KATHMANDU: The fourth edition of Nepal Economics Olympiad (NEO) was organised to select five students who will participate in International Economics Olympiad (IEO).
IEO is an annual competition for high school students around the world in the areas of Economics and Finance. The Olympiad is supported by Eric Maskin, winner of the Nobel Prize for Economics in 2007.
Five students who won gold medals at the national competition of NEO held in Lalitpur on February 19 were selected for IEO.
The gold medalists include Bhargabh Chautat and Victor Himal of Budhanilkantha School, Prayush Yadav of Little Angels' College of Management, Mayank Shankar Jha of Trinity College, and Anubhav Dhungana of St. Xavier's College, according to NEO.
Addressing the closing ceremony of the competition, former minister Minendra Rijal said now is the time for artificial intelligence (AI) and ChatGPT may change the trend in study research and teaching.
Kathmandu University Registrar Achyut Wagle said that just as medical science discovers new medicines, economists should find ways to solve the problems of the economy.
He said that this country will never develop if talented people with potential stay outside, and urged talented students to return to Nepal wherever they go to study.
Deputy CEO of Nabil Bank, Manoj Gyawali, held the opinion that people with stories of failure should be brought to such programmes rather than successful people. He said that if you don't want to hear the story of someone's failure, you don't know how he got stuck in the swamp.
On the occasion, Dharmaraj Sapkota, President of Stockbrokers' Association of Nepal (SBAN) urged the selected candidates to speak about Nepal's economy, stock market and financial literacy at the international forum.
A total of 80 students studying at the Faculty of Management at the Plus Two level participated in the NEO. More than 1,000 students from 162 colleges across the country had participated in the regional competition, and the best 75 students were selected for the NEO while five others were directly selected for the national competition.
The participants took three-hour written test of questions related to business case analysis, simulation and economics. Five candidates who had the best results got the chance to participate in the international competition.
Deepak Bhandari, Partnership Manager for NEO 2023, said that this time the organisers aimed to win the gold medal at IEO.
In the programme, students who stood in third position in the IEO and first in the International Business Olympiad were also honoured.
The three-day programme was organised by Nepal Stock Brokers' Association (SBAN) with support from Jyoti Bikash Bank, Securities Board of Nepal (SEBON), Society of Economic Journalists-Nepal (SEJON), Sanima Bank, Nabil Bank, Prabhu Bank, Muktinath Bikas Bank, Samriddhi Foundation, CMS Group, Pratibha School, King's College and other organisations.
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Published Date: February 22, 2023, 12:00 am
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