Student Essay Competition

The Dorian Fisher Memorial Prize 2017

We are delighted to present this year’s competition for A- Level and IB students, with a prize of £500 for the entry judged best and £250 each for the three runners up. There is also a prize of £500 for the school with the highest number of entrants. The four top winners, along with the other best entries, will all be invited to a special one-day event at the IEA in the Autumn term at which they will be presented with a certificate and the award. Entries should be submitted by post to Dr S. Davies, Education Director, Institute of Economic Affairs, 2 Lord North Street, London SW1P 3LB. The final deadline for this year’s competition is Friday 28th July. The prize for this competition is now named after Dorian Fisher, the wife of Sir Anthony Fisher, founder of the IEA, who was a long-time supporter of the Institute and its work.An entry to the competition should contain the following three pieces of work.

1. A short essay, of approximately 1,200 words, on one of the following questions:

(a) If economics gives us a way of understanding the world better then why is the record of economic forecasting so poor?

(b) Why did most economists who expressed an opinion think that the creation of the Euro was a bad idea, and have their fears been proved correct?

(c) Why do almost all economists oppose economic nationalism and how is this reflected in their views of trade and migration?

2. A 500-word answer to one of the following two questions:

(a) Is economics individualistic?

(b) What is meant by the notion of rationality in economics?

3. A 500-word answer to the following question:

Identify an area of economics that you think should be given more attention in the A- Level or IB syllabus and say why this is so.