The Society launched their annual Young Economist of the Year competition in 2007, in association with Tutor2U, the online teaching and student resource business.
In the Spring term of each year, any school students studying A level or International Baccalaureate 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. Each year's topics for the essay will be advertised through Tutor2U and the RES website.
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.
Due to the large number of entries we regret that no feedback can be provided for individual essays.
The 2015 Young Economist of the Year essay competition is now open.
School students are now invited to choose one of the topics below to write an essay of between 1,000 to 2,500 words, on one of the subjects below, set by the RES judging panel, calling on key elements of their A Level or International Baccalaureate courses, examples from the world around them and imaginative discussion. 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).
The essay topics for 2015 are:
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?”
The first prize will once again be £1,000 together with an engraved trophy together with cash prizes for the other leading essays.
Our partners in this competition, Tutor2U will cover many of these topics in their blogs - further details from Tutor2U.
The deadline for submitting essays is Tuesday 30 June 2015 at 2359 hours (GMT).
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 (or an equivalent course)
• All essays must be submitted online using the official online entry form which will be uploaded to this account.
• The maximum word count for entries is 2,500 words
• The word count includes footnotes, but excludes references and bibliography.
• Only one entry per student is permitted
• No revisions to entries are permitted once submitted
• Please note that entries to the competition should be unique (i.e. not published elsewhere or submitted to other essay competitions.)
• Entries must be submitted in either Microsoft Word (doc, docx) format or PDF format. No other formats are acceptable.
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.