Undergrad Business Students Compete in Federal Reserve Challenge

A team of ten undergraduate business students competed against 28 other institutions in the regional competition of the Eastern Economic Association’s Federal Reserve Challenge on Oct. 28.

A team of ten undergraduate business students competed against 28 other institutions in the regional competition of the Eastern Economic Association’s Federal Reserve Challenge on Oct. 28. The competition, sponsored by the Federal Reserve Bank and the Eastern Economic Association, is inspired by the work of the Federal Open Market Committee. It is intended to encourage students to learn more about the U.S. macro economy, the Federal Reserve System and the implementation of monetary policy and financial stability. It is also aimed at spurring interest in economics and finance as subjects for advanced study and as the basis for a career.

The participating students were: Ali Beydoun, a sophomore and double major in finance and economics; Christina Costas, a senior and double major in finance and economics; Christopher DeVito, a senior and finance major; Rachel Foscaldi, a senior and double major in finance and economics; Daniel Goll, a senior and double major in finance and global business; Alison Landy, a senior and double major in accounting and finance; Mary McGowan, a senior and finance major; Kimberly Mohn, a senior and double major in accounting and finance; Nicholas Miras, a senior and double major in economics and global business; and Patrick Otchy, a senior and double major in finance and economics.

The students presented for 15 minutes on the current state of the economy, the causes of the recent recession and the optimal future monetary policy. The group scored very well and received positive reviews from the judges. Hany Guirguis, Ph.D., professor of economics and finance, was the faculty mentor assisting students with their presentations.