Learn how does an Economy work? What are the factors affecting the economic structure of a country? Here is this course by Ayussh Sanghi wherein he talks about Indian Economy in a very comprehensible form. It begins with a definition of Economics along with the understanding of terms like opportunity costs nd limited resources. Thereby it explains the phrase 'Economics as a discipline' and talks about Microeconomics and Macroeconomics as its branch. The further lessons emphasize on defining the economic policies along with its objectives, the overview of Market forces. Next lesson talks about Demand as a Market force and further explaining the concept of Demand, Law of Demand and Movement along the Demand Curve, a shift in the demand curve and exceptions to the Law of Demand with the help of illustrations and examples. Thereby he begins with the concept of Supply: the definition, law of supply, shifts and movements along the supply curve and what results in the shifts and the movements. The course further explains the point of equilibrium and discusses various scenarios with respect to what happens in the case of excess supply and shortage of supply. The next lesson throws light on the meaning, formula and significance of Elasticity of Demand. This particular lesson also throws light on various factors which determine the price elasticity of demand. Tags: Indian Economy, Economy in India, Growth of Indian Economy, UPSC Lecture, UPSC Economy, UPSC Free Lessons, Free Lessons, UPSC Free Online Videos, UPSC Economy, Economy for UPSC CSE, UPSC Online, UPSC Exam, UPSC Examination, UPSC IAS Exam, IAS Questions, Indian Administrative Service, IAS Preparation, IAS Exam Syllabus CSE Exam, CSE Syllabus, Economy UPSC Important Topics, Supply, Demand, Indian Market.
reviewed on Jul 9, 2016
Immensely helpful. Maybe while emphasizing on certain keywords, wither they could be BOLD & ITALIC already in the slides or you could highlight them while explaining with your marker. Makes it more comprehend able.
reviewed on Dec 11, 2016
sir thank you very much for providing wonderful explanations with examples , sir i really happy ,before i had fear about microeconomics and even i hate economics , now i got clarity from explanation, thank you very much sir , please please make more lessons ,
reviewed on Jul 10, 2016
Ayussh Sir, you are just superbb ! Would love to have more lessons on economics as I am a new aspirant and never studied economics throughout my career. Your simplest way of teaching has created million waves of interest and hope to my soul, thanks a lot and keep teaching us. :)