Econs – the Economics Club of IIM Kashipur is one of the seven academic clubs of IIM Kashipur. Econs bears the responsibility of increasing awareness, generating inquisitiveness, and fostering passion among the students and faculty in the field of economics.
The economics club was founded in the year 2019 as an interest-based club to impart knowledge, invoke discussions and conversations pertaining to economics, and highlight its importance and linkages to different business domains. Late American scholar Warren Bennis said that “Success in management requires learning as fast as the world is changing”. Keeping up with this notion, the club has found it extremely pertinent for aspiring managers to be aware of “Economics” affecting their daily lives and make them better prepared to tackle business situations efficiently. Since its inception, Econs has gradually attained the status of a core academic club and has carried out a plethora of activities in this direction.
In the first year of its functioning, the club conducted ‘Arthashastra’, the flagship event of Econs, during Agnitraya 2019, which saw participation by around 450 teams from various B-schools across India. In this competition, different teams designed a feasible economic policy of their choice that resonated with India’s ultimate goal of achieving a five trillion-dollar economy. Along with that, Econs also conducted an ‘Infographics Making Competition’ covering topics like the future of banking, green Economy, and the effects of immigration on the Indian Economy. Econs also conducted the ‘Union Budget Prediction Competition’ wherein the participants had to guess highlights of the Union Budget and the participant with the closest prediction took away the prices. The event was welcomed with utmost enthusiasm.
The club makes the students aware of the domain by posting short articles bi-weekly through its social media handles on Twitter, Instagram, Facebook, and LinkedIn. For the academic year 2019-20, the posts have covered topics like RBI monetary policy highlights, US elections impact on the Economy, and Atmanirbhar Bharat 3.0 to name a few. Along with the weekly posts, social media handles also feature monthly newsletters. The club shared this academic year’s first newsletter for the month of October 2020. The comprehensive issue featured the fragile state of the NBFC sector in India along with articles on comparing the Chinese Economy with the Indian Economy and giving a brief about the economic aspect of “Stubble Burning”. With an objective to inculcate the interest in reading in the field of economics, the newsletter also featured a review of a famous book ” Of Counsel-The Challenges of the Modi-Jaitley Economy” written by our former Chief Economic Adviser, Government of India, Mr Arvind Subramanian. Along with these, the newsletter had lighter sections like “Jargons” and “Current Affairs” too.
The club provides a platform for all the people to discuss, debate, and design on the current economic developments and government or regulatory policies and announcements. Throughout the year members of the club also conduct knowledge sharing sessions through case studies, quizzes, and games to instil and fuel a growing interest among students to understand and analyze their theoretical concepts towards practical applications.
On the corporate front, the club extensively interacts with experts and industrial stalwarts in the field of business and economics to share insights regarding the latest happenings through a seminar or a lecture. Econs became the first academic club in IIM Kashipur to conduct a guest lecture in Conscientia 2020 leadership talk series. The eminent speaker of the guest lecture was Mr Dhiraj Nayyar, the Chief Economist of Vedanta Group and a former member of NITI Ayog, who delivered an insightful session on the relevance of economics for the managers.
Through its numerous strides in continuously highlighting different aspects of economics, Econs has achieved a distinct recognition in keeping up with its mission and being a forerunner for the same. The aim is to increase awareness about Economics among students. Our mission is to inculcate interest among the students of IIM Kashipur in economics and help them understand how economics is interlinked with various fields. We work to bring together all the economics and business enthusiasts inside and outside the campus together to discuss and debate the major economic events of the world to foster new ideas for the future.