ZOOLINOMICS - Explore the world of Economics!

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 " Everything Precious in Life has a Cost! " - Russ Roberts  



Every facet or domain of our life is full of Economics. Be it how we manage our households or businesses or The Economics of Zoo Keeping. Keeping this view in mind, an engrossing 
activity 'Zoolinomics' was organized for the students of DP 1.

The Activity was based on how you can apply the theoretical concepts of economics like scarcity, choice, economic problem, opportunity cost, trade-off, etc... to real-life scenarios. What are the dilemmas of the producers and how the economic decisions are taken in a constrained environment keeping the consumer behavior in mind and targeting the efficient utilization of resources?
This activity helped the students to apply the knowledge of basic economic concepts and utilize critical thinking and communication skills (ATL) to showcase their creativity (Creativity - CAS) behind the application of these concepts. Through this activity students of DP 1, Economics designed a virtual zoo and dwelled upon various perspectives behind the zookeeping in connection with the knowledge of Economics. The session definitely gave students an enriching experience and some food for thought.

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