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Fed Challenge Fall 2016

Fed Challenge Fall 2016. 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

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Fed Challenge Fall 2016

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  1. Fed Challenge Fall 2016

  2. 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 21st this year)

  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 systemand 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 late November till end of fall semester!

  10. Proposed dates for Fall 2016 Meetings: Mondays 7pm, Room: TBA (Berkey, most likely) • September 12th , 19th, 26th • October 3rd, 10th, 17th, 24th , 31st • November 7th, 14th

  11. MSU’s recent performance

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

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

  14. Contact • aeimit @msu.edu

  15. 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 policy

  16. 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!

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