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The Economics Competition

2017 Awards Presentation Ceremony

Monday 16 October 2017 The University of Business School Department of Economics

www.business.auckland.ac.nz Programme 2017 New Zealand Guest speaker Economics Competition Rae Rho Welcome Welcome to the New Zealand Economics Competition 2017 BA(Hons) Auckland Awards presentation ceremony. Professor Prasanna Gai Senior Market Analyst, Air New Zealand Department of Economics The New Zealand Economics Competition has grown in size The University of Auckland and reputation since its inception in 1997, and has been Business School administered by the Department of Economics at The Rae is a senior market analyst at Air New Zealand. Her area University of Auckland Business School since 2008. of expertise includes the trans-Tasman market, and more recently the NZ-China market. She holds a BA with first class Presentation of awards The Competition is the largest and most prestigious one of honours in economics, and a BA in French from the its kind for secondary school students. The fifty-minute High Distinction University of Auckland. Rae began her work in airline examination paper contains forty multiple-choice questions economics in her honours year, writing a research that test both classroom theory and general knowledge of dissertation on the topic of pricing and competition in the Guest speaker current economic issues. trans-Tasman air travel market. For her role at Air New Rae Rho Zealand, Rae uses revenue management strategies such as This year 2526 students from 84 schools throughout New dynamic pricing and price discrimination to optimise Air Senior Market Analyst Zealand entered the Competition. Tonight is an opportunity NZ’s passenger revenue. She also monitors competitor Air New Zealand to recognise some of the students who have achieved activities and market responses to supply changes, and uses outstanding performances. data analytics to forecast flight demand and manage inventory. Presentation of trophies and We also wish to express our gratitude to the teachers and principals, without whose contribution the Competition awards would not be possible. National winners The 2016 New Zealand Economics Competition is sponsored by The University of Auckland Business School and is aimed Closing not only at providing motivation to secondary school students to study economics, but also encouraging the pursuit of tertiary studies in economics. Please join us in the Level 1 Foyer of the Owen G Glenn For more information about the New Zealand Economics Building for discussion and Competition, visit our website at: refreshments following the www.business.auckland.ac.nz/nzeconcomp awards ceremony.

Events at the University of Auckland Business School may be photographed or filmed for educational purposes. Where a photograph or film/video footage featuring an individual is to be used for promotional materials, the consent of the individual will be obtained. Consents will not be sought in other circumstances.

2 3 Department of Economics staff

Professor Prasanna Gai Dr Steffen Lippert BEcon(Hons) ANU , MPhil DPhil Oxf Dipl.-Volkswirt Mannheim, PhD Toulouse, Mannheim Professor of Macroeconomics and Acting Head of Department of Economics at the Senior Lecturer, Deputy Head of Department, Department of Economics and Director University of Auckland of the Centre for Applied Research in Economics (CARE) at the University of Auckland

Prasanna Gai is Acting Head of Department and Professor of Macroeconomics at the Steffen Lippert studied economics at Mannheim, Berkeley, and Toulouse. He received his University of Auckland. His work applies ideas from network and game theory to undergraduate degree in economics from the University of Mannheim (Germany) and a understand the causes and consequences of financial crises. Prasanna has been invited by PhD in economics awarded jointly by the Toulouse School of Economics(France) and the ECB President Mario Draghi to serve a four-year term on the Advisory Scientific Committee University of Mannheim(Germany). of the European Systemic Risk Board (2016-19). He was elected a Visiting Fellow of All Souls College, University of Oxford (2014-15), and was Special Adviser to Governor Mark His working experience includes teaching and research in France, Sweden and New Carney at the Bank of Canada (2010-11). Zealand. He has published in refereed journals, such as Games and Economic Behavior, The Journal of Health Economics, The Journal of Industrial Economics and Economic Prior to his appointment at the University of Auckland, Prasanna was Professor of Theory. His research has focused on industrial economics and contract theory with Economics at the Australian National University (2008-10). He was Senior Adviser at the applications to telecommunications, innovation, patenting and market entry. Bank of England from 1994-2007, heading up its financial stability research between 2003-2007 and serving as editor of its Financial Stability Report. While at the Bank of England and Bank of Canada, Prasanna spear-headed the development of models to stress-test the financial systems of both countries. He was invited by Governor Allan Dr Asha Sundaram Bollard to conduct a formal review of the monetary policy at the Reserve Bank of New BA Mumbai, MPhil Oxf., MA PhD Syracuse Zealand in 2011 and has recently completed a review of New Zealand’s macro-prudential Senior Lecturer, Department of Economics, University of Auckland framework on behalf of the NZ Treasury. Asha Sundaram is Senior Lecturer at the Department of Economics, University of Auckland. Prior to this, she was a senior lecturer at the School of Economics, University of Cape Town, South Africa. She has a MPhil in Economics from Oxford University and a PhD from Syracuse University, New York. Her research spans the areas of international trade and development economics. Her work has been published in top field journals and general- interest journals like the Journal of International Economics and the Oxford Bulletin of Economics and Statistics, in books published by Oxford University Press and in the research-based policy analysis portal VoxEU. She has consulted for the World Bank and the Peterson Institute of International Economics, both in Washington DC and for the Asian Development Bank in Manila.

4 5 New Zealand Economics Competition 2017 Merit List

HIGH DISTINCTION Awards Year Keith Anderson 12 Liam Haughey Hamilton Boys’ High School 13 Luka Borich St Peter’s College (Auckland) 13 Denley Heasman Hamilton Boys’ High School 12 Andrey Borro 13 Quinn Hendry Glendowie College 13 Lachlan Broadhurst ACG Parnell College 12 Kawaguchi Hidema Secondary College 12 Aiden Burgess 12 Alexander Hill Botany Downs Secondary College 12 Jackson Cate Hamilton Boys’ High School 12 Tiffany Ho 11 Roni Chapman Auckland Grammar School 12 Baxter Holgate-Simpson Westlake Boys High School 13 Simon Chen Auckland Grammar School 13 Chenchen Huang Hutt Valley High School 13 Alex Chen Hamilton Boys’ High School 12 Eric Huang Westlake Boys High School 13 Sophia Chen 12 Jessica Iggo Wellington East Girls’ College 13 Charlotte Colyer Pukekohe High School 12 George Jensen Auckland Grammar School 13 Theo Coutolleau Hamilton Boys’ High School 13 Baxter Kane St Peter’s School (Cambridge) 12 Qi Deng Macleans College 12 Donovan Kelso Glendowie College 13 Michael Derevianko Auckland Grammar School 12 Anubhav Khanna Auckland Grammar School 13 Qiyu Ding Westlake Boys High School 12 Hajin Kim 12 Angus Eason Pukekohe High School 12 Yoonseo Ko Auckland International College 11 Matthew Edwards Glendowie College 12 Noah Kohlhase St Peter’s College (Auckland) 12 Michael Elston St Peter’s College (Auckland) 13 Robin Kunwar Rongotai College 10 Flora Fan Diocesan School for Girls 12 Ryan La 13 Andrew Fleming James Hargest College 12 Justin Larking Kapiti College 13 Helen Fong Pukekohe High School 12 Jamie Lee St Peter’s College (Auckland) 12 Daniel Foster ACG Parnell College 13 Frank Leng Glendowie College 13 Raiden Frederiksens Auckland Grammar School 12 Jacob Lerner Auckland Grammar school 13 Shaun Gallagher St Peter’s College (Auckland) 13 Siyuan Li Hamilton Boys’ High School 13 Marcus Gerbich Pais King’s College, Auckland 13 David Lin ACG Parnell College 12 Oliver Goldsmith Auckland Grammar School 12 Kevin Lin Auckland Grammar School 12 Nicholas Goodman Hamilton Boys’ High School 12 Sue Liu Macleans College 13 Ning Guan Botany Downs Secondary College 13 Hannah Longuet-Higgins Wentworth College 12 Olivia Guo Auckland International College 12 Joshua Looker 13 Daniel Hanna Hastings Boys’ High School 12 Bryner Lum Macleans College 13

6 7 Sameer Mandhan Hamilton Boys’ High School 12 Zayne Teo Auckland Grammar School 12 Robbie Maris Tauranga Boys’ College 12 Madeline Thompson Tauranga Girls’ College 12 Jamie Martini-Tibbs Saint Kentigern College 13 Jack Thomson St Peter’s College (Auckland) 12 Nick McLaughlin Kapiti College 12 Anh Tuan Tran Auckland International College 12 Callum Miers Pukekohe High School 12 Michael Trifunovich Westlake Boys High School 12 Liam Miles Botany Downs Secondary College 12 Anna Tskhakaya Auckland International College 12 Vignesh Nair St Peter’s College (Auckland) 13 Nick Tuckey James Hargest College 12 Liam Netto St Peter’s College (Auckland) 13 Timothy Tuckey James Hargest College 13 Mackenzie O’Brien Westlake Boys High School 12 Luke van Gog St Peter’s School (Cambridge) 13 Seth O’Connor St Peter’s College (Auckland) 13 Andrey Volkov ACG Parnell College 13 Evan Oijordsbakken Onslow College 13 Jack Wellwood Hutt Valley High School 13 Kelvin Oosten Hamilton Boys’ High School 13 Ansel Wong Macleans College 13 Gabriel Pan Hillcrest High School 13 Tianyuan Wu Auckland Grammar School 12 Shyam Prasad-Jones St Peter’s College (Auckland) 13 Shine Wu Newlands College 12 Hirzi Putra-Laksana Botany Downs Secondary College 13 Rodger Yang Auckland Grammar School 12 Felicity Qin 13 Emily Yang Macleans College 13 Yatin Ramesh Auckland Grammar School 12 Bill Yang Saint Kentigern College 13 Saam Rashidmardani Onslow College 12 Wenxu Yao Westlake Boys High School 13 Richard Ren Avondale College 13 Patrick Ye Saint Kentigern College 13 Cole Reyno 13 Yuji Zou Diocesan School for Girls 12 Nikita Roumiantsev ACG Parnell College 12 Yang Fan Yun Macleans College 13 Mark Seddon Westlake Boys High School 12 Judd Zhan Macleans College 13 Liam Silverwood Napier Boys’ High School 13 Jessie Zhang Epsom Girls’ Grammar School 13 Tyrell Snelling Westlake Boys High School 12 Jason Zheng Auckland Grammar School 12 Michael Song Glendowie College 12 Jessica Zhou Diocesan School for Girls 12 Daniel Stokes Hillcrest High School 12 Ziyan Zhu Auckland Grammar School 12 Conor Sutherland Auckland Grammar School 12 Alex Tam Onslow College 13 Brendan Tancredi James Hargest College 13 Joshua Taylor Glendowie College 12 Christoph ten Houte de Lange Hamilton Boys’ High School 12

8 9 New Zealand Economics Competition 2017 Merit List Congratulations on your excellent performance

HIGH DISTINCTION - $100 Prize Thank you all for attending the 2017 New Zealand Economics Competition Awards ceremony. Benjamin McIntosh St Peter’s College (Auckland) 12 It has been our pleasure to acknowledge the students’ outstanding performance. We look forward to meeting and talking with you after the presentations. Andrew Donovan Napier Boys’ High School 13 Joshua Laloli St Peter’s College (Auckland) 13 Thomas Parsons St Peter’s College (Auckland) 13 Please take the opportunity to talk with some of William Robertson Hamilton Boys’ High School 13 the students from our economics club on campus: MADE (Make a Difference with Economics). The aim of MADE is to supplement academic studies with real world engagement. HIGH DISTINCTION - $200 Prize The students learn how economics can empower communities and influence policy. Tuan Khai Nguyen Auckland International College 12 You can identify the MADE students by the logo Nhu Ngoc Nguyen Auckland International College 12 on their name badges. Alexander Hawkes Aquinas College, Tauranga 13 Andrew Tang Scots College 13

Photographer The photographer is available and very happy to take group and individual photos. HIGH DISTINCTION - $300 Prize Lewis Hubbard Tauranga Boys’ College 13 Photos will be uploaded to the Department of Economics, University of Auckland Facebook page www.facebook.com/Economics.UofA after the function and electronic copies will be available at no cost.

National Winners - $400 Prize and Trophy Year Division Two Chuanye Chen Auckland International College 12 Division One Blake Elliott Tauranga Boys’ College 13 Isaac Heron Te Aho o Te Kura Pounamu 13

10 11 Owen G Glenn Building 12 Grafton Road, Auckland Phone: 923 7186 (within Auckland) Phone: 0800 61 62 63 (outside Auckland) Email: [email protected]

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