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Waikato Diocesan Second in NZ for Economics Challenge

posted 13 Aug 2015, 19:27 by Debbie Stevens   [ updated 13 Aug 2015, 19:28 ]
Congratulations to the Dio Team of Taylah Warren, Jessica Nicholson, Ashleigh Brough, Jacone Du Plessis and Amy Spittal who yesterday finished second in New Zealand in the The Reserve Bank 2015 Monetary Policy Challenge (MPC). King’s College (Auckland) were the national winners and Taupo-nui-a-Tia College came third.

The MPC expands secondary school economics students' understanding of monetary policy, and links to NCEA achievement standards. The teams first presented their decisions online via videoconference, and the top six teams in New Zealand were then selected to present at the national finals in Wellington.

The judges, Assistant Governor Dr John McDermott and two Reserve Bank economists, Jed Armstrong and Hayden Skilling said that all of the presentations were excellent and the teams demonstrated broad knowledge of monetary policy and factors currently affecting the New Zealand economy, such as changing dairy and oil prices.

“All of the schools coped extremely well with some very challenging questions and had a sound understanding of how monetary policy flows through to affect the economy,” Dr McDermott said.

The other national finalists were Macleans College (Auckland), Napier Girls’ High School, and Diocesan School for Girls (Auckland).

"The national finalists all achieved at a high level and had clearly put many hours of study and preparation into their entries in the competition,” Dr McDermott said. “We also acknowledge the efforts of the many teachers who have contributed valuable time and effort to inspire and guide their students.”

The students were mentored by Dio's TIC Economics, Mrs Maree O'Reilly.

The MPC is open to all New Zealand secondary school senior economics students and runs annually from May to August.