Students Learn Lessons from Nobel Laureate Peter Diamond

Queensborough’s Fed Challenge Team participated in the 2012 Fed Challenge Scrimmage with Gateway Community College of New Haven, CT and North Shore Community College, which hosted the event on April 26 in Danvers, MA.

The goal of the scrimmage is for students to learn about the complexities of the monetary process while honing their skills as presenters and team players.

The program’s highlights included remarks by Nobel Laureate Dr. Peter A. Diamond, one of the world’s leading economists, who addressed issues surrounding unemployment and debt.

The collegiate Fed Challenge has been held for a dozen years nationally. Queensborough was the first community college to enter the event nine years ago. Its objective is to promote understanding among college students of the Federal Reserve System.

The student presentations address economic indicators such as consumer confidence, unemployment and inflation. Topics also cover the housing market issue and the weakening of the U.S. dollar. The incentive to be part of the team—which requires many hours of preparation, including evenings and weekends— is to earn honors credits for business courses.

Queensborough’s Fed Challenge team members are Ean Chin Ang, Girrell Banks, Thalia Berrospi, Nathaly Callejes, Robin Christian, Gabriela Gomez, Samuil Hague, Andrew Kim, Helen Kwok, Santana Newell, Nekesha St. Rose, Kandola Singh and Tanvir Walia. Advisors and chaperones from the business department are Professor Ben Murolo; Dr. Christine Mooney; and Professor Ed Hanssen.