PGDAV College Economics Society’s annual fest “Ecolibrium”

The campus of PGDAV saw a bustling of activities from the 6th-7th of March as the Economics Society’s annual fest “Ecolibrium” commenced.

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The campus of PGDAV saw a bustling of activities from the 6th-7th of March as the Economics Society’s annual fest “Ecolibrium” commenced. The fest saw numerous events and activities such as“Mock Stock”, “Treasure Hunt”.  “AD MAD” amongst others, taking place over the course of the function. Most notably, a creative spin off from the common place Model United Nations, the Economics Society decided to host a “Model World Economic Forum” in which participating students became delegates representing various countries, corporates and organizations from around the world.

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 The “MWEF” spanned the whole fest and consisted of delegates engaging in back to back discussions and deliberations over the various socio-economic issues and challenges the world faces today. The conference didn’t restrict itself to endless debating but proposed intelligent solutions on many problems and reached consensus on several issues. As in the real world, the conference wasn’t without it’s engaging nature with the delegates delivering eloquent speeches highlighting the extent of responsibility and hence, sacrifice certain people have towards an issue and the path to solutions. Climate change was a topic which saw the greatest confrontation with delegates of developing nations emphasizing more sacrifices on part of the developed nations and corporations due to their greater responsibility in causing harm to the environment but the later pointed out that climate change is something that affects everyone and hence all nations need to collectively combat it. 

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The path to development of the Least Developed Countries also saw informative speeches with current efforts towards it because being highlighted by the respective delegates and unlike the climate change debate, it had consensus on most issues such as need to develop agriculture and provide widespread quality education. The conference was able to provide a great platform of debate and discourse and sensitized students on the problems that the next generation will inherit and trained them in working together and finding solutions. Another notable event of the fest was “Summit 1.0” with Chief Guest Mr. C.R. Chaudhary, Minister of State for Consumer Affairs, Food & Public Distribution along with reputed economists, Rathin Roy, director of NIPFP, Prof. Surajit Mazumdar from the Center for Economic Studies & Planning and Prof. Suresh Agarwal, Head of Department of Business Economics.Prof Suresh Aggarwal spoke extensively on the effects and future prospects of “Demonetization” on the economy and GDP of the country and whether it could be called a success or failure. Mr. C.R. Chaudhary concluded the thought provoking and intellectual talk by elaborating on the purposes of the move and its successes in some areas and other government policies to uplift the people of India. The great success of the event was championed by the Organizing Committee of Equilibrium headed by the President of the Economics Society, Akansh Varshney who guided the team through the complexities of fest and event planning to ensure the smoothness and comfortable running of the fest which truly stood out in the DU Circuit.

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ECOLLIGENCE 2017 : THEANNUAL ECONOMICS FEST OF PGDAV COLLEGE The economics society of PGDAV college, ECOLIBRIUM hosted its annual fest ECOLLIGENCE 2017 on the 06th and 07th of March 2017. Both of the days saw enthralling events taking place, drawing participation from various colleges of the city. The second day saw five major events. It started with SIMULATION in continuation of the previous day followed by the WHIZ QUIZ. It began with an introduction briefing the rules. It had 11 teams participating in pairs of two. The preliminary round involved participants answering multiple-choice questions. 8 teams made it to the next round which was the Oral Question-Answer Round. After three rounds of thick competition, the quiz reached an interesting point where everyone had their fingers crossed. Two teams were eliminated and the rest went for the Audio-visual round where they were asked to identify eminent personalities and the speakers by listening to the audio played. Four teams made it to the finale-buzzer round.This was highly interactive as every team tried its best to grab maximum number of points. Teams from Motilal Nehru College and Shaheed Bhagat Singh College had a tie for the first position the first and the team from Maharaja Agrasen College and Motilal Nehru College ended as runners-up. The society also arranged a CASE STUDY on Developing Economies: From Poverty to Prosperity.Imagining oneself as the Chief Economic Adviser of the country Guinea,participants were asked to pave the five year road map for the development of the economy taking into account the given information, in the light of the current socio-economic scenario prevailing across the world. 

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Speakers talked of various sectors where there is a scope of development focusing on the main challenges of youth unemployment, corruption, worsening urban poverty and the shortage of public services. Special mentions were made regarding the problem of refugees and the economic reforms which were proposed but not properly implemented. Ebola epidemic that ended in December 2015 was also a major part of every speaker’s research and further discussion. Areas to focus were highlighted: Security and governance, Education and healthcare, infrastructure:roads and railways, business and foreign relations. Further interjections by fellow participants took place. The judges appreciated the detailed research by each of the speakers and their view points. Team of two from IIT-DELHI bagged the first position. Furthermore, exhilarating games were also arranged for the participants that included ‘EBOLA’- the economics version of the famous game TAMBOLA. Participants took part in it with great zeal and enjoyed every bit of it. The gala event ended with the ever-thrilling TREASURE HUNT consisting of three major rounds. Round 1 was Scavenger Hunt in which the participants were given 50 minutes to find and bring items from a given list of 30. Points were allotted and eliminations took place. In the second round, participants had to hunt for Pokemon’s name in the college campus and these names were the followup clues for the third round. Overall, the entire event ended on a high note with everyone appreciating the collective efforts of all the society member sand the volunteers in putting up such a great two-day show with every event successfully held and being noteworthy.

Reporter - Akankshya MohantyAniruddha Ghosh