Generation €uro Students' Award 2019/20

Generation Euro - Second Round Banner

Thanks to all of the teams across Ireland who have completed Round 1 of the Generation €uro Students' Award competition. Each team has been notified if they are through to Round 2. At the end of Round 2, three teams will be selected to present at the National Finals in the Central Bank of Ireland’s headquarters in Dublin.

Round 2

2,000 word analysis

Predict a forthcoming interest rate decision by the ECB Governing Council and explain your 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 before the deadline of 23 January 2020.

Resources to help complete Round 2

This year's competition schedule:

     
Round 1 Register and complete online quiz 3 October 2019 - 2 December 2019
Round 2 Submission of written economic analyses 13 December 2019 - 23 January 2020
Round 3 National Final at the Central Bank of Ireland 10 March 2020
  European Award Event at the European Central Bank 19,20 May 2020

How is the winning team chosen?

The final winners will be decided on the basis of the presentation round. Once all the presentations and question and answer sessions have taken place, the jury will retire to decide on the winning team, taking into account:

  • the rationale underlying the proposed interest rate decision
  • the accuracy of that decision
  • familiarity with, and accurate use of, expressions and terms related to monetary policy
  • the structure of the presentation
  • oral presentation skills
  • level of participation among team members
  • the method used to give the presentation

What are the prizes?

The winning team will receive a €500 voucher and will be presented with a trophy for their school. They will also be invited to a two-day event at the ECB in Frankfurt am Main (“European Award event”). Here they will have an opportunity to meet Christine Lagarde, the President of the ECB, and the governors of the national central banks.

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

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. The requisite information is available in the Lesson Plans available to download. Other relevant information can also be found on the websites of the European Central Bank, The Central Bank of Ireland and the national central banks.

Who do I contact for more information?

Please contact generationeuro@centralbank.ie for more information.

About Generation €uro

The Generation €uro Students' Award is Ireland's leading economics competition for Transition and 5th Year students.

It is run by the Central Bank of Ireland in conjunction with the European Central Bank (ECB) and is conducted simultaneously by other national central banks in the euro area. Every year we search for Ireland’s brightest young economists to enact the role of the European Central Bank’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.

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

The successful teams from the online quiz proceed to the second round where they are asked to analyse economic conditions and determine what they believe to be the appropriate interest rate for the euro area.

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

The winning team and teacher travel to the ECB in Frankfurt for an award ceremony where they meet the ECB President and the winning teams from across Europe.

Throughout the competition, the Central Bank of Ireland is on-hand to help both teachers and students at generationeuro@centralbank.ie.

If you have any questions about the competition or any of the stages, please get in touch with us at: generationeuro@centralbank.ie or call us on (01) 224 4572.

(Please do not contact the Central Bank of Ireland or the ECB outside of the competition channels as to do so may risk disqualification.)

See also: