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Introduction of the Course

Lesson 1 of 55 • 208 upvotes • 3:00 mins

This lesson provides the introduction of the course of microeconomics

1

Introduction of the Course

3:00 mins

2

Production and allocation of Resources

12:06 mins

3

Central problem of Economy

12:30 mins

4

Organisation of Economic Activities

13:02 mins

5

Microeconomics and Macroeconomics

12:51 mins

6

Cardinal utility analysis

12:07 mins

7

Law of diminishing marginal utility

12:09 mins

8

Ordinal utility analysis and indifference curve

12:11 mins

9

Features of indifference curve

12:06 mins

10

The consumer's budget

12:01 mins

11

Price ratio and the slope of budget line

12:30 mins

12

Optimal choice of consumer

12:11 mins

13

Demand

12:09 mins

14

Law of demand

12:35 mins

15

Shift in demand curve

12:12 mins

16

Market demand

12:12 mins

17

Elasticity of demand

12:18 mins

18

Elasticity demand curve

12:42 mins

19

Relationship between elasticity and demand

12:14 mins

20

Relationship between elasticity and expenditure

12:26 mins

21

Production function

12:05 mins

22

Isoquant

12:18 mins

23

The short run and the long run

12:13 mins

24

Total product, average product and marginal product

12:07 mins

25

The law of diminishing marginal product

12:10 mins

26

Return to scale

12:04 mins

27

Various concepts of cost

12:17 mins

28

Shapes of short run cost curves

12:24 mins

29

Long run costs

12:12 mins

30

Defining features in perfect competition

12:17 mins

31

Revenue of a firm

12:13 mins

32

Profit maximization -I

12:19 mins

33

Profit maximization -II

12:32 mins

34

Short run supply curve of a firm

12:02 mins

35

Long run supply curve of a firm

12:18 mins

36

Break even point and opportunity cost

12:21 mins

37

Determinants of firms supply curve

12:21 mins

38

Market supply curve

12:12 mins

39

Price elasticity of supply

12:11 mins

40

Market equilibrium

12:10 mins

41

Market equilibrium for a fixed number of firms

12:08 mins

42

Wage determination in labour market

12:53 mins

43

Impact of shift in demand

12:35 mins

44

Impact of shift in supply and demand

13:43 mins

45

Market equilibrium: Free entry and exit

12:13 mins

46

Shift in demand

12:27 mins

47

Application of supply demand analysis

12:49 mins

48

Non competitive markets

12:16 mins

49

Price quality relationship in Monopoly firm

12:09 mins

50

Zero cost Monopoly firm

12:28 mins

51

Total average and marginal revenues

12:13 mins

52

Equilibrium condition for a Monopoly firm

12:44 mins

53

Comparison of monopoly firm with perfect competition

12:27 mins

54

Equilibrium of a monopolistic competition

13:01 mins

55

Behaviour of forms in oligopoly

12:31 mins

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