YES! Teams 2018

Georg-Büchner-Gymnasium Berlin I (2018)

Photo: (c) YES!/Laura Bickel

The team selected this topic

Sense and Nonsense of Economic Forecasts: Motivation and Methods for Macroeconomic Forecasts (2018)

Economic forecasts do not necessarily have the best reputation in public. Nobody genuinely understands what they are about, and at the same time, they are prone to error in many people’s eyes. In the course of this challenge, we want to learn the sense – and nonsense – of economic forecasts and develop methods to improve them. Could we use, for example, indications in social media that relate to economic trends? Alternatively, do we need different indicators to provide better forecasts for growth, unemployment rates, and inflation? Moreover, above all, what makes a forecast a useful forecast? Which institutions publish economic forecasts regularly – both in Germany and worldwide? How do these forecasts differ and why are there these differences? What are the main elements of economic forecasts? Which economic parameters must be included? Which methods to forecast an economic development can be differentiated? For which purpose do researchers use these methods respectively?

The Team

Hello everybody!

We are the YES! team for the Georg-Büchner-Gymnasium and we would like to introduce ourselves to you.

Before we come to us personally, we would like to briefly introduce our school:

The Georg-Büchner-Gymnasium is a school with around 600 people in Lichtenrade, the very south of Berlin.

We have a bilingual profile, which means that 8th and 9th grade geography and history lessons are given in English and during the A-levels, a lot of students decide to take Englisch in political science. English is basically our second working language, which we can also prove in extracurricular activities such as debating. There we take a closer look and discuss current political and social topics controversially in English. We practice ourselves in repartee, structures of argumentation, persuasiveness and form splendid teams.

Our school takes part in “Schule ohne Rassismus – Schule ohne Courage”. We are proud to have students that are taught to be tolerant towards other ethnicities, sexual orientations, religions and in general tolerant towards all human beings.

As you can see, political and economic topics have a high priority at our school and now we students want to participate in this project and express our opinion because we are a school with courage and want to make a contribution to society. We are curious, inquisitive, open and want to expand and present our knowledge through new topics and new information.

We are Melisa Basdere, Nikolai Hansch, Alexandru Zabolotnic, Yussef Hussain and Noah Triller, a team which features 5 different cultures as we have our roots in Iraq, Turkey, Moldavia, Russia and Germany, and holds male, female and transgender members. Yussef and Melisa are the head boy and the head girl of our school and always show an incredibly large amount of dedication and commitment to our school.

We are all very interested in economics and politics and are always open for new experiences.

That’s why we were interested from the start when our supervising teacher Mr. Seibel told us about YES!. When we read the different topics we were able to choose, not only one appealed to us at first, but we are very happy with our topic „Sense and Nonsense of Economic Forecasts: Motivation and Methods for Macroeconomic Forecasts“ now. We think that it offers a lot for us to learn and work on and we are really excited for what is to come.