Informational meeting-1-27-13


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Informational meeting-1-27-13

  1. 1. Undergraduate Economics Association First General Meeting
  2. 2. 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 JournalUndergraduate Economics Association 2
  3. 3. Undergraduate Economics Association?The BU UEA exists to socially, academically, and professionally develop Boston Universitystudents interested in Economics. Platform for gaining insights into today’s economic issues Platform for generating discussions on economic issues Platform for showcasing your talentUndergraduate Economics Association 3
  4. 4. The UEA Website Student Writers Article Competition Columnists UEA Journal Database Events Gallery Constitution Presentations BUUEA.comUndergraduate Economics Association 4
  5. 5. Student Writers & Article Competition Student Writers: Article Competition:  Write Economics related articles  Twice a semester  Full discretion  Winner chosen by pre-defined criteria  Articles are edited & proofread  Student writers are given certificate and an award Previous Winners: Ben Denis Shaffer Jeevan ParameswaranUndergraduate Economics Association 5
  6. 6. 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 updatedUndergraduate Economics Association 6
  7. 7. General Meetings & Events General Meetings & Events:  7:00pm to 8:00pm Tuesdays in CAS B12 Presentations Discussions Guest Speakers Speaker Panels “The Multilateral Trading Systems:“European Liquidity Crisis” “The European Crisis Panel” Strengths & Challenges for LDCs “Fixing the Economy”Undergraduate Economics Association “Incentives in Education” 7
  8. 8. The Econ Brunch The Econ Brunch:  Occasionally get together for brunch  Usually Sunday or SaturdayUndergraduate Economics Association 8
  9. 9. The Social Websites Inform Discuss Debate NetworkUndergraduate Economics Association 9
  10. 10. Operations E-Board Executive VP of VP of VP of VP of President Vice Editorial Information Marketing Operations President Content Technology Website Facebook Meetings & Events VP of VP of VP of Executive VP of Editorial Information Editorial President Vice Operations Content Technology Content President Student Writers Club Members Club Members Columnists Writing Committee Presentation CommitteeUndergraduate Economics Association 10
  11. 11. The E-Board President Executive Vice President of Vice President of Fadi Humaid Vice President Editorial Content Operations Federico Mele Daniel Currie Cassandra Chin Vice President of Vice President of Marketing Information Technology Beixi Zhou Massimiliano HasanUndergraduate Economics Association 11
  12. 12. How You Can Get Involved Student Writers  Simply write an article and send it to or  All articles are eligible for the BU UEA Article Competition & BU UEA JournalArticle 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)  All student-written articles are eligible for the BU UEA Journal 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 positionWriting Committee  Apply via or  Applicants are not required to be Student Writers Presentation  Coming Soon CommitteeUndergraduate Economics Association 12
  13. 13. Semester Theme Imbalances between Importers and Exporters Lop side trade flows cause large imbalances in global trade and capital flows Helped cause the financial cataclysm of 2008 I.O.U. Cash  Fixed/Controlled Exchange Rates A  “Habits”  Politics Imports B Exports Cash Huge Trade Deficit  Huge Trade Surplus CashUndergraduate Economics Association 13
  14. 14. Semester Theme Current Data Pessimistic OptimisticUndergraduate Economics Association Source: Bloomberg Markets; IMF 14
  15. 15. Semester Theme Current Data Pessimistic OptimisticUndergraduate Economics Association Source: Bloomberg Markets; IMF 15
  16. 16. Semester Theme Current Views Pessimistic Optimistic Current changes are temporary  Chinese efforts in fostering domestic Growth is restraint, when growth picks up consumption imbalances are likely to widen once more  Restrained wages and cheaper energy are giving The recession has spurred governments and Americans an edge over rivals in Europe and central banks to spend trillions of dollars to Japan stimulate growth, this has been done through  Average expenses in for U.S. companies debt (including labor & materials) forecasted to be Political dead lock in U.S. 15% and 21% less than Germany and Japan, U.S. addicted to consumption respectively, by 2015! Obama not likely to cut consumption  U.S. exports have risen as % of GDP Republicans not likely to allow increase in taxes  China exports have decreased as % of GDP China’s efforts to foster domestic consumption  Greece has cut wages by 22% and Portugal has may not last fewer national holidays The Euro still exists  Spain improving competitiveness Undergraduate Economics Association Source: Bloomberg Markets 16
  17. 17. What Do You Think?Undergraduate Economics Association 17