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November 7, 2006

St. Francis Students Compete in Monetary Policy Contest

College Fed Challenge 2006 – November 7

The actions of the Federal Reserve are highly significant to the national and global economy but they remain a mystery to many. That's why every year the New York Fed hosts the College Fed Challenge to teach students from the region about how and why monetary policy decisions are made. This year, five students at St. Francis College are taking part in the challenge on November 7, going up against almost two dozen other schools in the areas.

The students, mentored by Economics professor, Dr. Behrouz Tabrizi, attended a monetary policy seminar last month and have been working on deciphering economic data about the U.S. economy and international trade. Now they will present their findings to a panel of economists, college faculty and New York Fed officials. The students are scored on their presentation, answers to follow up questions and teamwork.

"It's great being selected for this competition, since not every college has the privilege to take part," said Junior Rosemarie Madrid. "Attending the orientation was a fantastic opportunity to learn more in depth about the Fed, what they do and how they do it. All the researching, reading about interest rates, inflation rates and wages has been a great way for us to learn. Dr. Tabrizi and Economics Chair, Dr. Patricia Quick have been a great help by mentoring us and bringing guest lecturers to our classes."

The College Fed Challenge is a program aimed at sparking interest among students in economics and finance. It is also a way for the Federal Reserve Bank of New York to improve relationships with colleges.

St. Francis College is proud to offer a new five year combined Bachelor's and Master's Degree in Accounting. It is a natural progression for the college which has turned out numerous highly successful students in the fields, including recently elected St. Francis Board of Trustees Chairman, Brendan Dugan, president of the Business Banking Division of Independence Community Bank and William Parrett, Global CEO of Deloitte & Touche.

St. Francis College, founded in 1859 by the Franciscan Brothers of Brooklyn, is located in Brooklyn Heights, N.Y. Since its founding, the College has pursued its Franciscan mission to provide an affordable, high-quality education to students from New York City's five boroughs and beyond.
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St. Francis College, 180 Remsen Street, Brooklyn Heights, NY 11201
www.sfc.edu

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