informational meeting-1-27-13
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TRANSCRIPT
Undergraduate Economics AssociationFirst General Meeting
Undergraduate Economics Association
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Announcements
Financial Stability and Energy Security in the Americas and Europe: Thursday, February 13 at 5:30pm in the BU
Castle
Econ Brunch Sunday, February 3 at 1:00pm at Trident
UEA Journal The first UEA Journal
Undergraduate Economics Association
Platform for gaining insights into today’s economic issues
Platform for generating discussions on economic issues
Platform for showcasing your talent
The BU UEA exists to socially, academically, and professionally develop Boston University students interested in Economics.
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Undergraduate Economics Association?
Undergraduate Economics Association
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The UEA Website
Student Writers Article Competition
Columnists UEA Journal
Database Events
Gallery Constitution
Presentations
BUUEA.com
Undergraduate Economics Association
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Student Writers & Article CompetitionStudent Writers: Write Economics related articles Full discretion Articles are edited & proofread
Article Competition: Twice a semester Winner chosen by pre-defined criteria Student writers are given certificate and an
award
Previous Winners:
Jeevan ParameswaranBen Denis Shaffer
Undergraduate Economics Association
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UEA Journal & The UEA Constitution UEA Journal: Semester long Best articles compiled into a journal Journal available online
The UEA Constitution: All relevant information Regularly updated
Undergraduate Economics Association
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General Meetings & EventsGeneral Meetings & Events: 7:00pm to 8:00pm Tuesdays in CAS B12 Presentations Discussions
Guest Speakers Speaker Panels
“The European Crisis Panel”
“Fixing the Economy”
“European Liquidity Crisis”
“Incentives in Education”
“The Multilateral Trading Systems: Strengths & Challenges for LDCs
Undergraduate Economics Association
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The Econ BrunchThe Econ Brunch: Occasionally get together for brunch Usually Sunday or Saturday
Undergraduate Economics Association
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The Social Websites
Inform Discuss Debate
Network
Undergraduate Economics Association
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Operations
VP of Editorial Content
VP of Information Technology
Executive Vice
President
VP of Marketing
VP of OperationsPresident
E-Board
VP of Editorial Content
VP of Information Technology
FacebookVP of
Editorial Content
VP of Operations
Meetings & EventsExecutive
Vice President
President
Student Writers
Columnists
Club Members Club Members
Writing Committee
Website
Presentation Committee
Undergraduate Economics Association
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The E-Board
Executive Vice PresidentFederico Mele
Vice President of Operations
Cassandra Chin
Vice President of Editorial Content
Daniel Currie
PresidentFadi Humaid
Vice President of Information Technology
Massimiliano Hasan
Vice President of MarketingBeixi Zhou
Undergraduate Economics Association
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How You Can Get Involved
Student Writers Simply write an article and send it to [email protected] or [email protected] All articles are eligible for the BU UEA Article Competition & BU UEA Journal
Article Competition The BU Article Competition takes place twice a semester Winners are chosen by a formula: 0.28(quantity) + 0.14(quality) + 0.58(traffic)
UEA Journal All student-written articles are eligible for the BU UEA Journal Articles are chosen based on quality each semester The Journal is virtually distributed to members, professors, and alumni
Columnists After being active student writers for at least one semester and having written at least 5 articles, student writers are eligible to apply for a columnist position
Writing Committee Apply via [email protected] or [email protected] Applicants are not required to be Student Writers
Presentation Committee
Coming Soon
Undergraduate Economics Association
Fixed/Controlled Exchange Rates “Habits” Politics
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Semester ThemeImbalances between Importers and Exporters
Lop side trade flows cause large imbalances in global trade and capital flows Helped cause the financial cataclysm of 2008
A B
Huge Trade Deficit Huge Trade Surplus
I.O.U.
Cash
Imports
Exports
Cash
Cash
Undergraduate Economics Association
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Semester ThemeCurrent Data
Pessimistic Optimistic
Source: Bloomberg Markets; IMF
Undergraduate Economics Association
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Semester ThemeCurrent Data
Pessimistic Optimistic
Source: Bloomberg Markets; IMF
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Semester ThemeCurrent Views
Pessimistic Current changes are temporary Growth is restraint, when growth picks up
imbalances are likely to widen once more The recession has spurred governments and
central banks to spend trillions of dollars to stimulate growth, this has been done through debt
Political dead lock in U.S. U.S. addicted to consumption Obama not likely to cut consumption Republicans not likely to allow increase in taxes China’s efforts to foster domestic consumption
may not last The Euro still exists
Optimistic Chinese efforts in fostering domestic
consumption Restrained wages and cheaper energy are giving
Americans an edge over rivals in Europe and Japan
Average expenses in for U.S. companies (including labor & materials) forecasted to be 15% and 21% less than Germany and Japan, respectively, by 2015!
U.S. exports have risen as % of GDP China exports have decreased as % of GDP Greece has cut wages by 22% and Portugal has
fewer national holidays Spain improving competitiveness
Source: Bloomberg Markets
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What Do You Think?