Day 5 | From Theory to Application in Economics Optional | Inflation Example
Day 5 of the series.
Theory alone is basic. Application is what gets marks.
Cournot Model Explained | Oligopoly Theory | Indian Economic Service | Day 19
Firms don’t always fight on price.
👉 They fight on output.
That’s Cournot model.
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Monopolistic Competition Explained | Excess Capacity | Indian Economic Service (IES) Economics
Perfect competition is rare.
👉 Real world = monopolistic competition
Brands = power.
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Price Discrimination Explained | Types & Examples | Indian Economic Service (IES) Economics
Why does the same flight seat have different prices?
👉 Price discrimination
Economics is happening around you every day.
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Monopoly Pricing & Deadweight Loss | Indian Economic Service (IES ) Economics Day 16 | 2026
Monopoly creates:
👉 Higher price
👉 Lower output
👉 Welfare loss
Simple concept. Direct question in exam.
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Dual Economy Explained | Why Economic Growth Does Not Benefit Everyone Equally
Understand why growth can be unequal across sectors.
An economy can grow… while millions still struggle.
(Dual economy model, inequality economics, urban vs rural divide, development issues)