1. Presentation by Christine I. Caly-Sanchez Assistant Director Miami-Florida European Union Center of Excellence, FIU Thursday, May 20 th, 2010

2. Overview An exciting opportunity to learn about: The European Union (EU) The Euro and The “Euro Area” Economic Concepts and Challenges The Global Economy Christine I. Caly-Sanchez, MEUCE – 05/20/10

3. Together the EU and the United States represent nearly 60% of global GDP Why study the European economy? Europe is the most important trade and investment partner for the U.S. The EU and U.S. face many common challenges relating to the global economy Christine I. Caly-Sanchez, MEUCE – 05/20/10

4. Euro Challenge Goals Increase student’s knowledge and understanding of the European Union and the euro Promote an understanding of economic challenges facing European Union member nations Support local learning standards related to global studies and economics Foster economic and financial literacy and understanding of economic policy issues Develop communication, critical thinking and cooperative skills Christine I. Caly-Sanchez, MEUCE – 05/20/10

5. ● Recruiter: MEUCE-FIU – 4 th Year ● The 2011 competition has been extended to Broward, Palm Beach County, and St. Lucie. ● Among ten Miami-Dade High Schools, 3 won in Florida and went to NY in 2010 ► Coral Reef Senior High School ► G. Holmes Braddock Senior High School ► Miami Palmetto Senior High School Overview Christine I. Caly-Sanchez, MEUCE – 05/20/10

6. The 3 Winners 2010 in Florida Coral Reef Senior HS G. Holmes Braddock HS Miami Palmetto Senior HS Christine I. Caly-Sanchez, MEUCE – 05/20/10

7. Participating High School 2010 Coral Reef Senior HS Fort Pierce Westwood HS G. Holmes Braddock HS Hialeah Garden HS International Studies Charter HS Marine & Oceanography Academy HS Miami Central Senior HS Miami Palmetto Senior HS North Miami Senior HS Olympic Heights Community HS 2010 Christine I. Caly-Sanchez, MEUCE – 05/20/10

8. Overview Teams of 3-5 students (not included alternates) 9-10 grade  Students generally do not have prior exposure to economics (Mainly global or European studies, world history, world geography, etc.) 1 team per school Presentation: 15 minutes + 10 min. Q & A Format: your choice (PowerPoint) Christine I. Caly-Sanchez, MEUCE – 05/20/10

9. Three-part Challenge Question Christine I. Caly-Sanchez, MEUCE – 05/20/10

10. Describe the current economic situation in the euro area (the economic region consisting of the 16 EU member countries who have adopted the euro). Euro Challenge Part I Christine I. Caly-Sanchez, MEUCE – 05/20/10

11. Select one economic-related challenge confronting the euro area as a whole, and pick one of the 16 member countries of the euro area to illustrate that challenge. Euro Challenge Part II Christine I. Caly-Sanchez, MEUCE – 05/20/10

12. Sixteen Euro Area Countries Choose One The challenge should be illustrated in one of the 16 member countries of the euro area: - Austria - Belgium - Cyprus - Finland - France - Germany - Greece - Ireland - Italy - Luxembourg - Malta -The Netherlands - Portugal - Slovakia - Slovenia - Spain Christine I. Caly-Sanchez, MEUCE – 05/20/10

13. 10 Challenges: Choose One Slow growth High unemployment Inflation Adapting to technological change (raising productivity) Globalization (including immigration) Ageing (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 Christine I. Caly-Sanchez, MEUCE – 05/20/10

14. 2008 Challenges Chosen in Florida COUNTRYCHALLENGE France -Ageing -Unemployment Italy -Slow growth -Issue of the Debt Relief -Government Deficit and Public Debt Slovenia -Living with the single currency -Privatization of Industry Spain -Inflation -Immigration Christine I. Caly-Sanchez, MEUCE – 05/20/10

15. 2009 Challenges Chosen in Florida COUNTRYCHALLENGE France -Slow Growth and Unemployment -Welfare/Healthcare -Globalization and Immigration Ireland -Coping with a Housing Market Slowdown -Inflation Italy -Adapting to technological change (including productivity) -Globalization and Immigration Netherlands - Sustaining the Social System Welfare State Slovakia -High Unemployment Spain - High Unemployment Christine I. Caly-Sanchez, MEUCE – 05/20/10

16. 2010 Challenges Chosen in Florida COUNTRYCHALLENGE France - Sustaining the Social System (Welfare) Germany -Globalization and Immigration Greece - High Government Deficit & Debts Ireland -Coping with a Housing Market Slowdown -High Government Deficit & Debts -High Unemployment -Living with a single Monetary Policy Spain -High Unemployment Christine I. Caly-Sanchez, MEUCE – 05/20/10

17. 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. Euro Challenge Part III Christine I. Caly-Sanchez, MEUCE – 05/20/10

18. l Knowledge about the EU, euro, and related economic concepts l Responses to judges’ questions l Quality of presentation l Depth of research and analysis l Teamwork and cooperation Scoring Christine I. Caly-Sanchez, MEUCE – 05/20/10

19. Prizes/ Awards 2010 All students: certificates 1 st place: $1,250 per student 2 nd place: $1,000 per student 3 rd place: $750 per student 4 th place: $500 per student 5 th place: $250 per student 2010 Christine I. Caly-Sanchez, MEUCE – 05/20/10

20. Time Line WhatWhereWhen Teacher OrientationFIUOct. 2010 (TBC) Registration Deadline: Dec. 20, 2010 Student OrientationFIUDec. 2010 (TBC) Submission of the students names: January 2011 Submission of the Challenge and County: January 2011 1 st round competition in Miami FIUEnd of March 2011(TBC) WhatWhereWhen Recognition and Award Luncheon for the Florida HS winners Federal Reserve of Atlanta Bank – Miami Branch 2 nd week of April 2011 (TBC) In Miami ► Top teams will be selected (3) Christine I. Caly-Sanchez, MEUCE – 05/20/10

21. WhatWhereWhen Semi-finals AM / Finals PM New-York Federal Reserve Bank End of April, 2011 (TBC) In New York Time Line ►The 3 Florida Top teams will compete nationally among 25 high schools which are previously selected among 80 high schools WhatWhereWhen Recognition and Award Reception New-York Moody’s Foundation End of April, 2011 (TBC) evening

22. What level of Economic knowledge is required? ► Basic economics, and don’t forget social and political aspects Knowledge about the EU and the euro area, euro, and related economic issues (such as the role of the ECB, Lisbon Strategy, etc.) and basic economic concepts (GDP, inflation, unemployment). ► Strive for the level of a good economic press article (New York Times, WSJ, FT, The Economist) ► List of concepts teams should know for the challenges are available on the forum and ‘Resources page’ of the website. DON’T WORRY!!! Christine I. Caly-Sanchez, MEUCE – 05/20/10

23. Primary Resources for You website: www.euro-challenge.orgwww.euro-challenge.org Website contains educational videos & presentations, and links to useful articles & other learning resources Open FORUM for teachers and students to engage in dialogue, ask questions, share research Teachers have access to separate teachers-only forum Christine I. Caly-Sanchez, MEUCE – 05/20/10

24. Information ► www.euro-challenge.org FIU – Miami-Florida European Union Center of Excellence Christine I. Caly-Sanchez Tel: 305-348-5949 Fax: 305-348-6562 E-mail: calyc@fiu.edu http://casgroup.fiu.edu/miamieuc/pages.php?id=548 Working in Support of Education Delegation of the European Commission delegation-usa-eurochallenge@ec.europa.eu Christine I. Caly-Sanchez, MEUCE – 05/20/10