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Carthage competes in College Fed Challenge

January 09, 2018

A team of students, led by Professor Catherine Lau, traveled to Chicago to participate in the College Fed Challenge in November 2017.

A team from Carthage participated in the College Fed Challenge for the third time.

The competition allows students to investigate the state of the economy, create a policy, and see how that would affect the national economy and individual citizens. Each team then presents its research to representatives from the Federal Reserve Bank of Chicago.

After helping the team to place higher than its counterpart from the much-larger Michigan State University in 2016, three returning members led Carthage back to the Windy City competition in November.

Nasreen Pournik ’18 relished a second run.

“It is a unique opportunity that gives students a chance to work together on something they may not study in their major,” she said.

Team members come from a variety of backgrounds. The other six participants were Troy Durie ’18, Grant Dunham ’18, Greigh Hoeft ’18, Jackson Bailey ’19, Michael Viroglio ’18, and Andy Seymour ’18.

“The application of economic concepts was challenging but also really cool,” said Andy, an accounting and finance major. “The work was a good way to refresh my knowledge and apply major economic concepts to a high-level scenario.”

Professor Catherine Lau, chair of the Accounting and Finance Department, oversees the College’s Fed Challenge team. Participating students receive two independent study credits for the semester-long project, which culminates with the regional competition.

Carthage placed third in its assigned pool — behind only Northwestern and Notre Dame universities — earning commendation for its creative approach to address excess reserves.