Pace University Wins National Economics Competition for Third Time in Four Years

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Seven-Member Team Wins Federal Reserve’s Annual ‘College Fed Challenge'

Pace University College Fed Challenge Team

This team’s dedication and success as well as that of their professors is a great example of the experiential learning and meaningful mentorship that is the hallmark of the Pace Path. -- President Marvin Krislov, Pace University

Pace University today won the 14th annual national College Federal Reserve Challenge, marking the third time in four years that Pace has won the prestigious competition that tests students’ understanding of the U.S. economy, monetary policymaking and the role of the Federal Reserve System.

The finals were held in Washington D.C. as the capstone to five district competitions held around the country. Undergraduate teams from across the country first competed in their local Reserve Bank Districts, and top teams moved on to the finals. Last month, the Pace University team won New York’s regional competition. The Pace team faced competition at the national level from Harvard University, Princeton University, University of Virginia-Old Dominion, and University of Wisconsin-Whitewater.

"I am deeply proud of the Pace University team,” said Pace University President Marvin Krislov. “This team’s dedication and success as well as that of their professors is a great example of the experiential learning and meaningful mentorship that is the hallmark of the Pace Path. The team members are exemplary students and their drive and determination has paid off with this great victory.”

All seven members of this year’s Pace team are Economics/Business Economics students in Pace’s Dyson College of Arts and Sciences. The team members are Klejdja Qosjdja, Marina Testani, Salil Ahuja, Carly Aznavorian, Scarlett Bekus, Aleksandra Bruno, and Argenys Morban; Professors Greg Colman and Mark Weinstock served as the team’s advisors. The Economics Department, guided by Joseph Morreale and the Deputy Chair, Anna Shostya, provided enormous support to the team throughout their journey to the finals.

Participating teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeled on the work of the Federal Open Market Committee. Teams competing in the finals gave presentations and answered questions for a panel of senior Federal Reserve officials.

About Dyson College of Arts and Sciences: Pace University’s liberal arts college, Dyson College offers more than 50 undergraduate and 14 graduate programs, spanning the arts and humanities, natural sciences, social sciences, and pre-professional programs (including pre-medicine, pre-veterinary, and pre-law), as well as numerous courses that fulfill core curriculum requirements. The College offers access to numerous opportunities for internships, cooperative education and other hands-on learning experiences that complement in-class learning in preparing graduates for career and graduate/professional education choices.

About Pace University: Since 1906, Pace has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in Lower Manhattan and Westchester County, NY, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, Elisabeth Haub School of Law, and Seidenberg School of Computer Science and Information Systems.

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Cara Cea
Pace University
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