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Market equilibrium
Lesson 40 of 55 • 13 upvotes • 12:10mins
Awdhesh Singh
In this lesson we learn the concept of market equilibrium and the concept of invisible hand given by Adam Smith
Introductory Microeconomics NCERT Class 12th: UPSC CSE
55 lessons • 11h 11m
1
Introduction of the Course
3:00mins
2
Production and allocation of Resources
12:06mins
3
Central problem of Economy
12:30mins
4
Organisation of Economic Activities
13:02mins
5
Microeconomics and Macroeconomics
12:51mins
6
Cardinal utility analysis
12:07mins
7
Law of diminishing marginal utility
12:09mins
8
Ordinal utility analysis and indifference curve
12:11mins
9
Features of indifference curve
12:06mins
10
The consumer's budget
12:01mins
11
Price ratio and the slope of budget line
12:30mins
12
Optimal choice of consumer
12:11mins
13
Demand
12:09mins
14
Law of demand
12:35mins
15
Shift in demand curve
12:12mins
16
Market demand
12:12mins
17
Elasticity of demand
12:18mins
18
Elasticity demand curve
12:42mins
19
Relationship between elasticity and demand
12:14mins
20
Relationship between elasticity and expenditure
12:26mins
21
Production function
12:05mins
22
Isoquant
12:18mins
23
The short run and the long run
12:13mins
24
Total product, average product and marginal product
12:07mins
25
The law of diminishing marginal product
12:10mins
26
Return to scale
12:04mins
27
Various concepts of cost
12:17mins
28
Shapes of short run cost curves
12:24mins
29
Long run costs
12:12mins
30
Defining features in perfect competition
12:17mins
31
Revenue of a firm
12:13mins
32
Profit maximization -I
12:19mins
33
Profit maximization -II
12:32mins
34
Short run supply curve of a firm
12:02mins
35
Long run supply curve of a firm
12:18mins
36
Break even point and opportunity cost
12:21mins
37
Determinants of firms supply curve
12:21mins
38
Market supply curve
12:12mins
39
Price elasticity of supply
12:11mins
40
Market equilibrium
12:10mins
41
Market equilibrium for a fixed number of firms
12:08mins
42
Wage determination in labour market
12:53mins
43
Impact of shift in demand
12:35mins
44
Impact of shift in supply and demand
13:43mins
45
Market equilibrium: Free entry and exit
12:13mins
46
Shift in demand
12:27mins
47
Application of supply demand analysis
12:49mins
48
Non competitive markets
12:16mins
49
Price quality relationship in Monopoly firm
12:09mins
50
Zero cost Monopoly firm
12:28mins
51
Total average and marginal revenues
12:13mins
52
Equilibrium condition for a Monopoly firm
12:44mins
53
Comparison of monopoly firm with perfect competition
12:27mins
54
Equilibrium of a monopolistic competition
13:01mins
55
Behaviour of forms in oligopoly
12:31mins
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