Download Euro Challenge: Competition Overview - Miami

Euro Challenge:
Competition Overview
Presentation by Nigel Nagarajan
Student Orientation – 2009 Euro Challenge
Miami-Florida European Union Center of Excellence
January 22nd, 2009
Amy Medearis, Senior Economist
Delegation of the European Commission to the United States
Slide 1
In a nutshell
Amy Medearis, Senior Economist
Delegation of the European Commission to the United States
Slide 2
The Euro Challenge in a nutshell
• Promotes transatlantic (EU-US) relations
• Exposes students to global economics (“economics light”)
• Website with forum, educational videos, learning resources
• Judges recruited from Federal Reserve banks, EU
Embassies, IMF, investment banks, financial journalists
• Chance to compete against teams from different parts of the
US; Semi-finalists travel to NYC; Top teams to DC
• Partner organizations: Moody’s Foundation, Federal
Reserve Banks (NY, Boston, Chicago, Atlanta-Miami), EU
Centers of Excellence at US universities, financial
companies
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 3
The competition in a nutshell
• One team per school
• Up to 5 students per team (not including alternates)
• Students must be in 9-10th grade
• Students generally do not have prior exposure to economics
(Mainly global or European studies, world history, etc.)
• 15-minute presentation + 10-minute Q&A
• Format: your choice (PowerPoint)
• 2009 competition will feature 70 to 80 schools nationally:
– {NY, NJ, CT}, {NC}
– {FL}, {MA}, {PA}, {IL, IN}, {MI}
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 4
Three-part
Challenge Question
Amy Medearis, Senior Economist
Delegation of the European Commission to the United States
Slide 5
Euro Challenge 2009
Part I
Describe the current economic
situation in the “euro area”
(the economic region consisting of the 16 EU
Member States that have adopted the euro).
Focus on:
• GDP growth
• Inflation
• Unemployment
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 6
Euro Challenge 2009
Part II
Select one economicrelated challenge
confronting the euro
area as a whole (from
list), and pick one of the
16 euro area Member
States to illustrate that
challenge.
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 7
Ten Challenges: Choose One
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Slow growth
High unemployment
Inflation
Adapting to technological change (raising
productivity)
Globalization (including immigration)
Aging (including health care)
Living with a single monetary policy
Sustaining the social system (welfare
state)
Coping with a housing market slowdown
High government deficits and debt
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 8
Euro Challenge 2009
Part III
Recommend a policy or
policies for addressing the
challenge you identified in
the country you selected.
(Be sure to include in your
recommendation a discussion of
how having a single currency may or
may not affect the policy choices for
addressing the challenge.)
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 9
Scoring, Prizes,
Timeline
Amy Medearis, Senior Economist
Delegation of the European Commission to the United States
Slide 10
Scoring
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Knowledge about the EU, euro, and related
economic concepts
Responses to judges’ questions
Quality of presentation
Depth of research and analysis
Teamwork and cooperation
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 11
Prizes/ Awards
Cash prizes for top 5
winning teams (from
$250 to $1,250* per
student)
• Trip to DC for top 2
winning teams
• Recognition and
awards reception in
NYC for all semi-final
teams
• Certificates for all
participating students
•
*Actual prize amounts may vary
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 12
Tentative Time Line for Florida Teams
Student Orientation – January 22, 2009
EU Center, Florida International University
Regional Preliminary Round – March-April, 2009
EU Center, Florida International University
Semi-finals AM / Finals PM – April 29, 2009
(followed by reception at Moody’s for all semi-finalists)
Federal Reserve Bank of New York
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 13
Resources
Amy Medearis, Senior Economist
Delegation of the European Commission to the United States
Slide 14
Primary Resources for You
Our website:
www.euro-challenge.org
• Open FORUM for teachers and students to engage in
dialogue, ask questions, share research
• Teachers have access to separate teachers-only forum
• Website contains educational videos & presentations,
and links to useful articles & other learning resources
Please register today at:
www.euro-challenge.org/forum
Amy Medearis, Senior Economist, Economic and Financial Affairs Section
Delegation of the European Commission to the United States
Slide 15