In the Spring term of each year, any school students studying UK GCSE, A level or International Baccalaureate (IB) courses are invited to write a unique 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 studies, examples from the world around them and imaginative discussion. Applications for each year's essay topics are managed online through our partners tutor2u, the UK's leading online educational publisher who provide advice and resources to assist students. (View Tutor2U's blog and video on referencing)
The Royal Economic Society Young Economist of the Year essay competition is now open. Students studying UK GCSE, 'A' level or International Baccalaureate (IB) courses are invited to write a unique essay of up to 2,500 words, on one of the subjects set by the President of the Royal Economic Society (given below), calling on key elements of their studies, examples from the world around them and imaginative discussion. Applications are welcome from international students but only those studying the UK A level of IB curriculum as stated above.
The winner of the Young Economist of the Year receives an award and wins £1,000, with runners-up each receiving £500. All those on the final shortlist or highly commended lists will receive a certificate from our partners in the competition, the online educational resource publisher tutor2U.net.
Due to the large number of entries we regret that no feedback can be provided for individual essays.
How do I submit my completed essay?
Who is judging the competition?
Tutor2u arranges a panel of over 20 Economics teacher judges from across the UK, who meet over two days to read through all of the entries and put together a shortlist of essays for final judging and also a list of highly commended entries from the 2016 competition.
For the final shortlist, the RES judges are Sir Charles Bean (RES President, former deputy governor of the Bank of England), Stephanie Flanders ( award winning BBC journalist and Economics Editor, now J.P. Morgan Asset Management's chief market strategist for the UK and Europe) and Professor Jonathan Haskel (Imperial College and elected member of RES Council).
Referencing your essay
The standard of essays submitted each year has risen considerably. Please note that we expect that only essays that have been properly referenced will be considered for the final shortlist and the highly commended list. Referencing is an important skill and one that shows you have done some wider reading when researching your entry. The Harvard Referencing System is the preferred system. There are several apps online that help you to reference work using this system. View more from tutor2U on The importance of referencing
Important notes for all student entries - please read carefully
All applicants are asked to note the following criteria:
The competition is open to all students who are currently studying GCSE, AS / A2 Level or IB Economics anywhere in the world
All essays must be submitted online using the official online entry form
The maximum word count for entries is 2,500 words
The word count includes footnotes
The word count excludes references and bibliography
Only one entry per student is permitted
No revisions to entries are permitted once submitted
Entries to the competition should be unique (i.e. not published elsewhere or submitted to other economics essay competitions.)
Entries must be submitted in either Microsoft Word (doc, docx) format or PDF format. No other formats are acceptable
The deadline for submitting essays is now Sunday 3 July 2016 at 2400 hours (GMT).
Any queries regarding essay submission should be addressed to tutor2u.net
Students should choose ONE of the following essay topics for 2016:
1. "Allowing more immigration of refugees would be good both for refugees and for the economies they come to." Discuss.
2. "Low interest rates penalise the thrifty, so the sooner the Bank of England raises interest rates the better." Discuss.
3. Should the government compensate households and businesses that get flooded out?
4. Further support is needed for first-time buyers in order to tackle the present unaffordability of housing. Do you agree?
5. Does rising inequality warrant the imposition of higher income and inheritance taxes on the rich?
6. Should internet companies like Uber and Airbnb be regulated?
You will find more resources and details on these topics at Tutor2U.net
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:
RES Young Economist of the Year 2015 - Lok Yin Cheng Winning Essays & Judges Report
RES Young Economist of the Year 2014 - Kartik Vira Winning Essays & Judges Report
RES Young Economist of the Year 2013 - Ellie Heatherill. 2013 Winning Essays & Judges Report
RES Young Economist of the Year 2012 - Calum You. 2012 Winning Essays & Judges Report
RES Young Economist of the Year 2011 - Mayank Banarjee. 2011 Winning Essays & Judges Report
RES Young Economist of the Year 2010 - Jessica Hawley. 2010 Winning Essays & Judges Report
RES Young Economist of the Year 2009 - Tiffany Young. 2009 Judges Report & winning essay
RES Young Economist of the Year 2008 - Lizzy Burden & Promit Anwar. 2008 Winning Essays & Judges Report
RES Young Economist of the Year 2007 - Zoe Hart. 2007 Report.