The Pace Federal Reserve Challenge Team made history in November 2019, winning its fourth first-place title at the 16th annual national College Fed Challenge in Washington, DC. The students, all economics and business economics majors, competed against institutions including Harvard University, Loyola University Maryland, the University of Chicago, and the University of Pennsylvania in their understanding of the US economy, monetary policymaking, and the role of the Federal Reserve System. The team was led by captain Scarlett Bekus ’19, and professors Gregory Colman, PhD, and Mark Weinstock, CBE served as faculty advisors.
“Not only do our team members walk away with the pride of a national title but also with invaluable knowledge and skills we will use in our future education and careers,” Bekus said.
Pace, bested only by the University of Notre Dame, was named first runner-up at the seventh annual college Fiscal Challenge in April 2020. The national competition, in which students construct a strategic plan to put the US federal government’s public debt on a sustainable path, was held virtually and included a special section that was added to discuss issues due to COVID-19.