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Tutor2u Res Essay

Young Economists

The Royal Economic Society organises a number of activities aimed wholly or largely at young economists, i.e., students in the latter stages of their secondary education as part of the Society's aim to promote the study of economics..

The RES Annual Public Lecture, first established in 2001, aims to bring the best communicators in the economics profession into contact with a wide public and to show the importance of top-quality economic research. Aimed principally at sixth form students of Economics but of interest to all, the Annual Public Lectures have become an established part of the senior school calendar.

View the RES Public Lectures here.
View on RES Youtube channel

View research from RES Annual Conference. Don't copy your classmates!  If you rely too much on your classmates, you all suffer. Based on prize-winning research by Giacomo De Giorgi and Michele Pellizzari in The Economic Journal.

The Society launched their Young Economist of the Year essay competition in 2007. This prestigious essay writing competition invites students currently studying for A Levels and the International Baccalaureate to write on a major topic of current concern. The winner of the Young Economist of the Year receives £1,000, with runners-up each receiving £500. Results are announced in August each year and prizes presented at the RES Annual Public Lecture.  Our partners in this competition are tutor2u, the UK's leading online educational publisher supporting over 30 million student and teacher visits every year in their featured subjects. They have a great economics blog and ideas for supporting economics teaching - View tutor2u Economics here.

The Society also support financially and works alongside the Economics Network, which provides a wealth of resources for young economists, including the ‘Why Study Economics?’ webpage.
The Economic Review is a magazine now published by the EN and the University of Southampton, designed for A-level Economics students, intended to present a topical and lively coverage of economic policy and issues, expressed in language that will be understood by students with relatively little existing knowledge of economics or its jargon. Read more.

Resources


'Beyond the Bike 2015-2016: The Next Revolution'

The RES is supporting an unusual economics educational project to provide teaching economics resources through the 'Beyond the Bike 2015 The Next Revolution'  project.  UK teacher Stuart Block, former economist in the City is cycling to China on a tandem following ancient and new ‘silk roads’ with his girlfriend and fellow teacher, Claire Le Hur. Keeping the back seat of the tandem free for those they meet en route, Claire will be riding a bamboo bike, built by an African social enterprise.   After a short European 'warm up' in September last year they started their journey in East Africa  following the journey of key natural resources used in smartphones, such as Copper and Gold, along their supply chains to resource- hungry Asia, in particular China.

Aiming to engage students with global issues and connect classrooms throughout the world.they are producing blogs, videos, skype lessons and other educational resources through our Young Economist Essay partners tutor2u,  examining themes that have helped shape economic development over the centuries, including trade, technology and education.

Here's the blog and latest economics teaching resources.

Further Career and Employment Advice

The Resources section of this website may provide further assistance to young economists and you may find the following websites of general interest (although the RES does not subscribe or support any of these). If you find others, let us know at resoffice@res.org.uk :

What is Economics? (Information published for schools by the UK Economic Social Science Research Council)
Tutor2U.net - economics blog from RES partners in the Young Economist essay competition
The Economist Magazine – Editor’s Highlights. Useful podcast if you don’t have time to read the Economist. Key sections of the weekly audio edition are read to you
Planet Money - entertaining podcasts making sense of complicated concepts in economics
Economic Policy Debate –  a US based place for online debates regarding current controversial ideas
EconStories – EconStories is 'a new media channel dedicated to improving economic and financial literacy for people of all ages through open, honest and engaging storytelling'. EconPop is its Youtube series engaging with economics issues within popular movies.
Fear the Boom and Bust -  an EconStories rap video showing the different economic philosophies of Keynes and Hayek; there are others in the series
Tim Woods.org The 99 Best Economics Resources - a wide ranging resources blog from a teaching professional in Economics, Business and Theory of Knowledge
Essentials of Economics – Online resources relating to the textbook “Essentials of Economics”

Essay Competition

In the Spring term of each year, any school students studying UK GCSE, A level, SQC Intermediate 2/Highers or International Baccalaureate (IB) courses are invited to write a unique essay of between 1,000 to 2,500 words, on a subject set by the President of the Royal Economic Society, calling on key elements of their studies, examples from the world around them and imaginative discussion. Applications for each year's essay topics  are managed online through our partners tutor2u,  the UK's leading online educational publisher who provide advice and resources to assist students. (View Tutor2U's blog and video on referencing)

RES Young Economist of the Year 2017 is now closed.

Congratulations to our 2017 Joint Winners:

Louise Averill(King Edward VI School, Stratford-upon-Avon) - Read Essay
Matthew Thorne (King's College Taunton) - Read Essay

For the Judges Report - Click Here

For a list of Finalists and Highly Commended Entries - Click Here

Due to the large number of entries we regret that no feedback can be provided for individual essays.


Students had to choose from the following essay topics:

1. A recent UK tribunal case has found that Uber drivers are not self-employed and so should be paid the minimum wage and holiday pay. Is this to the advantage of actual and potential drivers or not?

2. Some politicians have proposed a maximum wage to lessen inequality. From an economics perspective, do you think it is good idea?

3. “Governments should raise the public science budget, to boost flagging UK productivity growth”. Do you agree? Explain your answer.

4. “Having more grammar schools would help raise education levels and opportunities”. Do you agree? Explain your answer.

5. “If you don't look after your health, you can't expect free access to healthcare”. Is this wrong? What are the economic arguments?

6. A report (Hendryreview.wordpress.com) has recently concluded that it's worth investing in tidal lagoon systems even though the energy produced is expensive. What are the key judgements and assumptions which lead to this conclusion and how would you challenge them?

You will find more resources and details on these topics at tutor2U.net

Prizes

The winner of the Young Economist of the Year receives an award and wins £1,000, with runners-up each receiving £500. All those on the final shortlist or highly commended lists will receive a certificate from our partners in the competition, the online educational resource publisher tutor2U.net. 

Who is judging the competition?

Tutor2u arranges a panel of over 20 Economics teacher judges from across the UK, who 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 which are then passed to the Royal Economic Society for the final judging. The RES judging panel in 2017 will be made up of: Andrew Chesher (President, RES), Jonathan Haskel (Imperial College London), Bridget Rosewell (Volterra Partners) and Alvin Birdi (Economics Network and University of Bristol).

The deadline for submitting essays was Sunday, 9th July 2017 at 2359 hours (GMT).

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Previous Years’ Essay Titles and Competition Winners

From this page, you can link to the Essay titles and Competition  winners and runners-up, their essays and the judges' reports from previous years:

RES Young Economist of the Year 2016 - Sherwood Lam. 2016 Winning Essays & Judges Report

RES Young Economist of the Year 2015 - Lok Yin Cheng. 2015 Winning Essays & Judges Report

RES Young Economist of the Year 2014 - Kartik Vira. 2014 Winning Essays & Judges Report

RES Young Economist of the Year 2013 - Ellie Heatherill. 2013 Winning Essays & Judges Report

RES Young Economist of the Year 2012 - Calum You. 2012 Winning Essays & Judges Report

RES Young Economist of the Year 2011 - Mayank Banarjee. 2011 Winning Essays & Judges Report

RES Young Economist of the Year 2010 - Jessica Hawley. 2010 Winning Essays & Judges Report

RES Young Economist of the Year 2009 - Tiffany Young. 2009 Winning Essay and Judges Report

RES Young Economist of the Year 2008 - Lizzy Burden & Promit Anwar. 2008 Winning Essays & Judges Report

RES Young Economist of the Year 2007 - Zoe Hart. 2007 Judges Report

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