Year 12 pupils Orla and Mahi recently took part in the Great British Economics Olympiad, a national competition run by Rochester Independent College that challenges young economists to apply their knowledge to real-world problems.

The competition makes use of resources produced by Wendy Carlin of University College London (UCL) and her prestigious publication CORE Econ.

Through the online preliminary rounds and the demanding problem-solving tasks set by the competition, students had the opportunity to deepen their economic understanding and strengthen their analytical and critical-thinking skills. Their participation not only enabled them to engage with economics beyond the classroom, but also helped them develop valuable skills in reasoning, creativity and applied decision-making, skills that will support their future academic and career aspirations.

Perhaps parents may wish to test themselves:

  • According to the theory of economic growth associated with the Harrod–Domar model, the most advantageous set of circumstances to promote growth would be…
  • A country’s index of import prices falls to 94 while its index of export prices falls to 98. This means that the country’s terms of trade…