The IEA is delighted to announce the results of its 2019 essay competition for the Dorian Fisher Memorial Prize. The first prize of £500 went to Milena Ermolenko of St George’s International School, Luxembourg, while the three runner-up prizes of £250 each went to Suyash Chandak (The Doon School, Dehradun, India), Duncan Montford (Dollar Academy), and Max Ronte (Whitgift School, Croydon). Among those who just missed out on one of the top four prizes were Frederic Kong, Bilal Moin (Dhirubhai Ambani International School, Mumbai), James Corcoran (Skinners School, Tunbridge Wells), Zak Shah (Queen Elizabeth’s Barnet), and Barnaby Shand (Uppingham School). The prize of £500 for the school with the highest number of entries went to Royal Grammar School, High Wycombe with the winners for the last two years, Queen Elizabeth’s Barnet, a close runner up.
The IEA’s Head of Education Dr Steve Davies said:
“The standard of the entries for the competition was once again outstanding. The questions this year focussed on the two highly topical areas of free trade and the challenges of an ageing population, and the long-standing principle of there being no such thing as a free lunch. The entries all showed evidence of hard work and real thoughtfulness about these topics. This year we had a record high number of entries and a record number of overseas entries, from as far afield as India, China, the United States and Dubai, as well as Luxembourg and Germany. Two international entries were among the top four with others in the top ten per cent. It is good to see this evidence of a growing worldwide interest in the economic principles of a free society. We once again had a close race between Royal Grammar School High Wycombe and Queen Elizabeth’s School, Barnet for the highest number of entries – they are getting to be like Manchester City and Liverpool! There were several other schools with a high number of high standard entries who deserve mention, including Colchester Royal Grammar School, Chadwell Heath Academy, and The European School, Karlsruhe. All this shows the growth of interest and engagement with economic insights and principles.”
Dr Davies and the IEA extend thanks to all who took part, who will receive a complimentary copy of the IEA’s EA Magazine and a monograph, and congratulations to the four prize winners and the others who came in the top thirty of three hundred and sixty-six entries. They will all be invited along with their parents, to a prize presentation lunch event, to be held at the IEA on Wednesday 2nd October.
The Monetary Policy Essay Prize 2019
The 2019 competition was won by Evelyn Staicu of Durham University for her essay and presentation on the question:
“Bearing in mind the evolution of monetary policy before the financial crisis and the role of quantitative easing after the crisis, how should central banks take into account the quantity of money when determining monetary policy changes?”
The entries were reviewed by a panel of judges and the top 5 entries presented their papers at the Essay Prize Final on 19th February at the Vinson Centre at the University of Buckingham.
Evelyn won a prize of £1,000. A joint second prize of £250 each was awarded to Chin Lee of Trinity College Oxford and Matthew Chen of Trinity College Cambridge.
The entries were judged on the criteria of knowledge and understanding of the economic issues raised by the challenge, use of resources, the quality and clarity of the argument and analysis presented, and the degree of originality and insight displayed.