North Shore Community College’s team of Economics and Finance Club students, under the leadership of Economics Professor Moonsu Han, placed first in Massachusetts and were first runners-up overall in the New England Regional Community College Fed Challenge Competition.
The competition encourages the development of important skills such as research and analysis, decision-making, argument formulation, and effective communication. Participants play the role of the Federal Reserve by analyzing economic conditions and recommending an appropriate course for monetary policy.
Teams are judged by members of the Boston Fed Challenge leadership council which includes professors from Bentley University, Boston College, Dartmouth College, Quinnipiac University, Tufts University, Salem State University and a Federal Reserve Bank Director. Professor Han is the only community college professor that serves on the leadership council.
NSCC team captain Mark Maney, from Ipswich, along with teammates Christopher Cole, Christopher Supple, and Max Caron, all from Newburyport, James Rhuda, from Middleton and Jamie Piskorowski, from Peabody, spent several semesters conducting intense research and analytical observations in order to prepare for the competition.
The NSCC team along with their advisor, Professor Han, traveled to the Federal Reserve Bank in Boston on November 14 where they competed against teams from Manchester Community College (NH), Middlesex Community College, and Bunker Hill Community College. Manchester Community College came away with first place.