FAQs

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

The timeline* for the 2019-20 competition is as follows:

  • Round 1 - online quiz: 3 October to 1 December 2019
  • Round 2 - analysis: 13 December 2019 to 23 January 2020
  • Round 3 - presentation: 10 March 2020
  • European award event at the ECB: 19/20 May2020

*The timeline is subject to change

How do I register for the competition?

Fill in this form.

What it happens if I want to participate but my teacher does not?

Unfortunately you will be unable to enter, as the participation of a teacher is a prerequisite for the competition.

Where can we find more information on how to approach the tasks?

This website should provide most of the information you need, but you may also find useful information on the website of the ECB.

What is the pass rate for the quiz?

Teams with a score of 95% or higher in the quiz will automatically go into Round 2. Teams with a score close to 95% might be invited to register for Round 2. If there are fewer qualifying teams than the minimum number of 20, those with the next best scores will also be invited to take part.

How can we rehearse the quiz?

It is recommended to rehearse various times the trial quiz prior to registering for the competition and taking the real quiz. The trial quiz can be found on this website: 1) by clicking on "Quiz" or "Try the quiz" if the competition is running; or 2) by clicking on “Take the Trial version of the quiz” if the competition is over.
The trial quiz can be always taken regardless of whether Round 1 and/or the competition is still ongoing.

How will I know if I have passed the quiz?

An e-mail will be sent to the team after the quiz round inviting it to participate in the second round.

Can you please explain the students’ task in Round 2 and 3?

Students will have to prepare in writing (Round 2) and orally (Round 3) an economic and monetary analysis and attempting to anticipate whether the Governing Council of the ECB will decide to lower or raise interest rate for the euro area, or keep it the same. A briefing note will be published on this website prior to the start of the analysis and presentation rounds.

Can we ask other classmates to help us with the analysis and presentation?

This is up to the teacher(s) in charge. Of course, a lively discussion with other classmates about setting interest rate and the reasons for their decision will always be interesting.

What is the required format for the analysis?

Teams are required to write an analysis in which they clearly state their interest rate decision and the reasons behind it.

Please note that teams are free to decide on the format of the analysis themselves, i.e. it is up to them how they choose to present their arguments. Originality will be rewarded and copying and pasting should be avoided.

Analyses must be no more than 2,000 words in length (and may also include charts and tables). Please use Arial 12 pt, line spacing of 1.5 lines and paragraph spacing of 1.5 lines. 

What is the required format of the presentation?

Teams are free to select the format of their presentations themselves, but are encouraged to present the interest rate decision and the reasons behind it in line with the structure of the introductory statement to the press conferences at which the ECB’s President explains the Governing Council’s monetary policy decision.

Presentations must not exceed 20 minutes in length and 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 and assess how they justify their interest rate decision. Teams may also be asked about current events that may be having an effect on the economy.

Who will assess the analyses?

The analyses will be assessed by a jury mainly composed of staff from the Central Bank of Ireland.

Who will assess the presentations?

The presentations will be assessed by a jury mainly composed of staff from the Central Bank of Ireland.

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

No. The jury will only assess the analysis on the basis of the evaluation criteria here below.

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

Yes, the jury members will know your names and the name of your school when your team gives its presentation. However, the jury will base its judgement solely on the evaluation criteria here below.

What will be the criteria for assessing the analysis?

The evaluation criteria will be:

  • the rationale underlying the proposed interest rate decision
  • the accuracy of that decision
  • familiarity with, and accurate use of, expressions and terms related to monetary policy
  • the students' creativity and own research.

The analysis may be marked down if it exceeds the 2,000-word target.

What will be the criteria for selecting the winner(s) in the presentation round?

The evaluation criteria will be:

  • the rationale underlying the proposed interest rate decision
  • the accuracy of that decision
  • familiarity with, and accurate use of, expressions and terms related to monetary policy
  • the structure of the presentation
  • oral presentation skills
  • the level of participation among team members
  • the method used to give the presentation.

Where will the presentation round take place?

It will take place at the headquarters of the Central Bank of Ireland at North Wall Quay in Dublin.

Do we have to bring our own equipment for the presentation (computer, projector, etc.)?

No. All you need to bring is the presentation itself, saved on a device, such as a USB stick or a CD-ROM. Ask the contact person at the Central Bank of Ireland for more information. 

Will we get our analysis back with corrections or any feedback?

No, the analysis will be kept by the Central Bank of Ireland.

What is the European award event?

All winning teams (both the teams that participated in the competition organised by the national central banks and the winning team that participated in the ECB’s competition) will be invited to the ECB in Frankfurt am Main, Germany, for a two-day event, where they will receive certificates from the ECB’s President.

What happens to my personal information?

Personal data such as your name, the name of your school and your e-mail address are used only for the purpose of organising the competition. During the analysis round, the data will not be revealed to the jury. 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 analysis round you can withdraw at any time without needing to take any action. However, once your team has been invited to the presentation round and you have accepted this invitation, your team leader should inform the contact at the Central Bank of Ireland as soon as possible. The ECB may then decide to invite another team to take part in the final round.

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

Please get in touch with your contact at the Central Bank of Ireland.

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