The Euro Challenge is an exciting educational opportunity for high school students to learn about the European Union (EU) and the euro. Student teams of three to five students are asked to make presentations answering specific questions about the European economy and the single currency, the euro. They are also asked to pick one member country of the “euro area” to examine an economic problem at the country level, and to identify policies for responding to that problem.
The Euro Challenge is a program launched and supported by the Delegation of the European Union to the United States in Washington, D.C., with the technical support of the Federal Reserve Bank of New York. Other partner organizations include The Moody’s Foundation, Credit Suisse, the University of North Carolina, the University of Illinois at Urbana-Champaign, Indiana University, the University of Wisconsin Madison, Florida International University, the University of Michigan, the University of Pittsburgh, the Federal Reserve Bank of Boston, and the Federal Reserve Bank of Chicago.
The local regional competition will be hosted by the University of Pittsburgh by The European Study Center and European Union Center of Excellence, with support from Global Solutions Pittsburgh.
The Competition Task
The Euro Challenge competition for high school students tests their knowledge and understanding of the European economy and the euro, the currency shared by many of the 27 countries of the European Union (EU). For the 2013 Euro Challenge competition, which will take place in the spring of 2013, student teams are asked to make 15-minute presentations in which they must:
- Describe the current economic situation in the euro area (the economic region consisting of the EU member countries who have adopted the euro).
- Select one economic-related challenge confronting the euro area as a whole (see list below), and pick one of the member countries of the euro area to illustrate that challenge.
- 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.
Teams can choose one of the following economic-related challenges:
- 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
Presentations are followed by 10 minutes of questioning by a panel of judges who are educators or experts in European economic affairs.
Schools selected to participate in the Euro Challenge will be provided with professional development, information resources, and coaching to provide guidance and assistance.
To learn more or to register for the Euro Challenge or Orientation in Pittsburgh, please contact our colleague Karen Lautanen at the European Union Center of Excellence/European Studies Center.