Microeconomics: Class Materials
International Economics Olympiad · Middle school

Microeconomics: Class Materials

Classes 1–2: Thầy Hưng’s slides and practice questions

Here are thầy Hưng’s materials for Classes 1 and 2. You’ll find his slides below, along with practice questions from the slides and the organisers’ question banks.

Class 1 · 18 October

Class 1a

Economic Principles

Scarcity and trade-offs, models and graphs, the PPF, comparative advantage, the circular flow
SlidesGoogle Drive Slides (with notes)Google Drive Practice questions35 questions · 2 sets
Class 1b

Demand & Supply

Demand, supply and equilibrium, price controls, elasticity, surplus, taxes, trade and tariffs
SlidesGoogle Drive Slides (with notes)Google Drive Practice questions48 questions · 3 sets

Class 2 · 25 October

Class 2

Famous Economists & their Contributions

From Adam Smith and Keynes to the Nobel laureates of 2016 to 2026
SlidesGoogle Drive Slides (with notes)Google Drive Practice questions59 questions · 3 sets

Practice for Classes 1–2

Form

Organisers’ Question Bank 2026

The organisers’ practice form covers the topics from Classes 1 and 2. You’ll need the password below to access it.
PasswordIEOVEO1591238
Open the form

Classes 3–6: Slides and practice questions by me (Linh)

Here are my slides and practice questions, organised by topic. The questions are already available for all topics, so feel free to have a go! I’ll upload the slides as we go along.

Class 3 · 1 November

Recording

Class 3 Recording

Missed the class or want to go over it again? Here’s the recording from 1 November, covering Micro 0 and Micro 1.
Watch the recordingGoogle Drive
Micro 0

Review of the Basics

Micro and macro, the ten principles, the PPF, trade, tariffs and quotas
Slides (without answers)Google Drive Slides (with answers)Google Drive Practice questions41 questions · 3 sets
Micro 1

Production Costs

Short-run production, cost curves, long-run costs, profit
Slides (without answers)Google Drive Slides (with answers)Google Drive Practice questions30 questions · 2 sets

Class 4 · 8 November · tentative

Micro 2

Market Structures 1

Slides to followPractice questions55 questions · 3 sets
Micro 3

Market Structures 2

Slides to followPractice questions23 questions · 2 sets

Class 5 · 15 November

Micro 4

Factor Markets

Slides to followPractice questions50 questions · 3 sets
Micro 5

Market Failure

Slides to followPractice questions95 questions · 5 sets

Class 6 · 22 November

Micro 5

Market Failure

Continuing from Class 5
Slides to followPractice questions95 questions · 5 sets
Micro 6

Consumer Choice and Behavior

Utility, indifference curves, the budget line, price effects, elasticity, risk and behavioral economics
Slides to follow Practice questions119 questions · 6 sets

Mixed Practice

These tests cover a mix of microeconomics topics from the organisers’ question banks. Try them once you’ve worked through all the topics above. The password for each form is shown below its title.

Microeconomics Practice — 2025 Question Bank

PasswordIEOVEO8512305
Open the form

Microeconomics Practice — 2026 Question Bank

PasswordIEOVEO59210398
Open the form

References and Extra Reading

I’ve put the organisers’ question banks, past papers and study materials here so you can find them in one place. All links open in a new tab.

Question Banks and Past Papers

Question Bank

Practice questions covering methodology and basics, microeconomics, macroeconomics and international economics.

92 pages · 1.6 MB
Open

Test Bank 1.0 — Questions

Multiple-choice questions on microeconomics, macroeconomics and international economics.

70 pages · 9.3 MB
Open

Test Bank 1.0 — Answers

Answers to the test bank above. Try the questions yourself before checking!

66 pages · 9.1 MB
Open

2024 Preliminary Round Paper — Middle School

The 2024 paper, with answers shown below each question.

6 pages · 133 KB
Open

Sample Test — Middle School

25 questions in 35 minutes, available in English and Chinese. Set a timer if you’d like to practise at exam pace.

8 pages · 333 KB
Open

Study Materials and Guides

Knowledge Map — Middle School

The syllabus, showing the topics and subtopics you could be tested on.

5 pages · 215 KB
Open

Preparation Booklet — The Academic Guide

An introduction to the Olympiad and the main study material from the organisers.

80 pages · 3.7 MB
Open

Study Guide

Topic guides, a mock test and a review section to help with revision.

25 pages · 1.7 MB
Open

Recommended Reading

Textbooks and other reading suggested by the organisers.

12 pages · 1.2 MB
Open

Economics Glossary

A quick reference for economics terms, from A to Z.

45 pages · 886 KB
Open

Economics Dictionary

For looking up economics terms and concepts.

Google Drive
Open