Updated: 09/10/17 : 06:59:52
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Sligo Students encouraged to enter Generation €uro Students' Award

Students and teachers in Sligo are encouraged to get involved in the Generation €uro Students’ Award as the Central Bank of Ireland launches its annual search for Ireland’s brightest young economists.

The competition asks transition and fifth year students to simulate the role of the European Central Bank’s Governing Council in determining the appropriate monetary policy decision for the euro area. 

Last  year the team from Summerhill College in Sligo beat off tough competition from schools across the country to represent Ireland during the ECB visit.

Teams can consist of three to five students, with a nominated teacher acting as mentor.

Participants are tested over three different rounds. The first round, consisting of an online quiz on the role of the ECB and the Eurosystem, launched on Friday last.

Successful teams will go through to the second round, where they will be asked to analyse economic conditions and decide on an appropriate interest rate for the euro area. Three finalists will be chosen to attend the National Finals in March 2018, where they will present their findings to a panel of senior economists at the Central Bank.  

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

Central Bank Governor Philip Lane said “The Generation €uro Students’ Award is a great opportunity for students to examine the work performed by the European Central Bank, the Eurosystem and each of the national central banks in contributing to monetary policy decisions and price stability. Taking part gives students the chance to develop valuable life skills including economic reasoning, critical analysis, teamwork and public speaking.”

To register for the competition, teams should visit www.generationeuro.ie  The closing date for registration and for completing the first round quiz is the 1 December 2017.

Key dates:

Round 1: Online Quiz: 4 October 2017 - 1 December 2017
Round 2: Written analysis: 13 December 2017 - 23 January 2018
Round 3: National Final at the Central Bank of Ireland: 9 March 2018
Round 4: European Award Event at the ECB: 10-11 April 2018