Seminar will be held before Gala Dinner at the night before the competition. Each speaker will talk for one hour consist of forty-five minutes presentation and fifteen minutes question and answer session. The topic that being discussed by speakers in Seminar will be relevant to the theme of International Microeconomics Competition 2017, “The Microeconomics for E-Business Corporation Development”. Seminar discussion will also be related to the study case that being questioned in Semifinal Round. Therefore, all participant are expected to attend the seminar.
Welcoming event is a Gala Dinner held on the night before the competition. This event is for the organizers of the International Microeconomics Competition 2018 to officially welcome the participants. This event is also an opportunity for participants to get to know each other, along with each of the team’s Liaison Officer, with whom they will work with in the next two days. There will also be a Technical Meeting, in which the committees will explain about the entirety of the event (i.e. how the competition works, the general rules, the rundown of the program, etc)
Participant are expected to wear formal attires (suit & ties and dress) for these events.
Microeconomic Competition will be held in two days. The first day will consist of Placemnet Test, Preliminary Round, and Elimination Round. The second day will consist of Semifinal Round and Final Round. Competition plot will be more explained in
Participant are expected to wear formal dress for this events.
The competition will be held in two days, in which there will be several different rounds and several different system of competition:
The Placement Test is the first test that will be given to each individual of each team. Participants will have to solve fifty general and basic microeconomics problems in an hour. Individual score will be accumulated into team score. Team score will be ranked, and divided into three big groups of teams (from hereon to be referred to as Big Group) which have different levels of scores. The teams from the same Big Group will only compete with each other for the Preliminary Round.
This is done to avoid stronger teams to defeat each other, while passing weaker team to the next round. For an easier understanding, see the figure below.
Preliminary round is the the time for the participant collect as much as score they can. It will be held in three round. Each round, six teams from the same big groups will compete with each other in the same room. There will be two sets of problem in each of the round in preliminary round: Compulsory Question, which has to be answerd by each team, and Optional Question, which can be answered by any team.
After the Preliminary Round, the collected score of each team will be ranked. The top eighteen teams that get the highest score will proceed to Elimination Round.
Elimination round is the additional round for the eighteen teams. The system and the process of the elimination round are the same with the preliminary round, but there is no more Big Group. The problem given to participant will be alot harder and more complicated. The scores of the teams that have collected in Preliminary round will be accumulated for the results of elimination round.
The scores that each team gets from Elimination Round and Preliminary Round will be used to determine whether or not the team gets into the semifinal round. After the elimination round, the team scores will be ranked, and the top six teams will proceed to the semifinal round.
The semifinal round will be a study case. The case given to the participants will issue The E-business Corporation. Each team will be given forty-five minutes to prepare their presentation regarding the case, and one hour to present their case (consisted of fifteen minutes presentation and thirty minutes question and answer session).
The semifinal round will end with three teams proceeding to the Final Round.
The remaining three teams will compete with each other in Final Round. The system in Final Round will be the same as Preliminary Round and Elimination Round, but the problem sets given to the finalist will be a lot harder and far more complicated
Each participant will do individual test consisted of 50 general microeconomic problem, worth 1 point each.
There will be two sets of problem:
- Compulsory Question : 7 problem, worth 10 point each.
- Optional Question : 13 problem, woth 15 point each
There will be two sets of problem:
a. Compulsory Question : 7 problem, worth 10 point each
b. Optional Question : 18 problem, worth 15 point each
The problem given is a study case related to the theme of this event. The teams in semifinal round will be scored (range from 0-10 points) based on several things:
- Preparation : How prepared is their presentation?
- Presentation : How well are they presenting their case?
- Answer : How well do they respond to the questions given?
- Solution : How significant and feasible is their solution regarding the case?
There will be two sets of problems for the elimination round:
- Compulsory Question : 10 problems, worth 10 points each
- Optional Question : 20 problems, worth 15 points each.