ECONOFAIR

As part of CIA 1 for the subject Principles of Economics, the School of Commerce, Finance & Accountancy organized EconoFair 2025 on 15th September 2025 at the Activity Hub. The event was designed as an academic exhibition aimed at bridging theoretical knowledge with practical applications, providing a platform for students to showcase their understanding of fundamental economic principles. Open to all faculties and students of the university, the event witnessed an enthusiastic participation of over 50 students from diverse disciplines, reflecting a strong interdisciplinary interest in economics and its real-world implications.

In this academic exhibition, I B.Com Financial Analytics students, under the guidance of Faculty Coordinator Ms. Pallavi Pandey, conceptualized and presented innovative working models that illustrated the dynamics of demand and supply in various market scenarios. Each project was thoughtfully designed to represent a real-world context, making economic theory tangible and relatable. For instance, students demonstrated onion price volatility, highlighting the effects of seasonal supply fluctuations and government intervention on pricing. Another model focused on surge pricing in cab services, effectively illustrating how consumer demand and service availability influence dynamic pricing. Additional projects explored seasonal fruit markets, showing the impact of supply cycles on market equilibrium, and models of government interventions were used to explain concepts such as price ceilings, subsidies, and taxation.

The exhibits were rigorously evaluated by Prof. Avichal Sharma, a faculty member of Economics, and Dr. Arokia Paul from the Teaching Learning Enhancement Cell. Both evaluators appreciated the students’ creativity, clarity of presentation, and the depth of practical insight incorporated into the models. They highlighted how effectively the students connected abstract economic concepts with real-life situations, making the theoretical principles both understandable and engaging for visitors.

Through this initiative, EconoFair 2025 successfully bridged the gap between classroom learning and experiential practice. Students were able to enhance their grasp of key economic concepts such as price elasticity, market equilibrium, and the forces of demand and supply, while simultaneously developing essential skills like critical thinking, problem-solving, collaboration, and innovative reasoning. The process of designing, building, and presenting models encouraged teamwork and reinforced analytical skills, ensuring that students could apply theory to real-world contexts.

Furthermore, the event had a significant impact on the wider university community. Visitors were able to interact with the students, ask questions, and observe practical demonstrations, thereby fostering a culture of active learning and inquiry. By transforming complex economic ideas into engaging, hands-on exhibits, EconoFair 2025 promoted an applied learning approach, motivating students to explore economics beyond textbooks and examinations. The fair also highlighted the importance of creativity and innovation in understanding and solving contemporary economic challenges.

Overall, EconoFair 2025 was not only a successful academic exercise but also an enriching experience for all stakeholders, combining education, innovation, and practical learning. It reinforced the relevance of economics in everyday life and inspired students to think critically about markets, policies, and economic decision-making, making it a valuable addition to the university’s pedagogical initiatives.