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Econosofia brings you good news: we have extended the application deadline for Economics through a Macrofying Glass to June 22. Fill out the following form and send it to:

By then, tell us your opinion about the candidates for the head of IMF. Do we want a European at the top of the most important financial institution again? Or is it time for a change?

Tell us what you think on our Facebook page, Economics through a Macrofying Glass.

Is the Economy out of sync, and if so, is it still sinking?

We gladly challenge you to be one of the 25 participants of this year’s edition of Economics through a Macrofying Glass Summer School. If you want to find answers to the current questioning state of the economy and to study, nearby guests like Mr. Lajos Bokros, former World Bank director and current teacher at CEU,  the topic of this year’s edition:

Modern methods of economic growth,

enter the website, download the application form and send it to us until June, 17th.

Good luck!

This time of the year, before the exams, Econosofia has been working on organizing the 8th edition of Economics through a Macrofying Glass Summer School. The summer school, which you have probably heard about before, EMG, begins this year with a debate on:

The sustainability of Romania’s debt in current context

on May 17th, at Casa Universitarilor – 46, Dionisie Lupu Street. Our guests:

Ionuţ Dumitru, chief economist Raiffeissen Bank

Lucian Croitoru, counselor of NBR Governor

Anca Paliu Dragu, IMF

Niels Schnecker, economic analyst

will discuss about what is happening now within Romania’s economy, what are the perspectives of joining the eurozone in 2015 and the most recent IMF visit in Bucharest.

If you wish to attend, please fill out the following form by Monday, May 16th.

Thank you!

On Thursday, March 31st, the participants to the Eurozone Crisis Econosofia Conference had the chance to debate, together with Nicolae Chidesciuc (Chief Economist at ING Bank), the effects that the falling apart of the Euro area would generate, both economically and socio-politically.

Taking into account a series of macroeconomic indicators, such as the real exchange rate, productivity and real wages, we discussed the discrepancies between the development in different Euro zone countries, as well as the special situation of states like Italy, Spain and Portugal.

Starting with the Greek crisis and its government’s efforts to restore confidence in a high deficit and high public debt economy, we analysed the measures taken in Romania in this unstable period. The main proposition was that from the point of monetary policy the National Bank of Romania (BNR) should adopt much more aggressive stances in order to minimise the deviation of the inflation rate from the levels imposed by the European Central Bank (ECB).

Towards the end of the conference, a long-run crisis solution pervaded, on that implied a federal type of fiscal policy, which could improve the operation of the monetary policy and would facilitate intra-community transfers in times of cyclical divergence, with the ultimate goal of stabilising the level of aggregate demand.

Is moral hazard moral or immoral?

They have not adopted the Euro, therefore they are “punished” by not being allowed to get involved in the decisions taken at EU level?

Is the North-South clear demarcation a known reality?

The Econosofia Club, part of the Volunteers for Ideas and Projects students’ organization, warmly invites you on the 31st March, starting from 6:00 PM in our Frumoasă Street headquarters, to a conference concerning these three issues: the Euro club, moral hazard and the North-South divide.
Guest: Nicolae Chidesciuc,
Chief Economist at ING Bank, CFA, Ph.D,
Vicepresidentof the Association of Financial-Banking Analysts in Romania
6:00 – 6:20 PM: participants’ arrival
6:30 – 8:00 PM: conference
If you wish to attend, please fill out the following  form.
See you in Saturday, March 26th. Thank you!


*The event will be held on the building’s second floor, room 31.

On Wednesday, March 4th, our second Econosofia Conference took place. Titled “Money Markets: Analysis and Trading”, the discussion gave our academy’s students the opportunity not only to meet Adrian Codîrlașu (Senior FX Options Trader for ING Bank, President of CFA Romania), but also to learn about FX and money markets analysis methods.

The presentation offered new perspectives both for the outsiders to this field and for those who had some sort of background, questions not withheld. Although the conference was mainly theoretical, references to the actual economic facts and contexts are inevitable.

By popular request, the end of the meeting consisted in a brief description of CFA Romania, with emphasis on the examinations and tests that need to be passed in order to receive this certification and on the necessary training for these appraisals.

We gladly invite you on the 4th March to a new Econosofia Conference, from 6:30 PM, in our headquarters in Frumoasă Street, room 31, regarding:

Money Markets: Analysis and Trading

Guest: Adrian Codîrlașu, Senior FX Options Trader for ING Bank, President of CFA Romania

The discussion will be centred on the analysis methods applicable in FX markets and money markets. In order to attend, please fill out this form by the 28th February.

6:00 – 6:20 PM: Participants’ arrival
6:30 – 8:00 PM: Conference

The Econosofia Club wishes you a happy holiday with your beloved ones and a warm “Merry Christmas!”

We hope you will also join us for the upcoming endeavours of 2011.

“I wish you good luck in pursuing a profession that is not as dry and insipid as so many people think” (V. Lazea)

As part of the conference that took place last week, Mr. Valentin Lazea discussed with 35 students from the Academy of Economic Studies that present state of our economy, based on official statistics regarding the main macroeconomic indicators.

The students had the possibility of asking questions and to ponder on the efficiency of the introduction of drastic austerity measures in the context of a lack of political support.

The conclusion? Although the following proposition may be hard to achieve, the Germans should entertain themselves as much as the Greeks, provided that the Greeks work as hard (and as productively) as the Germans, in order to ensure a balance in the Euro zone and to prevent its division into two separate blocs, North vs. South.

The Econosofia Club, part of the Volunteers for Ideas and Projects students’ organization, has the pleasure to invite you on the 8th December, from 4:00 PM, in our Frumoasă Street headquarters for the conference:

The Lessons Provided by the Economic and Financial Crisis from the Romanian Perspective

Guest: Valentin Lazea, BNR Chief Economist

After the economic and financial crisis that erupted in the United States in 2008, the main economies of the EU show signs of a comeback, while for other countries the difficulties are far from being surmounted. A question remains to be posed: what have the primary economic actors learned from this tough period and what will happen from now on? With the occasion of our Wednesday meeting you can grasp the answer to this inquiry from a Romanian perspective, from a specialist in the field.

3:30 – 4:00 PM: Participants’ arrival
4:00 – 6:00 PM: Conference

If you wish to attend, please fill in this form. Thank you!

*The event will take place on the building’s second floor, room 31.

Econosofia Partner

Volunteers for Ideas and Projects Partner

Flickr Photos