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Year 12/13 - Enter the FCDO Economics Competition 2026

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Year 12/13 - Enter the FCDO Economics Competition 2026

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Write about the biggest economic challenges facing your generation by 25 June 2023 to enter our Next Generation Economics Competition. You could win £500.

Welcome to Next Generation Economics, competition run by the Foreign, Commonwealth & Development Office ( FCDO) in collaboration with the Hub for Equal Representation (H.E.R) at the London School of Economics and Political Science (LSE).

The competition is open to students who are interested in economics. You must be at least 14 years old and studying at the secondary school level in the UK, or in a British international school. You do not need to have studied economics to take part.

Next Generation Economics is your chance to write about the biggest economic challenges facing your generation.

How the competition works

To enter, submit your response to 1 of these 4 questions:

1. The COVID-19 pandemic and Russia's invasion of Ukraine have put pressure on global supply chains. What economic policies could the UK government and international partners introduce to boost their supply chain resilience?

2. The Dasgupta Review of the Economics of Biodiversity states that "Our unsustainable engagement with nature is endangering the prosperity of current and future generations". What economic policies could governments around the world introduce to protect and restore natural environments?

3. The International Monetary Fund (IMF) estimated that global inflation increased to 8.8% in 2022, driven by rising food and energy prices. What economic policies could governments around the world introduce to deal with the consequences of high inflation on living standards?

4. The COVID-19 pandemic and rising food and energy prices have halted progress against global extreme poverty. In the face of these challenges, what economic policies could the UK government and international partners introduce to reduce global extreme poverty?

Your entry should take the form of a letter to the FCDO Chief Economist and should be no longer than 1,000 words.

Read the competition rules and email your entry form to NextGenerationEconomics@fcdo.gov.uk by 11:59pm on 25 June 2023 (deadline extended from 8 May 2023).

If you do not have access to email, post your letter to:

We will announce the competition results in the summer of 2023. There are several prizes:

the winner will receive a cash prize of £500

2 runners up will each receive £250

5 other shortlisted entries will each receive £100

These top 8 entrants will be offered a fully-funded visit to the FCDO and the London School of Economics in London. The winner will present their essay to Adnan Khan, FCDO Chief Economist. They will also meet with one of the co-directors of the Hub for Equal Representation at the LSE. Fully-funded visits are only available to UK-based entrants.

The top 25 entrants will each receive an economics book, which they can choose from a shortlist selected by the FCDO Chief Economist.

We will publish the letters of the winner and runners up on the GOV.UK website and share them across the Government Economic Service.

Your answer should make use of economic concepts. View guidance on writing like an economist for ideas on relevant economic concepts and tips on how to write effectively.

Aims of the competition

This competition has 3 aims. We want:

to hear your ideas on one of the biggest economic challenges facing your generation. The FCDO represents UK interests across the world, and our economists work on finding and analysing solutions to global challenges

to inspire the next generation of economists. Our competition aims to demonstrate how economics is a vital tool for answering important, urgent policy questions

the next generation of economists to be even more diverse and open-minded than the current generation. We encourage you to enter the competition, whatever your background, and however much you know about economics. Find out more about diversity in the economics profession

Top tips from last year's competition

To get inspiration, you can read the winning letters from last year's competition. These are our top tips to make your letter to the FCDO Chief Economist stand out:

tell a story: create an engaging and convincing narrative to engage the audience in the economic arguments

focus on policy solutions: provide answers and solutions to the economic challenges of the question

use evidence: use real world evidence to support your arguments and claims, to give your writing authority

use visuals: use visuals, for example graphs, to help demonstrate your argument

evaluate: analyse why your proposed policies are the most effective solutions

The Foreign, Commonwealth & Development Office (FCDO)

The FCDO, the government department responsible for the UK's relationship with the rest of the world, is running this competition. The FCDO manages the UK's diplomatic relationships, promotes UK interests overseas, and oversees the UK's overseas development budget.

Economics is important to our work, whether it is evaluating the sustainability of the UK's international climate change commitments, analysing the contribution of the UK in tackling global poverty through various aid programmes, or managing the UK's participation in global COVID-19 vaccine distribution. Economics helps the FCDO make the most of each pound of taxpayer money.

Good luck! We look forward to reading your entries.

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FCDO Next Generation Economics 2023 competition

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The Foreign, Commonwealth & Development Office (FCDO) invites UK school students to write about big economic challenges by 25 June 2023 (deadline extended).

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Year 12/Year 13 Submit an entry for the John Locke Institute Essay Competition

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Year 12/Year 13 Submit an entry for the John Locke Institute Essay Competition

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2023 Essay Competition | John Locke Institute

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Year 12/13 Register E&Y's Empowering women in Business

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Year 12/13 Register E&Y's Empowering women in Business

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EY Empowering women in business - Ernst & Young

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Year 12 /13 - Enter The Great British Economics Olympiad

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Year 12 /13 - Enter The Great British Economics Olympiad

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The Great British Economics Olympiad at RIC The Great British Economics Olympiad is a national competition for secondary school students run by Rochester…

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Year 12 - Financial Times Global Essay Competition

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Year 12 - Financial Times Global Essay Competition

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Global Essay Competition | Crimson Global Foundation with Financial Times

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Join one of the biggest essay competitions for young thinkers and earn a chance to be published by the Financial Times!

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Year 12 & 13 - Speakers for Schools Broadcasts

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Year 12 & 13 - Speakers for Schools Broadcasts

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Accessible, relevant, real-world economics teaching, available and free to everyone.

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National Institute of Economic and Social Research

Latest Publications, News and Insights

Tracking the UK Economy

Monthly trackers of the key economic indicators

About Us

We connect powerful global economic and social forces to their impact on households and markets, sectors and regions across the UK and overseas

The National Institute of Economic and Social Research draws upon its collective memory of policy influence since 1938 to play a pivotal role in national and international policy debates, particularly through our quarterly Economic Outlooks and our Review. We deploy our convening power for policymakers, academics, the media, and other research institutes - from our Westminster base - to bring about better policy.

Find Out More

With our bespoke economic models, use of qualitative methods, our array of experts and our ability to convene thinkers from around the world, we provide incisive analysis and robust policy recommendations.

Discover how we contribute to the debate

Corporate Membership

Support our research

Access to all the Institute's research and analysis, including the well respected quarterly UK and Global Economic Outlooks

A subscription to the National Institute Economic Review

Invitations to the Institute's programme of meeting, seminars and roundtables

Priority access to the Institute's staff and modelling facilities, (including a designated number of days consulting time)

A private individual briefing by one of the senior researchers on a topic of the members choice

Our research findings are frequently in the news. Our name and our work is known to politicians, policy makers, academics, journalists and the general public. We achieve a sizeable impact through a relatively small income.

Membership

Access to all the Institute's research and analysis, including the well respected quarterly UK and Global Economic Outlooks

A subscription to the National Institute Economic Review

Invitations to the Institute's programme of meeting, seminars and roundtables

Priority access to the Institute's staff and modelling facilities, (including a designated number of days consulting time)

A private individual briefing by one of the senior researchers on a topic of the members choice

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The National Institute of Economic and Social Research is Britain's longest established independent research institute.

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Year 12 / 13 - “What Economists Really Do” online series (recommended for Year 11+)

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Year 12 / 13 - “What Economists Really Do” online series (recommended for Year 11+)

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Year 13 - Shrewsbury School Economics Conference 

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Year 13 - Shrewsbury School Economics Conference 

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Year 12 - Annual Royal Economic Society Lecture

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Year 12 - Annual Royal Economic Society Lecture

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Year 12  - Cambridge University Maths for Economists Competition

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Year 12  - Cambridge University Maths for Economists Competition

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This page is a small collection of advanced-level material from the main NRICH pages which will be of use or interest to those hoping to study economics at university. They are straight mathematics problems but have an economic flavour or application.

There is a lot of calculus, optimisation, statistics and algebra involved in university economics, so the more comfortable students are thinking about these issues the better.

Some useful problems to try:

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Here we present a collection of NRICH problems which will be of use and interest to those hoping to study economics at university.

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Year 12 - Read Undercover Economist Blog

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Year 12 - Read Undercover Economist Blog

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My weekly column in the Financial Times on Saturdays, explaining the economic ideas around us every day. This column was inspired by my book and began in 2005.

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Year 12 Tutor2U Autumn Business Competition

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Year 12 Tutor2U Autumn Business Competition

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Year 12 - Listen to Freakonomics podcast

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Year 12 - Listen to Freakonomics podcast

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Follow this show

18 Episodes

From the podcast that explores the hidden side of everything, hear authors like you've never heard them before. Stephen J. Dubner and a stable of Freakonomics friends talk with the writers of mind-bending books, and we hear the best excerpts as well. You'll learn about skill versus chance, the American discomfort with death, the secret life of dogs, and much more.

The Freakonomics Radio Book Club is an occasional feature of Freakonomics Radio. You can listen to these special episodes here. We also provide transcripts, show notes, and links to research for each episode.

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Follow this show 18 Episodes From the podcast that explores the hidden side of everything, hear authors like you've never heard them before. Stephen J. Dubner and a stable of Freakonomics friends talk with the writers of mind-bending books, and we hear the best excerpts as well.

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Year 12 / 13 - Enter “Economist of the Year”

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Year 12 / 13 - Enter “Economist of the Year”

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Young Economist of the Year | Discover Economics

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What you can expect from studying and working in economics.

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Year 12 - Complete distance learning Economics course

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Year 12 - Complete distance learning Economics course

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Best Online Economics Courses and Programs

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Explore economics courses and more. Develop the skills to advance your career with edX.

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Year 12 - Sign up to FT news for articles

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Year 12 - Sign up to FT news for articles

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Consider the FT research competition

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Year 12 - Financial Times Student Advocate Programme

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Year 12 - Financial Times Student Advocate Programme