In its first edition of the academic year, the Econobethan celebrates four remarkable Black women – an astronaut, economist, businesswoman and MP – while also looking at the legacy of slavery in the US.
The special section devoted to Black History Month is followed by articles on Economics – including a look at the economic impact of AI – and Politics – where pupils express some forthright views on Prime Minister Rishi Sunak’s recent easing of green commitments.
The Econobethan is a pupil-run magazine from the Economics department. This fifteenth edition is the swansong for Year 13 editors Aditya Kute, Nishanth Bhasuru, Aston Daniel and Avinash Srivastava.
Economics teacher Celia Wallace said: “My thanks go to Aditya and his team for a strong edition and an excellent year.”
In their introductory editors’ note, the four-strong team write: “A topic that remains a staple within our publication is the contribution of people of colour to economics. Therefore, in commemoration of the 36th Black History Month, we have allocated a dedicated section to enhance comprehension of black history as a whole.”
In the first article, entitled Black History Month 2023 — Saluting Our Sisters, Aditya profiles three women:
- Jessica Watkins, who in April 2022 became the first Black woman to complete a long-term mission on the International Space Station
- Rosalind Brewer, who was appointed as CEO of US pharmacy store chain Walgreens in March 2021, thus becoming only the third Black woman ever to lead a Fortune 500 company on a non-interim basis
- Chi Onwurah, Labour MP for Newcastle upon Tyne Central, who entered politics after a high-flying career in the technology and telecommunications sector.
Nishanth’s article on Sadie T M Alexander, a pioneering 20th-century African American economist and civil rights activist, is followed by Aston’s exploration of How Slavery’s Economic Echo Shapes America Today and Avinash’s look at contemporary Black economist William Darity.
The Economics section featured Year 13 pupil Soumil Sahjpall’s consideration of cryptocurrencies and whether they are being manipulated. He urged that investors should exercise caution and diversify their portfolios, stating that “whether in cryptocurrencies or traditional investments, the game is the same…The house may not always win, but it possesses significant advantages.”
The section featured two articles on AI – Year 12 boy Akheel Kale’s exploration of whether it will reshape the labour market, and Zaki Mustafa and his fellow Year 12 pupil Uday Dash’s examination of the economic impacts of adopting AI.
Akheel also delved into Economics theory, along with Year 12 pupil Shreyaas Sandeep. Shreyaas explored Game Theory and the Nash Equilibrium, while Akheel’s topic was Neuroeconomics: Better than Behavioural Economics? Tejas Banal, of Year 12, asked Are the High Wages for Top-Tier Sportspeople Justified?
In the Politics section – described by the editors as “robust” – Saim Khan, of Year 12, thought through the question Would Democracies be Better Off Without Political Parties? and concluded with a resounding negative.
The final three articles all had environmental matters in mind. Shyam Jayabal, of Year 13, asked whether the Bank of England’s remit should be updated to address climate change challenges. Saim had the Prime Minister in his sights with his piece entitled Rishi’s Reckless Reversal on Green Commitments. And Year 12’s Dheeraj Karnati homed in on a specific item of Government policy – the recent delaying of the ban on the sale of petrol and diesel cars from 2030 to 2035 – with his piece, An In-Depth Analysis of the UK’s Trade Policies in the EV [Electric Vehicle] Market, in which he outlined the “worrying” situation in which “the Government unintentionally forced domestic car manufacturers to essentially subsidise their Chinese competitors whilst these competitors turn their attention to the UK and flood the market with their cheaper cars”.
The festival featured academic tutorials and a lecture from Old Elizabethans, board games, a quiz, a meeting of QE’s Gresham Society for Economics and a special edition of the department’s periodical, 
Head of Economics Shamendra Uduwawala said: “Our events had huge turnouts and the festival may be regarded as a great success. I am grateful to everyone who contributed. The boys enjoyed the board games, the quiz and our visiting speakers, while our senior students have once again raised the bar with the festival edition of The Econobethan, which includes some really spectacular work.”
Another highlight was a talk by economist and academic Sandeep Mazumder (OE 1993–2000), who is Dean of Hankamer School of Business at Baylor University, Texas.
He wrote: “As my predecessor, Dr John Marincowitz (Headmaster 1999-2011), explained at this year’s Senior Awards Ceremony, when discussing his new published history of the School, the fortunes of the School have repeatedly been shaped by the political, economic and social context of the time. He emphasised that much of the interest in the development of Queen Elizabeth’s, and its multiple reinventions over the centuries, can be found in considering not just the ‘what’, but in the ‘how’ and the ‘why’.
“The theme of Black history is timely: through the launch of our long-term vision for a broad, diverse and inclusive curriculum, we seek to build on the very thoughtful work that has already been done at the School, ensuring that our pupils are well-equipped to thrive in our diverse, modern world.”
Aston Daniel looks in more detail at the work of Sir Arthur, while a piece from Avinash is entitled How Does Systemic Racism Continue to Impact Economic Outcomes for African Americans? and Keith Correia writes on How was the war on drugs in the US used as a segregation tool?
The events, which are part of QE’s partnerships work with the local community, are aimed at giving Year 5 girls and boys an early taste of secondary school education.
The first of the three days was the ever-popular Primary Forensics Workshop. The visitors were tasked with completing a number of experiments and analyses to work out who had murdered the Headmaster!
Boys from Year 12 helped staff run this workshop, engaging with the children at each station.
Firstly, teams were given the challenge of designing a castle on paper. They had to base their design on a certain set of criteria and follow a budget, requiring them to decide which features they wanted to prioritise.
There was then a Sustainability Challenge run jointly by Geography and Economics. The children had to work in groups and devise a sustainable product. They designed their product, chose a logo and decided on their target market. Then each group presented to the other children in attendance. Among the ideas generated were: a mobile phone where the case is a solar panel and charges the phone, and a ‘plastic’ bottle where the bottle itself is biodegradable.