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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 11–12, open to students across India. Registration closes 9 Oct 2026.

Mode

Online

Eligibility

Class 11–12

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 11–12
Age Range
16 - 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

EconomicsFinancial Literacy

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 & 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.

International Gold MedalInternational Silver MedalInternational Bronze MedalMedal of DistinctionZonal Gold MedalZonal Silver MedalZonal Bronze MedalGold 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

Economic theory applicationFinancial literacyBusiness case analysisQuantitative reasoningCritical thinkingProblem-solving

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

  1. 1Students can register individually or through their school on the IOF online portal.
  2. 2After registration, students can access the portal using their created username and password.
  3. 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?

₹150 registration

Who can participate in International Foundation Economics Olympiad (IFEcO) for Class 11-12 Students?

Students in Class 11–12. children aged 16-18.

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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Provider

International Olympiad Foundation (IOF)

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Categories

Economics ProgramsFinancial LiteracyMarketing Strategy

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