Successful teams from first round of Generation €uro Students’ Award announced

07 December 2017 Press Release

ECB Building

Highest number of entries since the competition began in 2011
Over 350 students from 87 teams entered
Successful teams will now compete in the essay round

The Central Bank of Ireland has announced the teams that have successfully progressed to Round 2 of the Generation €uro Students’ Award. The competition, run by the Central Bank in association with the European Central Bank, challenges Transition Year and 5th Year students across Ireland to learn about monetary policy.

Now in its 7th year, the competition received a record number of entries, with 87 teams, consisting of 352 students, partaking in the first round quiz.

The following schools will participate in Round 2

Athlone Community College, Westmeath
Colaiste Muire, Clare
Dundalk Grammar School, Louth
Gonzaga College, Dublin
John Scottus Secondary School, Dublin
Kilkenny College, Kilkenny
Loreto Secondary School, Donegal
Newbridge College, Kildare
Salerno Secondary School, Galway
Schull Community College, Cork
Scoil Mhuire Community School, Clane, Kildare
St. Brendan’s College, Kerry
St. Wolstan’s Community School, Kildare
St. Muredach's College, Mayo
St. Andrew's College, Dublin
Summerhill College, Sligo
Ursuline College, Sligo

Teams will now compete in an essay round in which they explain the factors that affect price stability and the role of monetary policy measures; determine an appropriate interest rate for the ECB’s main refinancing operations, and assess economic conditions in the euro area on the basis of data available to the Governing Council of the ECB.

The deadline for submitting completed essays is 23 January 2018 and the top three teams will compete at the National Final next March.

Notes:

The Generation €uro Students’ Award is a euro area-wide initiative organised by the European Central Bank and participating national central banks across the euro area, including the Central Bank of Ireland.

The competition calls on transition year and fifth year students to simulate the role of the European Central Bank’s Governing Council in determining the appropriate monetary policy decision for the euro area.

The competition consists of three rounds including an online quiz, a group assignment and a presentation by three finalist teams to a panel of senior economists at the Central Bank of Ireland.

The winning team and teacher represent Ireland at the ECB’s awards event in Frankfurt in April 2017 where they will meet ECB President Mario Draghi and the other winning teams from across Europe.

Additional information and resources for both students and teachers are available on the competition website www.generationeuro.ie and on the Central Bank website.