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RBA/ESA Economics Competition 2014

The Reserve Bank of Australia sponsors an essay competition for undergraduates studying economics at any accredited university in Australia. The competition is run by the Bank in conjunction with the Economic Society of Australia (ESA) and the UNSW Economics Society.

The 2014 Essay

Productivity growth is the key driver of long run changes in per capita income and living standards. Multi-factor productivity (or the Solow residual) refers to the efficiency with which an economy uses resources to produce output. Productivity growth has slowed markedly since the mid-2000s, particularly compared to its strong pace during the 1990s.

What factors explain the slowdown in productivity growth over the past decade? Discuss the short- and long-run implications of the productivity slowdown for the Australian economy. How can government policies be used to address the most recent slowdown?

Graph: Australian Multifactor Productivity

The competition is open to students currently enrolled in an undergraduate program at an accredited university in Australia. The prizes for first and second place are $2,000 and $1,000, respectively. There is also a prize of $500 for the best essay from a first-year student. Entries for the 2014 competition have now closed.

For detailed information about the rules, submission guidelines and prizes, students should refer to the information pack on the Economic Society of Australia and the UNSW Economics Society websites.

Winning Essays 2014

The winners will be announced by the end of September 2014. A presentation ceremony, to be hosted by the Reserve Bank of Australia, will be held in October 2014.

Competition Enquiries

For enquiries about the competition please email: info@unswecosoc.com.