Here are details of the 2016 RES Economics Essay Competition.

The entry form for the 2016 Competition can be found here

The deadline is midnight (BST) on Sunday 3 July 2016

Competition Basics

School students are invited to choose one of the topics below to write an essay of up to 2,500 words, on one of the subjects set by the RES judging panel, calling on key elements of their A Level or International Baccalaureate courses, examples from the world around them and imaginative discussion.

The Prize for 2016

The first prize will once again be £1,000 together with an engraved trophy together with cash prizes for the other leading essays.

How do I submit my completed essay?

Essays should be submitted using the official online form

Who is judging the competition?

A panel of over 20 Economics teacher judges from across the UK meet over two days to read through all of the entries and put together a shortlist of essays for final judging and also a list of highly commended entries from the 2016 competition.

For the final shortlist, the RES judges are Sir Charles Bean (RES President, former deputy governor of the Bank of England), Stephanie Flanders ( award winning BBC journalist and Economics Editor, now J.P. Morgan Asset Management's chief market strategist for the UK and Europe) and Professor Jonathan Haskel (Imperial College and elected member of RES Council).

Referencing your essay

The standard of essays submitted each year has risen considerably. Please note that we expect that only essays that have been properly referenced will be considered for the final shortlist and the highly commended list. Referencing is an important skill and one that shows you have done some wider reading when researching your entry. We prefer students to use the Harvard Referencing System. There are several apps online that help you to reference work using this system.

Important notes for all student entries - please read carefully

All applicants are asked to note the following criteria:

  • The competition is open to all students who are currently studying GCSE, AS / A2 Level or IB Economics (or an equivalent course)
  • All essays must be submitted online using the official online entry form
  • The maximum word count for entries is 2,500 words
  • The word count includes footnotes
  • The word count excludes references and bibliography
  • Only one entry per student is permitted
  • No revisions to entries are permitted once submitted
  • Entries to the competition should be unique (i.e. not published elsewhere or submitted to other economics essay competitions.)
  • Entries must be submitted in either Microsoft Word (doc, docx) format or PDF format. No other formats are acceptable


Students should choose ONE of the following essay topics for 2016:

1. "Allowing more immigration of refugees would be good both for refugees and for the economies they come to." Discuss.

2. "Low interest rates penalise the thrifty, so the sooner the Bank of England raises interest rates the better." Discuss.

3. Should the government compensate households and businesses that get flooded out?

4. Further support is needed for first-time buyers in order to tackle the present unaffordability of housing. Do you agree?

5. Does rising inequality warrant the imposition of higher income and inheritance taxes on the rich?

6. Should internet companies like Uber and Airbnb be regulated?

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