Posted at 2:36 p.m., Tuesday, November 13, 2007
Hawaii students to take part in Federal Reserve event
Advertiser Staff
A symposium featuring representatives from the Federal Reserve Bank of San Francisco and a simulation of the Federal Open Market Committee will be held Thursday at the University of Hawai'i-Manoa.Three teams of Hawai'i Pacific University students from HPU Finance and Economics Professor Leroy Laney's Money and Banking class, and two teams each from UH-Manoa and UH-Hilo will participate. The symposium — set for 10 a.m. to 3 p.m. in Kuykendall Hall, room 101 — is free and open to the public.
The event also will include a presentation, starting at 12:45 p.m., featuring a real-time Federal Open Market Committee simulation — with university students portraying committee members and voting on monetary policy and the target Federal Funds interest rates.
The symposium was established through the bank's University Symposium program that utilizes dynamic exercises and student involvement to educate undergraduate students about the functions of the Federal Reserve system.
Federal Reserve representatives work with students and university staff for several weeks prior to the symposium to answer questions about economic resources and offer direction on preparing student presentations. Students are provided information on current economic conditions that introduces them to current debates on the economy and monetary policy.
