Thirty students across 11 area high schools were among the finalists in an annual essay contest sponsored by the Federal Reserve Bank of Minneapolis. Each received a monetary award, as did their teachers.
First, second, and third place winners of the contest received additional prize money, and the first place winner was awarded a paid summer internship at the Minneapolis Fed.
The contest encourages high school students to study key issues relating to economics. This year’s contest challenged students to consider this question: “What, if anything, should government do to address the adverse consequences of free trade for some firms and individuals?” A team of Federal Reserve staff judged the essays. Thirty finalists were selected from the essays submitted by students in the Federal Reserve’s Ninth District. Additional information about the essay contest can be found here: https://www.minneapolisfed.org/about-us/community-development-and-engagement/student-essay-contest.
A complete list of winners and finalists:
First Place: Sahana Mangipudi, Breck School
Second Place: Jack Major, Robbinsdale Armstrong High School
Third Place: Patrick Cullinan, Minnehaha Academy
Finalists:
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Breck School
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The Blake School
Teacher: David Zalk
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Burnsville Senior High School
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Edina High School
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Little Falls Community High School
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Minnehaha Academy
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Mounds View High School
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Orono Senior High School
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Robbinsdale Armstrong High School
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Shakopee High School
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St. Thomas Academy
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The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.