On 20 November, 10 teams of Advanced Higher Economists from the whole of Scotland analysed UK and global economic data and their possible impact on inflation and the economic outlook for the UK - just as the Bank of England Monetary Policy Committee does each month. The teams then decided if current monetary policy is appropriate or needs to be adjusted, to meet the 2.0 per cent inflation target set by the Government. They then presented and justified their recommendations to a panel of Bank of England judges followed by a tough question and answer session.
The knowledgeable and persuasive SMC team, consisting of Evan Adair (6JFM), Rupert Duncan (6RDM), Mauricio Gibson (6RJA) and Alastair Austin (6LJA) won on the day and will go now through to an area final in February where they will represent Scotland. This is a great achievement as the competition is extremely challenging.
You can read more about the competition here. http://www.bankofengland.co.uk/publications/Pages/news/2014/153.aspx