Chief Economist Inspires Students at Fo Guang University to Tackle Economic and Financial Challenges

The Department of Applied Economics at Fo Guang University recently hosted a "Finance and Career Practical Seminar," featuring guest speaker Dr. Lin Chien-Fu, Chief Economist at CTBC Financial Holding and Honorary Professor at National Taiwan University’s Department of Economics. Dr. Lin delivered a lecture titled “How to Face Life’s Economic and Financial Challenges,” covering foundational concepts in economics and economic systems, an analysis of current global and domestic political-economic trends, and a call for students to cultivate international perspectives and professional expertise in the economic and financial fields.

Dr. Lin’s clear and engaging explanations, enriched by his extensive practical experience, sparked deep reflection and interest among students in economics and finance. The seminar, attended by a full house, left students feeling inspired and equipped with a stronger understanding of economics and a clearer sense of direction for their future careers. Many students expressed their appreciation, calling the seminar not just an intellectual feast but a life-changing opportunity.

Practical Insights for Everyday Economics

Dr. Lin pointed out that while economics might seem abstract and complex, it is a highly practical and relevant discipline closely tied to daily life. At the start of the seminar, he encouraged students to develop an awareness of economic issues by "buying a single stock" as an entry point. He explained that owning a stock naturally leads to curiosity about its price fluctuations and the various factors that drive them, such as changes in national income reflecting overall economic health, industry trends affecting corporate competitiveness, financial indicators like interest and exchange rates, and global events like the U.S.-China trade war or geopolitical tensions shaping investment environments.

Global Economic Analysis

Dr. Lin provided an in-depth analysis of recent economic performances in the United States, Europe, Japan, and China, using professional economic and financial data as the foundation. He also offered insightful predictions for 2025. Highlighting the intersection of U.S. presidential elections and economic issues, he referenced Bill Clinton’s famous 1992 campaign slogan, “It’s the economy, stupid,” adapting it to “It’s the people’s economy, stupid!” to emphasize how post-pandemic inflation significantly impacts daily life. Dr. Lin underscored how these bread-and-butter issues have become decisive factors in shaping voter behavior and election outcomes.

Monetary and Fiscal Policies: A Creative Analogy

In discussing strategies for economic stability, Dr. Lin used an imaginative analogy, comparing monetary policy to the “Heavenly Sword” and fiscal policy to the “Dragon Slayer Saber.” He vividly explained the characteristics and functions of these two policy tools. Monetary policy, known for its flexibility in adjusting interest rates, acts swiftly, much like the Heavenly Sword unsheathing to address short-term economic fluctuations. In contrast, fiscal policy, involving large-scale budgeting and resource allocation, operates more slowly but exerts substantial impact once implemented, much like the forceful strikes of the Dragon Slayer Saber. Dr. Lin emphasized that while each tool has its strengths and limitations, their coordinated use is crucial for navigating the complexities of today’s global economic environment.

Encouraging Careers in Finance

For students aspiring to enter the field of economics and finance, Dr. Lin highlighted the promising growth prospects of the financial sector. He noted its dual characteristics as both a "licensed industry" and a "regulated industry," ensuring competitive order and offering opportunities for excess returns. Moreover, the rigorous regulatory framework fosters stability within the sector, creating an advantageous environment for professionals.

Words of Wisdom for Future Leaders

As the seminar concluded, Dr. Lin shared life lessons and words of encouragement with the students. He emphasized the importance of problem-solving skills, independent thinking, and critical judgment, remarking, “Excelling at exams only means repeating others’ discoveries—it’s not that impressive!” He urged students to cultivate diverse interests, maintain curiosity, acquire knowledge broadly, and value time management. Dr. Lin encapsulated his philosophy with a powerful statement: “Success is a positive function of how you use your fragmented time.” His advice motivated students to embrace economic and financial challenges with confidence, drawing the seminar to a memorable and inspiring close.