An Introduction to Microeconomics (Video) - Study24x7
An Introduction to Microeconomics (Video)

Dr Vimal Kumar

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An Introduction to Microeconomics (Video)

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An Introduction to Microeconomics (Video)

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About This Course

Microeconomics is the study of the allocation of scarce resources among individuals. Economic theories are based on the assumption that individuals as well as firms have well defined objectives; utility maximization for individuals and profit maximization for firms and they act systematically according to the incentives and constraints of their economic environment. It is this framework that allows the economist to gain a fundamental understanding of the human puzzle in an economic setting. This course in the fundamentals of economics covers consumer theory, producer theory as well as the market structures through which individuals and firms interact.

  • An Introduction to Microeconomics (Video) Total 12 Modules
  • An Introduction to Microeconomics (Video) 130 Videos
  • An Introduction to Microeconomics (Video) Downloadable on mobile
  • An Introduction to Microeconomics (Video) Published on 02 July, 2019

Course Curriculum

Week-1

An Introduction to Microeconomics (Video)
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    Lecture-01 What is Economics ?

    11m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-02 Resources, Wants & Scarcity

    11m <?php echo  $alt; ?>
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    Lecture-03 Allocation, Command, Market and Mixed Economy

    10m <?php echo  $alt; ?>
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    Lecture-04 Individual

    10m <?php echo  $alt; ?>
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    Lecture-05 Rationality, Self Interest and Optimization

    10m <?php echo  $alt; ?>
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    Lecture-06 Branches of Economics

    12m <?php echo  $alt; ?>
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    Lecture-07 Introduction to Demand & Supply

    10m <?php echo  $alt; ?>
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    Lecture-08 Demand

    10m <?php echo  $alt; ?>
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    Lecture-09 Demand:Effect of Substitutes and Complements

    18m <?php echo  $alt; ?>
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    Lecture-10 Market Demand Function

    13m <?php echo  $alt; ?>
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    Lecture-11 Factors Affecting Demand

    14m <?php echo  $alt; ?>

Week-2

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-12 Supply and Market Supply

    17m <?php echo  $alt; ?>
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    Lecture-13 Supply: Effect of Substitutes and Complements

    6m <?php echo  $alt; ?>
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    Lecture-14 Factors Affecting Supply

    9m <?php echo  $alt; ?>
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    Lecture-15 Market Equilibrium

    15m <?php echo  $alt; ?>
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    Few Examples

    15m <?php echo  $alt; ?>
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    Lecture-17 Application: Price Control

    18m <?php echo  $alt; ?>
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    Lecture-18 Consumer Surplus

    14m <?php echo  $alt; ?>
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    Producer Surplus?

    14m <?php echo  $alt; ?>
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    Total Surplus

    10m <?php echo  $alt; ?>
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    Effect of Price Control on Surplus?

    11m <?php echo  $alt; ?>

Week-3

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-22 Implications of Market Equilibrium

    11m <?php echo  $alt; ?>
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    Lecture-23 Price Elasticity of Demand?

    16m <?php echo  $alt; ?>
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    Lecture-24 Elastic, Inelastic and Unit- elastic Demand

    18m <?php echo  $alt; ?>
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    Lecture-25 Perfectly Elastic and Perfectly Inelastic Demand

    17m <?php echo  $alt; ?>
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    Lecture-26 More on Elasticity

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-27 Factors Affecting Price Elasticity of Demand

    10m <?php echo  $alt; ?>
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    Lecture-28 Effect of Taxation

    25m <?php echo  $alt; ?>
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    Lecture-29 Tax Imposed on Seller

    13m <?php echo  $alt; ?>
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    Lecture-30 Incidence of Tax

    9m <?php echo  $alt; ?>
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    Lecture-31 Incidence of Tax: Four Extremes

    9m <?php echo  $alt; ?>
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    Lecture-32 Incidence of Tax: Effect on Surplus

    14m <?php echo  $alt; ?>

Week-4

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-33 Towards Consumer Theory

    14m <?php echo  $alt; ?>
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    Lecture-34 Budget Line and Budget Set

    21m <?php echo  $alt; ?>
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    Lecture-35 Factors Affecting the Budget Line

    20m <?php echo  $alt; ?>
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    Lecture-36 Few Examples of Changes in Budget Line

    21m <?php echo  $alt; ?>
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    Lecture-37 Consumption Set

    15m <?php echo  $alt; ?>
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    Lecture-38 Convexity of Consumption Set

    18m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-39 Describing Utility

    11m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-40 Some Axioms

    11m <?php echo  $alt; ?>

Week-5

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-41 Preferences as a Mathematical Construct

    19m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    12m <?php echo  $alt; ?>
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    Lecture-43 More on Three Axioms of Rationality?

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-44 Defining Utility Function

    14m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-45 Ordinal Vs. Cardinal Utility

    6m <?php echo  $alt; ?>
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    Lecture-47 Indifference Set

    15m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-48 Indifference Curve

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-49 Behavioural Assumption: More is Better

    19m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-50 Properties of Preferences: Convexity

    15m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-51 Marginal Rate of Substitution (MRS)

    13m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-52 DMRS and Convexity: Example

    10m <?php echo  $alt; ?>
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    Lecture-53 Summary?

    12m <?php echo  $alt; ?>

Week-6

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-54 Utility Maximization

    12m <?php echo  $alt; ?>
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    Lecture-55 Utility Maximization: tangency criterion

    9m <?php echo  $alt; ?>
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    Lecture-56 More on Utility Maximization?

    17m <?php echo  $alt; ?>
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    Lecture-57 Utility Maximization: Example

    13m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-58 Example Revisited

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-60 Perfect Substitutes

    15m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-61 Perfect Complements

    15m <?php echo  $alt; ?>
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    Lecture-62 An Example with Quasi Linear Preferences

    12m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-63 Demand Revisited

    13m <?php echo  $alt; ?>

Week-7

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-64 Effect of Income on Quantity Demanded

    13m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-65 Effect of Change in Price

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-66 Substitution Effect and Income Effect

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-67 Giffen Good?

    7m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    14m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-69 Marshallian and Hicksian Demand Function

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-70 Slutsky Equation

    13m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    13m <?php echo  $alt; ?>
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    Lecture-72 Towards Producer Theory

    15m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-73 Technology or Production Function

    14m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-74 Isoquants

    12m <?php echo  $alt; ?>
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    Lecture-75 Few Axioms Related to Technology

    9m <?php echo  $alt; ?>

Week-8

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-76 Axioms/ Assumptions Continued

    23m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-77 Production in Short Run?

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    18m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-79 More on APL and MPL

    20m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-80 Law of Diminishing Marginal Returns

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-81 Production in Long Run?

    13m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-82 MRTS: Few Examples

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-83 Decreasing MRTS

    12m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-84 Elasticity of Substitution

    17m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-85 Returns to Scale

    23m <?php echo  $alt; ?>

Week-9

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-86 Elasticity of Scale

    23m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-87 Economic Terminology: Opportunity Cost

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-88 Economic Terminology: Sunk Cost

    17m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-89 Economic Terminology: Economic Profit and Accounting Profit

    16m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-90 Diminishing Marginal Product Vs. DMRTS

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-91 Returns to Scale through Graphs

    4m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-92 Cost in Long Run

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-93 Cost Minimization

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-94 Cost Minimization: Few Examples

    11m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-95 Cost Minimization: Cobb-Douglas Production Function

    11m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-96 More on Cost Minimization

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-97 Cost Function in the Long Run

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    16m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-99 Cost in Short Run: MC

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-100 Shape of Cost Curves

    8m <?php echo  $alt; ?>

Week-10

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-101 Factor Demand Function

    12m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-102 Output Expansion Path

    17m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-103 Cost Revisited: Quasi Fixed Cost

    17m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    16m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-105 Short Run Vs. Long Run Cost Minimization

    15m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-107 LRAC Vs. SRAC

    21m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    15m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-109 Profit Maximization

    13m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-110 Marginal Revenue

    11m <?php echo  $alt; ?>

Week-11

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-111 Profit Maximization in Short Run Through Graphs

    11m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-113 Market Environment?

    10m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-114 Perfectly Competitive Market

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    12m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-115 Supply Curve

    12m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-116 An example obtaining the short run supply function

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-117 Two Interpretation of Supply Function

    3m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-118 Profit maximization implies cost minimization?

    15m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-119 Producer Surplus Revisited

    15m <?php echo  $alt; ?>

Week-12

An Introduction to Microeconomics (Video)
  • <?php echo  $alt; ?>

    Lecture-120 Profit Maximization and Returns to Scale

    15m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-121 Short Run Supply Vs. Long Run Supply

    8m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-122 Long Run Equilibrium and Supply Function

    21m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-123 Introduction to Monopoly

    19m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-124 Marginal Revenue of the Monopolist

    14m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

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

    7m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-126 Profit Maximization for the Monopolist

    29m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-127 Inverse Elasticity Pricing Rule

    5m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-128 Profit Maximization for the Monopolist through Graph

    3m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-129 No Supply Function for Monopoly

    4m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-130 Monopoly: Comparative Statics?

    6m <?php echo  $alt; ?>
  • <?php echo  $alt; ?>

    Lecture-131 Imposition of the Tax on the Monopolist

    11m <?php echo  $alt; ?>

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