Mudunuru Vijay Chand

kaldor-hicks , scitovsky explained the compensation rule to reach pareto level, Bergson and Samuelson explained by taking value judgements into thr account any society can be reached to maximum socail welfare, Arrow threw light onsocial choice

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NTA-UGC NET: Social Welfare Function

Micro-Economic Analysis

Micro Economics

Economics

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by criticizing the pareto optimum kaldor and hicks gave the compensation principle

Kaldor hicks compensatiation rule

scitovsky criticized kaldor- hicks compemsation rule and explains his own doubke cretria to reach pareto optimum

Double Criteria

Bergson -Samuelson explained their individual social welfare fuctions by incorporating value judgements and how we can acheive point of bliss

Bergson-Samuelson Social Welfare Function

Arrow explained 5 Axioms to reach soccial welfare point... and he said it is impossible without violating any one of the axiom. so it is known as impossibility theory

Arrow's Impossibility Theory

theory of second best given by lipsey and lancaster, explained that when the society fails to be on pareto optimal point they can go for second best alternative

Theory of Second Best

No.1 Educator in Economics JRF holder, Assistant Professor in Satyawati DU Expert in NET for Economics.Teaching is work of heart❤❤❤

Tanya Bhatia

This course will explain the MCQ's of Economics for Dec 2019 NTA NET Economics

(Hindi) Crash Course for Dec 2019 Economics NTA NET Exam

This course will give you the complete analysis of June 2019 paper of Economics.

(Hindi) Complete Analysis of June 2019 Exam

This course discuss the 50 Expected MCQ's on Market.

(Hindi) 50 Expected MCQ's on Market

This course brush up the two units Production and Cost with 50 Expected MCQ's for NTA NET.

(Hindi) Production and Cost with 50 Expected MCQ's: NTA-UGC NET

This course will help you in explaining the concept of balance of Payments with MCQ's.

(Hindi) Balance of Payments with 50 Expected MCQ's

This course explains the Solow model with Expected MCQ's for NTA NET.

Lessons

5 lessons • 52m

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Kaldor hicks compensatiation rule

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Double Criteria

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Bergson-Samuelson Social Welfare Function

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Arrow's Impossibility Theory

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Theory of Second Best