Professor Sebastien Buttet and nine students from his Principles of Macroeconomics 201 course participated in the College Fed Challenge sponsored by the Federal Reserve Bank of New York on September 18. This “Macro Boot Camp” is the first part of the Fed Challenge, an outreach program run by the Federal Reserve Bank where college students from the greater New York area compete to analyze a case in macroeconomics and provide advice on monetary policy to the Central Bank. This is Guttman’s first year participating in the event.
Topics covered during the Macro Boot Camp included Federal Reserve Bank and monetary policy and using economic data for case analysis. Guttman students found the experience enjoyable and enlightening and asked pertinent questions. Continuing student Miguelissa Martinez, for example, was surprised that wages do not always go up as rapidly as inflation and asked more about this topic.
The second part of the Fed Challenge (semi-finals) will be held October 29. Students will present their case study analysis in front of a panel of economist judges from the Federal Reserve. Professor Buttet will work closely with students to prepare them for the presentation. If the students do well, they will advance to the finals in November.
The City University of New York provides high-quality, accessible education for more than 269,000 degree-credit students and 247,000 adult, continuing and professional education students at 24 campuses across New York City.
CUNY has a legislatively mandated mission to be “of vital importance as a vehicle for the upward mobility of the disadvantaged in the City of New York … ensuring equal access and opportunity” to students, faculty and staff “from all ethnic and racial groups.”
The University is an integrated system of senior and community colleges, graduate and professional schools, research centers, institutes and consortia. From certificate courses to Ph.D. programs, CUNY offers postsecondary learning to students of all backgrounds. It provides the city with graduates trained for high-demand positions in the sciences, technology, mathematics, teaching, nursing and other fields. As CUNY has grown, the University also has strengthened its mission as a premier research institution, building an array of modern facilities and expanding the ranks of its world-class faculty.