Head's Newsletter 11 December 2015

thoughtfully, with each member of the team contributing and outlining their own position on rate rises. Despite a creditable performance from Tiffin, the heat was eventually won by a very strong team from Tiffin Girls' School. Overall, our students considered their visit to the Bank of England to have been worthwhile, having learned much about economics as well as having the opportunity to discuss with like-minded students from neighbouring schools. Ifs Student Investor Challenge A team of four from Tiffin School outperformed more than 30,000 students nationwide to become the first monthly winners of the 2016 ifs Student Investor Challenge. The “BUYMYECONOMIXTAPE” team, consisting of Lucas Tishler, Aditya Shrimanker, Michael Tallent and Arjun Popat made a virtual profit of nearly £25,000 in just four weeks of the stock market investment competition. As the first monthly prize winners the team have secured an initial prize of £100 and stand a good chance of reaching the second round of the competition. The ifs Student Investor Challenge is the largest competition of its kind for schools in the UK. Run by financial education specialist ifs University College over a period of five months, the competition helps teenagers learn about financial investing through trading in virtual shares. Each team starts with two portfolios in which to invest, a £100,000 share portfolio and a longer-term strategic portfolio, with the eventual winners earning an all- expenses paid trip to New York City.

ECONOMICS NEWS On Wednesday, 25th November, four Year 13 Economics students competed in the Bank of England's prestigious Target 2.0 competition. Each team selects appropriate data in order to produce a fifteen-minute presentation on monetary policy. In particular, the students must justify their choice of the most appropriate rate of interest for UK and whether to continue with the policy of quantitative easing. After giving their presentation, each team then faces fifteen minutes of questions from three of the Bank's economists. Competing against seven other teams, the event is a rigorous test of the students' knowledge of macroeconomics.

Tiffin team: Joghi Sidhu, Michael Tallent, Geshopan Tharmarajah, Aranan Wijayasooria

The Tiffin team gave a compelling presentation concluding that, despite international uncertainty, there is sufficient domestic demand to justify raising interest rates from their current levels. The subsequent questions were answered

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