On Thursday 16 June, the Economics department held the inaugural Charterhouse 2.0 monetary policy competition.
Teams of Year 12 pupils were set the task of producing a 10 minute presentation on how they would control inflation if they were the Bank of England Monetary Policy committee. Groups had to research current Economic conditions, factors influencing UK inflation levels and the potential levers available to the MPC in trying to bring inflation back below the central bank’s 2% target.
The competition was hugely popular, with 10 teams entering – accounting for more than half of all economists in the year group! After initial heats, the four finalists made it through to a second round, judged by Charterhouse staff alongside Mr Jamie Bartlett, Head of Economics at Cranleigh School. All our finalists demonstrated an enormous amount of research, offered thoughtful and creative approaches to the current economic situation, and presented with confidence to our audience. Faced with tough questions from the judging panel, our final team of Zhaniya, Maria, Mika and Aiken were eventually crowned winners, having produced a presentation that went well beyond the syllabus and showed an insight unmatched by other groups. Well done to all of our competitors!
- Report written by Mr Constable (Head of Economics)