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Opportunity to participate in 2019 Fed Challenge


Catherine Lau

April 28, 2019

The Economics Department will sponsor a team for the Fed Challenge for the fifth year in a row. Preparing for and/or competing in the College Fed Challenge is being offered as a two-credit independent study in Fall 2019. 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 Federal Reserve Bank and their peers. Two Carthage students from prior teams 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 two-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 of the instructor. Students can participate more than once in the Challenge; sophomores and juniors are encouraged to participate.

This year’s Challenge will be held on Wednesday, October 30, 2019. If you are interested in participating, please contact Professor Cassie Lau at, or stop by CC 239.