1. Fed Challenge

2. 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 16 th )

3. 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

4. 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.

5. 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

6. 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

7. Benefit to Students Credit for EC 490 – 2 credits for fall – 1 credit for spring

8. Evaluation for EC 490 Quality of student’s presentations Quality of student’s participation and preparation

9. 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 mid-November till end of fall semester!

10. Proposed dates for Fall 2015 Meetings: Tuesdays 7pm, Room: TBA (Berkey, most likely) – September 15 th, 22 nd, 29 th – October 6 th, 13 th, 20 th, 27 th – November 3 rd, 10 th Fed Challenge Presentation at Chicago Fed – November 16 th

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

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

13. Contact aeimit @msu.edu D2L Fed Challenge Group

14. Plan for Sep 15 th meeting Redo presentation from end of Spring semester Update graphs with new data Rethink the policy recommendation