Annual Fest – “Ecoweek 2022”

Ecoweek is a week-long Annual fest conducted by Ecolibria, under which various

events are conducted. As part of Ecoweek, the following events will be held:

1. Event: CORPORATE CHANAKYA

Proposed/Actual Date:
Round 1: 21st Jan 8 PM- 9 PM || Online Quiz
Round 2: 29th Jan 5 PM – 7 PM || Presentation
Venue of event: Online (Zoom Meetings)
Event Description:
The annual event conducted by Ecolibria which invites students from various colleges.
It’s an inter-college event open to students from all the streams which is conducted
under fest Ecoweek. It’s a team event with each team consisting of two or three
members.
1st round:
Quiz which tests the general aptitude and knowledge of the economics of the
participants.
Final round:
2nd round is a Model Budget for Indian Economy submission in a presentation format
in which participants must allocate funding to different portfolios depending on their
comprehension in order to achieve various economic goals and how that will help
India in achieving its GDP targets and keeping macroeconomic factors in check. It is a
presentation round where shortlisted teams will present their budget in front of judges.
Justification:
The event tests a combination of economics knowledge and general awareness. As
the Economics and Strategy Cell of NMIMS, we will provide students a wonderful
opportunity to put their budgeting skills along with the Union Budget of Indian that will
be announced on 1st Feb to test, which will be essential in safeguarding their future
financial stability and give them a wholesome understanding on how scarce resources
are utilized while running a socialist country like India. This completion will assist
students in creating short-, medium-, and long-term goals as well as tracking their
progress toward meeting their overall financial goals.
Mode of Conduct: Online (Zoom Meetings)
Resources used: Zoom, D2C Platform s
Manpower used: 6 people (Ecolibria Team)
Budgetary Implication: 27K in cash and 40K in Kind
Prize Money: Rs. 25K Cash and 40K kind
Number of Winners: (If Any) 2
2. Event: CRICBID

Proposed/actual Date:
Round 1: 26th Jan 8 PM – 9 PM|| Online Quiz
Round 2: 28th Jan 8 PM- 10 PM || Online quiz
Round 2: 30th Jan 6 PM – 10 PM|| Live Bidding

Venue of event: Online (Zoom Meetings)

Event Description:
The annual event conducted by Ecolibria. It’s an inter-college event. It’s a team event,
with each team consisting of 2 or 3 members. Furthermore, it is a full-fledged event
consisting of 3 rounds.
1st round:
Quiz which tests the general aptitude and knowledge of the economics of the
participants
2nd round:
This round is an online quiz event for those teams shortlisted in the 1 st round. The
round will be conducted on the principles of economic concept called “Game Theory”.
3nd round:
The third round is a live bidding round in which participants will use their entire budget
to bid on various players with varying points, with the objective of maximizing total
points while satisfying the challenging constraints put towards them.
Justification:
As the Economics and Strategy cell of NMIMS, we offer the participants a platform to
comprehend the core tenets of bidding and planning while also keeping up with all the
participating teams. It tests the players and gives them real exposure to handle the
resources and strategize various methods to make the best purchases under
pressure. What makes this competition unique is the fact that the estimating
procedures are real, and they prove to be instrumental in simulating the reality of the
bidding process.
Mode of Conduct: Online (Zoom Meetings)
Resources used: Zoom, D2C Platform
Manpower used: 6 people (Ecolibria Team)
Budgetary Implication: 26.5K in cash and 40K in Kind
Prize Money: Rs. 25K Cash and 40K kind
Number of Winners: (If Any) 3

3. Event: Trade offs

Proposed/actual Date:
Round 1: 24th Jan 8 PM – 9 PM || Online Quiz
Round 2: 27th Jan 8PM – 11PM || Final Round

Venue of event: Online (Zoom Meetings)

Event Description:
A two-round event to test negotiation and business skills of students of both the years
organized by Ecolibria.
1st round:
Quiz which tests the general aptitude and knowledge of the application of principles of
economics
2nd round:
The second round is a live round where teams will take the role of a country and
negotiate with each other to make a deal for various resources. The common aim of
all teams will be to maximize their net worth, which will include the value of resources
and cash they are holding.
Justification:
Through this event Ecolibria, the Economics and Strategy cell of NMIMS will provide a
platform for students to make strategic decisions, extract useful metals and oil
reserves, create a market such as a monopoly or oligopoly and enhance negotiation
skills by optimizing their resources, interpreting the global business news and striking
the deal at desirable prices with other teams.
Mode of Conduct: Online (Zoom Meetings)
Resources used: Zoom, D2C Platform
Manpower used: 6 people (Ecolibria Team)
Budgetary Implication: 20K in cash and 40K in Kind
Prize Money: Rs. 20K Cash and 40K kind
Number of Winners: (If Any) 3