The Harvard International Economics Essay Contest (HIEEC) allows high school students (grades 9-12) to debate pressing economic issues. Although the HIEEC is economics-based, it is not solely for economics masters—anyone can compete. The HIEEC does ask its contestants to apply in-depth research, analysis, and real-life examples to their work, crafting an argument the way they might form an argumentative essay. A chance to dive into economic theory or discuss a current financial crisis, the HIEEC is the ideal place to add depth to your writing arsenal. 

Every year, the HIEEC comes up with four unique essay topics that contestants can choose from. As all essays have a 1,500-word limit, challenging students to provide clear examples and insightful analyses in a relatively short amount of space. Judged by Nobel Prize Winner Oliver Hart, the HIEEC encourages original thought and practicality, encouraging students to add to existing economics theories. Participating in the HIEEC is more than simply submitting an essay—it is an opportunity to broaden your knowledge of the economic concepts that impact us socially, globally, and financially. By learning more about economic behavior, you are expanding your understanding of human behavior. 

The J&B consulting team works with students to ensure that they have all of the facts, resources, and support they need to write a strong economics essay. Whether the team is guiding an economics beginner through useful theories or helping an economics sleuth take their essay up a notch, the process is always a learning one.   

https://www.thehuea.org/hieec

1) Environment: Carbon taxes have been implemented in many countries, including in Europe and the United States, and are considered to play a significant role in regulating greenhouse gas emissions. However, there are criticisms regarding this approach, such as the argument that it is not effective because enterprises may keep polluting as long as they pay the cost. Additionally, the competitive advantage of imported products from countries without carbon taxes raises questions about its effectiveness. What unique effects can be anticipated from carbon taxes compared to subsidies for renewable energy? To address the concerns currently raised about carbon taxation, what potential alternatives could be considered?

2) Inequality: Consider a country where income taxes are used to address socioeconomic inequality by taxing a portion of citizens' earnings, typically in a way that is proportional to income. Now, imagine that this government is debating a policy shift that would eliminate income taxes for all employed persons, replacing them with a new consumption tax on goods and services, proportional to the value of each item purchased. Analyze the potential short-term and long-term economic and social effects of this policy shift within this country, as well as possible impacts on its relationships with other nations. Would you recommend this approach as a viable alternative to income taxes? Additionally, consider how at least two different groups (e.g., high-income earners, retirees, unemployed persons) might view this policy change. Would they likely support or oppose it, and why?

3) Workforce & Education: As automation and technological advancements continue to reshape industries, the skill sets required in the workforce are rapidly changing. How should education systems adapt to prepare students for a future dominated by automation and artificial intelligence? Evaluate the potential economic impact of reorienting education around STEM fields versus soft skills and critical thinking. What changes can be made at both the policy and institutional levels to ensure a workforce that is resilient and capable of thriving in an automated world? ​

4) Crypto/Finance: With the rise of cryptocurrencies and the potential introduction of central bank digital currencies (CBDCs), the role of traditional central banks may undergo significant shifts. How might the widespread adoption of digital currencies affect monetary policy, financial stability, and global capital flows? Should central banks regulate or embrace these innovations? Discuss the potential benefits and risks of digital currencies for consumers, businesses, and governments, and analyze how monetary systems could evolve in response.