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Isak Al and Magne Björnholm in the successful team from Luleå University of Technology. Photo: Staffan Westerlund View original picture , opens in new tab/window

Successes for Luleå University of Technology in the Swedish Championships in Economics

Published: 22 June 2022

On Friday 12 May, the Swedish Championships in Economics were held in Örebro. Despite a numerical disadvantage, Luleå University of Technology's team came in third place. The team has thus qualified for the Nordic competition in economics in Helsinki 28 - 30 October.

Olle Hage is a senior lecturer in economics and a qualified teacher. The Swedish Championships in Örebro is his sixth time as a judge in the competition.

“It's not something I get paid for but it's worth taking part anyway. I enjoy supporting an event organized by the students themselves.”

Students are assessed in four different economics subject areas: economics, accounting & governance, marketing & organization and general economics. The latter area can deal with issues that belong in law or statistics as well as purely general education issues. Each area has a judge. In addition, there is a chief judge.

Show that they understand

“Most questions require that the competitors do not just answer correctly. They must also make a proper analysis to show that they really understand the issue."

In total, teams from about 15 different Swedish universities participated in the Swedish Championships in Örebro. To participate in the Swedish Championships, each team must first win a competition at their own university. Isak Al was a member of the team that won the competition at Luleå University of Technology, but when the Swedish Championships were getting closer, he was suddenly the only remaining member of the team.

“I called Magne Björnholm and asked him if he wanted to join me in Örebro and compete. Magne is smart. In addition, he is in the first year of a master's degree in economics, thus he has the first year fresh in mind.”, says Isak Al.

Both in writing and orally

The final consisted of both written and oral questions. Some of the questions are pure factual questions with an unambiguously correct answer, while other questions require students to be able to make convincing reasoning.

“The last question was crucial. Luckily, I had just had an exam in applied macroeconomics. Thanks to that, I was able to answer the question”, says Magne Björnholm.

Despite the fact that the other teams consisted of three competitors, things went well for Isak and Magne. Together with a team from the Stockholm School of Economics and Karlstad University, respectively, they will compete against teams from Finland, Denmark and Norway in Helsinki this autumn.

“Norway is considered a favorite. But I am a competitive person so I go in to win in Helsinki”, says Isak Al.