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

 

Monetary Policy Challenge national finalists announced


Teams from six secondary schools have been chosen as finalists in the Reserve Bank’s Monetary Policy Challenge.

In the first round of competition, students had a chance to try their hand at making a Monetary Policy decision, setting the main interest rate that influences the cost of borrowing and interest paid on savings. The annual competition attracted entries from 35 secondary schools from across New Zealand to step into the shoes of a Reserve Bank economist.

The six schools selected as finalists to compete in the second round of competition next month are Auckland Grammar, Christ’s College, Christchurch Girls’ High School, King’s College, Macleans College, and Mt Albert Grammar.

King’s College is the only school from the 2018 finalists to have previously won the competition.

The competition is designed to increase students’ understanding of monetary policy by working as a team to assess economic conditions and make a prediction for the Official Cash Rate (OCR) decision. The competition is open to Year 12 and 13 secondary school students and can also contribute towards NCEA achievement standards.

Reserve Bank economists judged the competition and said they were impressed by the broad range of factors schools considered when making their decisions, and by their answers during the question and answer session.

“Students demonstrated a sound understanding of what matters for monetary policy. They did very well in justifying their decision during the presentation, as well as applying economic theory to real life situations during the Q&A,” Reserve Bank economists Amy Rice and Nick Mulligan said.

“We were particularly impressed by the number of schools that recognised that the Bank’s mandate has changed and considered the labour market as part of their analysis.”

The finalists will travel to the Bank in Wellington for the National finals on 3 July to give an oral presentation and compete for the title of Challenge winner. The winning team will be invited back to the Reserve Bank on 9 August 2018 to attend the Monetary Policy Statement media conference.


© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Howard Davis: And The Oscar Goes To … Parasite
For its deliciously dark wit and genre-bending ingenuity, Bong Joon-ho's latest movie has just won four out of a potential six Academy Awards, including Best Screenplay and Director. Only ten foreign-language films have previously been nominated for Best Picture and none have won before. More>>

Howard Davis: 1917's 1,000 Yard Stare

Sam Mendes has created a terrible and barbarous trek, one that we appreciate all the more for being catapulted right into the midst of this ear-splitting melee from the film's opening sequence. More>>


Floorball: NZ To Host World Cup Of Floorball In 2022

In a major coup for a minnow nation in the European-dominated sport of floorball, New Zealand has won the rights to host one of the sport’s marque international events. More>>

National Voyage Continues: Tuia 250 Ends

Tuia 250 has unleashed an unstoppable desire to keep moving forward and continue the kōrero about who we are, say the co-chairs of the Tuia 250 National Coordinating Committee, Dame Jenny Shipley and Hoturoa Barclay-Kerr. More>>

ALSO:

Over 150 Productions: NZ Fringe 2020 Has Launched

The upcoming festival will be held at 40 venues all over Wellington Region from 28 February to 21 March, and includes every genre possible—theatre, comedy, dance, music, clowning, cabaret, visual art, children’s shows and more! More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 


 
  • Wellington
  • Christchurch
  • Auckland