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Using the Fed Challenge to Enrich the Teaching of a Money and Banking Class

Allison Shwachman Kaminaga (), Aziz N. Berdiev and Laura Beaudin
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Allison Shwachman Kaminaga: Bryant University
Aziz N. Berdiev: Bryant University
Laura Beaudin: Bryant University

Eastern Economic Journal, 2024, vol. 50, issue 2, No 4, 213-234

Abstract: Abstract We describe the Fed Challenge Project, an experiential learning project for a Money and Banking course. In this project, modeled after the College Fed Challenge Competition, student teams present on the current state of the economy and create and defend monetary policy recommendations. The project gives students an opportunity to enhance their knowledge of monetary policy and develop important economic skills including data analysis and visualization, critical thinking, research, communication, and collaboration. Three elements of the project—relevancy of content, a combination of individual and collaborative work, and the inclusion of common and creative aspects—combine to enhance learning objectives.

Keywords: Economic education; Money and banking; Fed Challenge Competition (search for similar items in EconPapers)
JEL-codes: A10 A22 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1057/s41302-024-00268-3

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