Averett University is pleased to invite the public to attend Ville Koivunen's and Charles Terrell's PowerPoint presentation "Economic Meltdown in the U.S. and PIIGS (Portugal, Italy, Ireland, Greece and Spain)." The presentation will be held in Blount Chapel Nov. 10 at 11:20 a.m., and provides an opportunity for the community to learn more about the economic crises in the U.S. and European countries.
"We're going to be looking at the basics of economics and trying to explain that," Terrell said. "I'll be talking about the housing market and how it has been affected by the economy, and we'll be discussing the basic policies and how they affect the average person."
On April 4, Koivunen and Terrell attended the Afternoon @ The Fed: A Monetary Policy Event of Economic Proportions sponsored by the Federal Reserve Bank of Richmond. Terrell estimates there were 150 students in attendance from other colleges and universities in Virginia. The event included presentations on U.S. monetary policy measures implemented by the Fed and the regulator's response to the financial and economic crisis.
Koivunen and Terrell chose to attend the workshop because the topic interested them.
"We were interested in learning what they are doing for the economy, their plans for making it better and fixing it," Terrell said. "It was a very in-depth discussion about the regulatory side rather than the fiscal side."
They discovered that the economic crisis in the U.S. and the European debt crisis are complex and that their impact will be significant for a long time.
"A lot of what happened in the United States in 2007 is just now starting to hit and affect Europe," said Koivunen. "It's been a domino affect."
Koivunen, who is from Finland, is double majoring in business administration: marketing and management. A native of Brazil, Terrell is majoring in business administration: management.
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