A team made up of students from Columbia College , Barnard and General Studies have won this year's College Fed Challenge, sponsored by the New York Federal Reserve Bank. The $50,000 prize from the Moody's Foundation will be shared by the Barnard and Columbia Economics departments, faculty advisors and the students.
The Barnard/Columbia/General Studies winning team of five included: Devaughn Fowlkes, CC '04, Ken Harada, CC '05, Victoria Shenderovich, GS '04, Melissa Thompson, BC '04, and Jenny Tolochko, BC '04, who competed against teams from 12 other schools from the tri-state area. The team was coached by Steve Malin, a senior economist at the Federal Reserve Bank.
The College Fed Challenge, now in its third year, is an economic competition organized by the New York Federal Reserve Bank. Five-member teams from local New York colleges and universities create a 20-minute presentation about the status of current economic conditions and forecast how the economic and financial conditions will affect monetary policy. The competition was initiated in 2001 by Barnard student Parastu Malik.