Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 


Economics challenge attracts record numbers


Economics challenge attracts record numbers

Top high school economics students will have their knowledge tested at the annual ANZ Massey Economics Challenge, to be held simultaneously at Massey’s Albany and Manawatū campuses on August 30.

With a refreshed format for 2013, the competition has attracted a record number of participants and competition for the winners’ trophy is expected to be intense.

Economics lecturer and Albany event organiser Dr Brendan Moyle says the number of Auckland schools taking part has doubled this year with 15 schools across the city entering teams. In Palmerston North competitor numbers have remained steady, with Stratford High School competing for the first time.

“I think the new format has really removed some of the barriers for entry, and the competition is now more focused on economics knowledge rather than presentation skills,” Dr Moyle says.

The 2013 Economics Challenge will consist of three rounds:
• Round one will be a multiple-choice quiz based on the NCEA curriculum. All teams will have the opportunity to answer all questions.
• Round two will see each team presented with a question exploring different aspects of the New Zealand economy. Teams that answer the question well will be given a bonus follow-up question; if a team is unable to answer, the question will be thrown to the other teams to answer.
• Round three will be a quick-fire round of general economics questions, with questions being answered by the first team to hit its buzzer.

“Teams that are familiar with economics and the New Zealand economy, and also read newspapers and keep up with current debates will do well,” Dr Moyle says. “We want to see if students can apply their textbook knowledge to understanding the real world.”

Dr Moyle says the quick-fire round questions will be varied and interesting. “While this competition will give students a bit of feedback on how they are going with their studies, we also want to show them that economics isn’t dull, that what we do can be really fascinating.”

Manawatū competition organiser Associate Professor Rukmani Gounder says the event gives students valuable experience by making them think about the wider aspects of economics, as well as the specific policy implications of decisions made by key players like government.

“They get a taste of the challenges they can expect from a university-level education,” she says. “And I really enjoy hearing the innovative ideas they bring when discussing the macroeconomic aspects of New Zealand’s economy.”

ANZ Bank is jointly sponsoring the competition with Massey University for the fifth year.

"Economics plays a big part in shaping the world young people will live and work in," says Craig Moffat, Auckland Regional General Manager Retail Banking and one of this year’s judges. "As a bank we’re keen to support programmes like this that help young New Zealanders build their financial knowledge and equip them for the future."

The students in each winning team will receive a Massey scholarship of $3000 towards full-time study in the College of Business. Runner-up teams receive a $1500 scholarship. The judging panels for the competition include experts from ANZ, Massey, Treasury and the Ministry of Business Innovation and Employment.

ends

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Fringe Review: Rossum’s Universal Robots

Written in 1920 by Karel Capek in a newly independent Czechoslovakia, its prophetic tale of artificial intelligence, automata and human morality was initially a big hit, but it then vanished from view, in New Zealand at least, before being revived in Hamilton last year. More>>

SELECT FRINGE SHOWS:

Pictures Of Media: Call For Photographs For Reimagining Journalism

In August this year Freerange Press is launching its next big book. This time we are gathering the best writers and thinkers in the country to look at the changing media landscape in New Zealand. To illuminate and give voice to the writing we want to include around 25 excellent photos. We want these photos to document the different aspects of how journalism is made, how it used to be, and how it is changing. More>>

Safer Internet Day: Keeping Safe Online More Important Than Ever

Tuesday 9 February marks Safer Internet Day. Safer Internet Day is designed to create awareness about the importance of Internet safety and encourages positive use of technology - with a strong focus on young people. More>>

ALSO:

We Have The Technology: Zephyrometer Up And Moving

“The needle’s stoppers had to be repaired because of the extra impact caused by the balance not being correct. We also added an extra 300kgs counter-balance – made from zinc coated steel triangle plates. These adjustments will now stop it bending low over the road in high winds.” More>>

ALSO:

Waitangi Day: Treaty Of Waitangi - Found In Translation

To celebrate the Society of Translators and Interpreters's 30th anniversary, over 90 translators will work together to translate the English and Māori versions of the Treaty of Waitangi into 30 languages... More>>

ALSO:

Northland Development: Trust Applauds $4m Government Funding For Art Centre

Today's announcement of central government support, made by Minister of Economic Development Steven Joyce, provides a key step forward in funding for Whangarei’s Hundertwasser Art Centre & Wairau Maori Art Gallery. More>>

ALSO:

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Education
Search Scoop  
 
 
Powered by Vodafone
NZ independent news