Charitable Fund «Alfred Nobel Planet» (Ukraine) Dnipropetrovsk University of Economics and Law (Ukraine) International Nobel Info Center (Russia) The World Nobel Students’ Internet Contest on Economics



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Charitable Fund «Alfred Nobel Planet» (Ukraine)

Dnipropetrovsk University of Economics and Law (Ukraine)

International Nobel Info Center (Russia)

The World Nobel

Students’ Internet Contest on Economics

What is the benefit of the contest?


The current recessionary stage of the global economy is characterized by obvious contradictions between the complex economic phenomena and available instruments to study and analyze those phenomena. The role and social responsibility of prominent scientists, the Nobel Prize winners, is increasing in the situation of the global economic crisis. It is the Nobel future-proof ideas that can accelerate the fundamental changes in economic and social progress. The Nobel movement should be considered today as one of the unique factors, which makes us aware of these changes, both on the level of individuals and on the level of the society as a whole.

It’s the most urgent challenge for the global economy and for the international scientific community to develop an effective strategy for applying Nobel ideas to explain and predict the consequences of modern economic development. The International Nobel Students’ Internet Contest can be one of such strategy component.

Taking into account the fact of Nobel laureates’ exceptional competence in the ideas of overcoming the world financial and economic crisis, the first field of knowledge in which to hold the Nobel Students’ Internet Contest should be Economics.

Dnipropetrovsk University of Economics and Law, one of the leading Ukrainian universities, works hard to stimulate students’ creativity, to promote the Nobel ideals of developing the unique intellectual capital from the earliest stages of future scientists’ and specialists’ training.

In 2003 the Hall of Nobel Prize Winners’ in Economics was unveiled in Ukraine for the first time ever. The Memorial Hall became the leading centre of research and educational activities, where various international events take place. Those events attract famous Ukrainian and foreign scientists, scholars, and educators.

The University administration made a decision to hold the International Nobel Forum on Economics and to create the unique memorial «ALFRED NOBEL PLANET» in Dnepropetrovsk University of Economics and Law to commemorate the world intellectual elite – NOBEL LAUREATES. The memorial does not have analogues either in Ukraine or in the world.

The aim of the memorial and the Hall of Nobel Prize Winners is to glorify and make popular science and the creative genius of man, his aspiration to light and the common good, to glorify the names of talented scientists-pathfinders of the planet Earth.

September 2008 witnessed the first International Nobel Economic Forum «World Economy in the 21st Century: Cycles and Crises» which was initiated by Dnipropetrovsk University of Economics and Law and the Charitable Fund «Alfred Nobel Planet» with the support of Nobel Prize Winners, the National Academy of Sciences of Ukraine, the Russian Academy of Sciences and other research institutions. The Forum became the venue of heated discussions on the results of research devoted to the general trends of modern civilizational development under the influence of globalization processes.

The unveiling of the memorial 13 September 2008 became the climax of the Forum. ALFRED NOBEL PLANET Memorial is set to commemorate the 40th Anniversary of the Nobel Prize in the field of Economics established by the Sveriges Riksbank. The memorial is a 5-meter structure with the symbolic globe (3 meters in diameter) where the bronze medals with images of more than 800 Nobel Prize Winners (from the year 1901) of all nominations are placed. The alloy that the globe has been made of adds to the symbolic nature of the memorial since it is obtained by recycling Ukrainian strategic missiles.

To put into life the Forum recommendations aimed at promoting Nobel ideas in the world the Academic Board of Dnipropetrovsk University of Economics and Law passed a decision to hold the World Nobel Students’ Internet Contest in the Nobel Prize fields. The first Contest in the field of Economics is to be held from October 2009 to April 2010.


The goals and tasks of the Contest

The goal is to promote the scientific ideas of the laureates in the field of Economics among economically-minded students of different nations, to involve them in research of urgent economic issues.


The Contest will solve the following set of tasks:

  • To involve students into profound study of the outstanding economists’ scientific heritage and to promote scientific research in economies of different countries with the application of Nobel Laureates’ findings;

  • To promote World-class scientific research in different countries;

  • To integrate different scientific schools of various fields of science;

  • To create the continuity of national scientific schools in different countries;

  • To find talented young people and support them by grants;

  • To promote international students’ mobility, to help young scientists get into contact, to create trust and consent among youth of different nations.

The task structure and the guidelines for Contest entries


There are three tasks for the participants of the World Nobel Student’s Contest:

  1. To write two essays under the mottos:

    1. «The scientific achievements of the Nobel Prize Winners in the field of Economics and their application for the analysis of causes and finding ways of overcoming the world financial and economic crisis».

Every participant may choose any topic within the area. The essay size is not more than 20000 symbols.

    1. «The Nobel movement in my country and my ideas as to how to promote it».

The essay size is not more than 10000 symbols.

  1. To suggest their hypothesis which explains a certain world economic trend or concept, suggests a solution of a certain macroeconomic issue.

To cope with the task, the participants should follow the recommendations below:

    1. The problem to be solved should be of a fundamental or theoretic nature;

    2. The trend to be explained should have been in existence in the global economy for not less than 3 years;

    3. The original sources or some extra information on the ideas of the hypothesis and problem solving task should be mentioned;

    4. The task should mention the ways and instruments of hypothesis generation which does not exclude participants’ own ideas and approaches to problem solving;

    5. The style of the hypothesis or concept presentation should be concise to provide the best understanding of the conceptual issues (not more than 5000 symbols);

    6. The ideas of the task should be checked and qualified as those which do not contradict the acknowledged ideas.

  1. To draw up a project for applying Nobel theory in the framework of national economies.

The Organizing Committee suggests the topics for the projects from within the scope of Contest Committee members’ achievements.

The size of the project is not more than 5000 symbols. The project should be based on the real data from the national economies of participants’ home countries.



All the requirements and detailed recommendations on assignments l can be found in the Regulations of the World Nobel Students’ Internet Contest on Economics and in its Appendices.

The procedure of World Nobel Students’ Internet Contest on Economics and the manner of winners’ selection


All the assignments should be submitted to nobelforum@duep.edu. Attach the completed application form to the essays. The deadline for entries is December 31st 2009.

Starting from 1 January 2010 all the entries will be placed on the site of the Charitable Fund “Alfred Nobel Planet” http://nobelplanet.org. Members of the Scientific Contest Committee will read and grade them using the 1000-point scale, choosing 6 principal front-runners. The organizers will receive the results prior to 1 March 2010. Before 15 March 2010 the Organizing Committee will sum up the recommendations of the Scientific Contest Committee and send the results back to the members of the Board to make a final decision.



2 April, 2010 will witness the announcement of the winners’ names posted on the site of the Charitable Fund “Alfred Nobel Planet” http://nobelplanet.org:

1st place – one participant will get the medal of the Charitable Fund «Alfred Nobel Planet», a special prize, money award to the amount of $1000, and an invitation to take part in the Second International Nobel Economic Forum (Dnipropetrovsk, Ukraine) which will take place 19-21 May 2010. The expenses (entrance fee and accommodation) will be covered by the Organizing Committee;

2nd place – two participants will get the medals, special prizes, money awards to the amount of $500 each, as well as the invitation to take part in the Second International Nobel Economic Forum (Dnipropetrovsk, Ukraine) which will take place 19-21 May 2010;

3rd place – three participants will get the medals, special prizes, money awards to the amount of $300 each, as well Scientific International Nobel Economic Forum (Dnipropetrovsk, Ukraine) which will take place 19-21 May, 2010;

THE ORGANIZING COMMITTEE WILL ALSO PROVIDE THE WINNERS WITH CERTAIN OTHER SPECIAL AWARDS AND PRIZES.


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