2  To help on the supply side the Bank has developed an education outreach strategy with three components: 1. econoME: which includes free lesson plans and supporting materials for teachers to use in their classrooms; 2. Bank Ambassadors: colleagues below the director level at the Bank who volunteer to visit schools across the country to explain the Bank of England’s role; and 3. School visits by senior Bank and policy committee members: to spark young people’s interest in economics and to inspire them to pursue a career in related fields. Let me say a bit more about why we are doing this. 1  May 2017 survey conducted by ING and the Economics Network, available at: https://www.economicsnetwork.ac.uk/research/understandingecon 2 See Haldane, A “Everyday Economics”, Birmingham 2017 2  All speeches are available online at www.bankofengland.co.uk/speeches  2  The first objective is to help young people understand the economy and to make better informed personal financial decisions. The econoME lessons are designed for 11-16 year olds and cover: -  The economic factors that influence personal decisions;  -  How to make informed decisions; and  -  How such decisions collectively influence the economy. An array of econoME resources, designed in close collaboration with teachers and education specialists, support these classes. The materials include lesson plans, presentations, videos, activities and real life case studies. And they can be used by non-specialists with no prior economics training.

3  Part of the problem is that because of its unfamiliarity, economics can seem unappealing. The Royal Economics Society suggests people’s lack of enthusiasm for the dismal science is based on a narrow (and dry) perception of the subject and its masters. 4  As you might expect, I disagree. And so do most students, once we meet them. They are usually surprised by the breadth of topics that economists consider. For example, colleagues are currently working on issues such as the impact of Artificial Intelligence on the future of work, the role of the financial system in combatting climate change, and the value of diversity in decision making .A quick visit to our Bank Underground blog will reveal articles on the impact of mental health, crypto currencies and driverless cars on jobs, growth, inflation and wellbeing. A more disturbing impediment to the study of economics is the imposter syndrome. There is a perception that economics is “not for people like me” not least because the profession lacks diverse role models. And this challenge is reinforced by the limited opportunities available for students to study economics. 3  Joint Council for Qualifications, 2017 GCSE and A-Level results, available at: https://www.jcq.org.uk/examinationresults/gcses/2017/gcse-full-course-results-summer-2017/gcse-full-course-results-summer-2017 and Joint Council of Qualifications, 2017 A-level results, available at: https://www.jcq.org.uk/examination-results/a-levels/2017/main-results-tables/a-as-and-aea-resultssummer-2017 4 Royal Economic Society Newsletter, issue 180, January 2018 4  All speeches are available online at www.bankofengland.co.uk/speeches  4  As a consequence, the economics profession is not as diverse as it should be.