Student Opportunities
Fed Challenge 2007
The Fed Challenge is a national competition sponsored by the Federal Reserve Board. In this competition, teams of three to five students assume the role of advisors to the Federal Open Market Committee in the conduct of monetary policy. Teams make a twenty-minute presentation and are then questioned by a panel of Federal Reserve in Washington for the final competition. IPFW competes in the regional competition held by the Federal Reserve Bank of Chicago.
The competition encourages students to apply theoretical topics in macroeconomics and monetary policy to the actual, current economic situation. The competition requires students to assemble and process current macroeconomic information and data. It also requires students to move beyond a theoretical understanding of monetary policy into a detailed understanding of the implementation of monetary policy. Participants are expected to develop a very professional presentation style.
Dr. Carolyn Stumph, one of the team's advisors, and Assistant Professor in the Department of Economics, said "This year's team has worked very hard to hone both their anaylitical and presentation skills. We have two veterans and three rookies in the group and they bring a lot of energy and enthusiasm to the competition. We also have a cadre of other economics majors who work as research assistants to help support the team. The Fed Challenge competition provides these students with a unique opportunity to work closely with their professors and to demonstrate their abilities in front of respected potential employers like Star Financial and the Federal Reserve Bank of Chicago."
The students that participated in Chicago on Monday, November 05, 2007, were Joel Colglazier, David Fish, Maja Hasic, Brad Hill, and Kevin McKay. The team of advisors were from the Department of Economics and included Dr. Nodir Adilov, Dr. David Dilts, John Kessler, Dr. Hedayeh Samavati, and Dr. Carolyn Stumph.
Many thanks to Star Financial Bank for sponsoring the 2007 team.
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