Press release 1 November 2012
The Central Bank of Ireland today (1 November 2012) called on Transition Year (TY) students across Ireland to take part in the second year of the Generation €uro Students’ Award, a competition aimed at promoting an awareness of economics and monetary policy decision-making.
The Generation €uro Students’ Award challenges TY students to learn about monetary policy instruments, in particular interest rate decisions, and to simulate the role of the Governing Council of the European Central Bank (ECB) to determine the most appropriate interest rate for the euro area.
The competition consists of three rounds including an online quiz, a group assignment and a presentation by the finalists to a panel at the Central Bank of Ireland. The winning team will represent Ireland at a European Award Event which will take place at the ECB in Frankfurt in April 2013.
Governor of the Central Bank, Patrick Honohan said: ‘In its inaugural year, over 230 teams entered the competition and I would like to thank and congratulate all those who took up the challenge and represented their schools with exceptional diligence and skill. The Generation €uro Students’ Award is an excellent opportunity for students to learn about the ECB, the Eurosystem and the role each of the national central banks play to contribute to monetary policy decisions and financial stability for the euro area. We hope the competition will continue to encourage awareness in schools of the important functions performed by the Central Bank, the ECB and the Eurosystem as a whole, and I encourage all schools to take part.’
Students can enter the competition in teams of four or five and must nominate a teacher to act as mentor. To register and complete the first round of the competition, students should visit the competition website, www.generationeuro.ie, before the closing date of 30 November 2012.
Click here to download the teachers' guide