The purpose of this article is to provide guidance for instructors who wish to develop a course associated with student participation in the College Fed Challenge (CFC), an academic competition designed to test students' knowledge of current economic events and monetary policy. We eschew a lecture-only methodology and use small-group and team-based learning to effectively prepare students for this endeavor. Under this framework, students play an active role in the classroom experience, develop critical research and public speaking skills, and benefit from cohesive peer interaction. Samples of in-class activities and the accompanying grading rubrics are provided for seamless instructor implementation.