Fed Challenge Fed Challenge College Fed Challenge is

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Fed Challenge

Fed Challenge

Fed Challenge • College Fed Challenge is an academic competition. • Teams of students

Fed Challenge • College Fed Challenge is an academic competition. • Teams of students research and analyze economic conditions and then present their analysis with a recommendation for monetary policy • Annual competition at the national level • MSU sends a team to the Chicago Fed (November)

Fed Challenge Format 1) 15 minute presentation – Current economic conditions – Monetary policy

Fed Challenge Format 1) 15 minute presentation – Current economic conditions – Monetary policy recommendation 2) 15 minute Q & A session – Presentation related – In general on monetary policy

Scoring • Knowledge of monetary policy and of the Federal Reserve’s role in its

Scoring • Knowledge of monetary policy and of the Federal Reserve’s role in its implementation • Responses to judges’ questions • Quality of the presentation • Quality of the research and analysis; and • Evidence of teamwork and cooperation.

Team’s role • Gathering research about all aspects of monetary policy • Thinking critically

Team’s role • Gathering research about all aspects of monetary policy • Thinking critically of economic theories and how they apply to policy decisions • Preparing charts and other data related figures • Judging practice sessions • Brainstorming about policy recommendation

Benefit to Students • Learn more about the US economy, the financial system and

Benefit to Students • Learn more about the US economy, the financial system and the Federal Reserve System • Hone skills of public speaking, logical thinking • Apply their experience to acquire internships, discover potential career paths

Benefit to Students • Credit for EC 490 – 2 credits for fall –

Benefit to Students • Credit for EC 490 – 2 credits for fall – 1 credit for spring • Not necessary to register for 490 to participate and even make it to the final team

Evaluation for EC 490 • Quality of student’s presentations • Quality of student’s participation

Evaluation for EC 490 • Quality of student’s presentations • Quality of student’s participation and preparation • Regular feedback provided after each presentation

Workload for EC 490 Spring • Meet roughly every other week Fall • Meet

Workload for EC 490 Spring • Meet roughly every other week Fall • Meet every week • More often leading up to presentation in November

Proposed dates for Spring 2018 Meetings: Thursdays, Time: 7 pm Room: TBA (Berkey, most

Proposed dates for Spring 2018 Meetings: Thursdays, Time: 7 pm Room: TBA (Berkey, most likely) –January 25 th –February 15 th –March 1 st, 15 th, 29 th –April 12 th, 26 th

FREDcast • Forecast four economic data releases – GDP, CPI, Unemployment rate, Payroll employment

FREDcast • Forecast four economic data releases – GDP, CPI, Unemployment rate, Payroll employment • https: //research. stlouisfed. org/useraccount/fr edcast/ • League invite code: NXFY 7 MZD

How will the team be picked? • Goal: put together the strongest group to

How will the team be picked? • Goal: put together the strongest group to represent MSU

Resources • http: //msufedchallenge. weebly. com • Fed Challenge Shared Dropbox folder

Resources • http: //msufedchallenge. weebly. com • Fed Challenge Shared Dropbox folder

Contact • aeimit @msu. edu

Contact • aeimit @msu. edu

Plan for Jan 25 th meeting: • Presentation from students from last semester •

Plan for Jan 25 th meeting: • Presentation from students from last semester • Presentation from new students? • Summarize important aspects of Fed’s monetary policy report: https: //www. federalreserve. gov/monetarypolicy/fi les/20170707_mprfullreport. pdf

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