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this class was an insight to observe how economics is relevant and evident in many cases. My article on Chinas economy status, in relation to the 9 key concepts of economics helped understanding that interdependence, change and Economic well-being are essential in the the making and development of an economy

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My article was on SRO getting ready for Sun mission ADITYA-L1.
- i learnt that economics can be used in alot of different areas in the society, there is news on space also which is relating to economics. From the article, I learnt how Space activities can yield diverse economic benefits, including via employment, revenues, technological and scientific excellence, and innovation.

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I thoroughly explored each of the key concepts and evaluated their relevance in my chosen article: 'What if China and India became friends?'.

First, I explored economic interdependence between China and India wherein both countries seek to secure access to resources and markets to support their economic growth.This reliance on each other's resources indicates how scarcity drives cooperation.

Additionally, I learned about how the economic ties between China and India raises questions of equity. China has been enjoying a trade surplus with India, and Chinese investment has played a significant role in various sectors of the Indian economy, such as technology, property, and infrastructure. India's desire to attract investments from other countries and reduce its reliance on Chinese imports may be driven by such concerns.

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This class was one wherein we understood how the key concepts of economics are prevalent in real world scenarios, specifically in news articles.
I delved into an article highlighting the high churn rates and resignations of workers in various companies in the United States of America, all specialising in various fields of work. The article talked about the causes and the effects of the same, while also focussing on why workers prefer switching to the competitors of their existing companies.  I came across several economical terms such as turnover rates, wages, and inflation that helped me get a deeper understanding of the subject. In addition, the inclusion of interviews from real employees provided the article with greater depth, allowing me to further understand why workers have been churning immensely.

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Whilst talking to my peer, I realized that the key concept of change which I had chosen was too generic. I tried to relate this concept to the change in political policy between China and Russia. However, Sarthak disagreed and believed the other 2 key concepts of interdependence (relations between both countries) and intervention (USA's geopolitical intervention) were more linked with the article. Furthermore, we came to a conclusion that the concept of choice can also be initiated in this context with regards to the foreign relations, and how all 3 superpowers are influenced to make this choice on the basis of its consequences.

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Through this lesson, I develop the skill of linking economic concepts to real life situations. After reading through an article on climate change and the strategies and investments required to mitigate its effects, I linked various parts of the article to different key concepts in economics. Since the article discussed the changes in global weather conditions and its implications on the economy, the key concept of change could be easily identified and related to the article. Furthermore, I also linked change to adaptation strategies that were being spoken about the article. Since the article's primary objective was to spread awareness about the importance of financial investments to maintain sustainability and reduce climate change, I linked the key concept of sustainability to the article. Finally the article underlined the importance of efficiently utilizing whilst also saving resources and money to mitigate climage change. Thus, I linked the concept of efficiency to the efficient use of money and resources as discussed in the article.

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i learnt how economics is related to any area in the world and how we can link economics with anything. reading the news article about ukraine russia war and relating it with the factors mam wrote on the board was a very enjoyable and helpful activity.

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Our first key learning out of this activity is that the key concepts of Economics are connected in many events and activities taking place around the world. It could be a political, social, financial, environmental matter, but they would most likely be related to a key concepts in some way or the other. For example, the article which we covered dealt with the transition to digital payment. Economic impacts were not only noticable in the financial aspects but social aspects such as safety, efficency and more.

The second key learning was how the key concepts are applied in a real life situation. For example, what role does choice play from a economic view point when it comes to switching from cash to digital payments as talked about in our article. Answers to such questions aided us in expanding our understanding of the economics key concepts.

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Article Related to Tomato Prices:
My major learning from the activity is how various key concepts are interconnected. For instance, when there is a scarcity of tomatoes, it directly impacts the prices, which subsequently influences consumer choices in their pursuit of economic well-being.

Moreover, it became evident that stakeholders, including producers, consumers, and the government, are interdependent on one another. In situations where tomato prices surge and consumers refrain from purchasing them, producers may be compelled to reduce prices. Here, the government's role becomes crucial as it can advise consumers on alternative measures such as growing tomatoes at home or temporarily avoiding their use until prices stabilize, thereby alleviating financial strain on the public.

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I learnt that news that we may browse or view in our daily lives have a greater connection to economics. I read the news article titled "Sensex, Nifty drop tracking negative cues from asian markets" I was further able to relate this article to concept of Change, Sustainability and efficiency.

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I learnt that economics can be correlated to any area, any news - because the concept of economics is widely applicable in the world. I also gained a better understanding of the key concepts of economics and their applications in real life. From the discussion with my peers, we were able to agree on the application of key concepts.

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Through my article, I learnt about how two companies are establishing a duopoly in the airline industry in India, namely Indigo and Air India. I understood the history of the airline industry in India. Intervention was an important key concept, because Tata recently intervened to buy Indigo. Efficiency is also of the atmost importance in the airline industry to maximize profits.

Key concepts: Intervention, Choice, Efficiency

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This class, I learnt about the key concepts that are associated with economics. I read through an article which was related to the key-concept of sustainability within jobs and businesses.

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Madhav Jain -
Learning #1: Equity refers to the fairness and justice of all people but through unequal means since it acknowledges that all people don't start from the same place. Moreover, in economics it looks at the distribution of capital, goods and access to service throughout the citizens in an economy.

Learning #2: Sustainability is indeed the act of meeting our needs without making the next generation suffer. But it is important to note that to achieve it, there are four key facets to keep in mind - People, Planet, Purpose & Profit

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My article was on the Economic development of Delhi:
- I connected economic well being concept with the development of Delhi post pandemic era
- I also leant about how the choices of the Delhi government helped Delhi to recover from the pandemic loss

- Key concepts: Choice, Sustainability and Economic well being

- Peer ( Taneesha Arora) : Agreed to the key concepts which I identified