World

Economics
Cup
WEC 2020 “The Great Reset - the Changed World Economy"
CONTENTS
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WEC 2020

WEC 2020 by the Numbers

WEC 2020 Online Experience

Jury Committee

WEC 2020 Winners

Individual Awards

Team Awards
WEC 2020
The World Economics Cup for the year of 2020 was con-

cluded on November 29, 2020 online.

Competitors won both individual and team awards at the

WEC 2020.

For individual awards, Gold, Silver, Bronze medals were

awarded to TOP 5%, TOP 5%-TOP 20%, TOP 20%-TOP

40% of competitors respectively based on their aggregated

scores on "Fundamentals" (individual score), "Deep Com-

prehension" (individual score) and "Thinking and Innovation"

(team score).

The names of the global TOP 10 individual scorers on "Fun-

damentals" and "Deep Comprehension" were announced as

well and the winners will receive special certificates on

these two modules.

For Team awards, Gold, Silver, Bronze trophies were

awarded to the global top 3 national teams based on their

team average of individual aggregated scores.

The names of the global TOP 3 national teams on "Thinking

and Innovation" were announced as well and the winning

teams will receive special certificates on this module.

In addition, all the competitors will get certificates of

participation and gifts from WEC.

The certificates and the awards will be mailed to the team

leaders after the competition.

WEC 2020 by the Numbers
33 Participating Countries 48 Participating Teams 251 Competitors
 WEC 2020 Online Experience
The whole competition was conducted online with three parts.

On November 28, the WEC 2020 kicked off with the exams of Fundamentals and Deep Comprehen-

sions.

The competitors took the objective test for the Fundamentals part in one hour to answer the 100 multi-

ple-choice questions, which test their basic knowledge of microeconomics and macroeconomics.

The Deep Comprehensions part, in form of 100 material-based objective questions, followed with the

Fundamentals exam after a 10-minute break. The competitors test their on-site learning and compre-

hension abilities, learn and understand new knowledge of advanced economics theories during the 150

minutes.

On November 29, the competitors received the topic for the Thinking and Innovation part and took 24

hours to prepare for the team presentation.

The competitors demonstrated their innovative thinking and problem-solving abilities to solve general

problems by economics.

Jury Committee
WEC 2020 got support from the
leading economics professors
worldwide. Our judges volunteered
their time and expertise watching
future economics leaders in action.
The WEC 2020 would not have been
possible without the support and
outstanding work of our judges.
To all our honorable judges, it is with
sincere appreciation that we say
“thank you.”
Professor Dave Donaldson,
Department of Economics,
Massachusetts Institute of Technology
Dave Donaldson teaches and carries out research on trade, both
international and intranational. He has studied, among other
topics: the welfare and other effects of market integration, the
impact of improvements in transportation infrastructure, how
trade might mediate the effects of climate change, and how
trade affects food security and famine. This work has been
awarded the 2017 John Bates Clark Medal, given by the Ameri-
can Economic Association to the US-based economist “under
the age of forty who is judged to have made the most significant
contribution to economic thought and knowledge”, as well as an
Alfred P. Sloan Research Fellowship and several grants from the
National Science Foundation. He currently serves as a co-editor
at Econometrica and previously at American Economic Journal:
Applied Economics, and as a program director (for Trade) at the
International Growth Centre.
Professor Graciela Chichilnisky,
Department of Economics,
Columbia University
Graciela Chichilnisky worked extensively on the Kyoto Protocol,
creating and designing the carbon market that became interna-
tional law in 2005, and wrote the wording for the carbon market
into the Kyoto Protocol at the COP in Kyoto in December 1997.
The Washington Post calls her an “A-List Star” and Time Maga-
zine calls her a “Hero of the Environment”. U.S. Congressman,
Jay Inslee wrote that her work is “revolutionary for the interna-
tional community”. In 2015 Graciela Chichilnisky was selected
“2015 CEO of the Year” by IAIR at the Yale Club in New York
City, and Fast Company Magazine selected her company Global
Thermostat “World’s Top 10 Most Innovative Companies” in
energy. A professor of Economics and Statistics at Columbia
University, NYC, Dr. Chichilnisky is currently a Visiting Professor
at Stanford University and the CEO of Global Thermostat.
 Jury Committee
Professor Klaus Adam,
Department of Economics,
University of Oxford
Klaus Adam is Nuffield Professor of Economics and a Professorial Fellow at Nuffield

College. He is also Research Professor at the Deutsche Bundesbank, a member of

the Academic Advisory Board of the German Ministry of Finance, and Scientific

Chair of the Euro Area Business Cycle Network (EABCN). His research work focus-

es on monetary and fiscal policy making, as well as on issues related to learning and

the formation of expectations with applications to asset pricing and business cycle

dynamics.

Professor Pol Antràs,

Department of Economics,
Harvard University
Pol Antràs is Robert G. Ory Professor of Economics at Harvard University, where he

has taught since 2003. He is also a Research Associate at the National Bureau of

Economic Research (NBER), where he served as Director of the International Trade

and Organization (ITO) Working Group. He is also a Research Affiliate at the Centre

for Economic Policy Research (CEPR) and is a member of CESifo’s Research Net-

work.

Professor Pravin Krishna,

Department of Economics,
Johns Hopkins University
Pravin Krishna is the Chung Ju Yung Distinguished Professor of International Eco-

nomics and Business at Johns Hopkins University, where he is jointly appointed in

the School of Advanced International Studies (SAIS) in Washington, DC and the

Department of Economics in the Zanvyl Krieger School of Arts and Sciences (KSAS)

in Baltimore. Professor Krishna is also Co-Chair of the Bernard L. Schwartz Global-

ization Initiative at Johns Hopkins SAIS and a Research Associate at the National

Bureau of Economic Research (NBER). Professor Krishna has previously been Pro-

fessor of Economics at Brown University and has also held appointments at a

number of other universities, including the University of Chicago, Columbia Univer-

sity, Princeton University, Stanford University and INSEAD. He has served as a con-

sultant to the World Bank and the International Monetary Fund.

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