Media Release RBA Economics Competition – 2009

The Reserve Bank of Australia today launches its annual Economics Competition in conjunction with the UNSW Economics Society. The competition is for Australian university students and challenges them to examine important and topical economic issues affecting Australia. Glenn Stevens, Governor of the Reserve Bank said, ‘The competition is an important way to encourage new interest and talent into the field of economics in Australia. We hope that students researching these topics will gain insights into the issues facing policy-makers today and will want to extend their economic studies’.

Many countries around the world are responding to the global financial crisis and the associated economic downturn with stimulatory fiscal and monetary policies. The essay topic for this year is Policy Responses to the Global Financial Crisis. Essays should:

  1. discuss the appropriateness of these policy responses, and the extent to which the exact nature of these responses might matter; and
  2. provide an overview of the theoretical arguments and also briefly consider the evidence, including the approaches adopted by different countries in the past.

The competition is open to citizens and permanent residents of Australia who are currently enrolled in an undergraduate program at an accredited Australian university. The prizes for first and second place are $1,500 and $750, respectively. There is also a prize of $500 for the best essay from a first-year student. Entries must be submitted by 21 August 2009.

For all enquiries about the competition, including detailed information about the rules, submission guidelines and prizes, students should visit the UNSW Economics Society Essay Competition web page.

All Other Enquiries:

Dr Christopher Kent
Head of Economic Research Department
Reserve Bank of Australia
Phone: +61 2 9551 8812

Media Office
Information Department
Reserve Bank of Australia
Phone: +61 2 9551 9720
Fax: +61 2 9551 8033