Canadian Economics Olympiad (CEO)
& Team Canada
Canadian Economics Olympiad (CEO) is Canada's premier high-school economics competition and official qualifier for the International Economics Olympiad (IEO). CEO is authorized to selectTeam Canada for participating in the IEO.
Each country is represented by only one team which consists of no more than five contestants and one or two team leaders.
The Prof. of the University of Ottawa, Yuri Khoroshilov, is the chair of CEO and leader of Team Canada. The CEO is an "inclusive" competition. Participation in the competition is free of charge.
Lorvale Academy is the exclusive educational partner of the CEO in Canada and a sponsor of Team Canada at the International Economics Olympiad. As the Team Canada sponsor, Lorvale Academy is committed to cover Team Canada transportation costs for 2023 and 2024 IEO.
In the past years (from 2020-2022), “Team Canada” are selected based on the results of CEO. However, in 2023 the selection criteria for IEO team may be different. One of the major differences is that one of the IEO team members will be chosen based on the Business Case Competition instead of the Canadian Economics Olympiad results. Lorvale Academy and Lorvale Clubs will be responsible in conducting Business Case Competition.
The 2023 International Economics Olympiad is expected to be in-person in Suzhou, China, July 24 - August 2 (venue and dates to be confirmed). Join our email list to receive news and updates.
Registration open from Feb 10 to Mar 12, 2023
*Any questions, please email to info@cebcc.org
CEO Preparation Programs
Lorvale provides a series of competition preparation courses to help students complete their studies and better prepare for competition.
ProGram DetailsGoals of Canadian Economics Olympiad (CEO)
Develop
To further the problem-solving skills of high school students through practice in logical thinking and creative application of general knowledge
Discover
To discover, challenge, unite, and reward young people who are exceptionally talented in Economics, Finance, and Business.
Elevate
To elevate general awareness of the importance of Economics, Finance, and Business.
Encourage
To encourage friendly relations and understanding among young people interested in Economics, Finance and Business around the Canada.
Exchange
To create an opportunity to exchange information about school programs and practices.
Past Team Canada Achievement
2022 Team Canada Trophies
the 3rd Place
Martin Thaw
Toronto French School. ON
Leo Zhu
Burnaby North SS, BC
Daniel Zihan Chen
University Hill SS. BC
Olivia Kay
Ashbury College, ON
Vikas Nibhanupudi
John McCrae SS, ON
2021 Team Canada Trophies
the 2nd Place
Andrew Cheng
University of Toronto Schools, ON
Angelina Zheng
St. Theresa of Lisieux CHS, ON
Eric Myzelev
William Lyon Mackenzie CI, ON
2020 Team Canada Trophies
the 6th Place
Richard Yang
Victoria Park CI, ON
Zhening Li
Sir John A. Macdonald SS, ON
Theodore Liu
Richmond Hill HS, ON
Business Case Competition
Dates
The 2023 Canadian Economics Olympiad will be conducted in two rounds. Both rounds will be conducted on-line.
The tentative overall timeline of 2023 Business Case Competition is as follows.
Invitation and confirmation for the 2nd round
2nd round contest (by invitation only)
Decision made for all awards of business case competition
Award ceremony, preparation for IEO
Student Eligibility
The Business Case Competition is free to participate in and open to anyone who meets all of the following criteria:
- Student is less than 20 years old;
- Student must be either (1) Canadian citizen or permanent resident (can live anywhere in the world) or (2) legally live in Canada and attend in-person Canadian school (student visa or similar is accepted);
- Student must have strong English proficiency (the CEO is currently only offered in English).
Prior economics, finance and business coursework is recommended but not required.
Content & Preparation
Useful literature for
Case Solving
- The Pyramid Principle, Barbara Minto;
- Crack the Case, David Ohrvall;
- The Trusted Advisor, D. Maister, C. Green, R. Galford.
Useful literature for
Data Analysis
- The McKinsey Way, Ethan Rasiel;
- Strategic Management, Thompson Strickland;
- The Fifth Discipline, Peter Senge;
- Thinking Fast and Slow, Daniel Kahneman;
- Case in Point, Marc Cosentino;
- BCG on Strategy, C. Stern, M. Deimler.
Useful literature for
Presentations
- Say It With Charts, Gene Zelazny;
- Unfolding the Napkin, Dan Roam;
- Visualize This, Nathan Yau;
- The Pyramid Principle, Barbara Minto;
- Slide:ology, Nancy Duarte
Format & Scoring
Business case competition of CEO is an individual competition and includes the oral presentation of the results. Presentation must be supported by slides. The presentation should be in English.
Business case competition lasts for approximately two days (36 hours) for both 1st round and 2nd round. During the preparation, contestants may use any online and offline materials, but it is prohibited to contact other people for help (including post the business case online to seek for help).
A maximum of nine judges makes up the judging panel at the competition. The judges focus completely on scoring the quality of presentation slides and presentation for each contestant according to the evaluation criteria provided by the competition committee.
Results & Awards
Please refer to the following table for the Results & Awards of 2023 Business Case Competition.
1st Round
Top 10%
Award
Distinguished Honor Roll
What’s Next...
- Will be invited to participant in the 2ndRound
- Have their names posted in alphabetical order on CEO and Lorvale’s website
- Receive award certificate
- Named “National Finalists” if accept the invitation and participant the 2nd round.
- Up to 5 best contestants may be given the right to participate in the 2nd round of the CEO exam (if they are placed among the top 25% in the 1st round of CEO of the year).
Top 25%
What’s Next...
- Have their names posted in alphabetical order on CEO and Lorvale’s website
- Receive award certificate.
2nd Round (by invitation only)
Top 1st
Award
Absolute Winner (1st place)
&
National Finalist
What’s Next...
- Become the qualifier for Team Canada
Top 2nd and 3rd
Award
2nd place or 3rd place
&
National Finalist
What’s Next...
- Receive award certificate
All the remaining contestants
What’s Next...
- Receive award certificate
*The weighted average of the first and second rounds with weight of 35% and 65%respectively will be used to compute the total scores of National Finalists andto determine the absolute winner.
Congratulation Letter
Ontario Premier Mr. Doug Ford
Markham Mayor, Mr. Frank Scarpitti
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