The three runners up prizes were awarded to Ibrahim Abdu of the Judd School for an essay on the topic of “Why should behavioural economics lead us to be sceptical about both some mainstream economics and calls for larger government?”, and Jermaine Nsubuga of the Latymer School and Linya Peng of Stephen Perse School, Cambridge. They both answered the question “In the light of several countries now having negative nominal interest rates, can monetary policy have any real-world macroeconomic effects and what might they be?”.
The prize for the school with the highest number of entries was recaptured by Queen Elizabeth’s School Barnet, with Royal Grammar School High Wycombe, who had taken it for the last two years, coming second. There were honourable mentions in this category for Rugby School and the Judd School. At the individual level in addition to the four prize winners the judges noted a number of other outstanding entries, including but not limited to Rohan Radia (QE Barnet), Adam Wicks (RGSHW), Nikil Shah, (QE Barnet), Marium Tahir (St Wilfrid’s High School), Carmen Olnos (Fulneck School), Jack Syder-Mills (Adams Grammar School), and Luke Masom (Cheadle Hulme School). The prize winners and those who placed in the top sixteen will be invited, with their parents, to an awards event and presentation to be held at the IEA on October 19th.
The IEA’s Head of Education, Dr Steve Davies, said: “Once again we have had a set of entries of the highest quality from a wide range of schools and establishments, the majority of which had not participated in any of the last five years. The questions were challenging and raised issues that professional economists are very divided about and so it was a real pleasure to see such thoughtful engagement with the issues they raised. Many of the entries showed wide reading on subjects only recently introduced to the syllabus such as behavioural economics, and serious and original thinking about such questions as the nature and definition of global poverty and how to remove it, and the new monetary world that we seem to be entering. On the evidence of this year’s entries the future of the economics profession is bright”.
The IEA’s Annual Essay Competition receives thousands of entries and awards hundreds of pounds to sixth formers across the country.
Please Note: Submissions for the 2017 essay competition will open in Spring.