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Presentation by

Ch i ti I C l S hChristine I. Caly-SanchezAssistant Director

Mi i Fl idMiami-Florida European Union Center of Excellence, FIU

Friday, May 20th, 2011

OverviewOverviewAn exciting opportunity to learn about: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 – 05/20/11

Why study the European economy?Why study the European economy?

Together the EU and the United States represent nearly 60% of global GDPnearly 60% of global GDP 

Europe is the most important trade andEurope 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 – 05/20/11

E Ch ll G lEuro Challenge Goals• Increase student’s knowledge and 

d t di f th E U i d thunderstanding of the European Union and the euro

• Promote an understanding of economicPromote 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• Foster economic and financial literacy and understanding of economic policy issues

• Develop communication, critical thinking and p gcooperative skills

Christine I. Caly-Sanchez, MEUCE – 05/20/11

OverviewOverview

R it MEUCE FIU 4th Y

OverviewOverview

● Recruiter: MEUCE‐FIU – 4th Year

● The 2011 competition has been extended to pBroward, Palm Beach County, and St. Lucie.

● Among ten Miami Dade High Schools● Among ten Miami‐Dade High Schools, 3 won in Florida and went to NY in 2011

► Coral Reef Senior High Schoolg► Miami Palmetto Senior High School►Marine & Oceanographic Academy

Christine I. Caly-Sanchez, MEUCE – 05/20/11

The 3 Winners 2011 in FloridaThe 3 Winners 2011 in Florida

Coral Reef Senior HS Miami Palmetto Senior HSMiami Palmetto Senior HS

FPW Marine & Oceanographic Academy

Christine I. Caly-Sanchez, MEUCE – 05/20/11

Participating High Schools 20112011

Participating High Schools 2011

• Alonzo and Tracy Mourning Senior HSy g• Coral Reef Senior High School• Felix Varela Senior High School• Fort Lauderdale High School

 g

• Fort Pierce Westwood High School• FPW Marine & Oceanographic Academy• G. Holmes Braddock Senior High Schoolo e a o e io ig oo• Hialeah Gardens Senior High School• International School of Broward (ISB)• International Studies Charter HSInternational Studies Charter HS• Miami Palmetto Senior High School• Western High School

Christine I. Caly-Sanchez, MEUCE – 05/20/11

OverviewOverview• 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)y ( )Christine I. Caly-Sanchez, MEUCE – 05/20/11

Three‐partThree part Challenge Question

Christine I. Caly-Sanchez, MEUCE – 05/20/11

Euro Challenge

ib h i

Euro Challenge Part I

• Describe the current economic situation in the euro area 

(the economic region consisting of the 17 EU member countries who h d t d th )have adopted the euro). 

Christine I. Caly-Sanchez, MEUCE – 05/20/11

Euro Challenge

S l i l d h ll

Euro Challenge Part II

• Select one economic‐related challenge confronting the euro area as a whole, 

• and pick one of the 17 member countries of the euro area to illustrate that challenge.g

Christine I. Caly-Sanchez, MEUCE – 05/20/11

Seventeen Euro Area CountriesSeventeen Euro Area Countries  Choose One

The challenge should be illustrated in one of the The challenge should be illustrated in one of the 17 member countries of the euro area17 member countries of the euro area::

‐Austria ‐ ItalyAustria‐ Belgium‐ Cyprus‐ Estonia

Italy‐ Luxembourg‐Malta‐ The Netherlands‐ Estonia

‐ Finland‐ FranceGermany

‐ The Netherlands‐ Portugal‐ SlovakiaSlovenia‐ Germany

‐ Greece‐ Ireland

‐ Slovenia‐ Spain

Christine I. Caly-Sanchez, MEUCE – 05/20/11

10 Challenges: Choose One10 Challenges:  Choose One• Slow growth

• Hi h l t• High unemployment

• Inflation

• Adapting to technological change• 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 – 05/20/11

2008 Challenges Chosen in Florida2008 Challenges Chosen in FloridaCOUNTRY CHALLENGE

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 – 05/20/11

2009 Challenges Chosen in Florida2009 Challenges Chosen in FloridaCOUNTRY CHALLENGE

F‐ Slow Growth and Unemployment

Francep y

‐ Welfare/Healthcare‐ Globalization and Immigration

I l d‐ Coping with a Housing Market Slowdown

I fl iIreland ‐ Inflation

Italy‐ Adapting to technological change (including 

productivity)Italy p y)‐ Globalization and Immigration

Netherlands ‐ Sustaining the Social System Welfare State

Slovakia ‐ High Unemployment

Spain ‐ High UnemploymentSpain ‐ High UnemploymentChristine I. Caly-Sanchez, MEUCE – 05/20/11

2010 Challenges Chosen in Florida2010 Challenges Chosen in Florida

COUNTRY CHALLENGE

France ‐ Sustaining the Social System (Welfare)

Germany ‐ Globalization and Immigrationy g

Greece ‐ High Government  Deficit & Debts      

Ireland

‐ Coping with a Housing Market Slowdown‐ High Government Deficit & Debts‐ High Unemployment‐ Living with a single Monetary PolicyIreland Living with a single Monetary Policy

Spain ‐ High Unemployment

Christine I. Caly-Sanchez, MEUCE – 05/20/11

2011 Challenges Chosen in Florida2011 Challenges Chosen in FloridaCOUNTRY CHALLENGE

‐ Aging (including healthcare)

France

g g ( g )‐ Globalization (including immigration)‐ Unemployment

Germany ‐ Globalization (including immigration)y g g

Greece‐ High Government  Deficit & Debts ‐ Living with a Single Monetary Policy

‐ Coping with a Housing Market SlowdownIreland

‐ Coping with a Housing Market Slowdown‐ Living with a single Monetary Policy

Italy ‐ Aging (including healthcare)

Portugal ‐ Slow Growth

Spain‐ Coping with a Housing Market Slowdown‐ Unemploymentpai Unemployment

Christine I. Caly-Sanchez, MEUCE – 05/20/11

Euro Challenge 

• Recommend a policy or policies

Eu o C a e gePart III

eco e d a po icy o po iciesfor addressing the challenge youidentified in the country youl dselected.

• Be sure to include in youryrecommendation a discussion ofhow having a single currency mayor may not affect the policyor may not affect the policychoices for addressing thechallenge.g

Christine I. Caly-Sanchez, MEUCE – 05/20/11

ScoringScoring

Knowledge about the EU, euro, and related economic concepts

Responses to judges’ questions

Quality of presentation

Depth of research and analysis Depth of research and analysis

Teamwork and cooperation

Christine I. Caly-Sanchez, MEUCE – 05/20/11

P i / A d 2011Prizes/ Awards 2011 All students: certificates

1st place: $1,250 per student

2nd place: $1,000 per student

3rd place: $750 per student

4th l $500 t d t

2011

4th place: $500 per student

5th place: $250 per student 5 place: $250 per studentChristine I. Caly-Sanchez, MEUCE – 05/20/10

Time LineTime LineWhat Where WhenIn Miami

Teacher Orientation FIU Oct. 2011 (TBC)

• Registration Deadline: Dec. 23, 2011

Student Orientation FIU Dec 2011 (TBC)Student Orientation FIU Dec. 2011 (TBC)

• Submission of the students names: January 2012

• Submission of the Challenge and County: January 2012

1st round competition in Miami

FIU End of March 2011(TBC)

►Top teams will be selected (3)What Where WhenRecognition and Award Luncheon  for the Florida HS 

Federal Reserve of Atlanta Bank 

1st week of April 2012 (TBC)

►Top teams will be selected (3)

Luncheon for the Florida HSwinners – Miami Branch

Christine I. Caly-Sanchez, MEUCE – 05/20/11

Time Line

In New York

Time Line

What Where WhenSemi‐finals AM /  New‐York End of April, 2012 (TBC)

In New York

Finals PM  Federal Reserve Bank

►The 3 Florida Top teams will compete nationally

among 25 high schools which are previously selected

among 80 high schoolsg gWhat Where WhenRecognition and Award Reception

New‐YorkMoody’s Foundation

End of April, 2012 (TBC)eveningAward Reception Moody s Foundation evening

What level of Economic knowledge is required?What level of Economic knowledge is required?► Basic economics, and don’t forget social and 

political aspectsK l d b t th EU d th dKnowledge 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 gy p(GDP, inflation, unemployment).

► Strive for the level of a good economic press    g particle (New York Times, WSJ, FT, The Economist)

DON’T WORRY!!!DON’T WORRY!!!► List of concepts teams should know for the challenges are available on the forum and 

‘Resources page’ of the websiteResources page  of the website.Christine I. Caly-Sanchez, MEUCE – 05/20/12

Primary Resources for YouPrimary Resources for YouPrimary Resources for YouPrimary Resources for You

website: www.euro‐challenge.org• Website contains educational videos & 

presentations, and links to useful articles & other learning resourcesarticles & other learning resources

• Open FORUM for teachers and students to engage in dialogue ask questionsto engage in dialogue, ask questions, share research

• Teachers have access to separate• Teachers have access to separate teachers‐only forum

Christine I. Caly-Sanchez, MEUCE – 05/20/11

InformationInformation►www.euro‐challenge.org• FIU – Miami‐Florida 

European Union Center of ExcellenceCh I C l S hChristine I. Caly‐Sanchez Tel: 305‐348‐5949Fax: 305‐348‐6562Fax: 305 348 6562E‐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 eudelegation‐usa‐eurochallenge@ec.europa.euChristine I. Caly-Sanchez, MEUCE – 05/20/11

Testimonial 2011Testimonial 2011GraceDeWittCoral Reef Senior High SchoolGrade 10

Choosing to participate in Euro Challenge will definitely be one of the highlights of my high schooleducation. When I decided to join the team during this past winter, I knew very little about what I was gettinginto. Truthfully, I just wanted the chance to visit New York City and spruce up my college application. BeforeI knew it, however, I was emotionally involved in the project: communicating on a daily basis with my groupmembers and frequenting European newspapers online. I am an open-minded student, interested in learningnew things, who guessed that being a part of Euro Challenge would be a good excuse for me to learn abouteconomics and the European Union, two subjects of which I had no familiarity with. Boy, was I right! TheEuro Challenge competition turned out to be the perfect method for learning about such topics, in addition toso much more. Moreover, the knowledge I've gained since "Day 1" will serve as a solid foundation ofinformation on global affairs that I will proudly take into adulthood. The seriousness with which the programis taken is both motivating and inspiring, as is hearing from others how much the program has grown since itsg p g, g p g gbeginning. Brushing shoulders with important diplomats and business people in New York City (at the semi-final and final rounds) has brought me a new-found sense of self-efficacy and esteem, and I couldn't bethankful enough for the dedicated people who worked to make Euro Challenge 2011 a success, including allthe teachers and students who participated alongside me. Anyone looking for a unique and memorableeducational experience should not hesitate to compete in Euro Challenge; take it from someone who knows,

Christine I. Caly-Sanchez, MEUCE – 05/20/11

p p g ; ,you won't regret it.

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