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Federal Reserve Challenge Competition

Please Join the BMCC Student Team for the Federal Reserve Challenge Competition
Please attend the Finance and Economics Club meetings

When: Every Wednesday
Where: F-701
Time: 2pm

INVITATION TO PARTICIPATE TO THE BMCC FED COLLEGE STUDENT 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.

Participating in the discussions for the Fed Challenge presentations, not only significantly enhances student learning about the economy and monetary policy from the government but it also presents significant opportunities for academic distinction for students. Since the competition is one of the few well established academic competitions at the national USA level, it is associated with students receiving scholarships for study and potentially admission to prestigious universities. BMCC students who in the past participated in the Fed Challenge discussions have been admitted with scholarships in universities such as Columbia University, New York University, Cornell University, University of California at Los Angeles, University of Virginia, etc.

WEEKLY MEETINGS Wednesdays at 2pm in Fiterman Hall 701

Fall semester Weekly meetings every WEDNESDAY, 2 -3.30pm in Fiterman Hall room 701

During the meetings lunch and soft drinks will be provided

Review MIT Macroeconomics Lecture notes available online at
http://ocw.mit.edu/courses/economics/14-02-principles-of-macroeconomics-fall-2009/

Read, analyze and understand FED Minutes and Announcements available at
http://www.federalreserve.gov/monetarypolicy/

Recommended classes to take include Macroeconomics ECO 201, Intro to Finance FNB 100 and Money & Banking FNB 250 (all of which transfer to senior colleges)

You can watch videos of past Fed Challenge presentations at YouTube by searching for Fed Challenge

The BMCC student presentation team for 2013 is already established but students are encouraged to be involved so to prepare for the November 2014 presentation

For further information, please contact Dr. Yanni Tournas ytournas@gmail.com

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