About the competition
What is the Generation €uro Students’ Award?
Are you interested in how the economy works? Would you like to win a prize that could help you to stand out from the crowd when applying to universities, or for internships?
In this competition, you have to propose what monetary policy decisions the Governing Council of the European Central Bank (ECB) should take, given the state of the euro area economy and the level of inflation. Monetary policy is the process central banks use to control the supply of money in the economy. It relies on different instruments to ensure stability, such as interest rates and purchases of financial assets.
Who can take part?
Teams of students from schools in participating euro area countries are eligible to take part. The national central banks of the participating countries run the competition in their country. Students who enter the competition have to be aged between 16 and 19 at the time of the registration, and in their final years of secondary education. You don’t need to be studying specific subjects to enter. Your team can include up to five students and one teacher. All team members must be from the same school, but more than one team per school can take part.
What can you win?
Finalists will have the opportunity of completing an internship at the BCL and will receive collector coins and cash prizes. The winners will participate to a European event organised by the ECB. Even if you don’t win, taking part will be a valuable experience. All finalists will receive a certificate.
When is the 2022-23 competition?
The first round, an online quiz, will run from October 2022 to 20 November 2022. The best teams will be invited to the next stage of the competition.
The second round, an assignment, will take place between 21 November 2022 and 1st February 2023. After that, there will be a presentation, followed by a question and answer session, which will take place in March or April 2023.
Please keep in mind that the timetable could change.
How can you enter?
It’s simple. First you need to form a team (remember, up to five students and one teacher) and register. Once you’ve registered, you can get started. First, test your knowledge with the trial version of the online quiz and, when you feel ready, take the real online quiz. Remember that you can try the trial version of the quiz as often as you wish, but you can attempt the real quiz only once.
The best teams from the quiz round will qualify for the next round. They will be asked to submit an assignment.
The teams with the best assignments will then be invited to take part in the final round – a presentation to a jury of experts from your national central bank. There will be a question and answer session afterwards.
How can you find out about monetary policy?
You can ask your teacher for help with the assignment and presentation.
The knowledge students need to acquire to be sure to successfully complete the competition can be found in the annex to the Teacher's Booklet.
You can also gain more insight on the euro and monetary policy thanks to the ECB's explainers
Who can we contact for more information?
If you have any questions, just get in touch with us. Please find our contacts below:
Banque centrale du Luxembourg