Economics as a subject was very interesting to me right from the time I was introduced to it. The concepts and the laws that I had learned were really interesting and I was very fond of the subject as a whole. Now when I again started with this subject in IBA, this trimester, the theories and the laws that I came across were very similar to what I had known, but still, initially, I did face some problem. Most probably it was due to the way the subject was thought was. In the beginning, getting accustomed to the new practical process of teaching was a bit of a challenge to me, but as time went by I got used to the process. Now it thinks that this example and practical based approach is the best of them all. Secondly, I also got to learn about simulation. It is a very interesting way to test out our thinking process and also a way of integrating everyone in the game. It was a very involving activity as it and brings in all our efforts and it feels quite real.
Economics when applied to real life sounds beautiful. this blog is for those students who are discovering the different facets of economics applications and want to share their discoveries.
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IMPACT OF SOCIETY /SOCIAL GROUPS ON PURCHASE INTENTIONS OF HOME BUYING- Consumers are the most important factor that will make any bus...
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Supply in elastic:if the supply is difficult to replace the product by a substitute goods then that is known as supply-in-elastic. Example...
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MARKET STRUCTURE: there are different market structures that can be characterized to an economy, without market structure any company ca...
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If the supply is easy to replace by multiple suppliers then it’s known as supply elasticity. Any unskilled worker is an example of supply e...
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