New & Noteworthy
College of Business Students Compete in Federal Reserve Challenge
November 7, 2018
Justin Austin, Richard Sinclair, Kelly Babcock, Simon Levy, and Tyler Watts at the Federal Reserve Bank of Chicago.
College of Business seniors Justin Austin, Kelly Babcock, Simon Levy, and Richard Sinclair represented Ferris State at the College Federal Reserve Challenge held on October 31, 2018 at the Federal Reserve Bank of Chicago. The team, which is the first of its kind from Ferris, is coached by Economics professor Tyler Watts.
Fed Challenge teams of up to five students present for 15 minutes on the economy and monetary policy, followed by 15 minutes of Q&A from the judges. Each team faces three or four other schools in a morning round, with the top team from each group competing in the afternoon for the regional title and a trip to the Fed Challenge national finals in Washington, DC.
This year, 18 schools from the Chicago Fed district sent teams to Fed Challenge, and the field was very competitive. The Ferris team placed 2nd out of four teams in their morning round, being edged out of the finals by the team from UW-Madison that would go on to win the region in the final round.
“Our Ferris students performed ably, especially given a very short preparation time and having only four students,” said Watts. “Despite not advancing to the regional finals, our students had a great time competing and learning about the intricacies of the Fed and monetary policy, and will be able to build upon their Fed Challenge experience as they pursue careers in economics, finance, and business.”
The College of Business at Ferris State University provides career-oriented education, responding for over 100 years to the changing needs of the business world. The curriculum prepares graduates to deal with real issues as members and leaders of tomorrow’s workforce. More information about their minor in Economics can be found at the Ferris Course Catalog.