Economic Essay Competitions

IEA Essay Competition
The Dorian Fisher Memorial Prize

We are delighted to present this year’s competition for A- Level and IB students, with a prize of £500 for the entry judged best and £250 each for the three runners up. There is also a prize of £500 for the school with the highest number of entrants. The four top winners, along with the other best entries, will all be invited to a special one-day event at the IEA in the Autumn term, at which they will be given a certificate and the award. The competition is open to students studying International Baccalaureate or A Level and equivalent at institutions outside the UK. Entries from the UK should be submitted by post to Dr S. Davies, Head of Education, Institute of Economic Affairs, 2 Lord North Street, London SW1P 3LB. Entries from outside the UK may be submitted by email. The final deadline for this year’s competition is Friday 27th July. The prize for this competition is named after Dorian Fisher, the wife of Sir Anthony Fisher, founder of the IEA, who was a longtime supporter of the Institute and its work.

An entry to the competition should contain the following three pieces of work.

1. A short essay, of roughly 1,200 words, on one of the following questions:

(a) Is economic calculation only possible when productive assets are privately owned, and traded? If so why is this, if not why not?

(b) How might we use market mechanisms to mitigate or resolve environmental problems?

(c) Is an increase in the proportion of the adult population in paid employment always a good thing and if so why?

2. A 500 word answer to one of the following three questions:

(a) What part do the concepts of knowledge and ignorance play in economic thinking?

(b) Are there inherent problems with the idea of market failure?

(c) What is the difference between risk and uncertainty and why does this matter in economics?

3. A 500 word answer to the following question.

Identify an area of economics that you think should be given more attention in the A- Level or IB syllabus and say why this is so.

Anyone wishing to enter the competition should feel free to contact the IEA for guidance about selected reading by sending an email to [email protected]. The email should have “essay competition” in the subject line.

Students at higher education institutions worldwide who are studying full time can earn cash prizes for their writing skills, but deadlines are looming.

The International Economic Association (IEA) is holding its first Stiglitz Essay Prize (SEP) in honor of Joseph E. Stiglitz, its past association President. The topic must cover one of two broad themes:
  • The causes and policy consequences of growing inequality
  • A rethinking of macro-economics and proposals for new approaches that speak to the weaknesses in modelling revealed by the 2008 global crisis

The short-listed essays will go to the following judges: Joseph E. Stiglitz (Columbia University and IEA past President), Timothy Besley (London School of Economics and IEA President) and Kaushik Basu (World Bank Senior Vice President and IEA President Elect).

The winner of the prize will win US$1,000, and the runner(s)-up will receive US$500. The winning essay and runner(s) up will also be published on the IEA website.

The deadline for submissions is Sept 1, 2015. More information on the competition can be found here.

Georgetown University is holding its Global Futures Contest – The End of World Povertycompetition.  Contributors should submit a response to the questions below in the form of a 750-1,000 word essay, 2-3 minute video, or piece of artwork and accompanying commentary.

Imagine it is the year 2030 and we have successfully achieved the World Bank’s goal of eradicating extreme poverty. How did we manage to achieve this? What was a key obstacle we overcame along the way?

Entries will be judged by a panel of Georgetown faculty and students and will be based on creativity and originality of the ideas presented, clarity and organization of the message, and the author’s demonstrated grasp of challenges and potential solutions around poverty reduction.

Three top awards of US$1,000, US$750, and US$500 will be announced on Earth Day, April 22, 2015.

The deadline for submissions is Apr 14, 2015. More information on the competition can be found here.

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