Media Release RBA Economics Competition 2011
The Reserve Bank of Australia today launches its 2011 Economics Competition in conjunction with the UNSW Economics Society. The competition is for Australian university students and each year challenges them to examine important and topical economic issues affecting Australia.
The essay topic for this year is The Economics of Natural Disasters. There have been a number of major natural disasters domestically and abroad in 2011. In addition to the significant human and social consequences of natural disasters, there can also be notable effects on the broader economy. Essays should:
- provide an overview of the aggregate economic impact of natural disasters, distinguishing between the short-run and long-run effects on the economy, including consequences for the capital stock, productivity, economic growth, and inflation; and
- discuss the implications for monetary and fiscal policy.
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 Friday, 26 August 2011.
For more details about the competition, students should refer to the information pack available on the RBA and the UNSW Economics Society websites, or e-mail economicscompetition@rba.gov.au.
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