Old Dominion University of Norfolk, Va., won a preliminary round of the College Fed Challenge competition, held Nov. 4, at the Federal Reserve Bank of Richmond. The team included students Krzysztof Muzalewski, Jacob Richardson, Kevin Squires, Ayush Toolsidass, Christopher Luke Watson, and alternate Patrick Murdock. The team was coached by Professor Larry Filer and will advance to the Fifth District championship in Richmond on Nov. 14. ODU will compete against the winners from the Richmond Fed's Baltimore and Charlotte branches.
Teams from the University of Richmond, University of Virginia and Virginia Commonwealth University were finalists in the competition. Also taking part were teams from Christopher Newport University, James Madison University, Lynchburg College, Marshall University, Radford University, Roanoke College, University of Mary Washington, Virginia Military Institute, Virginia Tech University and Virginia Union University.
Students delivered 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Judges of the content portion included members of the Richmond Fed's Research staff: Kartik Athreya, Renee Haltom, Andreas Hornstein, Ann Macheras, Bob Schnorbus, John Walter and Alex Wolman; as well as Economic Education manager Melanie Rose. Other Federal Reserve employees – Kathleen Castanien, Amanda Gibson, Rhiannon Liker and Susan Way – served as presentation judges for the competition.
The Richmond Fed sponsors College Fed Challenge, a regional academic competition, to encourage better understanding of the nation's central bank, the forces influencing economic conditions in the United States and abroad, and the ways the economy affects everyone. More information is available online at www.richmondfed.org/education/.
Old Dominion University, Winner
Pictured to left to right: Ayush Toolsidass, Krzysztof Muzalewski, Patrick Murdock, Kevin Squires, Jacob Richardson, Christopher Luke Watson
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.
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