Economics Olympiad Masterclass
Master micro, macro, and strategic reasoning for the International Economics Olympiad
What You'll Learn
- Solve competitive equilibrium problems involving multiple agents, taxes, subsidies, and price controls
- Identify Nash equilibria in simultaneous and sequential games and apply game-theoretic reasoning to economic scenarios
- Analyse GDP composition, fiscal multipliers, and monetary policy effects using the AD-AS and IS-LM frameworks
- Evaluate international trade patterns using comparative advantage and predict welfare effects of trade policies
- Interpret complex economic datasets including index numbers, Lorenz curves, and regression outputs to draw policy conclusions
+1 more outcome
Your Instructor
Economics — IBO Gold Medalist, 3rd Globally
First Bangladeshi to win Gold and place 3rd globally at the International Business Olympiad 2023, and first Bangladeshi Silver Medalist and International Best in Finance at the IEO 2022.
Learn more about RizFull Curriculum
- Supply, demand, and market equilibrium
- Elasticity of demand and supply
- Consumer theory: utility maximisation and indifference curves
- Producer theory: cost curves and profit maximisation
- Welfare analysis: consumer and producer surplus
- Perfect competition and long-run equilibrium
- Monopoly: pricing, deadweight loss, and regulation
- Oligopoly models: Cournot, Bertrand, and Stackelberg
- Nash equilibrium and dominant strategies
- Sequential games and backward induction
- Applications: auctions, bargaining, and mechanism design
- National income accounting: GDP, GNI, and measurement issues
- Aggregate demand and aggregate supply framework
- The Keynesian multiplier and fiscal policy
- Money, banking, and monetary policy transmission
- Inflation, unemployment, and the Phillips curve
- Ricardian comparative advantage and gains from trade
- Heckscher-Ohlin model and factor endowments
- Trade policy: tariffs, quotas, and welfare effects
- Exchange rate determination and purchasing power parity
- Balance of payments and capital flows
- Trade disputes and WTO case studies
- Reading and interpreting economic data tables and charts
- Index numbers: CPI, GDP deflator, and real vs nominal
- Basic regression intuition and correlation vs causation
- Gini coefficient and Lorenz curve analysis
- Using data to evaluate policy effectiveness
- Structuring a business case: frameworks and communication
- Financial statement analysis: income, balance sheet, cash flow
- Market sizing and estimation techniques
- Competitive strategy: Porter's Five Forces and SWOT
- Present value, discounting, and investment appraisal
- Writing persuasive economic arguments under time pressure
- Past IEO economics round problems: timed practice
- Finance round: stock market simulation and portfolio reasoning
- Business case round: team-based case presentations
- Time management and question triage strategies
- Full-length mock IEO with peer review
- Post-mortem analysis and targeted revision
Interactive Lessons
Step-by-step interactive lessons with live economic models, market simulations, and quizzes.
Introduction to Economics
FoundationsScarcity, opportunity cost, supply and demand, and the scope of economics.
History of Economic Thought
FoundationsFrom mercantilism to Keynesian economics — the evolution of economic ideas.
Production Possibility Curves
MicroeconomicsPPC/PPF, efficiency, opportunity cost, and shifts from technology or resources.
Market Behaviour & Resource Allocation
MicroeconomicsSupply and demand, market equilibrium, consumer and producer surplus.
Government Intervention in Markets
MicroeconomicsPublic goods, merit/demerit goods, subsidies, taxes, price controls, and deadweight loss.
National Income & Circular Flow
MacroeconomicsGDP, GNI, NNI, per capita income, and the circular flow of income model.
Aggregate Supply, Growth & Unemployment
MacroeconomicsSRAS, LRAS, economic growth drivers, types of unemployment, and price stability.
Government Macroeconomic Policy
MacroeconomicsSix policy objectives, trade-offs, fiscal policy, and monetary policy tools.
International Trade
InternationalComparative advantage, free trade, terms of trade, protectionism, and trade theories.
Balance of Payments & Exchange Rates
InternationalBOP components, current account, exchange rate systems, and policy impacts.
Sample Problem
A taste of the competition-level problems you'll tackle.
Carbon Tax Incidence
Analyse the incidence of a carbon tax on producers and consumers in a market with known demand and supply elasticities. Determine the deadweight loss and evaluate whether the tax achieves its stated environmental objective given the estimated elasticity of emissions with respect to output.
Frequently Asked Questions
Yes. Module 1 builds from first principles, covering supply, demand, and consumer theory from scratch. Many successful IEO participants had no prior formal economics education. However, you should be comfortable with basic algebra and graphing, as we use mathematical reasoning throughout the course.
Textbooks like Mankiw's Principles of Economics provide excellent foundational knowledge, and we recommend it as supplementary reading. However, the IEO requires problem-solving under time pressure, game-theoretic reasoning, data interpretation skills, and business case analysis that no single textbook covers. Our course is specifically designed around the IEO format and integrates theory with competitive practice.
You should be comfortable with algebra, basic calculus (derivatives for optimisation), and reading graphs. We do not require linear algebra or advanced statistics, though familiarity with these will help in the data interpretation module. We introduce all mathematical tools as needed during the course.
The IEO has three rounds: an Economics round (multiple choice and short answer), a Finance round (stock market simulation), and a Business Case round (team presentation). Our course covers all three, with dedicated modules for data interpretation (Finance round prep) and business case analysis. The final two weeks include full mock IEO simulations.
No. Every lesson is recorded and available as soon as you enrol, so you can move at your own pace and rewatch anything as often as you need. The week-by-week structure is a recommended rhythm rather than a fixed timetable.
Absolutely. The national-level Bangladesh Economics Olympiad tests similar concepts and serves as the selection pathway for IEO. Our course covers all topics that appear at the national level and extends into IEO-level material, so you will be well prepared for both.
Ready to begin Economics?
Economics Olympiad Masterclass · 7 modules · Intermediate to Advanced