FAQs

What are the deadlines for the three rounds of the competition?

The timeline for the 2017-18 competition is as follows.

The first round, an online quiz, will run from 4 October until 17 November 2017. The best teams will be invited to the next stage of the competition.

The second round, an assignment, will take place between 30 November 2017 and 9 February 2018 (deadline for submission).

The final round, an online presentation by the finalists, will take place in March 2018.

An award ceremony for all winners will take place at the European Central Bank on 10 and 11 April 2018.

Please keep in mind that the timetable could change.

 

How do we register?

It’s simple. Just fill in this form. Registration opens on 4 October 2017.

 

How many members can we have on our team?

Up to five team members, plus a teacher to guide you.

 

Is there a fee to enter?

There is no fee. Participation is free of charge.

 

What age limits apply?

We recommend that students are between 16 and 19. However, this is not a strict rule. The age of participating students may vary slightly from country to country, depending on the national education system.

 

What happens if we want to participate but our teacher doesn’t?

A teacher is required if a team wants to enter. So, unfortunately, without a teacher’s support you won’t be able to enter.

 

How can we prepare for the quiz round?

Start by practising using the trial quiz. You can take as many trial runs as you need. You can find the trial quiz here.

 

How will we know if we’ve made it through to the next round?

If you are successful, an email will be sent to your team after the quiz round inviting you to participate in the assignment round (second round).

 

How can we reach the assignment round?

At least 20 teams will go through to the second round (the assignment round), based on the highest scores and the fastest completion times in the first round (the quiz round).

The teams invited to the next round will include at least one team per country participating in the Generation €uro Students’ Award. They will be contacted by email and invited to register for the next round.

 

What do we have to do in the assignment round (second round)?

You will have to prepare an assignment, explaining your ideas on monetary policy. It can take many different forms, so get creative. We are looking for strong narratives and visuals. You should not copy from other sources: originality will be rewarded. If you choose to submit a PowerPoint presentation, it must not be more than 30 slides. More details will be published on this website before the assignment round begins.

An ECB jury will choose the five best assignments. The five finalist teams will be invited to present their proposals online in front of a jury of ECB experts.

 

Do the assignment and online presentation have to be presented in a particular language?

If you are entering the European Central Bank competition (for international and European schools, and national schools abroad), the language for the assignment and online presentation is English. The language for the competitions organised by national central banks is the relevant national language(s).

 

Can we ask other classmates to help with the assignment?

This is up to the teacher(s) in charge. A lively discussion with your classmates about setting interest rates can be interesting for your fellow students and help to inform your project.

 

What is the required format for the online presentation?

The online presentations by the finalists should be submitted in a format that is suitable for an online presentation via a web platform. Please keep your presentations to a maximum of 20 minutes. Remember that all team members (except the teacher) should be equally involved.

 

What is the purpose of the question and answer session following the presentation?

The question and answer part of the presentation is as important as the actual presentation itself. The jury will test teams’ understanding and knowledge of monetary policy. Teams may also be asked about current events affecting the economy.

 

Who will assess the assignment and online presentations?

The assignment and online presentations will be assessed by a jury, made up of staff from the ECB.

 

Will the jury know the name of our school when judging the assignment?

No. The assignments will be anonymised.

 

Will the jury know the name of our school when judging the online presentation?

Yes, the jury will know your names and the name of your school when your team gives its presentation, but that will not affect their evaluation. Every team will be assessed under the same criteria.

 

How will the assignment be assessed?

The jury will be looking for a clear understanding of monetary policy, and will assess whether your team is familiar with the concepts and ideas around monetary policy. You will also be assessed on your use of expressions and terms related to monetary policy. The jury is also keen to see creative projects, informed by your own research. Keep in mind that your assignment may be penalised if you use a PowerPoint presentation that exceeds 30 slides. However, you can also decide to use other formats. Creativity will be rewarded.

 

What are the criteria for selecting the winner of the online presentation round?

Your team will be judged on:

  • familiarity with, and accurate use of, expressions and terms related to monetary policy, the structure of your presentation and the creativity with which it is delivered;
  • oral presentation skills;
  • the level of participation among team members.

 

When and where will the online presentations take place?

The online presentations will take place in March 2018 (exact date to be confirmed). Your team can choose a venue that is convenient for you. More information on technical requirements will be provided closer to the start of the online presentation round.

 

What is the European award event?

All winning teams (the winners of the competitions organised by the national central banks and the winning team from the European Central Bank’s competition) will be invited to the European Central Bank in Frankfurt, Germany, for an award event that will include a ceremony with President Draghi and the national central bank governors. There will also be panel debates on topical matters and a sightseeing programme.

 

What happens to my personal information?

Competitors’ personal information will be handled in accordance with the privacy statement.

 

If, for some reason, our team has to withdraw from the competition, what do we do?

During the quiz and assignment round you can withdraw at any time without taking any action. However, once your team has been selected as a finalist and invited to the online presentation round and you have accepted this invitation, your team leader should inform the contact person at the ECB as soon as possible. The European Central Bank may then decide to invite another team to take part in the final round.

 

We have a question that is not answered here. Where can we find help?

Please get in touch with your contact person at the ECB.

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