ECONOMICS STUDENTS TAKE FIRST PLACE IN FEDERAL RESERVE STATE COMPETITION

A team of Old Dominion University economics students won first place in The Federal Reserve Bank of Richmond's second annual College Fed Challenge competition Nov. 18-19. The Old Dominion team, participating for the first time, beat out teams from Virginia Tech, Roanoke College, and Virginia Commonwealth, Virginia State and Liberty universities.

The College Fed Challenge competition consists of student teams delivering 20-minute presentations on monetary policy to economists at the Richmond Fed. Teams are scored on content, teamwork, responses to questions, presentation and style. The competition encourages better understanding of the nation's central bank, the forces influencing economic conditions in the United States and abroad, and the ways the economy affects everyone.

Led by Larry Filer, assistant professor of economics, the winning team members included seniors Heather Larson, a finance major; Jason Horning, economics; Christopher Kent, decision sciences; Deron Krietemeyer, finance; and Charles Neu, economics. The team was sponsored by the Center for Economic Education and the Department of Economics in the College of Business and Public Administration at Old Dominion University.

The Federal Reserve Bank of Richmond is one of 12 District Reserve Banks that together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Richmond Fed serves the Fifth Federal Reserve District, which encompasses the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.