An Introduction to Microeconomics (Video)

Lecture-01 What is Economics ?

Lecture-02 Resources, Wants & Scarcity

Lecture-03 Allocation, Command, Market and Mixed Economy

Lecture-04 Individual

Lecture-05 Rationality, Self Interest and Optimization

Lecture-06 Branches of Economics

Lecture-07 Introduction to Demand & Supply

Lecture-08 Demand

Lecture-09 Demand:Effect of Substitutes and Complements

Lecture-10 Market Demand Function

Lecture-11 Factors Affecting Demand

Lecture-12 Supply and Market Supply

Lecture-13 Supply: Effect of Substitutes and Complements

Lecture-14 Factors Affecting Supply

Lecture-15 Market Equilibrium

Few Examples

Lecture-17 Application: Price Control

Lecture-18 Consumer Surplus

Producer Surplus?

Total Surplus

Effect of Price Control on Surplus?

Lecture-22 Implications of Market Equilibrium

Lecture-23 Price Elasticity of Demand?

Lecture-24 Elastic, Inelastic and Unit- elastic Demand

Lecture-25 Perfectly Elastic and Perfectly Inelastic Demand

Lecture-26 More on Elasticity

Lecture-27 Factors Affecting Price Elasticity of Demand

Lecture-28 Effect of Taxation

Lecture-29 Tax Imposed on Seller

Lecture-30 Incidence of Tax

Lecture-31 Incidence of Tax: Four Extremes

Lecture-32 Incidence of Tax: Effect on Surplus

Lecture-33 Towards Consumer Theory

Lecture-34 Budget Line and Budget Set

Lecture-35 Factors Affecting the Budget Line

Lecture-36 Few Examples of Changes in Budget Line

Lecture-37 Consumption Set

Lecture-38 Convexity of Consumption Set

Lecture-39 Describing Utility

Lecture-40 Some Axioms

Lecture-41 Preferences as a Mathematical Construct

Lecture-42 Rationality in Real Life Vs. Rationality in Economics

Lecture-43 More on Three Axioms of Rationality?

Lecture-44 Defining Utility Function

Lecture-45 Ordinal Vs. Cardinal Utility

Lecture-47 Indifference Set

Lecture-48 Indifference Curve

Lecture-49 Behavioural Assumption: More is Better

Lecture-50 Properties of Preferences: Convexity

Lecture-51 Marginal Rate of Substitution (MRS)

Lecture-52 DMRS and Convexity: Example

Lecture-53 Summary?

Lecture-54 Utility Maximization

Lecture-55 Utility Maximization: tangency criterion

Lecture-56 More on Utility Maximization?

Lecture-57 Utility Maximization: Example

Lecture-58 Example Revisited

Lecture-59 Marginal Utility Vs. Marginal Rate of Substitution (MRS)?

Lecture-60 Perfect Substitutes

Lecture-61 Perfect Complements

Lecture-62 An Example with Quasi Linear Preferences

Lecture-63 Demand Revisited

Lecture-64 Effect of Income on Quantity Demanded

Lecture-65 Effect of Change in Price

Lecture-66 Substitution Effect and Income Effect

Lecture-67 Giffen Good?

Lecture-68 Expenditure Minimization as a Dual Problem of Utility Maximization

Lecture-69 Marshallian and Hicksian Demand Function

Lecture-70 Slutsky Equation

Lecture-71 An Application: Subsidy Vs. Direct Benefit Transfer

Lecture-72 Towards Producer Theory

Lecture-73 Technology or Production Function

Lecture-74 Isoquants

Lecture-75 Few Axioms Related to Technology

Lecture-76 Axioms/ Assumptions Continued

Lecture-77 Production in Short Run?

Lecture-78 Average and Marginal Product of Labour (APL & MPL)?

Lecture-79 More on APL and MPL

Lecture-80 Law of Diminishing Marginal Returns

Lecture-81 Production in Long Run?

Lecture-82 MRTS: Few Examples

Lecture-83 Decreasing MRTS

Lecture-84 Elasticity of Substitution

Lecture-85 Returns to Scale

Lecture-86 Elasticity of Scale

Lecture-87 Economic Terminology: Opportunity Cost

Lecture-88 Economic Terminology: Sunk Cost

Lecture-89 Economic Terminology: Economic Profit and Accounting Profit

Lecture-90 Diminishing Marginal Product Vs. DMRTS

Lecture-91 Returns to Scale through Graphs

Lecture-92 Cost in Long Run

Lecture-93 Cost Minimization

Lecture-94 Cost Minimization: Few Examples

Lecture-95 Cost Minimization: Cobb-Douglas Production Function

Lecture-96 More on Cost Minimization

Lecture-97 Cost Function in the Long Run

Lecture-98 Cost in Short Run: TC, FC and VC

Lecture-99 Cost in Short Run: MC

Lecture-100 Shape of Cost Curves

Lecture-101 Factor Demand Function

Lecture-102 Output Expansion Path

Lecture-103 Cost Revisited: Quasi Fixed Cost

Lecture-104 Cobb-Douglas Function: Cost and Returns to Scale

Lecture-105 Short Run Vs. Long Run Cost Minimization

Lecture-106 Short Run Vs. Long Run Cost Minimization Through Graphs

Lecture-107 LRAC Vs. SRAC

Lecture-108 Short Run Marginal Cost Vs. Long Run Marginal Cost

Lecture-109 Profit Maximization

Lecture-110 Marginal Revenue

Lecture-111 Profit Maximization in Short Run Through Graphs

Lecture-113 Market Environment?

Lecture-114 Perfectly Competitive Market

Lecture-112 Profit Maximization in Short Run Through Algebra and Calculus

Lecture-115 Supply Curve

Lecture-116 An example obtaining the short run supply function

Lecture-117 Two Interpretation of Supply Function

Lecture-118 Profit maximization implies cost minimization?

Lecture-119 Producer Surplus Revisited

Lecture-120 Profit Maximization and Returns to Scale

Lecture-121 Short Run Supply Vs. Long Run Supply

Lecture-122 Long Run Equilibrium and Supply Function

Lecture-123 Introduction to Monopoly

Lecture-124 Marginal Revenue of the Monopolist

Lecture-125 Monopoly: Price Elasticity of the Demand and MR

Lecture-126 Profit Maximization for the Monopolist

Lecture-127 Inverse Elasticity Pricing Rule

Lecture-128 Profit Maximization for the Monopolist through Graph

Lecture-129 No Supply Function for Monopoly

Lecture-130 Monopoly: Comparative Statics?

Lecture-131 Imposition of the Tax on the Monopolist