A number theory problem by Dang Anh Tu

There are 2000 students standing in the school yard. The mathematics professor wants to select a lucky student to represent the school at a competition.
He gets all the students to line up in a long row, and gives them a number from 1 to 2000. Then, he asks those with an odd number to leave, as they are not lucky enough.
With those that remain, he orders them again from 1 to 1000. Those which have an odd number are told to leave, as they are not lucky enough.
The professor repeats this process again and again until there is only 1 student left in this row.
What is the initial number that was given to the student who remained?

Image credit: Wikipedia B.kedar

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