Economists emerge triumphant in inter-schools competition
Four Year 12 economics students from the Stamford Endowed Schools emerged triumphant as the winning team in the first Inter-School Target 2.0 Economics Competition held at Uppingham School against Sixth Form economists from Oundle and Uppingham last Monday (11th February).
The Inter-School Target 2.0 Economics Competition, previously known as the Bank of England Target 2.0 schools competition, saw the three teams from Stamford, Uppingham and Oundle tasked with presenting their own detailed forecast of inflation in the UK over the next 18 months. The teams were then asked to make their recommendation for interest rates and monetary policy in order to achieve the target of 2.0% inflation (hence the competition’s name: Target 2.0), just as the Bank of England does.
The four economics students from the Stamford Endowed Schools: Freddie Shaw, Elicia Miller, Calum Fryatt and Hugh Dalrymple equipped themselves outstandingly during their 15 minute presentation before being questioned by a panel of judges drawn from academia and business.
Stamford Endowed Schools’ team captain, Hugh Dalrymple said, ‘We learned a lot from both the preparation and the presenting elements of the competition. Incorporating knowledge from our economics A level, whilst analysing the current economic situation has given us a much better understanding of the general economic climate. It was certainly an invaluable experience and we hope the competition will continue over the coming years.’
Mrs Eleanor Herdale, Head of Economics at Stamford Endowed Schools commented, ‘I am delighted for the team. It was great to see them take on the role of real-life Bank of England economists with such enthusiasm and ability. Our students faced tough competition on the day against older teams with more experience, but they certainly rose to the occasion and made Stamford incredibly proud!’