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 ID: 575881
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Slide1
Fed Challenge Fall 2016Slide2
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 21
st
this year)Slide3
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 policySlide4
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. Slide5
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 recommendationSlide6
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 pathsSlide7
Benefit to Students
Credit for EC 490
2 credits for fall
1 credit for springSlide8
Evaluation for EC 490
Quality of student’s presentations
Quality of student’s participation and preparationSlide9
Workload for EC 490
Spring
Meet every other week, occasionally more often
Fall
Meet every week
More often leading up to presentation in November
No work from late November till end of fall semester!Slide10
Proposed dates for Fall 2016
Meetings:
Mondays
7pm,
Room: TBA (
Berkey
, most likely)
September 12
th
, 19
th
, 26
th
October 3
rd
, 10
th
, 17
th
, 24
th
, 31
st
November 7
th
, 14
th
Slide11
MSU’s recent performance
2013
2014
2015
MSU First Round Position (out of 4)
3
2
2
MSU Score (out of 150)
92
113
110
Score for winning team
136
140
138
Winning Team
Chicago
Northwestern
Chicago
# of returning students
2
3
0Slide12
How will the team be picked?
Goal: put together the strongest group to represent MSUSlide13
Resources
http://msufedchallenge.weebly.com
Fed Challenge Shared
Dropbox
folderSlide14
Contact
aeimit
@
msu.eduSlide15
Plan for Sep 12th
meeting
Presentation on the labor market with focus on following topics
Labor Force Participation Rate:
Natural rate of unemployment
Different measures of labor market health
Wages and
Beveridge
Curve
Emphasis on implications for monetary policySlide16
A guide for first-time presenters
Work in teams
Start with resources on Fed Challenge website
Look at old presentations (
Dropbox
folder)
Research any new recent developments on your topic
Choose which graphs to present
Update graphs with most recent data
Most importantly remember to tell a story with each graph!