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2024
SoT Economics Essay Contest
Topic
Artificial Intelligence and Income Distribution: Does the continuous evolution of AI exacerbate or reduce income inequality among people?
Students are asked to write an essay (up to 1,500 words) to address the following four points:
Discuss how the continuous evolution of AI exacerbates or reduces income inequality among people.
- Delve into how AI influences distinct groups of people in different ways. Empirical evidence and case studies are both recommended.
- Cite a historical instance to substantiate your viewpoint – whether the apprehension surrounding technological evolution is overstated or if it genuinely leads to unemployment.
- If you need to prove your argument, design one research setting that can help find evidence to substantiate your argument.
- If AI indeed triggers joblessness, discuss one approach, grounded in economic theory, that could potentially address this systemic issue.
Submissions must:
- Address the essay prompts provided above
- The work must be written in English
- The work must be completed individually, not in teams or groups
- Include citations from credible, peer-reviewed sources
- Plagiarism is prohibited. Essays will be submitted to Turnitin.com before awards are decided and essays with evidence of plagiarism will be eliminated from the competition
Submission format requirements:
- Times New Roman, 12-point type, double-spaced
- Include the title, author information on the cover page, and an abstract of no more than 250 words.
- In-text citation in APA format and a references list. For more information, please consult the Publication Manual of the American Psychological Association (7th ed.).
- MS Word Format Only
Eligibility and Rules
Entry Requirements
Entry is open to students from any country and any school. Candidates must be 18 years old, or younger, on the date of the submission deadline.
Key Dates
Submission start date - 1st July, 2024
Submission deadline - 1st, September, 2024
Award Announcement - 15th, October, 2024
Entry fee
30 USD / 200 RMB. All income will be used for project operations and other non-profit activities.
Awards
The first Prize is 100 USD / 700 RMBThe second Prize is 50 USD / 350 RMB
The Third Prize is 30 USD / 200RMB
Honorable Mention
Scoring Rubric
Formatting and Language
An essay of no more than 1,500 words (Cover page, abstract, and reference page do not count toward the word limit)
- A cover page specifying the title and author information.
- An abstract of 120-250 words.
- In-text citations in correct APA format.
- A reference page in the correct APA format.
- Free of grammar mistakes
Content
Accurately identify and describe the origin and current situation of the problem
Provide a Coherent and consistent line of reasoning
Use at least one specific concept in Economics to support your point
Accurately and discuss one way to inform a solution to this problem.
Academic Committee
Peter J. Montiel
Dr. Peter J. Montiel is an economist known for his contributions to the field of development economics, particularly regarding macroeconomic policy and finance in developing countries. He is the Farleigh S. Dickinson Jr. ’41 Professor of Economics at Williams College, where he has been a faculty member since 1991.
Dr. Peter J. Montiel obtained his Ph.D. in Economics from MIT and has worked with several international organizations, including the International Monetary Fund (IMF) and the World Bank, contributing his expertise to various projects and research in economic development.
Zuo Xuejing
Dr. Xuejing Zuo Graduated in 2018 with a Ph.D. in Economics from the University of Houston. Currently an Associate Professor and Master's Supervisor at the School of Economics, Fudan University, selected for the university-level talent program. Principal investigator of a project funded by the National Natural Science Foundation of China and involved in major national research projects. The main research areas are experimental economics and labor economics, with over 8 years of field experiment experience. Research papers published in top-tier and authoritative international journals such as Proceedings of the National Academy of Sciences, Review of Economics and Statistics, and The Journal of Economic Behavior and Organization.
Liu Yu
Professor Liu Yu graduated with a double major in Mathematics and Economics from the Experimental Class on Mathematical Economics at Wuhan University in 2007. He completed his master's degree at the Hong Kong University of Science and Technology in 2008 and earned his Ph.D. in Economics from Yale University in 2014. His current research focuses on the impact of tax systems on business growth and the allocation of resources across firms. He teaches three courses at Fudan University: Development Economics, China and Globalization, and the Chinese Tax System.
Jere R. Behrman
Professor Behrman from the University of Pennsylvania is a leading international researcher in empirical microeconomics, with an emphasis on developing economies. His research interests include empirical microeconomics, labor economics, human resources, project evaluation, economic demography, incentive systems, and household behaviors.
He has published over 480 professional articles (primarily in leading general and field economic journals, but also in leading demographic, sociology, public health, nutritional, and biomedical journals) and 35 books. He has been a researcher with the World Bank, Asian Development Bank, Inter-American Development Bank, United Nations Development Program, UNICEF, other international organizations, and various governments.
Resources & References
Here are some reference materials, feel free to use additional ones.
Articles
Research Paper
Artificial Intelligence Meets Mental Health Therapy
Artificial Intelligence Meets Mental Health Therapy
Cathie Wood | TED
2024 Economics Essay
Contest SubmitAny Questions?
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