Institute of Economic Affairs (IEA) is delighted to present this year’s IEA Essay Competition “The Dorian Fisher Memorial Prize”. Students who are studying International Baccalaureate or A Level and equivalent at institutions outside the UK are eligible to apply for this competition.
Through the contest, A- Level and IB students have an opportunity to win a prize of £500. The contest will worth up to £250 each for the three runners-up. There is also a prize of £500 for the school with the highest number of entrants.
Provided By: The IEA is the UK’s original free-market think-tank, founded in 1955. Our mission is to improve understanding of the fundamental institutions of a free society by analyzing and expounding the role of markets in solving economic and social problems.
- Award Amount: Total £1250
- Number of Awards: 3
- Study level: International Baccalaureate or A Level and equivalent
- Application Deadline: The 2019 Essay questions and the deadline will be posted here in March 2019.
Who May Enter:
To eligible, students must be studying International Baccalaureate or A Level and equivalent at institutions outside the UK.
To apply, an entry to the competition should contain the following three pieces of work as the following:
- A short essay, of roughly 1,200 words, on one of the following questions:
- Is economic calculation only possible when productive assets are privately owned and traded? If so why is this, if not why not?
- How might we use market mechanisms to mitigate or resolve environmental problems?
- Is an increase in the proportion of the adult population in paid employment always a good thing and if so why?
- A 500-word answer to one of the following three questions:
- What part do the concepts of knowledge and ignorance play in economic thinking?
- Are there inherent problems with the idea of market failure?
- What is the difference between risk and uncertainty and why does this matter in economics?
- A 500-word answer to the following question.
- Identify an area of economics that you think should be given more attention in the A- Level or IB syllabus and say why this is so.
The applicants must submit either email or mail through the given link:
- Entries from the UK should be submitted by post to Dr. S. Davies, Head of Education, Institute of Economic Affairs, 2 Lord North Street, London SW1P 3LB.
- Entries from outside the UK may be submitted by email: email@example.com.
Anyone wishing to enter the competition should feel free to contact the IEA for guidance about selected reading by sending an email to [email protected]. The email should have “essay competition” in the subject line.
- A prize of £500 for the entry judged best and £250 each for the three runners-up. There is also a prize of £500 for the school with the highest number of entrants.
- The four top winners, along with the other best entries, will all be invited to a special one-day event at the IEA in the autumn term, at which they will be given a certificate and the award.