Before Coming to IBA i had bookish knowledge in Economics. But i don't know how to apply those concepts in our day-day life. But , now iam very happy saying that I am applying Economics concepts in my life and matching those concepts with situations.
Eg: When i went to Barbeque Nation i found there is law of diminishing marginal utility in Barbeque nation. It means where ever i go i am able to relate situations with Economics concepts.
Eg: I want to buy Dairy so i decided to go Majestic but I remember one concept that rational people thinks at margin. I f you go there there will be transport charges and time waste. So i purchased here only, you can also relate that situation Opportunity cost.
It's just because of Kulakarni Sir, teaching and asking us to relate in our day-day life. I got 10 marks in Economics but I am very happy because iam trying to relate the concepts. Before when i was pursuing plus 2 I got 90 marks but no use of it in practical.
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