HomeUnited KingdomDetailed guide: FCDO Next Generation Economics competition

Detailed guide: FCDO Next Generation Economics competition

Write about the biggest economic challenges facing your generation between 15 February and 25 April 2021 to enter our Next Generation Economics Competition. You could win £250.

Welcome to Next Generation Economics, a Foreign, Commonwealth & Development Office (FCDO) competition for anyone currently studying in years 10 to 13 (in England and Wales, or equivalent in other nations) who is interested in economics. You do not need to have studied economics to take part. Next Generation Economics is your chance to write about the biggest economic challenges facing your generation in 2021.

How the competition works

To enter, you must submit your response to 1 of these 2 questions:

  1. Which economic policies should governments introduce to tackle the impacts of climate change on your generation?

  2. Which economic policies should governments introduce to tackle rising global inequality?

Your entry should take the form of a letter to the FCDO Chief Economist Rachel Glennerster and should be no longer than 800 words. You can view the detailed rules.

The winner of the competition will receive £250 and be invited to present their ideas to Rachel and her team at the FCDO. Runners up will also receive a cash prize. In addition, we will publish winning letters on the GOV.UK website and share them across the Government Economic Service.

Your answer should make use of economic concepts. Check out the writing like an economist page for ideas about which economic concepts might be most relevant and tips on how to write effectively.

Rachel Glennerster talks about the Next Generation Economics competition

The aims of the competition

This competition has 3 aims. We want:

  • to hear your ideas on 2 big economic challenges facing your generation. The FCDO represents UK interests across the world, and our economists are always searching for solutions to the global challenges of climate change and inequality

  • to inspire the next generation of economists. Our competition aims to demonstrate how economics is a vital tool for answering important, urgent questions about the environment and society

  • the next generation of economists to be even more diverse and open-minded than the current generation. We encourage you to enter the competition whatever your background (and however much you know about economics). Find out more about diversity in the economics profession.

The Foreign, Commonwealth & Development Office (FCDO)

The FCDO, the government department responsible for the UK’s relationship with the rest of the world, is running this competition. The FCDO manages the UK’s diplomatic relationships, promotes UK interests overseas, and oversees the UK’s overseas development budget.

Economics is important to our work, whether it is evaluating the sustainability of the UK’s international climate change commitments, analysing the impact of UK support to girls education in lower-income countries, or managing the UK’s contribution to global COVID-19 vaccine distribution. Economics helps the FCDO make the most of each pound of taxpayer money.

Good luck!

We look forward to reading your entries.

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