They say, “one should not bite off more than one can chew”.
The question is, should one bite off more if one CAN chew more- be it food, profit or responsibility?
The discourse surrounding this question is very relevant to this event, where participants will represent different countries (which will be allotted to them beforehand) and discuss the topic at length- Should developed countries take more responsibility and initiative towards tackling climate change?
You will need access to cold, hard facts to back up your stance. Take down opposing teams with the strength of your arguments and the confidence of your smile.
Things you need:
Ever thought about how you would do as captain of the ship? The wheel’s in your hands, the course is yours to chart. Economic crisis is looming large, and YOU have to be the one to solve it. Participants must come up with a policy to defuse (or solve, if you must) the issue at hand. The given problem may vary from a microeconomic issue like a staff strike at your college campus, to quintessential macroeconomic problems, like the solution to world hunger. As can be expected, when dealing with real life situations, other disciplines like sociology, psychology, and political science also come into play.
The rules are simple- After finding out your designated economic problem through chit-picking, you will be given a fixed period of time to come up with a new policy/solution to the problem.You can, of course, draw inspiration from existing policies, but the final result must be your own. The other competitors will be allowed to ask questions/comment on your solution.
An interdisciplinary approach, out of the box thinking, and a strong economic base is the key to earning brownie points!Maximum entries: 10
Bring out the gambler in you through this fun and interactive stock market stimulation as you invest, buy, and sell shares of companies in a bid to make your investor portfolio heavy duty. Experience the excitement of a stock market, as you walk around shouting your throats dry, in a chaotic ‘fish market for the well dressed’.
Further details will be explained on the day of the event.
Play the market before it plays you and don't forget to bring along your paracetamol; it’s gonna get loud in here.No of participants per team: 2
“Dead men tell no tales”
Well, we aren’t dead, but we’re not telling either!
Just show up at the right day at the right venue and find out what this event has in store for you!
P.S. No cell phones allowed. A decent store of knowledge? Sure.No of participants per team: 1
Calling all foodies with a passion for economics or economists with a passion for food… Masala Allocation is here and it is spectacular. Start your own restaurant and economize your raw material and your products, as you move along the path to becoming the best Masala Economist.
Participants will be given a sum of money to begin with, using which they can purchase different food items. Make your own dish and sell it smartly in a bid to run the most successful venture of all. The prices of the raw material, demand for food and supply of raw material is of course subject to change. One man’s extra tomato could just be another’s salad bowl, so don’t forget to plaster on your most winning smile as you trade for different food items and climb your way to the top of the restaurant chain. All the materials will be provided to the contestants, so don’t try sneaking in some contraband of your own.
All you future entrepreneurs, chefs, restauranteurs, dig in!
Eat your fill...if you have it in you!No. of participants per team: 2-3
Financial literacy is a crucial aspect of every person’s life, it’s important for an individual to effectively implement money management practices for personal as well as professional growth. Personal finance is about applying the principles of finance to the monetary decisions of an individual. It deals with how individuals obtain, budget, save and spend monetary resources over time, taking into account various financial risks and future life events. Investment in stock market, insurance policies, social security benefits, income tax management, credit cards, retirement plans and savings account are components of personal finance. With personal finance having so much importance in one’s life, it only makes sense to further gain knowledge in this area.
Big shots coming and conducting, so finance people, assuming you don’t want to miss out
Be seated on time and take notes!
The growing importance of environmental economics is quite apparent. What kind of planet are we inheriting from the ones that came before us? Do we need to help make it better? How would we begin to set about this enormous planetary task? Think of yourselves as an environmental task force as you understand what you need to do to make sustainable development a reality.
Environmental economics is the area of economics that studies the financial impact of environmental policies and how sustainable development can be made a reality. Environmental economists perform studies to determine the theoretical or empirical effects of environmental policies on the economy. This field of economics helps policy makers design appropriate environmental policies and analyse the effects and merits of existing or proposed policies. Environmental economics will help one understand some important and controversial issues- such as climate change policy, nuclear power, recycling policy, and traffic congestion charging. This is an exciting field of economics to study, and very much at the heart of many public debates and controversies. Come delve deeper into this extremely relevant and contemporary discipline of the economic world.
To enhance our knowledge on this topic, we have Mr. Bruhaspathy Rao, Senior VP Project pioneer, Pioneer Industries giving us a masterclass.
Gross domestic product is the measure of the value of aggregate output of an economy, it is the market value of all the final goods and services produced in a country during a specific time period. GDP is the most basic economic growth indicator, which is considered during policy making or before taking any sort of decisions in an economy.
With time, technological changes and many more 21st century inventions have changed the way we live. This is only makes it trickier to compare living standards over time. Yet such comparisons are not just routinely made, but rely heavily on a single metric: gross domestic product. This one number has become shorthand for material well-being, even though it is a deeply flawed gauge of prosperity, and getting worse all the time. That may in turn be distorting levels of anxiety in the rich world about everything from stagnant incomes to disappointing productivity growth.
Finally, when your basic growth indicator is questionable and labelled as “a bad gauge of material well-being”, what do you, as an economics enthusiast have to say?
Find out what our guests have to say, when we open the conference to discussing the motion, “Is GDP an accurate measure of national economic growth?”