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Economic Literacy


Economic literacy is the knowledge and understanding of economic concepts and principles, and how they are applied in everyday life. It is important for individuals to have a basic understanding of economics in order to make informed decisions about their finances, investments, and other financial matters. Economic literacy can help individuals become more financially responsible by providing knowledge and understanding of economic terminology, concepts, and principles, as well as the implications of economic decisions. It also allows individuals to understand the economic environment they live in and how it affects them. Economic literacy can benefit individuals in their personal and professional lives, providing them with the ability to understand economic trends and make sound decisions.

Through our partnership with Economic Fundamentals Initiative, we are working to increase economic literacy by providing workshops and educational materials that focus on the fundamentals of economic and financial concepts. We also focus on producing materials that are tailored to the specific needs of the Armenian population. Our goal is to equip people with the knowledge and skills necessary to make informed economic decisions for their own personal benefit as well as for the benefit of their families and communities.

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Common Sense Economics
Common Sense Economics

explains the basics of economics in a language that is easy for everyone to understand! Read online or download free of charge and explore what economics means to you in your everyday life.

Economics Olympiad 2024

The Center for Behavioral Decisions, in partnership with the Ministry of Education, Science, Culture and Sports, the American University of Armenia, and the Central Bank of Armenia, supported by the Economic Fundamentals Initiative and the Institute of Economic Education, proudly organizes the Economics Olympiad (EO) 2024 in Armenia. This initiative is dedicated to boosting economic and financial literacy among high school students, preparing them for the challenges of a dynamic global economy.

Economics Olympiad

The EO consists of three rounds: the School Round, a centralized online test assessing foundational concepts, designed and administered by INEV; the National Round at AUA, featuring written and oral sections evaluated by a panel of experts from universities and the Central Bank; and the International Round in Greece, showcasing Armenia's top five winners against peers from over 20 countries.

Following the successful inaugural EO 2023 with its international round in Bratislava, the EO 2024 marks our continued commitment to enhancing economic understanding among high schoolers. The EO is inclusive and free for all educational organizations with students in grades 10-12, promoting widespread access and participation. This effort has been met with significant appreciation from students and educators alike, positively impacting Armenia's educational landscape.


To participate in Economics Olympiad 2024 register here:

For more information, write us via email:


Let us make an impact together

We collaborate with our partners: the Economic Fundamentals Initiative, the Institute of Economic Education, and the American University of Armenia, to launch the Economics Olympiad.

Join us in shaping the future of economics education in Armenia! We're excited to announce the launch of the Economics Olympiad, and we need your help to make it a success. By collaborating with us, you'll have the opportunity to make a meaningful impact on the next generation of economists and business leaders in Armenia. Take advantage of this chance to invest in the future and be part of something truly impactful. Let's work together to bring the Economics Olympiad to life! Contact us now to learn more about how you can get involved:

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