EMU students win second place in Federal Reserve Competition
YPSILANTI — Monetary policy is hard to understand, but three students from Eastern Michigan University made it look easy by winning second place in the College Federal Challenge, a competition sponsored by the Chicago Federal Reserve, Oct. 31 in Chicago.
Economic majors Gary Campbell, of Toronto; Monica Long, of Marshall, and Patricia Cox, of Gibralter, went against 13 teams for the chance to compete at the National Inter-District College Federal Challenge in Washington, D.C.
“I was extremely pleased with the team’s second place finish. This was our first year in competition and we had a late start in preparing,” said David Crary, associate professor of economics, and the team coach. “We had our first team meeting just five weeks before the competition, but Gary, Monica and Patricia worked very hard to prepare and performed very well.”
Teams researched existing financial, international and economic conditions
and made recommendations for the national monetary policy before a panel of judges. Students were judged on their understanding of monetary policy, responses to questions, research and presentations.
“With an earlier start next year, I hope to have EMU represented in the National competition in Washington,” said Crary.
The Chicago Federal Reserve sponsors the annual competition as a way to educate students on how the government creates policies that make a strong and stable economy.
Competing against EMU were Northwestern University, which came in first; Ball State University, Central Michigan University, Indiana/Purdue University at Fort Wayne, Marquette University, Michigan State University, the University of Chicago, the University of Iowa, Notre Dame, the University of Wisconsin-Oshkosh, the University of Wisconsin- Parkside and Western Illinois University.
Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their career and lives, and to be better citizens.
Editor's Note: Looking for an expert source for a story? Check out EMU's Eastern Experts online at www.emich.edu/univcomm/easternexperts.