WELCOME TO FED CHALLENGE.

1. Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge September 28th, 2012 WELCOME TO FED CHALLENGE.

2. Who We Are • A high school economics team of six years • Federal Reserve Bank of New York Champions and National Finalists (2nd place) in both 2007 and 2010 Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

3. Who We Are • Give a presentation of the current economic conditions and recommend monetary policy to actual Federal Reserve Staff Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

4. What is the Federal Reserve? • Central bank of the United States

5. Why Join? • Learn advanced economics • guarantee a 5 on the AP Macroeconomics exam! • Boost for college resume • Meet well-known economists and professors • Leadership opportunity Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

6. Who are we looking for? Are you… • An intellectual that would like to take on a different kind of academic challenge? • Someone who is interested in current events and happenings in the economy? • A responsible student that can commit to tackling the Federal Reserve Bank Challenge? Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

7. About the Fed Challenge • Economics competition sponsored by the Federal Reserve, the central bank of the United States • Teams of five students and one alternate • 12 minute presentation on current economic conditions and a monetary policy recommendation • 10 minute Q & A session conducted by judges from the Federal Reserve Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

8. About the Fed Challenge • Preliminary round, followed by Semifinals/Finals • Of the 12 districts of the Federal Reserve, we are located in the 2nd district, the District of New York. Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

9. Tryouts • Weekly afterschool meetings every Friday, where we will teach you basic macroeconomic concepts • This means everyone has an equal chance of making the team • Two rounds of tryouts in early and mid- November • Interview format; series of basic, then challenging questions Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

10. What to Expect • Frequent meetings as the competition approaches • Plenty of reading, learning economics • Keep updated on economics conditions Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

11. What to Expect • December – review basic macroeconomics • January – meet weekly to do research, read, review previous knowledge, practice Q&A • February – begin to draft the presentation • March – finalize the presentation, meet with economists (Preliminary Round) • April – daily meetings, rehearse/update the script (Semi-finals/Finals) Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

12. Euro Challenge • Similar competition for underclassmen only (9th and 10th graders) • Focuses on analyzing and representing one country Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

13. Euro Challenge • Sponsored by the European Union • Monetary rewards for the top five teams • Advanced to the semi-final round in its first year Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

14. National Economics Challenge • National high school economics competition focused on micro- & macroeconomics, international economics, as well as current events • 3 rounds: State, National Semi-Finals, National Finals • Both individual and team components • $15,000 in total prizes Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

15. Any Questions? • Expect an email from hsnfedchallenge@gmail.com • Visit our website for more information at: http://northfedchallenge.weebly.com/index.html Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

16. Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge September 28th, 2012 MEETING ADJOURNED.