In the Spring term of each year, any school students studying UK 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 essays are judged by a team of school judges organised by tutor2U with the final list of winners judged by the President of the RES and 2 expert judges (usually elected members of the RES Council). 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. All those on the final shortlist or highly commended lists will receive a certificate from tutor2U.
Due to the large number of entries we regret that no feedback can be provided for individual essays.
Over 2,100 essay applicants entered the competition in 20 15 on the topics given below.
View the 79 essays that were judged as Highly Commended or on the Final Shortlist here. Those on the final shortlist are now under consideration by the RES Judges and winners will be announced shortly.
1. “Countries like Greece caused the Eurozone crisis by running up too much debt, so it is only fair that they should bear most of the burden of fixing it." Discuss.
2. Should the Government support manufacturing? If so, how?
3. Should raising GDP be the primary objective of economic policy?
4. “The rising gap between rich and poor is not just bad for society, it is bad for growth." Discuss.
5. Should “fracking” be allowed? If so, who should benefit?
6. “It is immoral for the drug companies to charge large sums for drugs that are cheap to manufacture.” Discuss.
7. "High saving promotes faster growth. So having more savers in the global economy should be good for our long run prosperity."
8. “Does the economic case favour a new airport runway at Heathrow, Gatwick or elsewhere?”
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 2014 - Kartik Vira 2014. 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.