Learning In Economics

At first we use to learn the various concepts from books now we are learning to apply those economics concepts in real life like the law of demand in the simulation game where we see the inverse relation of demand with prices, the types of market like monopoly, monopolistic competition etc that are really existing in the real world, an example of perfect competition is the local vegetable market where goods are homogeneous goods and where price is the main factor the determines the demand.
Some of the complex concepts can be easily explained when you try to observe those concepts in real life like economies of scale can be very well explained by iron and steel industry where fixed cost is high  and if they don't produce in high quantities  the fixed cost per unit will remain high and the average cost will also high. economics is an very interesting, even while bargaining for a product economics is there i.e consumer surplus, and when it is looked from the producer point of you that is called producer surplus, at first I use learn from the books and then apply in real world but its better to have a look around you because economics is everywhere, you will just find the terminology of the consumers and producers behaviour  in the books but the application part is best part of learning.