A group of St. Lawrence University students will compete in the National College Fed Challenge Q&A semifinals after finishing among the top three New York Regional Universities in the competition.
The College Fed Challenge is a competition designed to bring real-world economics into the classroom. Teams play the role of monetary policymakers by analyzing economic conditions and recommending a course for monetary policy. The University’s Fed Challenge team is one of 18 teams out of 65 advancing to the next stage, which will be held virtually in mid-November.
“I think the team’s success this year is a product of their immense dedication and the drive that they all have had to prepare and truly compete this year,” says Charles A. Dana Professor of Economics Cynthia Bansak, who has taught St. Lawrence’s Fed Challenge course for more than a decade. “We began preparing over the summer with bi-weekly virtual classes and all 16 students have devoted time and effort since then to learn the material and to develop a creative presentation steeped in references to current research in monetary policy. Their drive, preparation, and commitment to the team really shows in the quality of the final product, and definitely led to their success this year.”