Economics students shine at Target 2.0 competition

Tuesday November 29th saw the annual area heats of the national Bank of England Target 2.0 competition in Bristol.

Once again a team of some of our best economists pitched for 15 minutes in front of a panel from the Bank of England before being grilled by the panel in a Q&A session regarding the current monetary policy in the UK and the team’s ideas for changing what is happening currently.

As ever, the Cirencester team provided a very impressive pitch, packed with data and information far outside of the general syllabus content. They had done some impressive primary market research on confidence and this was used to excellent effect during the presentation. The judges praised them very highly for this and they were the only ones to do so this year.

Tom Schaffner was particularly impressive in the Q&A section, confidently answering the judges questions and proving a genuine master of monetary policy. After an hour of deliberation and very a close race the team from King Edwards School were crowed winners, but the Cirencester team left with their heads held high.

Baasit Khan, another team member said, “taking part in Target 2.0 was a really good experience. Not only have I now gained a better understanding of monetary policy but I am also more confident with public speaking. The questions were quite nerve racking but as a team we worked well together and we are all pleased with our performance”.

David Johnson, Head of School Business and Law, has been working with the students since September said, ‘These students have gained so much from the competition, not just the team of 6 that got to represent us in Bristol but the 14 others who worked in their enrichment time (and beyond) as a close knit team to put together their excellent pitch. These softer skills of negotiation, organisation and time management will be invaluable to our students as they go forward in their careers.”

For more information on Target 2.0 or Economics at the college please contact hannah.ash@cirencester.ac.uk