"I am the Chancellor" Competition

This competition is open to all AS Economics students (including 5 Termers).

The Chancellor of the Exchequer makes his budget speech to the House of Commons on Wednesday March 21st.

Your task is to prepare your own budget for the UK economy under the following headings:
1. What is the current economic situation?
2. What are the main aims of your economic policy?
3. What changes are you going to make to taxation, government spending, monetary policy and supply side policies?
4. What will the effect of these changes be on the UK economy?
(use economic theory to explain these effects)

You should produce:
a written assignment; and
a presentation of no more than 10 minutes.

Deadline: 20th March

There will be prizes for the best presentations and assignments and overall budgets.

To help you, check the Youtube clip of George Osborne’s Budget Speech March 2011, daily newspapers, BBC, and other relevant resources.

This will be graded by a letter grade and the top performer of each class will be presenting in front of a panel to decide the overall winner from the whole AS Economics CATS cohort.

Please contact Ian Tay (itay@catscambridge.com) or Ross Moon (rmoon@catscambridge.com)