Learning Economics the Experiential Way: Understanding Ordinal Utility at Poddar
At Poddar Group of Institutions, academic excellence meets practical learning. On 02/02/2026, students of BBA Semester-II at Poddar International College experienced this philosophy firsthand in their Business Economics class conducted by Ms. Charushi Jain. Recognized among the best colleges in Jaipur for BBA , the institution emphasizes experiential learning that helps students connect classroom concepts with real-world decision-making. The session focused on the concept of Ordinal Utility - the idea that consumers rank their preferences rather than measure satisfaction in exact numbers. Instead of relying only on theory, Ms. Jain transformed the classroom into a decision-making laboratory. Students selected well-known cafés and restaurants of Jaipur and were asked to rank them based on parameters such as ambience, price, location, food quality, service, and overall environment. Each student created preference rankings according to personal choice. Through comparison and d...