Economics Competition Details

Problem Statement

A contemporary feature of American society is the increased supply of natural gas. This energy source could be (i) exported to reduce the US trade deficit, (ii) used to generate electricity thereby reducing emissions from the nation’s coal fired plants, or (iii) deployed to power the country’s transportation and distribution trucking fleet, thereby reducing the nation’s demand on foreign petroleum thereby enhancing US energy independence.

Your research team will evaluate these strands of policy, then select and argue in support of the option your team considers most viable as the centerpiece of the nation’s natural gas policy. Your analysis must include a fact-based assessment of the economic value of your choice and also describe the government actions, if any, needed to bring about the desired behavior.

Rules and Guidelines

Research teams will be comprised of three current undergraduates from Armstrong who will be enrolled in the entire 2012-13 academic year. Teams must represent at least two different academic disciplines, i.e. at least two different declared majors. Teams may not collaborate with any university faculty but are encouraged to use all academic resources available to them at Armstrong.

There will be monetary awards for 1st place recipients. The winning team will receive $7,500 in prize money; approximately one semester’s tuition for each member. The award will be split evenly amongst the three team members. Additional prizes, sponsored by the Center for Regional Analysis, will be awarded based on the number of entries.

Competition Timeline
November 5th, 2012 at noon Kickoff event will be held in the Student Union, Savannah Ballroom C. There, additional background information and final details will be provided. Interested students will have an opportunity to, and be encouraged to form teams at this event. The session will be moderated by Mr. Dale Lewis and several faculty members from the economics department.
December 3rd, 2012 by 5 p.m. Deadline for team roster submission. Final team rosters must be emailed to the Economics Policy Contest contact, Dr. Jason Beck of the economics department, at
January 23rd, 2012 by 5 p.m. Teams submit a document detailing progress to date. Evidence of sufficient progress, determined by the judging committee, is required for continued participation in the contest. Teams displaying such progress will be notified shortly thereafter.
March 20th by 5 p.m. Final report of policy analysis submitted to Dr. Beck.
March 29th Monica Lewis Economics Policy Prize judging committee will select the top submissions and invite presentations to the judging committee for final assessment
April 15th Presentations by finalists and award announcements for the first annual Monica Lewis Economics Policy Prize