22nd November 2016
A huge well done to York College A Level Economics students who came out on top of a national competition heat hosted and judged by the Bank of England. The students will now advance to the area final of the contest.
The Target Two Point Zero Challenge was a chance for students to suggest what form Monetary Policy should take to enable the Bank to achieve its stated objective of 2% inflation. Students had been studying and analysing huge amounts of data to make their decision based on interest rates, quantative easing and forward guidance.
Along with six other schools from the York area, York College students took part in the Regional Heat at The Marriott Hotel York. The team will now advance to the North of England final early next year.
Chris Burley, A Level Economics Tutor said: 'For the past six weeks the students have worked to prepare a presentation for the competition, judged by Bank of England officials, and their victory seals their place in the Area Championships at the end of February/beginning of March 2017 in Leeds.'
For more information on the Target Two Point Zero Challenge: http://www.bankofengland.co.uk/education/pages/targettwopointzero/default.aspx