What is the Fed Challenge?

The College Federal Reserve Challenge of the Federal Reserve System is a yearly academic competition sponsored by several reserve banks and is administered by the Eastern Economic Association in the 2nd and 3rd Districts. The College Federal Reserve Challenge consists of teams of three to five students from the area colleges and universities creating a professional presentation 20 minutes in length delivered in front of a panel of judges consisting of academics and professional economists followed by a 15 minute question and answer interaction. By advancing through three rounds of competition, successful teams win recognition, with the first place team continuing to Washington D.C. to compete against other regional winners at the Board of Governors.

In addition to the educational benefits and confidence arising through rigorous competition, students benefit from opportunities to apply their experience to acquire internships, discover potential career paths, and hone skills of public speaking, logical thinking, writing, and analysis which are essential to successful integration into the global economy. Instructors of undergraduate institutions benefit through the use of a venue to develop enthusiasm for the study of economics and to integrate their curriculum in macroecomics and money and banking course with an active learning experience promoting both necessary skills for student acquisition as well as student awareness of current events and conditions in the economy and the financial system.

From http://www.ramapo.edu/eea/challenge/index.html