ABOUT PDST YOUNG ECONOMIST OF THE YEAR
YEOTY, as it has become affectionately known, is now in its seventh year and is developing into a significant national awards event for the enjoyment and promotion of economics. Commencing in 2013, the initiative has grown from strength to strength with an increasing number of participants and an improved level of quality each year. The national awards event rotates amongst the major third level institutions in Ireland. The first YEOTY was hosted by the in Department of Economics, Finance and Accounting in Maynooth University in 2013 and this year’s event was due to be hosted by the College of Social Science and Law, in UCD, however, as this was not possible due to Covid-19 restrictions, the event was hosted and broadcast online.
Each year economics teachers across the country attend a professional learning day organised by the Professional Development Services for Teachers (PDST) in association with members of the Irish Economics Association (IEA) to learn about the latest developments in economics in order to enhance their own knowledge and in turn that of their students. Teachers then work with students on inquiry-based projects to be submitted to the annual Young Economist of the Year competition organised by the PDST. In inviting students to explore real life issues through their projects, it is an excellent medium to facilitate students in developing greater economic literacy and to understand how economics relates to their everyday lives and future. Researching economic issues in this way empowers students to develop knowledge and skills that can be applied to many areas of life and further study. Submissions to YEOTY 2020 demonstrated a clear understanding that economics is about our choices and behaviours and how these impact on our individual lives, our country, global economies and on the planet we share. The purpose of the YEOTY awards is to showcase, acknowledge and celebrate the work of students and teachers in planning, preparing and sharing their projects.
The PDST Young Economist of the Year (YEOTY) national awards, is an initiative of the Professional Development Service for Teachers (PDST). PDST is the largest teacher support service in Ireland serving approximately 35,000 post-primary teachers of which approx. 1,500 are business and economics teachers. The PDST is funded by the Teacher Education Section (TES) of the Department of Education and Skills (DES). The DES fund the PDST Young Economist of the Year awards as part of the continuing professional development of teachers of business and economics. YEOTY partners include members of the Irish Economics Association (IEA) the Irish Government Economic and Evaluation Service (IGEES), the Central Bank of Ireland, the Department of Communications, Climate Action & Environment and economics and education departments in all of the major third level institutions in Ireland. Each partner contributes to the continuing professional development of economics teachers, evaluates projects and sponsors prizes for the awards. YEOTY is a shining example of the high level of commitment from students and their teachers to the study of economics and the types of partnerships in education being encouraged and enabled by the Department of Education and Skills.
HOW TO GET INVOLVED IN YEOTY
• Participating schools hold their own internal competition and may choose a maximum of three projects per class to submit to YEOTY.
• The projects are submitted online in February/March to
• The shortlisted projects are invited to attend the YEOTY awards in a leading university (UCD on 30th April 2020 – this will rotate around supporting university annually).
• There are various awards for sections re sponsor interest groups – e.g. Central Bank award; IGEES award etc.
• Members of the YEOTY working group comprising of educationalists academics and government partners will select the IEO team from the shortlisted students who attend the YEOTY awards.