Young Economist of the Year 2022 competition
2022年度青年经济学家写作竞赛The Young Economist of the Year Essay Competition是由Royal Economic Society皇家经济学会与Financial Times《金融时报》联合举办的经济写作比赛，该竞赛主要面向高中生。Royal Economic Society的目的是促进经济学的研究，在全球拥有4000多名成员，是世界上最古老的经济协会之一。1890年成立为英国经济协会， 在1902年获得《皇家宪章》之后，更名为皇家经济学会。参加青年经济学家写作竞赛的学生不必是RES成员，无需学习经济学即可报名，该竞赛旨在扩大经济学对潜在学生的吸引力，改变他们对经济学和经济学家的认识。
1. Regional inequality and “levelling up”
The UK government’s “levelling up” programme aims to “spread opportunity more equally across the UK”. For one region of your choice, suggest how this “levelling up” could be carried out in practice.
Note: “Region” is broadly defined – it can be your local neighbourhood, a town/city, or a county. You can discuss any specific regional aspect(s) or economic issues that you think are interesting and are not limited to discussing economic policies.
2. The UK’s “cost of living crisis”
The UK inflation rate (measured by the Consumer Price Index) is the highest it has been in 30 years, prompting concerns that it will cause a “cost of living crisis”. Which types of individuals or families/households are most affected by the current inflation situation and why?
Note: You can discuss any aspect(s) of this topic that you think are interesting, including (but not limited to) the way that the Consumer Price Index is constructed, the price increases of specific goods and services and the difference in magnitudes of price increases, the effects of inflation in the region where you live, and the potential impact of current events (social, political, economic) on the inflation rate.
3. The value of a university degree
The UK Department for Education is concerned about “poor value degrees”, which are defined as programs where “students aren’t earning enough five years after graduating to repay student loans.”
Which university degrees do you think will be considered “high value” in 5-10 years’ time, and why?
Note: You can discuss any aspect(s) of this topic that you think are interesting, including (but not limited to) potential changes in demand for certain jobs or skills, changes in the quality of jobs or types of employment status, and the way that the government measures the “value” of a degree.
4. Cryptocurrency and financial stability
Cryptocurrencies are a digital means of exchange that are not regulated or backed by any legal authority, such as a central bank or government. What challenges do cryptocurrencies such as Bitcoin pose for the Bank of England, whose role is to regulate the UK’s financial sector and keep the macroeconomy stable?
Note: “Challenges” are broadly defined – aside from the economic implications of cryptocurrency you can also consider social, political, informational or other implications, and consider the perspectives of other stakeholders affected by the Bank of England’s decisions, such as cryptocurrency investors and the general public.