| On Friday, April 15, 2005 at 9:00
and 9:45 a.m., ten students in Mrs. Angela Bullock's Advanced
Economics classes competed in the FED Challenge 2005
District Semifinal Competition, Cleveland, via
videoconference at Paul Laurence Dunbar High School. This is the
5th year Mrs. Bullock's students have participated in the FED Challenge, but the first time by videoconference.
Normally, Mrs. Bullock's students participate in the
Cincinnati division, but this year the Cincinnati competition
fell during Fayette County's Spring Break, and students cannot
participate in school activities during this time. So,
arrangements were made for her students to participate in the
Cleveland division through videoconferencing.
The FED Challenge is a national competition
sponsored by the Federal Reserve to further the understanding
of money, banking, the FED, and monetary policy. In teams of
five, students prepare a fifteen-minute presentation on the
following:
- Analysis of current economic conditions
as of the day of the competition
- Forecasting economic, financial, and
international conditions relevant to the formulation of
monetary policy
- A discussion of significant issues that
should receive special attention in the formulation on
monetary policy
- A recommendation as to whether the FED
should raise, decrease, or take no action as to the short
term interest rates, and students must give their their
reasons for their recommendations
After the presentation, the judges spent
fifteen minutes asking the student presenters questions. The judges
for Friday's competition were from the Federal Reserve Bank of
Cleveland's Research Department: Mike Bryan, Vice President
and Economist; Bruce Champ, Economist; Mark Schweitzer,
Assistant Vice President and Economist; and Guhan Venkatu,
Economic Analyst.
The two teams competing from Dunbar: Team
1A (9:00-9:30 am) - Nick Swisher, Geoff Hughes, Eric Lin,
David Haye, Jim Nally; Team 2A (9:45-10:15 am)- Shiori
Eguchi, Ashley Johnson, Joe Cook, Justin Hall, Jessica
Lewkowski
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