News Release| Department of Economics and Statistics; Cal State L.A.

Media Advisory: Tuesday, May 29

College students learn first-hand what it is like
to manage the Federal Reserve

CSULA team to compete in open market simulation

WHAT:          On Tuesday, May 29, college students nationwide will converge on the Cal State L.A. campus to learn about the Federal Reserve System and how our nation’s central bank influences the U.S. economic and business climate. Conducted by Gary Zimmerman, senior economist at Federal Reserve Bank of San Francisco (FRBSF), the University Symposium will offer undergraduate students dynamic exercises developed by representatives from the FRBSF.

MORE:          The symposium will include a presentation regarding the current
                       economic outlook presented by a FRBSF economist, followed by
                       a real-time Federal Open Market Committee (FOMC) Simulation
                       with university students taking on the role of FOMC members and
                       voting on monetary policy and the target federal funds interest rates.

CSULA students enrolled in the ECON 303 “Money, Banking, and the Economy” class and ECON 435 “Market Indicators and Federal Reserve Policy” class will participate in the FOMC Simulation.

WHEN:          Tuesday, May 29, 2012, 6:10 - 9:30 p.m.

WHERE:        Cal State L.A.’s Golden Eagle Ballroom 3. The University is located at the intersection of the 10 and 710 freeway. Public permit dispenser parking is available at Lot 5 or upper level of Structure C. For campus maps and directions: /univ/maps/

INFO:             For details: http://www.frbsf.org/education/teachers/symposium/index.html. 

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Working for California since 1947: The 175-acre hilltop campus of California State University, Los Angeles is at the heart of a major metropolitan city, just five miles from Los Angeles’ civic and cultural center. More than 20,000 students and 220,000 alumni—with a wide variety of interests, ages and backgrounds—reflect the city’s dynamic mix of populations. Six Colleges offer nationally recognized science, arts, business, criminal justice, engineering, nursing, education and humanities programs, among others, led by an award-winning faculty. Cal State L.A. is home to the critically-acclaimed Luckman Jazz Orchestra and to the Honors College for high-achieving students, opening in fall 2011. Programs that provide exciting enrichment opportunities to students and community include an NEH-supported humanities center; a NASA-funded center for space research; and a growing forensic science program, housed in the Hertzberg-Davis Forensic Science Center. www.calstatela.edu