About the event: -
On 19th April 2024, the event started at 11: 00 a.m. with the first slot entering the game. First and foremost, the students were enlightened with the rules and regulation of the game. The game was played in 4 slots and it was followed by the final game round for slot winners.
Rules and Regulations: -
The game board is the centerpiece of Econopoly. It is a board where different colors will represent different Economic Sectors or Industries.
- The game uses a unique currency - “Capital Coins”. They will represent each team’s wealth and will be used by every team for various transactions. Each player will receive a predetermined amount of capital coins as their starting wealth.
- There are various economic related cards that differentiate Econopoly from a normal Monopoly - Property Cards, Market Cards, Investment Cards.
- Property Cards: Property cards represent specific properties under each sector or industry. This card will display important information including property’s value, rent and sector affiliation.
- Market Cards: Market cards will introduce various economic events and opportunities throughout the game, which will significantly impact the game’s outcome by either assisting or hindering the teams. 5. Investment Cards: Investment cards allow players to invest in different sectors or industries, potentially increasing the value and rent of their properties.
- Participation in teams of 2 members. Game will be played in slots and the winners from each slot will compete against each other in the finale.
Objective of the event:-
The objective of the game is to build the student’s mind in critical thinking by letting them decide which properties they want to buy; what kind of investments they want to make in the role of a capitalist.
Learning outcomes: -
- a.Playing this game will enrich a student’s business mind.
- b.They gain valuable insights on topics such as Risk Management, Portfolio Building and the interplay of demand and supply, and last but not least trading.