International Foundation Economics Olympiad (IFEcO) for Class 11-12 Students
by International Olympiad Foundation (IOF)
International Gold, Silver & Bronze Medals
International Foundation Economics Olympiad (IFEcO) for Class 11-12 Students is a competition by International Olympiad Foundation (IOF) for students in Class 11 to 12, open to students across India. Registration closes 9 Oct 2026.
Mode
Online
Eligibility
Class 11 to 12
Fee
₹150
Duration
60 minutes
Format
Individual
Time needed
The exam is 60 minutes long and can be taken anytime between 5 PM and 8 PM on the scheduled date. Preparation time will vary based on individual student needs.
Key dates
- Registration opens
- 1 Apr 2026
- Registration closes
- 9 Oct 2026
- Competition
- 22 Nov 2026
- Results
- 31 Jan 2027
Online · IOF Online Examination Portal
About this opportunity
The International Foundation Economics Olympiad (IFEcO) is an annual online competition designed to assess and enhance the economics knowledge of students in Class 11 and 12. Organized by the International Olympiad Foundation (IOF), this olympiad provides a platform for students to test their understanding of economic principles and their application. It aims to foster a deeper interest in economics and related fields among young minds.
Students from Class 11 and 12, across all boards including CBSE, ICSE, State Boards, IB, IGCSE, and ISC, are eligible to participate. The competition is open to students globally, allowing for international exposure and a diverse competitive environment. Participants should have access to a computer with a stable internet connection and a webcam for the online proctored examination.
Participants will gain valuable experience in competitive examinations and enhance their analytical and problem-solving skills in economics. Successful students receive medals and certificates, recognizing their academic achievements at a national or international level. The olympiad also helps students identify their strengths in economics, which can be beneficial for future academic and career choices.
The examination process includes measures to ensure integrity, such as shuffling of questions and options, webcam proctoring, and restrictions on tab switching. A free mock test is provided to help students familiarize themselves with the online examination portal and ensure device compatibility.
Eligibility
- Grade level
- Class 11 to 12
- Age range
- 16 to 18 years
- Location
- Nationwide
Academic requirement
Currently pursuing education in Class 11 or 12 from any recognized board (CBSE, ICSE, State Boards, IB, IGCSE, ISC etc.)
Prerequisites
- Basic understanding of economics concepts as taught in Class 11 and 12
Additional requirements
- Access to a computer/laptop/tablet or Android smartphone with a camera/webcam
- Stable broadband internet connection
- Google Chrome Browser
Open to students in Class 11-12 from any recognized board across India and globally. Participants need a computer with internet and webcam. Free registration is available for Indian students whose parents were martyred in defence operations.
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Academic details
Difficulty: Intermediate
What's covered
The curriculum covers fundamental financial concepts, analytical skills, and real-world application in financial literacy, along with theoretical and practical aspects of economics. Topics include budgeting, banking systems, saving, credit, personal financial management, investment, risk management, insurance, financial fraud, competitive markets, consumer's choice, firm's behavior, non-competitive markets, government interventions, market failures, labor market, game theory, macroeconomic data, technology and long-run growth, AD-AS model, money and banks, monetary and fiscal policy, economic fluctuations and crises, institutions and inequality, specialization and gains from trade, protectionism, currencies, currency unions, exchange rates, interest rates parity, and economics of the environment and sustainable development.
Rewards and recognition
Prizes
Medals for Top Performers
Top-ranking students at the international and zonal levels are awarded Gold, Silver, and Bronze medals. Medals of Distinction are also awarded to the top 25 rank holders in each class. School toppers can receive a Gold Medal of Excellence.
Certificate
Certificate of Performance
All participants who attempt the exam receive a Participation E-Certificate. Top performers at International and Zonal levels receive Certificates of Outstanding Performance and Zonal Excellence, respectively. Top 25 rankers also get a Certificate of Distinction.
Opens doors to
Achievement in an international olympiad like IFEcO demonstrates a student's interest and proficiency in economics, which can significantly strengthen applications to top universities for commerce, finance, and economics programs.
Recognition
International & Zonal Recognition
Skills your child builds
Highlights
- Online proctored examination for integrity
- Free mock test for familiarization
- Open to students from all boards
- International participation
Exam format
- Duration
- 60 minutes
- Format
- Multiple Choice Questions (MCQs) and open-ended questions
- Language
- English
Rounds & format
The competition consists of a single online examination.
How entries are judged
Scores are calculated based on performance in multiple-choice questions. Ties are resolved by priority order, typically favoring the Economics section.
Selection process
Selection for awards is based on performance in the online examination. Students who appear for and attempt the Olympiad are eligible for awards.
How to apply
- 1Students can register individually or through their school on the IOF online portal.
- 2After registration, students can access the portal using their created username and password.
- 3Online payments for registration fees can be made directly through the registration link.
How to prepare
- Sample papers
- IOF Syllabus
- Previous year papers
- Free mock test
Fees & financial support
Fee details
The registration fee for students in India is INR 150. For students outside India, the fee is USD 8. Free registration is available for Indian students whose parents were martyred during defence operations. A special discount of 20% is applicable on selecting 5 or more olympiads.
Refund policy
No repeat or extra examination attempt is provided, implying no refunds for missed exams.
Frequently asked questions
What is the last date to register for International Foundation Economics Olympiad (IFEcO) for Class 11-12 Students?
The registration deadline is 9 Oct 2026.
Is International Foundation Economics Olympiad (IFEcO) for Class 11-12 Students free?
No. The registration fee is ₹150.
Who can participate in International Foundation Economics Olympiad (IFEcO) for Class 11-12 Students?
Students in Class 11 to 12. Children aged 16 to 18.
What will my child gain from International Foundation Economics Olympiad (IFEcO) for Class 11-12 Students?
Medals (Gold, Silver, Bronze) for top performers. Certificates of achievement for participants. Opportunity to test and enhance economics knowledge. Exposure to an international competitive environment. Development of critical thinking and analytical skills. Access to free mock tests for preparation. Identification of strengths for future academic and career choices. Zonal Medals for top performers in 6 zones. Certificate of Outstanding Performance for international winners.
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