Friday, September 26, 2025
Hiba Sinno, Office of Communications, [email protected]
What can a group of teenagers uncover about Lebanon's economy in just four days? A lot, as it turns out. At AUB's first Economics Summer Camp, high school students interviewed businesses, analyzed data, and discussed policy with faculty—culminating in a letter with recommendations to the Lebanon's minister of economy.
The Department of Economics created the camp to give high school students a clearer understanding of what economics as a discipline involves. Unlike fields such as engineering or medicine, economics is less visible at the pre-university level, leaving many students without a concrete idea of what studying it entails. By providing early exposure, the camp introduced possible career paths in policy, research, finance, and the private sector, while also showing how economic thinking applies to daily life, from money and inflation to Lebanon's economic crisis and the role of artificial intelligence. “We wanted participants to see how economic thinking informs everyday decisions and public policy, not just classroom theory," says Dr. Ishac Diwan, professor of practice of economics at AUB.
Hands-on activities were central to the camp. Students interviewed managers from companies in sectors such as construction, beverages, spices, and media, asking about demand, competitiveness, and the impact of high costs. They summarized their findings—highlighting electricity expenses, access to credit, and the decline in demand since 2019—in a letter to the minister of economy that included recommendations on how to address these challenges. As Dr. Diwan says, “The goal was to give students a feel for policymaking and show how firm-level insights can inform national strategies."
“I wanted to build on what I had learned on my own, so this was a good opportunity to deepen my understanding of economics," says Naya Khoury, one of the students. “We worked on a project where we got to interview a manager of a business of our choice, see how the financial crisis of 2019 impacted them, and send a letter to the minister about it."
Andrea Abou Jaoude adds: “The camp exceeded my expectations. It was really enjoyable. The project that we did helped me get the point of view of the companies facing the crisis and how they can pick themselves up."
The camp concluded with a meeting where students presented their findings to Minister of Economy Amer Bsat, along with faculty, graduate students, and Dean Farès Dahdah. “I am equally curious to see what you were able to pull off in a summer program that I didn't think would happen," says the minister. “These are very perceptive comments. At the end of the day, there's no way you're going to understand the economy unless you understand the micro."
Dr. Diwan also praised the students' quick results: “In just 48 hours, they carried out interviews, produced a policy matrix, and drafted a letter with recommendations." Dean Dahdah suggested making the firm interviews an annual survey to track how Lebanese businesses respond to crisis conditions and build a valuable dataset over time.
With this first edition completed, the Department of Economics hopes to extend the camp's duration, add new topics such as Bitcoin and artificial intelligence, and make firm interviews a recurring activity with the Ministry of Economy. What began as a pilot has already shown that high school students can meaningfully engage with economics, linking classroom concepts to the realities of business and policy.