30th, while the second one was held in ITAM University´s Rio Hondo campus on May 21st.
What is the Mexican Olympiad in Economics and Finance?
The Mexican Olympiad in Economics and Finance is the mexican qualifier to the International Economics Olympiad (IEO), an international competition for highschool students in the areas of Economics, Business and Finance. The Olympiad is supported by Eric Maskin, professor at Harvard University and winner of the Nobel Prize for Economics in 2007. The IEO aims to discover, encourage and give recognition to talented young people, maintain the high standard of international Olympiads and encourage friendly international relations
ITAM University as host for the Olympiad
This year´s edition of the Olympiad was organized by ITAM University´s Academic Division of Economics, Law and Social Sciences alongside the Academic Division of Business Administration and Accounting. The Organizing Committee was composed by Professor Christina Cornejo Van Luit and Dr. Fernando Perez Cervantes. The competition was attended by 114 students from 22 states across Mexico.
El pasado fin de semana se realizó la final de la Olimpiada Mexicana de Economía y Finanzas en el ITAM. Participaron estudiantes de preparatoria de todo el país y los ganadores de la medalla de oro representarán a México en la Olimpiada Internacional de Economía Highschool students from across the country participa@EconomiaITAM_ pic.twitter.com/5TDmhDklHv
— ITAM (@ITAM_mx) May 25, 2022
Any student interested in participating in the MOEF needed only to be registered in olimpiadaeconomia.itam.mx.
Both stages of the competition assessed the economic, financial and communicational knowledge and skills displayed by the participants. Both the economics and the financial sections of the competition held multiple choice exams that tested for theoretical and practical knowledge, as well as a section for profound explanation about certain topics of interest. For the second stage, the participants delivered an English narrated video about a relevant financial event.
On May 21st, after the second stage was realized, the participants joined faculty members, academic departments, students and alumni at ITAM University to discuss diverse topics related to the competition.
The participants had the opportunity to attend a conference imparted by Alejandro Díaz de León, the Mexican Central Bank former governor, economics graduate by ITAM University and Master in private and public administration by Yale, where they had an open dialogue with the former governor and asked him various questions. During the lecture, Alejandro Díaz de León told the students: “Your presence here today, in this Olympiad, reflects your own conviction towards sacrifice and the future, in the long run. Always maintain the purpose that brought you here in clear sight. Spare no effort trying to be the best professionals possible, choose the best alternatives for your future, in the long term, even if the costs, difficulties, efforts and risks are higher. “
After the conference, economics and finance graduates shared their experience in both the academic and professional world with the Olympiad participants in discussion tables.
The day concluded with the award ceremony in the Raúl Bailléres Conference Hall, graced by the presence of our academic authorities like Dr. Francisco Pérez, Dr. Miguel Messmacher, Dr. Cecilia Ortiz, Dr. Diego Domínguez, Dr. Emilio Gutiérrez and Dr. Fernando Pérez. 10 bronze medals, 10 silver and 5 gold medals were awarded.The gold medalists were selected to represent Mexico in the International Economics Olympiad in China, later this year.. Team Mexico will be accompanied and trained by our economics and finance faculty members in their journey towards the International Economics Olympiad.