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A team of six students will travel to Maryland Nov. 2-4 to compete in the regional College Fed Challenge competition held at the Baltimore branch of the Federal Reserve Bank of Richmond.
The students will become monetary policymakers as they assess current economic conditions, determine Federal Reserve goals, and develop a monetary policy that addresses these goals. They are scored on content, responses to judges’ questions, research and analysis, presentation, and teamwork.
“Students learn about the nature of monetary policy and how it is conducted,” says James DeVault, associate professor of economics and team co-adviser. “They also learn how to put together a persuasive presentation and how to work together as a team.”
Lafayette’s team includes: Chencong Bao ’11 (Shanghai, China), a mathematics major; Teevrat Garg ’10 (Haryana, India), who is pursuing a B.S. in mathematics and an A.B. with a major in economics and business; Dylan McNamara ’11 (Pasadena, Md.), a mathematics major; Alex Petroulias ’11 (East Quogue, N.Y.), a mathematics-economics major; Nick Stacey ’11 (Mbabane, Swaziland), a civil engineering major; and Dan Stefan ’10 (Havertown, Pa), a policy studies major. Julie Smith, assistant professor of economics, is team co-adviser.
Other colleges and universities in the competition include: American University, Elizabethtown College, Gettysburg College, Lehigh University, Loyola University-Maryland, McDaniel College, Mt. St. Mary’s University, Salisbury University, Shepherd University, Shippensburg University, Towson University, University of Delaware, University of Maryland-Eastern Shore, and U.S. Naval Academy.