Generation €uro Students' Award 2020/2021

Generation Euro Students Award

About Generation €uro

Every year, Central Bank of Ireland runs the Generation €uro Students’ Award, a national competition for Transition Year and 5th Year students, which promotes awareness of monetary policy and macroeconomics.

It is run with the European Central Bank (ECB) and other national central banks in the euro area host the competition in their countries. We are searching for Ireland’s brightest young economists to play the role of the ECB's Governing Council, perform their own analysis of the economy and set what they believe is an appropriate interest rate for the euro area.

Students enter the competition in teams of three to five, with a nominated teacher acting as mentor.

Teams are tested over three different rounds - a quiz, a written analysis and a presentation.

The successful teams from the online quiz move to the second round where they will be asked to analyse economic conditions and determine an appropriate interest rate for the euro area.

Three finalists are then chosen to attend the National Final, where they will present their findings to a panel of senior economists from the Central Bank.

Throughout the competition, we are on-hand to help both teachers and students at generationeuro@centralbank.ie.

Round 1 - Online Quiz

The online quiz is available on the Generation Euro Website. You may take as many trial runs of the quiz as you wish, but you can only submit one official entry for the competition, so make sure you do a few practice runs first.
The top 20 teams will progress to Round 2.

Round 2 - 2,000 Word Analysis

In round 2, teams submit a 2,000 word analysis setting out their prediction of a forthcoming interest rate decision by the ECB Governing Council. The analysis should explain your team's decision based on your own assessment of the key economic indicators available, economic and monetary conditions in the euro area and the inflation outlook.

Assessment criteria

Essays will be marked on the rationale for the chosen interest rate decision, evidence of independent research, correct use of economic terms and structure and presentation of materials (including graphs/other imagery).

Submitting your assignment

Teams selected for Round 2 should email their final assignments to generationeuro@centralbank.ie by 9 April 2021.

Resources to help complete Round 2

Round 3 - Final Presentation

Three finalists will be chosen from Round 2 to go forward to the final Round 3. The teams will make a presentation to the Generation €uro judging panel followed by questions and answers. The judging panel will then decide on the winning team, taking into account the:

  • Rationale underlying the proposed interest rate decision
  • Accuracy of that decision
  • Familiarity with, and accurate use of, expressions and terms related to monetary policy
  • Structure of the presentation
  • Oral presentation skills
  • Level of participation among team members
  • Method used to give the presentation

This year's competition schedule:

     Schedule
Round 1 Register and complete online quiz 10 December 2020 - 19 February 2021
Round 2 Submission of written economic analyses 20 February - 9 April 2021
Round 3 National Final at the Central Bank of Ireland 5 May 2021

How do I find out about monetary policy?

In order to write the analysis and prepare the presentation, you need to work closely with your teacher. You can find the necessary information in the Lesson Plans. Other relevant information can also be found on our website and the websites of the European Central Bank and the national central banks.

What are the prizes?

The winning team will receive a €500 voucher and will be presented with a trophy for their school.

The two runner-up teams will both receive a €250 voucher.

How do I enter the competition?

If you have a team of between three and five students visit www.generationeuro.eu to enter the competition. 

Who do I contact for more information?

If you have any questions about the competition or any of the stages, please get in touch with us at: generationeuro@centralbank.ie.

See also: