Arthotsav '18 Diaries: DAY 1
February 2018 has officially become lit people; Arthotsav 2018 has begun!
The 7th edition of the economics festival of Ruparel started on 15th February while being inaugurated by Dr. Niranjan Rajadhyaksha, the executive editor of Mint Business daily. It was a proud moment for both, Dr. Rajadhyaksha and our college as well, when we learnt that the very first edition of Arthotsav was inaugurated by his own mentor.
The ribbon was cut, and thus began our fest with Mr. Rajadhyaksha's enlightening - and interactive - session on the pan-planet phenomenon that is Bitcoin. He talked about the beginning and the future of the Bitcoin and what it might mean for the currency we use, how a person in the US paid nearly (for what it is worth today) 150 million dollars (USD) of converted Bitcoin for two pizzas and in the ways the Bitcoin trade proposes challenges for the traditional methods of transactions.
The lecture witnessed an audience in large numbers, eager to learn and ready with their queries regarding the topic- a Q and A session, concluding the lecture.
All the honoured guests on the dais then accompanied the volunteers for a photograph of the entire team of Arthotsav 2018.
The first event of the day, The Wolf Of Dalal Street, began soon after.
A virtual stock market basically, saw all the participants from different colleges come together in samll teams to buy and sell the shares of our (fake-a better word of possible) companies; all suited up, these people meant business.
The (market) prices rose and fell, just like the shouts and yells from the buyers and sellers as each tries to emerge the monarch of this event. The volunteers milled about the crowd, fluctuating the prices and a few companies managed to shock everyone with their profits and values. The photographers captured some candids of the chaos and you will be surprised at how the human facial features turn into frowns and exasperations while the money changes hands.
There was a different level of enthusiasm during the last few minutes as everyone tried to make some last minute money!
Auction Avalanche was a new addition to the list of the events this year, and it got a fantastic response.
A crossword puzzle with a little running exercise to add to the mix catered for the elimination round and then started the real game. The participants had to bid for the boxes filled with various items that they would need for the later stage. Our CP did the honour of the ringing the bell to declare items "sold!" part.
What started as the next round of the event, with people trying to sell the contents of their box, soon turned into the fish-market scenes your school teachers told you were making in class during recess. There was madness, there was chaos and there was the utter skill test of the participants' negotiation skills.
The volunteers soon joined the fun as they too helped advertise the collectors' worthy items like: damaged mobile cases, used books, and a lot more.
Here's a few highlights of the event:
(aka, the top 5 whacky lines overheard at the event)
No matter how chaotic it seemed, what the game tested was the bargaining, negotiation and business skills of the participants.
(Really, one would wonder they picked these skills from, so professional they were to sell "300 ka chaddar 150 mein")
The last event for the day was Pitch It Perfect.
You think you know how to get the deal, oh but you don't. You don't when the products are sprinkler pen, pepper powder, glitter hair oil, mosquito coil with chilly powder, greasy shoes, toothpaste with cement, anti-ageing cream with glue and the like.
But the participants were pros, people. For they managed to present these items with such skill and finesse, that they had the audience clapping and rolling with laughter at the sheer brilliance of it.
The next round tested their abilities to pitch these products from the economic point of view.
They had to present the judges with their annual reports, loss and profit margins, all the while answering their questions on their respective product's cost price.
It was day filled with fun, wit, (fake) business deals and your applied economics. Thus concluded the first day of Arthotsav 2018 and we look forward to seeing you tomorrow.
-Prajakta G., FY
The 7th edition of the economics festival of Ruparel started on 15th February while being inaugurated by Dr. Niranjan Rajadhyaksha, the executive editor of Mint Business daily. It was a proud moment for both, Dr. Rajadhyaksha and our college as well, when we learnt that the very first edition of Arthotsav was inaugurated by his own mentor.
The ribbon was cut, and thus began our fest with Mr. Rajadhyaksha's enlightening - and interactive - session on the pan-planet phenomenon that is Bitcoin. He talked about the beginning and the future of the Bitcoin and what it might mean for the currency we use, how a person in the US paid nearly (for what it is worth today) 150 million dollars (USD) of converted Bitcoin for two pizzas and in the ways the Bitcoin trade proposes challenges for the traditional methods of transactions.
The lecture witnessed an audience in large numbers, eager to learn and ready with their queries regarding the topic- a Q and A session, concluding the lecture.
All the honoured guests on the dais then accompanied the volunteers for a photograph of the entire team of Arthotsav 2018.
The first event of the day, The Wolf Of Dalal Street, began soon after.
A virtual stock market basically, saw all the participants from different colleges come together in samll teams to buy and sell the shares of our (fake-a better word of possible) companies; all suited up, these people meant business.
The (market) prices rose and fell, just like the shouts and yells from the buyers and sellers as each tries to emerge the monarch of this event. The volunteers milled about the crowd, fluctuating the prices and a few companies managed to shock everyone with their profits and values. The photographers captured some candids of the chaos and you will be surprised at how the human facial features turn into frowns and exasperations while the money changes hands.
There was a different level of enthusiasm during the last few minutes as everyone tried to make some last minute money!
Auction Avalanche was a new addition to the list of the events this year, and it got a fantastic response.
A crossword puzzle with a little running exercise to add to the mix catered for the elimination round and then started the real game. The participants had to bid for the boxes filled with various items that they would need for the later stage. Our CP did the honour of the ringing the bell to declare items "sold!" part.
What started as the next round of the event, with people trying to sell the contents of their box, soon turned into the fish-market scenes your school teachers told you were making in class during recess. There was madness, there was chaos and there was the utter skill test of the participants' negotiation skills.
The volunteers soon joined the fun as they too helped advertise the collectors' worthy items like: damaged mobile cases, used books, and a lot more.
Here's a few highlights of the event:
(aka, the top 5 whacky lines overheard at the event)
"300 mein chasma"
"Agar koi Ambani ka beta hai toh yeh blanket leke jao"
"Talent ke liye kharido"
"I effing gave you 80 bucks for that cloth!"
"Chicken soup for 300!"
No matter how chaotic it seemed, what the game tested was the bargaining, negotiation and business skills of the participants.
(Really, one would wonder they picked these skills from, so professional they were to sell "300 ka chaddar 150 mein")
The last event for the day was Pitch It Perfect.
You think you know how to get the deal, oh but you don't. You don't when the products are sprinkler pen, pepper powder, glitter hair oil, mosquito coil with chilly powder, greasy shoes, toothpaste with cement, anti-ageing cream with glue and the like.
But the participants were pros, people. For they managed to present these items with such skill and finesse, that they had the audience clapping and rolling with laughter at the sheer brilliance of it.
The next round tested their abilities to pitch these products from the economic point of view.
They had to present the judges with their annual reports, loss and profit margins, all the while answering their questions on their respective product's cost price.
It was day filled with fun, wit, (fake) business deals and your applied economics. Thus concluded the first day of Arthotsav 2018 and we look forward to seeing you tomorrow.
-Prajakta G., FY
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