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Pace Wins Nationals

News Story

For the third time in four years, Pace students earned top marks at the national College Federal Reserve Challenge, beating out tough competition from the likes of Harvard and Princeton. Congratulations, Setters!

Pace students just 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 US economy, monetary policymaking, and the role of the Federal Reserve System.

The finals were held in Washington, DC, as the capstone to five district competitions. 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 team won New York’s regional competition. They faced stiff 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 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 Qosja ’18, Marina Testani ’18, Salil Ahuja ’19, Carly Aznavorian ’19, Scarlett Bekus ’20, Argenys Morban ’19, and Alexandra Bruno ’20; Professors Gregory Colman, PhD, and Mark Weinstock served as the team’s advisors. The Economics Department, guided by Joseph Morreale, PhD, and the Deputy Chair, Anna Shostya, PhD, 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.