Back to
school days, I studied about economics in a mugged up way. But that was a
theory based. I did not know that I would in a B-school studying economics. To be
frank, coming from engineering background the first two sessions was a
nightmare for me. I could not understand what’s was happening around me. I did
not understand why this economics subject was introduced to pgdm. Slowly moving
from session to session I realized that this subject is very much important not
only in pgdm but also in real life. This economics principles made me to
introspect the situations where I used this in real life in the form of a blog.
Remembered the situations Started from bargaining in a market to law of
diminishing marginal utility in restaurants.
After midterm we were introduced to simulation
part. This is best way to understand economics, every week we are coming up
with a new strategy by understanding different market scenarios. I cannot
forget this subject because whenever I do any activity, I may link that situation
to economics principles.
Thank you
sir for teaching economics in easier method.
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