Opportunity brief
About the Competition:
EconQuest is an economics quiz competition designed to test participants' conceptual understanding, analytical reasoning, awareness of economic issues, and ability to apply economic principles to real-world situations. The competition will be conducted in two stages: a preliminary screening round, followed by an offline final.
Eligibility and Team Formation:
- The competition is open to undergraduate college students.
- Participation will be in teams of 2 members.
- Students from different colleges may form a team.
- Students from different courses, specialisations, and academic years may form a team.
- All team members must be undergraduate students enrolled in a recognised college or university.
- Each team must designate one member as its team leader and provide the required details during registration.
- A participant may register with only one team.
Competition Format
Stage I: Preliminary Round — The Qualifiers
- The preliminary round will consist of 10 multiple-choice questions (MCQs) covering various areas of economics, including microeconomics, macroeconomics, development economics, economic thinkers, and economic reasoning.
- Participants will be allotted 10 minutes to complete the round.
- Each correct answer will carry 1 mark, with no negative marking.
- The top 10 teams will qualify for the offline final round.
Stage II: Main Event — The Offline Competition
- The offline final will feature the 10 shortlisted teams competing across five rounds, testing their economic knowledge, analytical reasoning, numerical aptitude, and understanding of real-world economic issues.
- The rounds will include conceptual questions, numerical and analytical problems, questions on prominent economists and their contributions, applied policy scenarios, and a fast-paced buzzer round.
- The competition will follow a cumulative scoring system, with the final rankings determined by the total points earned across all rounds.
- In case of a tie affecting the final rankings, a separate tie-breaker round may be conducted.
Rules and Regulations
- All participants must complete the registration process and provide accurate details.
- Teams must adhere to the prescribed team size and eligibility criteria.
- Participants must report to the venue at the designated time for the offline final.
- The use of mobile phones, internet searches, AI tools, notes, or other external assistance will not be permitted during the competition.
- The time limit for each question or task must be strictly observed.
- In case of a tie, a tie-breaker round may be conducted, with the format and scoring announced by the quizmaster.
- Participants must maintain decorum and follow the instructions of the organising committee throughout the event.
- The organising committee reserves the right to modify the schedule or competition procedure, if necessary, and will communicate any changes to participants.
- The decision of the quizmaster and organising committee regarding answers, scoring, eligibility, and final results will be final.
Evaluation and Results
The competition will assess participants on the basis of accuracy, economic understanding, analytical ability, and overall performance. The team securing the highest cumulative score will be declared the winner, followed by the runners-up.