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Carthage to participate in Fed Challenge


Catherine Lau

August 28, 2018

The Economics Department of Carthage College will sponsor a team for the Fed Challenge for the fourth year in a row. Preparing for and/or competing in the College Fed Challenge is being offered as a 2-credit independent study in Fall 2018. This opportunity is available for up to eight students.

The College Fed Challenge is a team competition for undergraduate students. Teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee. Participating in the Challenge hones students’ research, presentation and critical thinking skills. During the Challenge, students interact with staff of the Fed and their peers. Two Carthage students from last year’s team were granted internships with the Council of Economic Advisors in Washington D.C.

Carthage competes in the Chicago Challenge, which is run by University of Illinois at Chicago.  The winning team from each region goes on to compete nationally. Competing teams are composed of three to five members; other students involved in the 2-credit opportunity provide research support in preparing for the Challenge and are invited to attend the competition in Chicago. Prerequisites are “Money and Banking” or “Intermediate Macro” with a grade of A- or higher or permission from the instructor. 

This year’s Challenge will be on Wednesday, Oct. 31, 2018.  If you are interested in participating, please contact Professor Cassie Lau at, or stop by Clausen Center 222, by Monday, Sept. 10, 2018.