NATIONAL ECONOMICS AND FINANCIAL MANAGEMENT CHALLENGE (NEFMC)

 

What is NEFMC?

NEFMC is an annual 3-rounds competition organized by the NUS Economics Society for pre-university students to experience university-level economics. Every year, teams from pre-university institutions will challenge themselves with real-world scenarios, where their Economics knowledge is put to test.

NEFMC 2024 Theme

The Rise of the Digital Economy

This theme reflects the current trend of global economies, emphasizing the role of digitalization in shaping contemporary economies. This theme also touches on the issue of economic inequalities globally, encouraging participants to look into how digital inclusion in addressing these disparities. Overall, the theme introduces interesting economic and financial concepts that are both relevant and intellectually stimulating for pre-tertiary students.

Previous Years NEFMC

  • Financial Markets - Financial Crisis and Bank Runs

    With the increased popularity of online brokers and trading platforms, as well as the rise of cryptocurrency as a popular component of many peoples’ investment portfolios, it is worth bringing pre-tertiary students through the thought process of deciding where to invest their money so that they will be able have greater agency in making sound financial decisions in the future. Coupled with the ills that the pandemic has brought about on financial markets, there is no better time than now to analyse the precarity of global financial markets to identify policies that could prevent the world from lapsing into a financial crisis.  

  • Transitioning towards a Sustainable Future

    There is currently an increasing focus on energy transition and sustainability in recent years. Countries worldwide are reviewing climate change targets after COP26, and industries are speeding up then incorporating sustainable practices into their operations. Singapore is no different, with the unveiling of the Singapore Green Plan 2030 that outlines the nation’s efforts towards zero-net emissions. 

  • Building A Resilient Post Covid-19 Economy

    Through this theme, we hope that the participants will be able to critically analyze the impacts of Covid-19 and assess different ways major economies in the world recover.

 

NEFMC on the news