CS Mayank Agrawal

This is the second chapter of Microeconomics where we will study Consumer's Behavior, Concept of Utility, its types, Consumer's Equilibrium in case of single commodity, two commodities, Ordinal Approach /Indifference Curve, Budget Line V. Budget Set, Consumer's Equilibrium through Indifference curve & Budget line. Numericals & HOTS Questions.

CBSE Class 12

Hindi

(Hindi) Consumer's Equilibrium

Consumer Equilibrium & Demand

Introductory Microeconomics

Economics

Ace in Class XI Examination by understanding all the concepts of Mathematics and Science, with these courses.

CBSE Class 11

Class 6-12

Become a topper in your school and ace your board exams by learning from best educators in the country

CBSE

CBSE (Central Board of Secondary Education)

This is Overview of Course-2 i.e. Consumers' Equilibrium. This lessons tells you about topics and contents of course, my technique of teaching and how we are going to proceed.

Course Overview (in Hindi)

Lesson-1 Describes about basic terms to understand consumer behavior, Approaches to measure Consumer's Equilibrium, Concept of Utility, Types of Utility. (in Hindi)

Lesson-1 Concept Of Utility & Approaches to Study Consumer's Behavior (in Hindi)

This lesson explains Relationship Between Total Utility & Marginal Utility with Table, graph and examples. It also explains Law of Diminishing Marginal Utility (DMU) and it's assumptions.

Lesson - 2 Relationship Between TU & MU, Law of Diminishing Marginal Utility (in Hindi)

This lesson explains numericals for measuring Total Utility & Marginal Utility, Missing Figures etc.

Lesson-3 Numericals on Measuring Total Utility & Marginal Utility (in Hindi)

This lesson introduces 2 Situations Of Consumer's Equilibrium , Technical terms to understand Consumer's Equilibrium in case of single commodity. For eg. MU(X), MU(M), MU(X) / MU(M), MU(X) / P(X) etc.

Lesson-4 Technical terms to understand Consumer's Equilibrium in case of Single commodity (in Hindi)

This lesson explains Consumer's Equilibrium in case of Single Commodity (Approach 1) which states that MU(X) in terms of money should be equal to price to attain condition of Equilibrium

Lesson-5 Consumer's Equilibrium - Single Commodity (Approach-1)

This lesson explains Consumer's Equilibrium in case of Single commodity (Approach - 2) where he is said to be in Equilibrium when MU(X) / P(X) = MU(M). I.e. Marginal Utility per Rupee is equal to Marginal Utility of Money

Lesson-6 Consumer's Equilibrium - Single Commodity (Approach - 2)

This lesson explains conditions of Consumer's Equilibrium in case of two commodities.

Lesson - 7 Consumer's Equilibrium - Two Commodity Case

This lesson explains the cases where consumer is not at Equilibrium position i.e. When MU(X) / P(X) > MU(Y) /P(Y) OR MU(X) / P(X) < MU(Y) /P(Y) nd Related questions asked in BOARD EXAMS

Lesson - 8 Cases when Consumer is not at Equilibrium

This lesson contains Numericals on Consumer's Equilibrium in case of Single Commodity & Two Commodity which requires thorough knowledge of Conditions of Consumer's Equilibrium.

Lesson - 9 Numericals on Consumer's Equilibrium (in Hindi)

This lesson explains Ordinal Utility Approach and related terms like Indifference Curve, Indifference Map, Monotonic Preference, Marginal Rate of Substitution (MRS)

Lesson-10 : Ordinal Utility Approach (in Hindi)

This lesson covers topics - Indifference Curve with the help of Schedule & Graph, Reason Behind Declining MRS & Indifference Map with the help of Graph.

Lesson-11:Indifference Curve - Schedule & Graph (in Hindi)

This lesson explains Properties  of Indifference Curve (Convex, Downward, Higher IC-Higher Satisfaction, IC can never intersect) & Assumptions of Indifference Curve

Lesson-12-Properties of Indifference Curve (in Hindi)

This lesson explains about Budget Set & Budget Line with the help of example. It also explains calculation of  combination of budget line and budget set

Lesson - 13: BUDGET LINE V BUDGET SET

This lesson explains Budget Line with the help of Schedule & Graph. It also explains Properties of Budget Line on the Basis of Graph.

Lesson - 14 : BUDGET LINE - TABLE & GRAPH

This lesson explains Changes in the Budget line due to change in the income of consumer and change in price of commodities.

Lesson-15 : Changes In Budget Line

This lesson explains Consumer's Equilibrium through Indifference Curve & Budget Line - With the help of Table. It explains Conditions of Consumer's Equilibrium.

Lesson-16 : Consumer's Equilibrium through Indifference Curve Analysis - Schedule

This lesson explains Consumer's Equilibrium through Indifference curve Analysis with the help of Graph and also explains the second condition for determining Equilibrium I.e MRS should continuously falls

Lesson - 17 : Consumer's Equilibrium through Indifference Curve Analysis - Graph

This lesson covers numericals on Indifference Curve & Budget Line which were asked in previous years Board Examination.

Lesson - 18 : Numericals on Indifference Curve & Budget Line (Exam Que.)

Priya Jain

Hello my ACHIEVERS 
This course will cater - Class -11th (CBSE board) & Class-12th (ISC board) students
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hello students i am aryan verma i am a bcom graduate and currently pursuing chartered accountancy course. master in economics .

Aryan Verma

In this course, the educator is discussing all concepts relating to consumer equilibrium and demand  for Class 11

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This Course covers Explanation of the various topics with the help of graphs and Introduction To Microeconomics. This Course is beneficial for CBSE Class 12 Economics students.

Lessons

19 lessons • 3h 26m

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Course Overview (in Hindi)

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Lesson-1 Concept Of Utility & Approaches to Study Consumer's Behavior (in Hindi)

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Lesson - 2 Relationship Between TU & MU, Law of Diminishing Marginal Utility (in Hindi)

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Lesson-3 Numericals on Measuring Total Utility & Marginal Utility (in Hindi)

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Lesson-4 Technical terms to understand Consumer's Equilibrium in case of Single commodity (in Hindi)

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Lesson-5 Consumer's Equilibrium - Single Commodity (Approach-1)

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Lesson-6 Consumer's Equilibrium - Single Commodity (Approach - 2)

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Lesson - 7 Consumer's Equilibrium - Two Commodity Case

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Lesson - 8 Cases when Consumer is not at Equilibrium

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Lesson - 9 Numericals on Consumer's Equilibrium (in Hindi)

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