Business & Economic Activities
This year has seen around twenty teams entering the Student Investor Challenge, a national competition which attracts thousands of teams each year. Unfortunately, we narrowly missed out on advancing into the regional final for the first time in five years. In addition, the department entered a team for the new Shares4Schools competition which incentivises students to develop real life experience of share-dealing through investing ‘real money’ on the stock market. We enjoyed some success in this, effectively using economic analysis to choose growth areas such as warehousing, games and medicines and make a 5% gain in the early months. However, these gains disappeared with the pandemic. Our team responded and quickly shorted the market to find themselves with 10% paper gains and 4th place in the national league. This did not last though, and the competition ended early leaving our team with much the same funds as at the start. The competition proved to be a rollercoaster ride from which our students will have learned so much through their personal commitment. Well done to Harry Watts for organising and to Sehej Khatkar, Akash Bening, Frank Kwok and Ankit Sreevathsa for valuable contributions in research, analysis and decision making.
Once again, a number of students entered various economics essay competitions. Amongst them was Tom Allin and the essay he submitted for the Marshall Society Competition entitled ‘How should Venezuela end its current hyperinflation’ earned him selection as a finalist in the 2019 John Locke Institute Essay Competition. We also congratulate Tom on being offered a place to read Economics at the University of Cambridge. The Economics and Business Society featured several speakers, notably Roland Straub from the Positive Money organisation who delivered an insightful talk on money creation. Our annual networking trip to London, which usually takes place in the summer term and run in conjunction with the Careers Department was postponed, but hopefully this will take place at a later date and be well attended by both Sixth Formers and Old Warwickians alike.