Benildus College Win Generation €uro 2021/22

Budding young economists Joshua Finnegan, Senan Walls and Gagik Avetisyan from Benildus College who scooped the top award at the final of the Generation €uro Students’ Awards run by the Central Bank of Ireland.

Benildus College, Stillorgan in Dublin were crowned National Winners in the Generation €uro 2021/22 schools competition final which was held virtually 29 March 2022.

Benildus edged out Our Lady’s College Louth and Coláiste Iognáid Galway, who came runners- up in an impressive and high quality final.

As part of the final round challenge, the teams presented their assessment of the economic outlook for the euro area to a panel of experts.

Each team’s presentation was based on their own independent research after which they fielded a series of testing questions from the panel. 

After a lengthy deliberation by the judges, Benildus College were crowned champions with Our Lady’s College and Coláiste Iognáid coming joint runners-up.

Now in its ninth year, Generation €uro, run by the Central Bank of Ireland in association with the European Central Bank (ECB), challenges Transition Year and 5th Year students to design monetary policy.

Economic students Joshua Finnegan, Senan Walls and Gagik Avetisyan from Benildus College, and their teacher Eoghan Coffey, will now represent Ireland at the ECB where they will meet President Christine Lagarde and the other winning teams from across Europe.

Deputy Governor Sharon Donnery praised the budding economists for participating in the final, saying: “The Central Bank is committed to encouraging the economists of the future, and the students demonstrate there is a strong pipeline of young people interested in economics who may choose to forge careers in this area.

“I congratulate all three teams for their perseverance in working together and reaching the final. The students showed a great understanding of the principles of economics and monetary policy, and the work performed by the ECB, the Eurosystem, and the Central Bank.

She added: “Benildus College showed a great understanding of the principles of economics and monetary policy, the ECB’s mandate of price stability, and answered competently questions posed by senior economists, displaying in-depth knowledge of the topic.”

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 before a National Winner is announced.

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: [email protected].

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