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Harvard International Economics Essay Contest 2022 [Grades 9-12]: Submit by Dec 31

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Nov 30, 2022
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Harvard Undergraduate Economics Association (HUEA) together with the Harvard College Economics Review (HCER) is organizing the Harvard International Economics Essay Contest 2022.

About The Competition

The 2022 Harvard International Economics Essay Contest is sponsored by the Harvard Undergraduate Economics Association (HUEA) in conjunction with the Harvard College Economics Review (HCER). This essay competition is open to high school students of any year and is a fantastic opportunity to demonstrate an accomplished level of writing and understanding of economic theory. Through the contest, student competitors hone their academic and professional skills and exhibit their knowledge to future employers and academic programs.

Competitors must construct a convincing argument using economic theory and real-world examples. Winning essays will be published in the Harvard Economics Review and will be available for the greater Harvard community to read. Essays should focus on argumentation supported with facts and references, although data-based support is also welcome.

Competition Theme

2022 Essay Questions:

In recent years and decades, many countries have seen fertility rates drop, potentially leading to falling populations. Currently, China has a fertility rate of 1.3, one of the lowest in the world. However, in 2021, China experienced GDP growth of 8% with output totaling $17.7 trillion. Will this lowered fertility rate (with potential to fall further) affect China’s economic growth and policy? How so? What, if anything, can the Chinese government do to limit the risk of falling fertility rates?
U.S. mortgage rates recently passed 7%, making the purchase of a new home increasingly unaffordable. Meanwhile, the United States has suffered from a chronic shortage of available housing for decades, particularly in urban areas, leading to what many scholars and advocates call an affordability crisis. Why is housing so unaffordable in the U.S.? What can (or should) be done by private actors, state and local governments, and the federal government to alleviate the affordability crisis?
It is often suggested that a tradeoff exists between economic growth and the health of the environment, especially now as the threat of climate change becomes more dire. What economic risks does a changing climate pose? Can economic growth be consistent with a healthy environment? What policies, either market-based or otherwise, should governments enact to protect the environment while posing the least danger to economic efficiency?
Central banks such as the Federal Reserve in the U.S. and the Bank of England in the UK manage their nation’s macroeconomies with the goal of ensuring price stability and maximum employment. Globally, inflation rates are rising to levels not seen since the 1980s, particularly in the U.S. and European countries. To what extent should the monetary policies of central banks in various Western countries differ or resemble one another as a reaction to the specific causes of inflation facing their economies?

Competition Guidelines

Grades 9-12 are permitted.
Entrants must choose one of the four prompts and write a response to it with a strict limit of 1500 words. Submission must be via the HUEA website and entrants are limited to submitting one essay with only the first submission being considered. Each essay submission will have a $20 reading fee which should be paid upon submission of the essay.
The essays will be judged by the boards of the HUEA and HCER, with the top 10 submissions being adjudicated by the esteemed Harvard professor and 2016 Economics Nobel Prize winner Oliver Hart.

Important Dates

10th November 2022 – Essay titles released
11:59 pm EST 31st December 2022 – Essay submission deadline
Early February – Highly Commended and Finalists notified
Early March – Winners notified, results published on the website

Awards and Prizes

The top three winning essays will be published (with the author’s permission) on the Harvard Economics Review online Publications. A finalists list of the top 10 submissions will be published online and adjudicated by 2016 Economics Nobel Prize Winner Oliver Hart. A further 20 names will receive honors of “Highly Commended” and their names will be published online. The judges’ decisions are final.