A team of five Year 12 QE economists was the only one to turn a profit in an auction at a prestigious conference attended by over 200 delegates from a number of leading schools.
More than 30 QE boys attended the Economics Conference at Woodhouse College in North Finchley, which aimed to offer pupils a unique opportunity to hear directly from academics, researchers and policymakers.
The event was jointly organised by the college and the National Institute of Economic and Social Research (NIESR); it was supported by supported by blue-chip organisations including The Bank of England, The Royal Economics Society, The Government Economics Service and several top universities.
QE’s Head of Economics Shamendra Uduwawala said: “This type of event not only allows our boys to hear directly from both leading academics and those who shape policy, but it also enables them to mix with their peers from other schools. There is no doubt that a conference such as this exposes boys to high-level thinking while reinforcing what they have been learning in the classroom.”
Professor Jagjit Chadha, the Director of NIESR and a Fellow of Clare College, Cambridge, delivered a truncated version of his recent Brexit talk to the Commons Select Committee on Brexit.
QE pupil Rishi Shah, one of the joint Presidents of the School’s Economics Society said: “For me, this talk was the highlight of the day; it was about forecasting and the role it plays in predicting the outcomes of Brexit. Professor Chadha used the metaphor of rolling a dice to show how forecasts can be rational, accurate yet wrong. He gave an insight into the work that NIESR conducts in forecasting and mapping out the likely outcomes of Brexit and the rationale behind the effects of business uncertainty.”
In her lecture, Financial Stability: a fine balancing act, Dr Rhiannon Sowerbutts described her role at the Bank of England as a Senior Economist and advisor to the Financial Policy Committee. 
She spoke about the importance of identifying potential risks to financial stability, such as household debt rising faster than incomes.
Dr Babak Somekh, from the University of Bristol. led an auction activity in the afternoon, involving food items. The delegates were split into teams of five. Year 12 pupil Hanif Gofur, who is the other joint President of QE’s Economics Society said: “We didn’t know in advance which food item would be auctioned next, so all the teams were kept on their toes. The atmosphere became electrified and chaotic as bids between schools intensified – often beyond the bounds of rationality.” Hanif and his QE teammates held their nerve and turned a healthy £250 profit on their £2,500 budget – the only team to make a profit.
Sarah Billingham, an Assistant Economist at the Department for Business, Energy and Industrial Strategy, promoted a new Degree Apprenticeship offered by the Government Economics Service in her lecture, How can economists influence policy? She suggested to delegates that this programme could be a good option for aspiring economists aiming for a higher education qualification who wished to avoid student debt and the loss of three to four years of potential earnings.
The day was concluded by Dr Lea Samek, of Kings College London, and Dr Michela Vecchi, of the University of Middlesex, who respectively looked at the UK’s productivity performance since the financial crash of 2008 and the impact of automation on the UK labour market.
Rishi said: “Overall, it was a phenomenal experience to hear from many different renowned speakers and it most definitely piqued my interest in Economics.”
In addition to delegates from QE and the hosts, Woodhouse College, there were pupils from Dame Alice Owen’s School, Highgate Wood School, The Camden School for Girls and Fortismere.
The teams are aiming to build on the School’s success last year, when QE junior boys competing in the parallel VEX IQ competition not only reached the World Championships in the USA but were crowned the UK’s first-ever world champions. A VEX EDR team from QE also qualified for the World Championships, where they achieved the best-ever result for a UK team.
Cobra, a new team comprising Year 12 boys competing in their first-ever VEX EDR event, have also qualified for the nationals, which take place in Telford in March. They performed strongly throughout the round held at St Olave’s Grammar School in Orpington, where they finished third in the Skills Challenge. And in the next round, at The Henrietta Barnett School, they successfully reached both the knockout stage and the final, where they lost by a mere three points.
lost out to the team which went on to win the round. Apex also performed strongly at HBS: like Cobra, they reached the knockout stages, where once again they were eliminated by the eventual overall winners.
s are required to collaborate, as well as compete against others.
“Bhiramah is a worthy recipient of this honour, as is made clear by a recent School report which described him in these words: ‘One of the most affable, decent young men that one could care to meet or teach; he marries his many innate talents with a determined industry, the combination of which allows him to be successful in all facets of his School life.’”
“We took stock of our collection and wanted to add some new books, especially for our newest School members,” said Ciara Murray. “We asked parents to contribute by purchasing a book from our Amazon wishlist, and the response has been incredible! Our warmest thanks to all who have kindly donated so far.”
Throughout the term, all the Year 7 pupils received their inductions, during which they learned to use the catalogue and had a chance to explore the library. Many make use of their daily three-book borrowing allowance and can often be seen reading in the library at lunchtime.
The Service of Nine Lessons & Carols at Chipping Barnet Parish featured Christmas music spanning the centuries. Boys and staff raised money for local charities seeking to help the disadvantaged. And the penultimate day of term brought the ever-popular full Christmas lunch in the Dining Hall.
The ‘nine lessons’ (Bible readings) were read by a boy from each year, including School Captain Aashish Khimasia, and by staff, culminating in the Headmaster’s traditional Christmas contribution from the opening chapter of St John’s Gospel.
While charity work takes place throughout the year at QE, a special effort is made at Christmas, the traditional season of goodwill. This year, there was a collection for the local food bank and for a local homelessness charity. Boys and members of staff contributed over a week-long period, and a large volume of donations was made.