UConn Stamford Team Competes in the 2025 College Fed Challenge

UConn Stamford Fed Challenge Team outside of the New York Fed after the Orientation, September 2025. From left to right: Dr. Smirnova (faculty adviser), Alexys Williams, Dmitrii Tuzov (graduate student adviser), Angel Bravo, Anthony Brunetto, Kothan Nieves-Orama, Jagger Ferrajina, Constantine Lampronikos.
UConn Stamford Fed Challenge Team outside of the New York Fed after the Orientation, September 2025. From left to right: Dr. Smirnova (faculty adviser), Alexys Williams, Dmitrii Tuzov (graduate student adviser), Angel Bravo, Anthony Brunetto, Kothan Nieves-Orama, Jagger Ferrajina, Constantine Lampronikos.

In the Fall 2025, the UConn Stamford team participated again in the national College Fed Challenge competition, where teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee. This year, 139 teams participated in the Challenge, so the competition was fierce. The video of the UConn Stamford team is here.

Here is UConn Stamford’s 2025 College Fed Challenge Team:

Angel Bravo is a B.S. Economics major with minors in Accounting & Mathematics at the University of Connecticut, where he focuses on financial markets, economic research, and quantitative analysis. His coursework in econometrics, financial accounting, and programming has equipped him with a strong analytical foundation that supports his long-term goal of becoming a quantitative analyst in the banking industry.

During his time as a team member of the Fall 2025 College Fed Challenge, Angel contributed research on tariffs and monetary policy implementation. Beyond the classroom, he is also conducting research on global economic development and income inequality among countries, which he will present at an undergraduate research conference in New York. Additionally, he is an active member of the Economics Research & Policy Club and participates in UConn’s Honors Program, where he served as a student facilitator to promote academic curiosity, leadership, and student-led initiatives.

With his combined experience in research and student leadership, Angel also hopes to one day pursue college-level teaching in the further future. He is deeply committed to his academic and professional development and looks forward to advancing his studies through future master’s work and a career in quantitative finance.

Anthony Brunetto is a senior majoring in economics. His interest in the Fed Challenge started when he saw the 2024 team take a picture with the current Federal Reserve Chair, Jerome Powell, posted in the hallway, and from that point, he was determined to join the team. His main contribution to the team was researching inflation and how the Fed’s policy impacted bond and stock markets. Anthony, while studying economics, has an interest in wealth management, which is directly affected by the Fed’s monetary policy, so he took Money and Banking and Practicum to expand his knowledge of how the Federal Reserve operates and how money works. Anthony plans to use his knowledge he gained in the Fed challenge, as well as his undergrad studies, to become a wealth advisor post-grad.

Jagger Ferrajina is a senior Economics major at the University of Connecticut with a strong interest in monetary policy, global markets, and international trade. He works in vessel operations at John F. Dillon & Co., where he has gained hands-on experience in dry bulk shipping, charter parties, and global logistics.

He is actively involved in UConn’s Fed Challenge and serves as Vice President of the Economics Research & Policy Club, helping create opportunities for students to engage with economic policy and current events on the Stamford campus. Through both academic and professional experience, Jagger has developed a strong interest in the intersection of economics, finance, and global trade, and he plans to pursue a career in these fields following graduation.

Constantine Lampronikos is a senior Economics Major at the University of Connecticut with strong interest in Finance and relationship-driven business. He has developed hands-on industry experience through internships in both the tanker and dry-bulk sectors of the shipping industry, where he worked on voyage calculations, freight rate analysis, and operational logistics. He is fascinated by the way business systems interconnect across markets, industries, and economic environments.

Throughout his undergraduate schooling, he has balanced full-time coursework with professional commitments. Recently, he maintained an internship at John F. Dillon & Co as well as his job as a server at Columbus Park Trattoria in Stamford, both while actively participating in the Fed Challenge and being enrolled full-time in school. Constantine prides himself on his work ethic, adaptability, and ability to cooperate with others. He is highly motivated and continually searching to meet people, gain fresh insight, and build new skills. Outside of academics, he enjoys fitness, travel, trying new things, all while spending time with friends and family.

Kothan Nieves-Orama is a Junior Economics student accelerating his academic career through the 4+1 Fast-Track program for a master’s in public policy. His academic pursuits are deeply informed by his professional experience as a Relationship Banker, where he gained firsthand insight into the complexities and impacts of the banking sector.

As the Editor-In-Chief for the Economic Research & Policy Club, Kothan merges his passion for economic theory with his avid interest in History and Philosophy. This role, along with his dedication to synthesizing complex information, has catalyzed his interest in teaching and mentorship. He actively cultivates these skills as a Path Mentor for incoming Freshmen and as an Honors Ube-Facilitator, a key leadership position overseeing Honors First-Year Seminar Courses across regional campuses. This extensive background in leadership positions will help Kothan to seamlessly transition into a career dedicated to educating future generations.

Calebe Velozo is a Brazilian student majoring in economics with a minor in information technology. His interest in the Fed Challenge grew through studying how monetary policy influences the broader economy and financial conditions. Calebe also works at Apple, where he acquired skills to understand the financial aspect of our monetary policy presentation. For the Fed Challenge, Calebe focused on understanding key economic indicators and how they guide policy decisions. He plans to use the knowledge gained from this experience, along with his coursework, to continue developing in the fields of economics, technology, and data driven decision making.

Alexys Williams is a junior honors student at UConn majoring in Economics. She developed an interest in economics through her love of geography and a fascination with how countries and markets are interconnected. She enjoys exploring the world’s complexity and understanding how economic systems influence global outcomes.

She has applied her interests through internships in asset management and private equity, gaining experience in market monitoring and macro-financial analysis. Her coursework in Money and Banking and Quantitative Analysis has provided a strong foundation in both theory and practice. She contributed to the Fed Challenge team by researching labor markets, which deepened her understanding of macroeconomic dynamics. Alexys also serves as Secretary of the Economics Research and Policy Council, a club dedicated to promoting economic literacy and engagement on the UConn Stamford campus. Outside of academics, she enjoys photography, cooking, baking, and aviation. She makes it a goal to constantly learn, embrace new challenges, and grow from every experience.

The Graduate Student Adviser to the team was Dmitrii Tuzov.

Dmitrii Tuzov is a graduate student in the MS in Business Analytics & Project Management program, where he is pursuing advanced studies in data science, machine learning, and AI-driven decision-making. Before joining UConn, Dmitrii worked as a financial and investment analyst and later advanced into roles spanning the full data analytics vertical: business analytics, data science and engineering, where he delivered predictive models, cost-control systems, and data pipelines that informed both operational and strategic decisions.

He served as an advisor for the Stamford Fed Challenge team, supporting students in economic analysis, forecasting, and policy communication. In this role, he advised students on collecting, analyzing, and interpreting macroeconomic data; showed forecasting and econometric techniques; and guided the team’s analytical argumentation and preparation of evidence-based economic presentations. Beyond academics, Dmitrii is actively involved in AI/ML research and business initiatives and is passionate about helping younger students grow both technically and professionally.

The value of participation in the College Fed Challenge competition can not be overestimated. In addition to a deep academic leaning about the conduct of monetary policy in the U.S., students develop many career competencies that will be helpful in their various pursuits after graduation.

PhD Candidate Edlira Cocoli Presents at the Southern Economic Association Meeting

Edlira Cocli (PhD candidate) presenting her researchEdlira Cocoli (PhD candidate) presented  “Economic Shock and State Support for Higher Education: Evidence from the Northeastern U.S. Using Shift Share Identification” at the Annual Conference of the Southern Economic Association in November.

She constructs a measure of Fiscal Stress and estimates the differential impacts of recent economic shocks on university finances.  A sample of Northeast public flagship universities are evaluated for fiscal stress risk, and policy recommendations made to reduce risk exposure.

Professor Naknoi Published in the Oxford Research Encyclopedia of Economics and Finance

Professor Kanda Naknoi has published an article in the Oxford Research Encyclopedia of Economics and Finance.

The Oxford Research Encyclopedia of Economics and Finance is a dynamic encyclopedia continuously updated by the world’s leading scholars. In particular, Professor Naknoi reviewed both empirical and theoretical studies on “Trade and International Macroeconomics” during the first quarter of the twenty-first century.

https://oxfordre.com/economics/page/recently-published/

Professor Levin in UConn Today: Economics Students Gain Research Experience in Historic Risk Lab

Professor Remy Levin is featured in the current issue of UConn Today:

Economics Students Gain Research Experience in Historic Risk Lab

A UConn economics professor has assembled one of the largest known collections of historical insurance policies from the whaling industry. Now, he’s opened that archive to undergraduates for a hands-on research opportunity preparing them for their futures.

In Connecticut, a state once known as a hub of the American whaling industry and home to the “Insurance Capital of the World,” UConn economics majors are learning how these two industries intersected in the 19th century through a unique undergraduate research experience.

Remy Levin, assistant professor of economics, leads a meeting of his Historic Risk Lab with undergraduate research students in Herbst Hall on Oct. 29, 2025.
Remy Levin, assistant professor of economics, leads a meeting of his Historic Risk Lab with undergraduate research students in Herbst Hall on Oct. 29, 2025. (Bri Diaz/UConn Photo)

Remy Levin, assistant professor of economics, leads the Historic Risk Lab, which studies risk-taking and insurance in the whaling industry. A behavioral economist who specializes in decision-making under uncertainty, Levin has spent the past two years assembling one of the largest known collections of historical insurance policies from any industry in the 1800s.

Now, he’s opened that archive to undergraduates for a hands-on research opportunity that connects economic theory with real-world application…

Read the full article at UConn Today:

Economics Students Gain Research Experience in Historic Risk Lab

Professor Langlois wins the Alfred and Fay Chandler Book Award

The Corporation and the Twentieth Century book coverThe Harvard Business School Business History Review announces that Professor Richard Langlois has won the Alfred and Fay Chandler Book Award for his book The Corporation and the Twentieth Century: the History of American Business Enterprise (Princeton University Press, 2023).

2022-2024 Alfred and Fay Chandler Book Award

We are pleased to announce that Richard N. Langlois has won Business History Review’s 2022-2024 Alfred and Fay Chandler Book Award for his book, The Corporation and the Twentieth Century: The History of American Business Enterprise.

This award is given once every three years to the best book in the field of business history, published in the United States, as determined by a vote of the Editorial Advisory Board of Business History Review.

https://www.hbs.edu/businesshistory

The Corporation and the Twentieth Century also received the Alice Hanson Jones Prize from the Economic History Association, and was a finalist for the George R. Terry Book Award of the Academy of Management.

Professors Coşgel and Miceli Receive JEMAR Best Paper Award

Congratulations to Professor Metin Coşgel and Professor Tom Miceli, recipients of the Journal of Economics, Management and Religion 2025 Best Paper Award for their paper:

Law and Morality: The Decisive Oath as a Means of Resolving Legal Disputes
Metin M. Coşgel and Thomas J. Miceli

ECE Economics Workshop 2025

Ralph Russo, ECE Economics instructor at Guilford High School, explains the Vertical Wall activity at the ECE workshop on October 22, 2025, at the Stamford campus
Ralph Russo, ECE Economics instructor at Guilford High School, explains the Vertical Wall activity at the ECE workshop on October 22, 2025, at the Stamford campus

The Early College Experience (ECE) Economics program is one of the largest at UConn. This academic year, we have 36 schools participating, with 50 teachers running 72 sections of introductory Economics courses. Through the ECE, we offer ECON 1000- Essentials of Economics, ECON 1202 – Principles of Microeconomics, and ECON 1202 – Principles of Macroeconomics.

Instructors are certified to teach those courses through a rigorous process of professional development events. The 2025 annual professional development workshop was held on October 22, 2025, at the Stamford campus. We had 31 teachers in attendance.

The speakers included national-level economic educators from Federal Reserve Banks of New York and St. Louis, Marginal Revolution University (MRU), a non-profit provider of economic education materials, and MoneyLing, financial literacy non-profit provider.

The agenda was packed with presentations of innovative pedagogies in the engaging environment:

  • At the Local Level: Classroom Activities for Microeconomics
  • The Big Picture: Basics for Teaching Macroeconomics
  • Global Trade: Who Wins, Who Loses, and Why It Matters
  • The One Where No One Has a Job: Teaching Unemployment and Labor Force Participation Rates
  • Teaching and Learning Economics with FRED Data in the High School Classroom
  • Moneyling – Financial Literacy Program for Schools

Participants explored various techniques that would get their students interested in the economic way of thinking, economic analysis, and contemporary economic issues. Instructors came away with the materials that could be immediately used in their classrooms.

Teachers working on the Vertical Wall assignment
Teachers working on the Vertical Wall assignment

A new feature this year was the sharing of “working well in the classroom” technique by the Guilford High School teacher, Ralph Russo, who demonstrated the “Vertical Wall” activity from the “Building Thinking Classrooms” methodology. The photos show how enthusiastic workshop participants were to engage in this activity. Learning from their colleague and trying out how it feels to be a student in this classroom were the highlights of this demonstration.

Overall, the workshop participants shared their satisfaction with the content of the training. The new location in Stamford was advantageous to the instructors located in Fairfield County.

The Economics Department would like to thank the Stamford Events team for helping with the logistics of this workshop.

Teachers working on the Vertical Wall assignment
Teachers working on the Vertical Wall assignment

Graduate Assistant (GA) Training Workshop – Fall 2025

The Department of Economics held its Fall 2025 Graduate Assistant (GA) Training Workshop on Monday, October 13. Offered each semester, the workshop brings together faculty and GAs to share practical guidance on effective teaching, classroom management, and student engagement.

This semester’s session featured presentations by Professor Chihwa Kao, Professor Jackie Kai Zhao, and Professor Tianxu Chen, who leads the GA training program and teaches Econ 6492: Teaching Economics. Professor Kao shared insights from his extensive teaching experience on creating engaging classroom environments and encouraging active student participation. Professor Zhao discussed strategies for fostering meaningful learning through constructive feedback and helping students reflect on their progress. Professor Chen highlighted approaches for promoting active learning and building supportive classroom communities, drawing on her experience teaching large undergraduate courses.

The workshop also provided GAs with an opportunity to exchange experiences and reflect on ways to enhance their teaching effectiveness. It continues to serve as an important platform for developing pedagogical skills, building community among graduate instructors, and reinforcing the department’s commitment to high-quality undergraduate teaching.

 

Stamford Public Economics Students Learn About Public Service

The curriculum of the Public Economics class includes discussions about government finance. It was then appropriate for students at the Stamford campus in Dr. Smirnova’s class to meet a public official from Stamford. Mr. Gerald R. Bosak Jr. has served Stamford as a member of the Board of Finance, the Board of Education, and currently as a Zoning Board Commissioner. He is aspiring to become Town Clerk of the City of Stamford.

Mr. Bosak shared with students how the City’s finance plans are deliberated and how the University negotiated with the City for the new dormitories’ construction. The most heated discussion evolved around the affordable housing issue as well as the overdevelopment of the City’s beach front. Students had a lot of questions for Mr. Bosak regarding cost-benefit analysis’s role in the policy decisions by the Stamford government. All of these public policy issues connect closely with the course curriculum and with the project students are working on in this class.

Mr. Bosak encouraged students to participate in the local government by attending meetings, voicing their concerns and ideas, and volunteering. In the end, the visit not only related the economic concepts of costs and benefits, budgets, deficits and debt to the actual local government functioning. The visit also inspired students to be active citizens in their communities.

Mr. Jerry Bosak with several students from Dr. Smirnova’s Public Economics class on October 16, 2025, at the Stamford campus
Mr. Jerry Bosak, center, with several students from Dr. Smirnova’s Public Economics class on October 16, 2025, at the Stamford campus.

Professor Kai Zhao Elected to CES Board of Directors

professional headshotProfessor Kai Zhao has been elected to the Board of Directors of the Chinese Economists Society.

Founded in 1985, the Chinese Economists Society (CES) is a U.S.-registered non-profit academic organization. It aims to promote scholarly exchange among economists and to advance and disseminate research in economics and management sciences, with a focus on China. In his new role, Professor Zhao will contribute to CES’s mission of fostering dialogue on key economic issues and supporting the development of young scholars.