College Fed Challenge

Stamford Team Competes in the College Fed Challenge 2020

This year, the College Fed Challenge competition was virtual. It was a challenging transition to understand the intricacies of new rules and regulations and to pivot in September to be ready by October 9. But the UConn-Stamford team was well-organized, enthusiastic, and well-prepared to put forward the arguments that the current economic situation warrants keeping the target federal funds rate unchanged.

The 2020 team consisted of five Stamford students: Cullen Murphy (ACES, sophomore), You Kim (Financial Management and Economics, senior), Shayla Siljkovic (Linguistics and Philosophy, sophomore), Eileen Zhu (Economics, junior), and Rashana Weerasinghe (Business Data Analytics, sophomore). They worked virtually; very diligently, creatively, and collaboratively. They describe the challenges of this new environment as the loss of a camaraderie of in-person interactions, technical difficulties, and physical isolation. However, the presentation that they put forward combines the intellectual rigor of each member, deep research of economic indicators, and a collective vision of what the forecast of current economic conditions looks like.

You can watch their presentation here.

Our team did not make the next round of the competition this year, which is, of course, disappointing. However, the learning that has occurred was a worthwhile experience. First, each student has developed an expertise in a selected economic indicator or industry: each team member researched, constructed graphs, and made connections with overall economic development as well as with monetary policy implications. Furthermore, students gained highly valuable skills such as critical thinking and teamwork. These are the skills that are transferable to other professional environments such as a graduate school or a workplace.

You can read the students’ reflections here:

Cullen Murphy – Stamford Fed Challenge 2020

You Kim – Stamford Fed Challenge 2020

Shayla Siljkovic – Stamford Fed Challenge 2020

Rashana Weerasinghe – Stamford Fed Challenge 2020

Eileen Zhu – Stamford Fed Challenge 2020

The course that will be used to prepare a team for the next year’s competition is ECON 3492 – Practicum. It is offered every semester. Stamford students who are interested in joining the team should contact Dr. Smirnova. The student’s major does not matter – all majors are welcome! What matters is the desire to learn about the economy and monetary policy, and to be open-minded to work well in a team.

 

Econ Undergraduate Students at the Boston Fed Challenge

Once again this fall the Economics Department sponsored a team of students to compete in the annual Fed challenge competition that was held at the Boston Federal Reserve. Again our students did very well, just barely missing the finals.

There were five groups with five universities competing in each group. The school with the highest score in each group moves on to the finals. Every year the competition level gets higher. In our group, the five scores ranged from 80 to a high of 91. We were close to making the finals, our team had a score of 88.5. We are proud of our students’ accomplishments.

The participating students were Sam Berkun, Tyler Dibrino, Michelle Grieco, Marisa Infante, Joe Mortimer, James Rice, Brianna Sullivan, Kyle Tesei and Ajshe Zulfi.

The faculty advisers were Derek Johnson and Owen Svalestad.

Stamford Campus Econ Students Present at the New York Fed Challenge

The New York FED is one of five Federal Reserve Banks that host the FED Challenge Competition. The regional winners go to the final round at the FED in Washington D.C.  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.

The 5 team participants were:

Front row: Ryan Dodd,  Olga Jaramillo; Middle row: Chris McLaughlin (a two time participant), graduate assistants PD Aditya and Gul-e-Rana; Back row: Esteban Peralta, Randall Giles.

The students were assisted in their preparations by Professors Oskar Harmon, Kanda Naknoi and Steven Lanza.

The team received invaluable assistance from three graduate student assistants (PD Aditya , Di Yang, and Gul-e-Rana from the Stamford Business School MBA.

 

Econ Undergraduate Students Present at the Boston Fed Challenge

Congratulations to the undergraduate students from the Storrs campus who took part in the College Fed Challenge!

Tyler DiBrino, Gabriel Hack, Max Karsanow, Ari Nishimura-Gasparian, John Roberts, Alexander Rojas, Joaquin Sanchez, and Timothy Sullivan all participated on behalf of the University of Connecticut – Storrs in the 2017 Fed Challenge held at the Boston Fed on Friday, November 3rd. The students, and their faculty advisors Derek Johnson and Owen Svalestad, are shown at left in Boston.

Sponsored by the Board of Governors of the Federal Reserve, 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.”

Econ Undergraduate Students Present at the NY and Boston Fed Challenges

Stamford Econ Undergraduates Present at NY Fed ChallengeCongratulations to the undergraduate students from the Stamford and Storrs campuses who took part in the College Fed Challenge this month!

Sponsored by the Board of Governors of the Federal Reserve, 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.”

The Stamford team (above left) participated in the NY Fed Challenge, competing against forty-one other schools.

The Storrs team (below right) presented at the Boston Fed Challenge, competing against twenty-four other New England schools.

Storrs Econ Undergraduates Present at Boston Fed ChallengeCongratulations to both teams on all of their hard work in this competition!

Stamford Team:

Joanna Ksiazek
Chris McLaughlin
Amir Parikh
Shrey Patel
Alex Rojas
Ravinder Singh
Dr. Julia Coronado (Advisor)
Professor Oskar Harmon (Advisor)
Professor Steven Lanza (Advisor)
Professor Kanda Naknoi (Advisor)

Storrs Team:

Patrick Adams
Matt DeLeon
Erik Eason
Gabriel Hack
Ed Leardi
Stephen Mwangi
Matt Regan
Joe Roessler
Professor Owen Svalestad (Advisor)