Five Bangladeshi students from different high schools worked together to win four bronze medals at the International Economics Olympiad for the first time ever. This is how they made it happen.
Bangladesh recently secured four bronze medals for the first time in The International Economics Olympiad (IEO). The passion for economics of Team Bangladesh played a big role behind such success in the international competition which is specially organized for high school students with aims to fuel the interest in economics, business, and finance.
Dhaka Tribune caught up with the participants to get a glimpse of what led up to this proud achievement. “ The IEO is an accredited organization, qualifying in the national team would be commendable” explains Promi Zaman, when asked why this is a big deal. The competition consisted of the Financial Literacy Round, the Economics Round and the business case round.
The participants went through a rigorous selection process. To find out the best heads, the process was designed in four steps that include MCQ, Theory round, Viva round and training camp. The Bangladesh Economics Olympiad (BDEO) is the official partner to send a national team in the international event.
The final team of 5 had to fight against 800 participants across the country. “The first step which was MCQ seemed most challenging one,” said another participant. The seven days long last step of selection training round.
Syed Nazif Ishrak, Faraz M. Choudhury from Sunbeams School, Darpan Barua, Esfar Jawad and Promi Zaman from SFX Green herald International School were the five participants that went on to represent Bangladesh. The team was lead by Md. Al-Amin Parvez, lecturer of Dhaka School of Economics and President of the Executive Committee of the Bangladesh Economics Olympiad (BDEO) and Akhtar Ahmed, Chairman of Capstone School and Coach of the National Team of Bangladesh Economics Olympiad (BDEO).
To prepare themselves for the Olympiad, the team focused on studying and practicing case studies. They believe it was a combination of an optimum utilization of their economics know-how, a strong proficiency in English and diligent members contributed in building a unique and dynamic team. While preparing for the ultimate battlefield the team focused on performing their best at the Olympiad instead of wondering about the end result. Pitted against 130 contestants, success was not to be taken for granted. However, the hard work paid off and they were able to hold their own against countries like China, Russia, and New Zealand.
A significant challenge the team faced during the Olympiad was troubleshooting the technical difficulties. ‘Since the entire competition was held virtually we often faced technical difficulties such as server issues,’ said Promi.
The most exciting part of participating in the Olympiad was winning a medal in Business Presentation. But to come out of the tournament with not one but four bronze medals left the whole team elated and proud.
The team advises working on Economics as it secures most of the marks If any the high school student intends to participate and perform better in the economics Olympiad in future.
Each members of the team had different things to contribute:
Syed Nazif Ishrak, from Sunnydale School had the highest score in economics in the team
Darpan Barua from SFX Green herald International School and Faraz Choudhury from Sunbeams School provided the presentation power.
Fariha Zaman Promi and Esfar Jawad from SFX Greenherald International School both performed briliantly at the Financial Literacy games, with Promi achieving the 7th highest worldwide scores.
Syed Nazif, Darpan Barua, Faraz Choudhury and Promi Zaman received the bronze medals in individual performance category, which is a first time for Bangladesh.