WELCOME TO FED CHALLENGE.

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

September 28th, 2012

Who We Are• A high school economics team of six years• Federal Reserve Bank of New York Champions

and National Finalists (2nd place) in both 2007 and 2010

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

Who We Are• Give a presentation of the current economic

conditions and recommend monetary policy to actual Federal Reserve Staff

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

What is the Federal Reserve?• Central bank of the United States

Why Join?• Learn advanced economics– guarantee a 5 on the AP Macroeconomics exam!

• Boost for college resume• Meet well-known economists and professors• Leadership opportunity

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

Who are we looking for?Are you…• An intellectual that would like to take on a

different kind of academic challenge?• Someone who is interested in current events

and happenings in the economy?• A responsible student that can commit to

tackling the Federal Reserve Bank Challenge?

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

About the Fed Challenge• Economics competition sponsored by the Federal

Reserve, the central bank of the United States• Teams of five students and one alternate• 12 minute presentation on current economic

conditions and a monetary policy recommendation

• 10 minute Q & A session conducted by judges from the Federal Reserve

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

About the Fed Challenge• Preliminary round, followed by

Semifinals/Finals• Of the 12 districts of the Federal Reserve, we

are located in the 2nd district, the District of New York.

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

Tryouts• Weekly afterschool meetings every Friday,

where we will teach you basic macroeconomic concepts– This means everyone has an equal chance of

making the team• Two rounds of tryouts in early and mid-

November– Interview format; series of basic, then challenging

questions

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

What to Expect• Frequent meetings as the competition

approaches• Plenty of reading, learning economics• Keep updated on economics conditions

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

What to Expect• December – review basic macroeconomics• January – meet weekly to do research, read,

review previous knowledge, practice Q&A• February – begin to draft the presentation• March – finalize the presentation, meet with

economists (Preliminary Round)• April – daily meetings, rehearse/update the

script (Semi-finals/Finals)

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

Euro Challenge• Similar competition for underclassmen only

(9th and 10th graders)• Focuses on analyzing and representing one

country

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

Euro Challenge• Sponsored by the European Union• Monetary rewards for the top five teams• Advanced to the semi-final round in its first

year

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

National Economics Challenge• National high school economics competition

focused on micro- & macroeconomics, international economics, as well as current events

• 3 rounds: State, National Semi-Finals, National Finals

• Both individual and team components• $15,000 in total prizes

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge

Any Questions?• Expect an email from

hsnfedchallenge@gmail.com• Visit our website for more information at:

http://northfedchallenge.weebly.com/index.html

September 28th, 2012

MEETING ADJOURNED.

Who We Are Join Us The Competition Tryouts What to Expect Euro Challenge