McDaniel takes second in regional Fed Challenge competition

November 15, 2010

Months of reading the Wall Street Journal, studying the U.S. economy and discussing macro-economics, often over delectable entrees prepared by professor Kevin McIntyre, paid off Nov. 2 in Baltimore when McDaniel’s team placed second in the regional Fed Challenge competition.

The team of five seniors – Robert Baker, Alexandru Condurache, Jennifer Garnett, Andrew Rauch and Daylen Stoutin – gives credit for their success to McIntyre’s mentoring and, of course, his culinary creations such as favorite pork molé enchiladas. The academic competition, sponsored by the Federal Reserve System, brings together teams of college students to give 20-minute presentations on the U.S. macroeconomy with recommendations on monetary policy. Winners are determined by how well each team presents and defends its points and responds to questions.

McDaniel's Fed Challenge team seniors (front) Alexandru Condurache, Robert Baker, (middle) Andrew Rauch, Jennifer Garnett, Daylen Stoutin, with Economics Associate Professor Kevin McIntyre.

“We started preparing at the beginning of the semester by reading the Wall Street Journal,” said Stoutin. “In the past couple of weeks it became a constant conversation about the economy.”

The top team was Mount St. Mary’s University, followed by McDaniel. Teams competing also included Loyola University, University of Maryland-Eastern Shore and Baltimore County Community College.