Presentation Title

A Macroeconomic Tour around the World The Good, the Bad and the Ugly of Economic Fluctuations and Growth

Presenter Information

Location

3rd floor House of Learning

Start Date

18-3-2016 12:00 PM

End Date

18-3-2016 6:00 PM

Abstract

Each student in this Economics class gathered and analyzed the income per person (as measured by GDP per capita) of a nation of their choice over a long period of time. They examined the pattern of economic fluctuations around trend levels and major economic upswings and downturns from the early 1900s to 2015 for various nations across the world. Each nation, irrespective of development, experiences economic shocks along a long-term growth path. Major shocks were identified and an explanation is provided as to the cause of the shocks and their duration, along with remedies that lead the economic system to return to its long-term growth path. Whether nations are developed, developing, or underdeveloped, they all face “good, bad, and ugly” economic times, and this symposium is meant to explore these periods. Participants will enjoy a macroeconomic tour around the world and learn about: Greece’s recent economic crises; the US 2008 “Great Recession” and its impact around the world; the Asian financial crises; oil shocks and Nigeria’s economy; the Great Depression; the impact of wars on economies; the breakdown of the Soviet Union; and many other major events across the world. Argentina: Marisa McGillivray Australia: Shane Tjomsaas Bangladesh: Sabbir Ahmed Brazil: Satish Pooja Canada: Joint effort from all students Chile: Kostianyn Siryi China: Yue Yang Equatorial Guinea: Jesse Neufeld France: Chloe Joubert Germany: Marius Schult Greece: Eden Houghton India: Brayden Hearne Iran: Parta Ansari Japan: Kurt Fuoco Lithuania: Kelsey Lee Mexico: Roman Malmas Nigeria: Mariam Babatunde Pakistan: Feroz Khan Russia: Kolby Klassen Singapore: James Bergen South Africa: Aswei Dodo South Korea: Sara Fertile Spain: Lucas Flundre Sweden: Brennan Eklund Taiwan: Anna Na Thailand: Ed Blakeborough Ukraine: Brandon Turner United Kingdom: Josh Otway USA: Barneet Mundi Zimbabwe: Tsungai Mhembere

Department

Economics

Faculty Advisor

Peter Tsigaris

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Mar 18th, 12:00 PM Mar 18th, 6:00 PM

A Macroeconomic Tour around the World The Good, the Bad and the Ugly of Economic Fluctuations and Growth

3rd floor House of Learning

Each student in this Economics class gathered and analyzed the income per person (as measured by GDP per capita) of a nation of their choice over a long period of time. They examined the pattern of economic fluctuations around trend levels and major economic upswings and downturns from the early 1900s to 2015 for various nations across the world. Each nation, irrespective of development, experiences economic shocks along a long-term growth path. Major shocks were identified and an explanation is provided as to the cause of the shocks and their duration, along with remedies that lead the economic system to return to its long-term growth path. Whether nations are developed, developing, or underdeveloped, they all face “good, bad, and ugly” economic times, and this symposium is meant to explore these periods. Participants will enjoy a macroeconomic tour around the world and learn about: Greece’s recent economic crises; the US 2008 “Great Recession” and its impact around the world; the Asian financial crises; oil shocks and Nigeria’s economy; the Great Depression; the impact of wars on economies; the breakdown of the Soviet Union; and many other major events across the world. Argentina: Marisa McGillivray Australia: Shane Tjomsaas Bangladesh: Sabbir Ahmed Brazil: Satish Pooja Canada: Joint effort from all students Chile: Kostianyn Siryi China: Yue Yang Equatorial Guinea: Jesse Neufeld France: Chloe Joubert Germany: Marius Schult Greece: Eden Houghton India: Brayden Hearne Iran: Parta Ansari Japan: Kurt Fuoco Lithuania: Kelsey Lee Mexico: Roman Malmas Nigeria: Mariam Babatunde Pakistan: Feroz Khan Russia: Kolby Klassen Singapore: James Bergen South Africa: Aswei Dodo South Korea: Sara Fertile Spain: Lucas Flundre Sweden: Brennan Eklund Taiwan: Anna Na Thailand: Ed Blakeborough Ukraine: Brandon Turner United Kingdom: Josh Otway USA: Barneet Mundi Zimbabwe: Tsungai Mhembere