Are you interested in how the economy works? Would you like to be in with a chance to win a European prize that could help you to stand out from the crowd when applying to universities, or for internships?
We are inviting you to take part in a European Central Bank competition. You will be asked to decide what monetary policy decisions the Governing Council should take, given the state of the euro area economy and the level of inflation. Monetary policy is the process central banks use to control the supply of money in the economy. It relies on different instruments to ensure stability, such as interest rates or financial asset purchases.
Teams of students from schools in participating euro area countries and international and European schools in the euro area are eligible to take part. The European Central Bank runs a competition for international schools, while the national central banks of the participating countries run corresponding national competitions.
Students who enter the competition are usually aged between 16 and 19, and in their final years of secondary education. You don’t need to be studying specific subjects to enter. Your team can include up to five students and one teacher. All team members must be from the same school, but more than one team per school can take part.
The winning teams (of both the ECB and the national central bank competitions) will be invited to an award ceremony with the ECB’s president and central bank governors at the ECB’s headquarters in Frankfurt on 10 and 11 April 2018. Flights and accommodation will be paid and each team will be accompanied by one teacher. During the two days there will be discussions with ECB experts, presentations and a sightseeing programme. Of course we will also invite you to lunch and dinner.
Even if you don’t win, taking part will be a valuable experience and could be helpful, e.g. when applying for internships. All finalists will receive a certificate.
The first round, an online quiz, will run from 4 October 2017 to 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. After that, there will be a presentation, followed by a question and answer session. This will take place in March 2017.
Please keep in mind that the timetable could change.
For more on the competition, its terms and conditions and FAQs, see www.generationeuro.eu.
It’s simple. First you need to form a team (remember, up to five students and one teacher) and register here. Registration opens on 4 October 2017.
Once you’ve registered, you can get started. First, test your knowledge with the trial version of the online quiz and, when you feel ready, take the real online quiz. Remember that you can try the trial version of the quiz as often as you wish, but you can attempt the real quiz only once.
The best teams from the quiz round will qualify for the next round. They will be asked to submit an assignment. Get creative. Your team can use all sorts of tools to explain your ideas, including videos, plays, art, cartoons or animations. The choice is yours.
The teams with best assignments will then be invited to take part in the final round – a presentation to the jury, either online or in front of a group from your national central bank. There will be a question and answer session afterwards.
One winning team will be chosen by each participating national central bank, and the European Central Bank will pick one winner from the international competition. All of these winning teams will be invited to the award event in Frankfurt.
You can ask your teacher for help with the assignment and online presentation.
You will also find useful information in the Educational hub section of this website.
Helpful information is also available on the ECB’s website and on the website of your national central bank.
Each participating country has its own contact for this competition. Details are available on the country page of the competition website. The contacts for international and European schools are in the contact section of the ECB’s page.