Lesson 3 of 15 • 5 upvotes • 12:37mins
This lesson talks about the budget set and the budget line. Both the concepts are discussed with the help of graphical representations.
15 lessons • 2h 40m
Course Overview
5:00mins
Introduction
7:18mins
The Consumers Budget Part 1
12:37mins
The Consumer's Budget Part 2
13:26mins
Consumer’s Preferences
12:08mins
Substitution between goods
11:39mins
Indifference curve
12:25mins
Optimal choice of the consumer
10:59mins
Demand
11:45mins
Types of goods
9:28mins
Shifts in demand curve
9:56mins
Market demand
9:34mins
Elasticity of demand
9:27mins
Elasticity of demand - II
11:46mins
Elasticity and expenditure
12:42mins