Compendium admissions 2023-25
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- 27 ECONOMICUS - The Economics Club
| About CONSIG – The Consulting Club of SJMSOM CONSIG assists students of SJMSOM in gaining knowledge and skills required in the consulting domain, along with providing insights into contemporary consulting practices. The club offers a platform for budding consultants to interact with industry stalwarts through seminars or speaker sessions. To sum up, CONSIG seeks to build competencies in the field of consulting through the following a. Regular Workshops b. Industry Interactions c. Live consulting assignments and competitions 26 d. Training and problem-solving sessions for guesstimates and case interviews Apart from preparing the students for consulting jobs, we also conduct quizzes and several interesting case study competitions for the complete growth of an individual, thus helping one to formulate and present their ideas in the best possible way. 27 ECONOMICUS - The Economics Club What is Economy An economy is a large set of interrelated production, consumption, and exchange activities that determine how scarce resources are allocated. The production, consumption, and distribution of goods and services fulfill the needs of those living and operating within the economy, also referred to as an economic system. It is divided into two parts, namely Microeconomics and macroeconomics. Micro economy deals with how the individual responds to Incentives and makes decisions. Microeconomics shows how and why different goods have different values, how individuals and businesses conduct and benefit from efficient production and exchange, and how individuals best coordinate and cooperate. Microeconomics provides a more complete and detailed understanding than macroeconomics. Macroeconomics is a branch of economics that studies how an overall economy, the market, or other systems that operate on a large scale behaves. Macroeconomics studies phenomena such as inflation, price levels, economic growth rate, national income, gross domestic product (GDP, and changes in unemployment. Download 4.08 Mb. Share with your friends:
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