Generation €uro Students Award

April 7, 2014 Transition Year

The Generation €uro Students’ Award is a competition for secondary schools organised by the Central Bank of Ireland and the European Central Bank.

The competition aims to help Transition Year students understand monetary policy and how it relates to the economy. Participants gain an insight into the role of a central bank by learning about the function of monetary policy instruments, in particular interest rate decisions.

The competition challenges Transition Year students to learn about monetary policy instruments, in particular interest rate decisions, and to simulate the role of the Governing Council of the ECB to determine the most appropriate interest rate for the euro area.

The competition comprises three separate rounds including an online quiz, an essay and a presentation by the finalists to a panel at the Central Bank of Ireland at the National Final in March 2014.

The team which we selected to represent the school consisted of

Kevin Boland-Captain

Ciaran Martin

Michael Hanley

Frank Smith

We got through to Round 2 and then submitted an essay which unfortunately didn’t make it through to the next round due to it being theoretically dense and not based on practice.

It was a great experience to learn about the running of a central bank and I would like to thank Mr Murphy for all his help and support with the project.

Kevin Boland