According to The Institute of Economic Affairs, the economics essay competition for The Dorian Fisher Memorial Prize 2023-24 is going to be held this year & the deadline for the submission is Friday, 26th January 2024 at 23:59:59. The results shall hopefully be announced in February 2024.
This article is aimed at students who want to get the knack of answering economics essay competition questions in the best way so that they may win the prize. It’s not an easy thing to do, and especially when you are competing with equally brilliant students, winning the competition becomes a little too tough.
The guidelines in this article have been written to help you ace the competition. Ensure that you follow them in your work, and rest assured that you shall be the winner.
Getting help from an essay writing service is also a perfect thing to do when you are feeling stuck or confused with crafting your competition essay on economics topics.
What is Economics Essay Competition?
Per the facts and figures discussed by Minds Underground, the economics essay competition provides an opportunity for the participants and encourages students to engage in university-level research, develop their writing skills and link real-world scenarios with the concepts of economics. The participants generally choose a topic for writing their essays and have a question to answer in the paper they craft.
How to Write Economics Essay for Competition? 5 Blockbuster Tips
For writing stunning papers for economics essay competitions, you have to take care of a few guidelines. The fundamentals of winning economics essays are analysis, research and conciseness.
The effective tips and guidelines to follow during the essay writing process are listed below:
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Use Graphics
The more graphics you use in your economics essay competition, the better your audience will understand your essay theme. Conduct your research for the papers and make bespoke charts and graphics to display the results of your research.
Here are different kinds of charts, tables and graphs that you can use in your economics essay for competition. It is taken online from the report titled How to Construct and Interpret Graphs and effectively describes our point:
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Highlight Important Economic Concepts
When writing your economics essay competition thesis statement, make sure that you have highlighted a couple of important economic concepts. The significant concepts, such as externalities, global poverty and inflation rates, can be used as the basis for displaying your understanding of the subject.
You must use useful online resources to add worth and value to your core arguments. If you are studying climate change, make sure that the effect of such a change is related to the economic concepts in your essay.
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Research Well
When researching the topic for your economics essay competition, try to gather evidence that can be visualised. While citing such sources, you can also mention the sources and mentioning them becomes particularly important when you take such papers from published analysis reports or research papers.
For example, here is an image taken from the paper titled Working Paper: Graphs in the American Economic Review that shows how graph types and ratings changed around the 70s in the context of American Review.
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Use Evidence in Your Work
All economic essay writing must be based on solid and concrete evidence. Research the topic you choose for your work and develop your knowledge on the subject. You can strengthen your arguments by taking the information from the work of published authors.
Just make sure that you have cited all the sources and references in the essay you have written. If you are working on showing the work of financial sectors for promoting economic outcomes and its link with economic cost factors, lay a solid foundation for your arguments and cite the sources in the bibliography.
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Use Reliable Sources
This is the last tip, and we can’t stress this enough: use reliable sources in your essay that describe the global economy, economic implications, ageing populations, consumer behaviour and labour markets. Verify if the information is up-to-date and if the sources are credible or not. Educational websites are the best for getting economics essay competition help.
When your sources are credible, they automatically increase the worth of your work in the eyes of the examiners. You shall get leverage on your fellows and may qualify for getting good grades in the essay.
How Do I Prepare for an Economics Essay?
Some general tips, per the guidelines of the University of St Andrews, to win an economics essay competition prize are mentioned here:
- Thoroughly read all the recommended material for your essay competition in economics.
- Ensure that you answer all the research questions of your work.
- Cover all the related requirements of your essay title in the document you craft.
- Make sure that your economics essay competition structure is up to the mark.
- Try to be as much coherent and clear in your essays as you can be.
- Use appropriate methods for your work and keep your essay completely plagiarism-free.
Who Won Economics Essay Competition 2023?
According to GOV.UK, ST Olave’s Grammar School student Arjun Javagal won the Foreign, Commonwealth & Development Office (FCDO) Next Generation Economics 2023 competition. His essay was based on the use of payment for ecosystem services and related mechanisms.
Economics Essay Competition Topics:
For the online economics essay competition 2024, some of the helpful topics are listed here:
- The effect of economic sanctions on targeted countries
- The domain of healthcare economics: an analysis of the cost-effectiveness of public health policies
- Discussing the role of central banks in the management of economic crisis
- Discuss the economic impacts of climate change on global agriculture and the factors that impact it.
- Studying the effect of global pandemics like COVID-19 on the international economy and trade
Make sure that you have analysed the economic society under discussion completely and that you are aware of the factors impacting the economic growth of such a country. Being up to date with the world around you shall give you leverage over other competitors, and you will be more likely to win the economics essay competition in 2024.
Conclusion:
The best topics for your economics essay competition shall matter where the role of government interventions has been highlighted recently in your country. Look around yourself and figure out if there are any leading issues like that. Study the supply and demand curves of different products, especially the products that are important for international trade. This way, you can find out the best topics for your research, and if you choose a good one, you shall certainly ace the competition.
If you are worried about the economics essay topics for the competition, you can get help from a professional essay writing service online. This way, you shall get the essays written by professional writers covered in the required word limit.
