The Society launched their annual Young Economist of the Year competition in 2007, in association with Tutor2U, the O2 Smarta100 2011 winner online teaching resource business.
In the Spring term of each year (January), school students are invited to write an essay of between 1,000 to 2,500 words, on a subject set by the President of the Royal Economic Society, calling on key elements of their A Level or International Baccalaureate courses, examples from the world around them and imaginative discussion. Each year's topics for the essay will be advertised through Tutor2U and the RES website.
The winner of the Young Economist of the Year prize is announced in August each year, with the prize presentation to be made at the RES Annual Public Lecture in London. The winner of the Young Economist of the Year receives an award and wins £1,000, with runners-up each receiving £500.
Congratulations to all of the over 1150 entrants for making "a tremendous effort to research their answers and craft answers with a clear argument running through their final piece. This competition tries to encourage students to avoid the strait-jacketed techniques best suited to exam-style questions. It was a delight to see in 2013 that many economists were happy to choose this route and we offer warm thanks to their teachers for support and encouragement. " (Geoff Riley, initial judging panel, Tutor2U)
Ellie Heatherill of Runshaw College, Leyland, Lancashire presented the best essay entitled "Does the international mobility of talent make it impossible to tax the rich?" Ellie's very lively well written essay unearthed a wide range of relevant evidence but showed independence of thought in considering the underlying economics of her examples. The judges considered her a thoroughly deserving winner of the competition. Read her winning essay here.
1st runner up is Tom Rutter of Bishop Wordsworth's School, Salisbury, Wiltshire for his essay on "Must quantitative easing end in inflation?" There were many strong essays on this topic, but Tom's distinguished itself by the clear structure of its argument and its use of an example drawn from the world of video games. Read the 2nd place essay here:
Joint 3rd place was awarded to Georgina Evans (Perse School Cambridge) and Holly Metcalf (St Paul's Girls School, London) both of whom addressed the question "Should the experience of China silence those who think democracy is good for growth?" Read their essays- Georgina Evans here and Holly Metcalf here.
Any queries on the competition should be addressed to Tutor2U http://www.tutor2u.net/contact-tutor2u.html or general queries to the RES administrator, Amanda Wilman on firstname.lastname@example.org. Due to the large number of entries we regret that no further feedback can be provided.
From this page, you can link to the Essay titles and Competition winners and runners-up, their essays and the judges' reports from previous years: