economics essay competition 2021

High School International Economics Essay Competition (HIEEC)

HIEEC provides students the opportunity to demonstrate an accomplished level of writing and understanding of economic theory. Through the contest, students hone their academic and professional skills and exhibit their knowledge. 

The 2023-2024 Harvard International Economics Essay Contest is sponsored by the Harvard Undergraduate Economics Association (HUEA). This essay competition is open to high school students of any year and is a fantastic opportunity to demonstrate an accomplished level of writing and understanding of economic theory.

The top three winning essays will be published (with the author’s permission) on our website. A finalists list of the top submissions will be published online and adjudicated by a real-world economist. A list of names that will receive the "Highly Commended" distinction will also be published online​. The judges' decisions are final.

Entrants must choose one of the four prompts and write a response to it with a strict limit of 1500 words. Submission must be via the HUEA website and entrants are limited to submitting one essay with only the first submission being considered.

Each essay submission will have a $20 reading fee which should be paid upon submission of the essay. If this fee will impose a significant financial burden on your family, please email us. The deadline for submitting the essay is 11:59pm EST January 5th, 2025. ​​

The essays will be judged by the board of the HUEA, with the top 10 submissions being adjudicated by a Economics Professor at Harvard.

Terms & Conditions

The word limit of 1500 must be strictly adhered to. Any words past the limit will be truncated. This limit excludes references, footnotes, titles, headers and footers.

Essays must be written only by the entrant. Any outside assistance must be declared in the beginning or end of the essay.

Only your first submission will be accepted. Any further submissions will not be read.

References must be included, and any plagiarism will lead to disqualification.

References must be in Chicago or APA format. The only accepted document formatting is PDF. Any other format will not be accepted, nor will refunds be given to those who do not follow this rule.

No refunds are granted.

Grades 9-12 are permitted.

The essay must not be entered in any other competition nor be published elsewhere.

No individual feedback of essays will be granted.

The decisions made by HUEA by the final round of adjudication are final.

All winners agree to their names being published on the HUEA website.

November 1st – Essay Prompts released

January 5th, 11:59 PM EST, 2025 – Essay submission deadline

Late February 2024* – Highly Commended and Finalists notified

Early March 2024* – Winners notified, results published on the website​

*We received a high volume of submissions, therefore we anticipate that it will take us a couple more weeks to release the results. 

Join Our High School (HS) Competitions Newsletter

Engaging High School Students

If you are a high school student or administrator who is interested in participating in our upcoming competitions, be the first to know by joining our HS Competitions Newsletter.

 Competition Results

Announcing the 2023 essay prize winners special congratulations to those who achieved a distinction or high distinction in this year's competition. those who did so but did not attend the prize-giving ceremony will be contacted by email, providing access to their ecertificates by the end of the month . p hotographs from our prize-winning ceremony and related events in oxfo rd will be emailed to those who attended.  , grand prize, hosei kishida, shanghai american school, china.

Junior Prize

Winner:    Xibei Kuang, Pinehurst school, New Zealand

Second Prize:  Alissa Song, Kambala, Australia

Third Prize:   Iris Zhu, Bement School, USA

ECONOMICS Prize

Winner:  Kit Young Tham , Hwa Chong Institution, Singapore

Second Prize:  Kevin Hao, Knox Grammar School, Australia

Third Prize:   Zhong Yang M. Yeh, Shanghai High School International Division, China

PHILOSOPHY Prize

Winner:    Hosei Kishida, Shanghai American School, China

Second Prize:  Amanda Sun, Princeton High School, USA

Third Prize:   Qianyu Lin , Raffles Institution, Singapore

POLITICS Prize

Winner:  William Zhou, Hunter College High School, USA

Second Prize:  Ziyi Wei, Westridge School for Girls, USA

Third Prize:   Xiaoya Du , The High School Affiliated to Renmin University of China, China

HISTORY Prize

Winner:    Yoo Jin Cho, Presbyterian Ladies' College, Australia

Second Prize:  Hannah Fareed, Karachi Grammar School, Pakistan

Third Prize:   Quynh Anh La Le, Saigon South International School, Vietnam

Winner:  Youran Wu, Nanjing Foreign Language School British Columbia Academy, China

Second Prize:  Kayson Hu, Reddam House Sydney, Australia 

Equal Third Prize:  L ucienne Keyoung, Manhasset High School, USA

Equal Third Prize:  Esme Vallois-Davies, Colchester Royal Grammar School, UK

THEOLOGY Prize

Winner:    Hanyu Li, High School Affiliated to Renmin University of China, China

Second Prize:  Shivraj Sharma, Neerja Modi School, India

Third Prize:   Scarlet Strogov, South Orange Middle School, USA

PSYCHOLOGY Prize

Winner:    Claire Yura Kim, Berkshire School, USA

Second Prize:  Arnav Pandey, The International School Bangalore, India 

Third Prize:   Hannah Kim, La Canada High School, USA

RECENT Essay Prize Winners

Grand Prize

Benjamin Who, The Hotchkiss School, USA

Winner: Selena Teng, Millburn High School, USA

Second Prize: Jinchuan Li, The Experimental High School attached   to Beijing Normal University, China

Third Prize: Vivian Li, Magdalen College School, UK

Winner: Pengzhe Lin, Cranbrook Schools, USA

Second Prize: Brandon Ma, Living Word Shanghai Bilingual School, China

Third Prize: Fengshuo Wang, Allendale Columbia School, USA

Winner:  Benjamin Who, The Hotchkiss School, USA

Second Prize: Ke Ren, Ulink Beijing, China

Third Prize: Yixi Zhang, Experimental High School Attached to Beijing Normal University, China

Winner: Yifan Liu, Independent Schools Foundation, Hong Kong

Second Prize: Xiaoyi Shi, Shanghai Foreign Language School Affiliated to SISU, China

Third Prize: Chenrui Dai, Ruian High School International Department, China

Winner: Shahmeer Bukhari, Karachi Grammar School, Pakistan

Second Prize : Sujeong Park, North London Collegiate School Jeju, Republic of South Korea

Third Prize: Samantha Shim, Phillips Academy, USA

Winner: Jonathan Pan, The King's School, Australia

Second Prize: Xinyue Zhu, Bard College at Simon's Rock, USA

Third Prize: Chloe Huang, Westminster School, UK

​Winner: Gabriel Stoney, Rugby School, UK

Second Prize: Yifei Chen, Wuxi Big Bridge Academy, China

Third Prize: Donghong Wei- Shenzhen College of International Education, China ​

Winner:   Cheuk Hei Chung, Chinese International School, Hong Kong

Second Prize: Teresa Yan, PS/MS 219 Paul Klapper, USA

Third Prize: Jia ning Zhang, Veritas Christian Academy, USA

Huaming Li, Xi’an Gaoxin No.1 High School, China

Winner: Austin Swaffer, Knox Grammar School, Australia

Second Prize: Chongwen Gu, YK Pao School, China​

Third Prize: Dana Song, Horace Mann, USA

Winner: Andre Pancholi, Latymer Upper School, UK

Second Prize: Yuhan Wang, Dunman High School, Singapore

Third Prize: Justin Chan, Harrow School, UK

Winner:  Marc Kadir, The Manchester Grammar School, UK

Second Prize: Arshiya Jain, Modern School Vasant Vihar, India

Third Prize: Alexander Chen, Archmere Academy, USA

Winner: Major Shokar, Aylesbury Grammar School, UK

Second Prize: Zoya Fasihuddin, Karachi Grammar School, Pakistan

Third Prize: Stella Zhu, Northfield Mount Hermon, USA​

Winner: Eugene Choi, International School Manila, Philippines

Second Prize: InChan Yang, Winchester College, UK

Third Prize: Sarah Carr, Sidcot School, UK

Winner: Aiden Whitham, St. Paul's School, UK

Second Prize: Laura Koscielska, The Purcell School For Young Musicians, UK

Third Prize: Naciima Mohamed, Columbia Heights High School, USA

​Winner: Hao Tian, Beijing New Talent Academy, China

Second Prize: Huaming Li, Xi’an Gaoxin No.1 High School, China

Third Prize: Corey Koh, Raffles Institution, Singapore ​

Winner:  Joonyoung Heo, Pacific Cascade Middle School, USA

Second Prize: Stephanie Mo, Indian Mountain School, USA

Third Prize: Rena Kim, Menlo School, USA​​​

Ethan Christian Tan, Anglo-Chinese School, Singapore

Winner: Ethan Christian Tan, ACS (Independent), Singapore

Second Prize: Min-Jun Kang, Korea International School, Korea

Third Prize: Ali Haider, Wallington County Grammar School, UK

Winner: Helny Hobbs, Newstead Wood School, UK

Second Prize: Elizabeth Zhu, University of Toronto School, Canada

Third Prize: Calvin Xu, Appleby College, Canada

Winner:  Raphael Conte, Sir William Borlase's Grammar School, UK

Second Prize: Saskia Poulter, The Tiffin Girls' School, UK

Third Prize: Jaimin Shah, King Edward VI Grammar School, UK

Winner: Runan Lin, Georgetown Preparatory School, USA

Second Prize: Christopher Conway, King's College School, UK

Equal Third Prize: Sungjin Park, Wellington College, UK and

                                  Megan Cui, Phillips Andover Academy, USA

Winner: Tianyi Jia, Princeton High School, USA

Second Prize: Henry Barker, Felsted School, UK

Third Prize: Jessica Na, Interlake High School, USA

Winner: Noah Buckle, Watford Grammar School for Boys, UK

Second Prize: Zheng Wei Lim, Raffles Institution, Singapore

Third Prize: Varun Venkatesh, Tanglin Trust School, Singapore

​Winner: Sirui Cai, Raffles Institution, Singapore

Second Prize: Junfang Zhang, Hwa Chong Institution, Singapore

Third Prize: Christopher Bong, ARCH Education, Hong Kong ​

Winner:  Jason Hausenloy, UWCSEA East Campus, Singapore

Second Prize: Anna Rantakari, Wellington College, UK

Third Prize: Alexander Fletcher, St Paul's School, UK

Luke Duthie, Germantown Academy, Pennsylvania, US

Winner: Younghoon Seo, Chadwick International School, South Korea

Second Prize: Jiajun Chung, Anglo-Chinese Junior College, Singapore

Third Prize: Maximilian Fawcett, St Paul's School, UK

Winner: Nayah Victoria Thu, Oslo International School, Norway

Second Prize: Daniel Craig-McFeely, St Paul's School, UK

Third Prize: Haritha Kumar, Cupertino High School, US

Winner:  Luke Duthie, Germantown Academy, US

Second Prize: Janusha Uthayakumar, Woodford County High School for Girls, UK

Third Prize: Harry Toube, City of London School, UK

Winner: Rosie Ashmore, Hagley Roman Catholic High School, UK

Second Prize: Mihira Philip, Sutton Grammar School, UK

Equal Third Prize: George Chadney, The Haberdashers' Aske's Boys' School, UK

                                  Clemmie Read, St Paul's Girls' School, UK

Winner: Zikai Zhou, Xiaoshi High School, China

Second Prize: Claire Yoonsuh Kim, Chadwick International School, South Korea

Third Prize: Sophie Kelly, Millfield School, UK

Winner: Elijah Lee, Anglo-Chinese School (Independent), Singapore

Second Prize: Cindy Xin, Albany High School, US

Third Prize: Andrzej Karpiński, II High School In Poznan, Poland

​Winner: Judy Hyojoo Rhee, University Hill Secondary School, Canada

Second Prize: Jonathan Lee, Abingdon School, UK

Third Prize: Alexander Archer, Eton College, UK ​

Equal First Prize: Ethan Zhu, The King's School, Australia

                                Indigo Lee-Wilson, Ascham School, Australia

Third Prize: Jason Hausenloy, UWC South East Asia East Campus, Singapore​​​

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RES Young Economist Essay Competition Guidelines 2021

The RES Young Economist of the Year competition 2021 aims at encouraging year 12 and 13 students (studying for A-Level, International Baccalaureate (IB) or Scottish Highers qualifications who either normally reside or are studying in the UK) to produce their own ideas in analysing contemporary economic problems facing the UK and the world. Participants can choose from a list of topics provided on the competition website which are selected by the RES. Students do not need to be studying economics to be able to enter this competition. The RES welcomes entries from any student who is interested in economic issues and would like to share original ideas or perspectives on these issues. The RES also welcomes a diverse range of contributions and individual insights on the competition topics.

Students (“You”) must submit a written contribution which can contain tables and charts. Depending on the topic and how you approach it, your entry may focus primarily on arguments and reasoning (an “essay”), it may concentrate on data and your perspective on its implications (a “report”), or it may have elements of both. The ‘Data, Referencing and Bibliography’ section of this document contains further guidance on where to find relevant data, and you can also make your own tables or charts.

The maximum limit of the entry is 1000 words. This word limit excludes the bibliography, the title page, footnotes, acknowledgements of help received, and any in-text references (such as “(Smith, 2020)”). It also excludes images, tables, charts, and figure captions (where applicable).

Submission Method

• Every participant is required to submit their entry in the submission portal provided in the competition website. It is the participant’s responsibility to submit their essay by the deadline. No late submissions are accepted .
• Since the entries will be marked anonymously, the participant’s name must not appear anywhere, to ensure a fair evaluation of the submissions.
• The Royal Economic Society accepts no responsibility for any technical failures which may result in any entry being lost, corrupted or not properly registered. No responsibility will be taken for damaged or lost entries.

Submission Deadline

All entries must be submitted by the deadline of 23.59 (BST) on 10 July 2021 .

• Entries should be submitted in either Microsoft Word or PDF format. (If the entry contains charts or tables, the PDF format is recommended as it preserves the formatting and layout of charts and tables.)
• All pages in the entry should be numbered, including the cover page.
• The main text of the entry should be double-spaced with a font size of 12.

Every participant must submit an originally researched and originally written entry. You can only receive help with proofreading the final draft, where assistance should be limited to grammar or clear communication of ideas. In these cases, a note must accompany your entry citing any such assistance received. This acknowledgement note will not count toward the entry’s word limit.

All short-listed entries will be checked for plagiarism using state-of-the-art software. Plagiarism is “ the process or practice of using another person’s ideas or work and pretending that it is your own ”. For example, copying sentences word-for-word from another source will be detected by the plagiarism software and constitutes a plagiarism offence. You can find more examples of what counts as plagiarism, and tips on how to avoid plagiarism, at this website: https://www.niu.edu/academic-integrity/faculty/committing/examples/index.shtml .

Entries where substantial evidence of plagiarism is detected may be withdrawn from the competition, and t he RES reserves the right to cancel any such submission . So, please ensure that your competition entry is written in your own words . In addition, you must cite content that you use from any source (such as a website, book, or news article) to support your arguments. The next section explains how to properly acknowledge sources and avoid plagiarism.

Data, Referencing and Bibliography

When you use information/material from other sources, you must acknowledge them in your work. Although we do not require a detailed in-text referencing of your arguments for the 2022 competition, a list of sources that you have consulted and have substantively influenced your arguments must be included at the end of your entry. These references do not count toward the word limit of the entry.

You are encouraged to use data obtained from reliable data sources such as the Office of National Statistics , Federal Reserve Bank websites (e.g. https://fred.stlouisfed.org/ ), the World Bank , the OECD , and Our World in Data . You may also find data on your local authority website. You can take charts and tables directly from the source, but if so this must be acknowledged as a note to the chart/table in your entry. In general, it is preferable to use the data to make your own charts and tables. Any such data sources that you use should be listed in the references .

Guidance for writing your entry

• Who is the target audience?

Your entry should be aimed at a general interest audience (anyone who is interested in the topic you are writing about), rather than specifically at people who have studied economics.

• Advice on structuring and formatting your entry

Your entry should follow the general structure of introduction, main arguments, and conclusion. The following websites contains some non-subject-specific guidance about the possible structure and format of written work:

https://www.qub.ac.uk/directorates/sgc/learning/NewBrandDocs-FileStore/Filetoupload,781679,en.pdf

https://www.qub.ac.uk/directorates/sgc/learning/NewBrandDocs-FileStore/Filetoupload,781693,en.pdf

Your readers may not have studied economics, so it is important to explain the intuition behind the economic phenomena you are analysing. ‘Intuition’ refers to a non-technical ‘common-sense’ explanation for the observed phenomena. The first challenge for you is to think of a solid and clear economic intuition about the issue you are trying to analyse. Where appropriate, support your explanations with relevant data. (For example, you can cite some appropriate statistics, and/or include and discuss charts, images, and tables in the main body of your text.)

Make sure to structure your arguments logically. To make your arguments easy to follow, you can use the following order: motivation (why is this topic important?), assumptions (where relevant), claims (what do you think about the issue?), evidence/analysis to support your claims, and conclusion. Maintaining a clear storyline from start to end will help the judges follow your line of reasoning. Keeping the overall argument in mind can help you organise your entry.

• Planning and writing your entry

Woodrow Wilson was once asked how long it took him to write a speech. He answered, ‘That depends. If I am to speak for 10 minutes, I need a week of preparation. If 15 minutes, 3 days. If half an hour, two days. If an hour, I am ready now .’

The message is clear. Since you have only 1000 words to convey your ideas to your audience, it really helps to spend as much time as possible honing and organizing your arguments. Start early and take advantage of all the available time.

Present your arguments clearly. Choosing your words carefully is important for clear communication. For example, if you use economic terminology or refer to economic concepts, make sure you are using them in the correct context. Since your readers may not have studied economics, economic terminology should be avoided where possible and any used should be defined.

Stay within the word limit by writing concisely, using the least number of words necessary to communicate your ideas. Before submitting your entry, make sure to check your work for typos, grammatical errors, and logical fallacies.

• Additional tips

Remember, help from your peers, parents, teachers in preparing your entry must be purely nominal (limited to proofreading). Trust your instincts and take ownership of your thoughts.

Avoid using emotive and informal words such as ‘massive’, ‘chaos’, ‘crashed’, ‘tanked’, or ‘awesome’. As much as possible, avoid using less-reliable non-academic sources, such as Wikipedia or Investopedia, as references.

You can read the winning entries from recent years on the RES website at https://www.res.org.uk/education/young-economist-of-the-year.html , but bear in mind that the maximum length was reduced to 1,000 words last year. Also, the competition in previous years was of a more strict essay format than this year, with less encouragement for presenting original arguments.

• Final advice

Economics is a very exciting discipline that supports the wellbeing of every walk of life. It is a field that involves critical thinking and deep research focusing on the wellbeing of society. Regardless of the competition outcome, the experience of producing an entry that addresses these social issues will be your purest takeaway from this journey.

Evaluation Criteria

Your submission will be judged on the originality of your ideas and perspectives on economic issues, clarity of communication, strength and organization of your arguments, and soundness of the evidence you use (such as others’ views, or data and numbers). Make sure that your writing has a clear structure and consistent format; and that your arguments are convincing, by using supporting sources that are referenced and can be checked.

Data Protection Statement

Any personal data which may be submitted in an entry will be processed by RES in accordance with any applicable data protection legislation, and RES Privacy Notice available at https://www.res.org.uk/resource-library-page/privacy-notice.html .

Declaration

Entrants agree that their entry is their own work, written solely for the purpose of the Competition, and warrant that their entry does not breach any applicable laws or regulations or infringe any third intellectual property or privacy rights, and is not in any way libellous, defamatory, obscene, indecent, harassing or threatening.

By entering the Competition, entrants agree to hold RES and FT harmless for liability, damages or claims for injury or loss to any person or property, relating to, directly or indirectly, participation in this Competition, or claims based on publicity rights, third party intellectual property rights, defamation or invasion of privacy.

RES Statement

The Royal Economic Society reserves the right to refuse entry or to refuse to award a prize to anyone in breach of any of the rules of the essay competition published at https://www.res.org.uk/education/young-economist-of-the-year.html .

These terms and conditions shall be governed by and construed in accordance with English law. Disputes arising in connection with this Competition shall be subject to the exclusive jurisdiction of the English courts.

The promoter is the Royal Economic Society, 2 Dean Trench St, Westminster, London, SW1P 3HE.

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2 Dean Trench St, Westminster, London, SW1P 3HE Telephone: +44 (0) 203 137 6301 Email: [email protected]

The Royal Economic Society is a Registered Charity no. 231508.

COPYRIGHT ©2024 ROYAL ECONOMIC SOCIETY.

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Equilibrium submissions are due on October 15!

Harker Oeconomia

Harvard international economics essay competition, description.

The 2023 Harvard International Economics Essay Contest is sponsored by the Harvard Undergraduate Economics Association (HUEA) in conjunction with the Harvard College Economics Review (HCER). This essay competition is open to high school students of any year and is a fantastic opportunity to demonstrate an accomplished level of writing and understanding of economic theory. Through the contest, student competitors hone their academic and professional skills and exhibit their knowledge to future employers and academic programs.  Competitors must construct a convincing argument using economic theory and real-world examples.  Winning essays will be published in the Harvard Economics Review and will be available for the greater Harvard community to read. Essays should focus on argumentation supported with facts and references, although data-based support is also welcome.

Student Essay Competition .

The dorian fisher memorial prize 2022.

• A short essay, of roughly 1,200 words, on one of the following questions:
• A 500-word answer to one of the following two questions:
• A 500-word answer to the following question.

The Monetary Policy Essay Prize 2021-22 By the Institute of Economic Affairs, the Institute of International Monetary Research, and the Vinson Centre

“Does inflation matter? And will the current inflation upturn be transitory or not?”

The IEA is an educational charity and free market think tank .

Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.

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Department of Economics

Economics student wins the iea’s monetary policy essay prize 2021.

We are very pleased to announce that Gustaf Dillner , final year student on the BSc Economics, Politics and International Studies degree (EPAIS) took the top prize in the Undergraduate Student category of the Monetary Policy Essay 2021 competition organised by the Institute of Economic Affairs (IEA) and the Institute of International Monetary Research (IIMR).

The 2021 essay competition was launched by the IEA and the IIMR in August 2020 with a question: ”Will the pandemic be inflationary or disinflationary?” The submissions were judged on their presentation, command of theory, the relevance of the question and persuasiveness of the argument.

Gustaf Dillner, our finalist on EPAIS took the first prize of £500, Max Marian (LSE) came second and Mihir Gupta (UCL) got the third place.

The ceremony took place virtually and we asked Gustaf to tell us more about his achievement. Here is what he told us:

What made you enter this competition?

During lockdown, I’ve had a lot of spare time to read about the effects of Covid on the economy and discussing it with friends. A friend of mine found out about the competition and suggested that it would be a perfect opportunity for me to write down my thoughts.

Describe briefly the content of your essay and the arguments you used.

My essay argued that inflation above targets is likely in the short- to medium-term in many Western countries. This is mostly due to very expansionary fiscal policy especially in the US as well as a commitment from central banks to continue with generous asset purchase programmes and keeping interest rates low. There are also other reasons including rising commodity prices, a gradual increase in the velocity of money as societies open up and cost-push inflation arising from fractured supply chains.

Tell us about the virtual prize ceremony you attended?

I was selected from around 150 students to the final with two other students. The session involved presenting the essay in front of a panel of economists from the Institute of Economic Affairs, the Vinson Centre and the Institute of International Monetary Research. The presentation was followed by questions from the panel on my essay and the topic more broadly. I was then very happy when the panel announced that I had won.

What was your prize and how are you going to spend it?

I was awarded £500, an internship at the Institute of Economic Affairs and a place at the summer school at the Institute of International Monetary Research. The prize money will of course be spent on something to hedge against inflation! Probably gold or value stocks.

What are the highlights of your degree course at Warwick?

In the summer after my first year, I volunteered with Warwick in Africa as a mathematics teacher in Soweto, a suburb to Johannesburg. It was a very memorable experience that I always will remember. It also sparked my interest in development economics, a field I’ve had the opportunity to study quite extensively at Warwick.

What is your favourite module?

I have really enjoyed Research in Applied Economics (RAE) this year. It’s been very rewarding to have been able to use and showcase the economic and statistical knowledge gained during my time at Warwick by working on a larger project. It’s also been a good way to spend one’s time during the lockdown.

What are you planning to do after graduation?

I want to keep studying economics at postgraduate level and possibly pursue a PhD in the subject. Ideally, I will stay in the UK next semester if I meet my conditions.

What are your career plans?

Warwick has really sparked my interest in social science research and I would be very keen to continue in academia at least for a while. Apart from that I also have a strong interest in monetary policy and would be interested in a career in central banking.

Related links:

The Institute of International Monetary Research

The Institute of Economic Affairs

For other their events and conferences see IEA Forthcoming Events page

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FT Schools competition: Young Economist of the Year

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This article is part of the Financial Times free schools access programme. Details/registration  here .

School students across the UK in years 12 and 13 are invited to enter the Young Economist of the Year competition run by the Royal Economic Society in association with the Financial Times.

Applicants — who need not be studying economics — have until July 10 to write up to 1,000 words on one of the five questions picked for this year.

The winning article will be published in the Financial Times and on the RES website and the author will receive £1,000, with £200 for each of the runners up.

Entries will be judged on originality, quality of writing, economic content and quality of the economic argument. They should answer a question on one of the following topics, described in detail on the competition website along with further guidance:

Regional inequality and “levelling up”

The UK’s “cost of living crisis”

The value of a university degree

Cryptocurrency and financial stability

The competition is part of the  FT’s schools programme , which provides free access to the FT for students aged 16-19, their teachers and schools around the world.

Supporting ideas and data for entrants can be found in the FT. Full details and information on submission are available on the  RES competition website .

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