2012 Fed Challenge Team Wins First Round Bracket

Headed to the New York Fed for the 7th Year in a Row

For the 7th year in a row, a team of economics students from Rutgers-Newark will be going to the New York Fed to compete in the semi-finals of the College Fed Challenge.  To get there, the team had to defeat 5 other colleges and universities from the NY/NJ area. 

The College Fed Challenge is a national competition in which teams of 5 students act like the Federal Reserve, analyzing the state of the economy and setting monetary policy.  The team makes a 15 minute power point presentation and then responds to questions posed by a panel of judges for 15 additional minutes. 

The first round of competition was held on Friday November 9th, with a total of 36 colleges and universities competing.  Only 6 schools advanced to the semi-final round held at the New York Fed on November 14th.  The 6 schools were Rutgers Newark, Cornell, NYU, Pace, Hamilton and SUNY-Geneseo.  On November 14th, the competition was won by Pace University.

This year's team was composed of 4 seniors (Michael Jen, Harry Edelman, Andrew George, Edson Cornejo) and one junior (Adeel Ganju).  All 5 students are economics majors; most of the students have a second major such as history, mathematics or finance.  The team was coached by Professor John Graham.  The assistant coach was Sher Singh, an MA economic student who was a member of the 2010 and 2011 teams.

Rutgers Newark has been competing in the Fed Challenge for 8 years.  Its first round victory on November 9th marks the 7th straight year that the team has won its first round match and advanced at least as far as the semi-finals at the New York Fed.  No other college or university in the area has won their first round match as often as has Rutgers Newark.