Economics Essay Competition.
The Minds Underground™ Economics Essay Competition is aimed at students in Year 12 (though younger applicants are welcome). The competition provides students with an opportunity to engage in university-level research, hone their writing skills and draw links between economic concepts and real-world scenarios. Entrants must choose one question to answer.
Submission Deadline: 3rd April 2024.
2024 Economics Essay Competition Questions
01.
“Why did God create economists? To make weather forecasters look good.” What do you think of this joke? Is there any truth to it? Do you agree of disagree with its implications?
Hint: This question requires you to think about the wider implications of economics, to dwell on the subtleties / technicalities of economics as a discipline.
Try to deconstruct the question - how is weather forecasting similar or different to the work of economists? Both involve making predictions - is economics good at predicting things? If not, why not?
Think about methodology - how does an economist make predictions & has it changed over time? Are they now more or less accurate?
Bring in case studies (evidence is crucial to justify your argument) e.g. failure to predict the 2007-9 financial crisis.
02.
Can Brexit help the UK economy?
03.
Should governments tax unhealthy foods?
Are you in Year 11/12 & Thinking of Pursuing Economics at Degree Level/ Oxbridge?
We offer a range of exciting opportunities for students aspiring to a degree in Economics at a leading university:
Research Projects in exciting current fields with subject experts (great for personal statement content)
Economics Summer School for university/ Oxbridge applicants
Long-term Oxbridge Economics & related courses mentoring: Boosting knowledge beyond the curriculum, preparing for personal statement and interviews - visit our on-curriculum site, U2 Tuition for more information: https://www.u2tuition.com/university-applications
Interested in an Economics Competition Mentor? Looking for specialist support researching & writing? Our Oxbridge-educated masterminds are here to help! Sessions from £75/h + VAT. Enquire here
Past Questions
01.
What is the greatest economic challenge the world currently faces? – Explain why and how to solve it
02.
As you know, the coronavirus pandemic has caused a huge economic fallout here in the UK and across the globe. What do you think the Bank of England should have done in response to this?
03.
Is austerity ever necessary?
N.B. You may be interested in undertaking one of MU’s Economics masterclasses with our experts to give you ideas and help direct your research. Some examples are listed below!
