- Introduction
- Wealth and Welfare Definition of Economics
- Economics Scarcity Definition
- Economics Growth Definition
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Medium of instructions
English
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Mode of learning
Self study
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Mode of Delivery
Video and Text Based
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The syllabus
Introduction to Economics
Economics Classification
- Micro Economics
- Macro Economics
Economic Analysis and Laws
- Methods of Economic Analysis
- Economic Laws
- Human Wants
- Characteristics of Wants Part I
- Characteristics of Want Part II
- Classification of Wants
- Significance of Classification of Want
- Utility - Total Utility and Marginal Utility
- Law of Diminishing Marginal Utility (DMU)
- Importance of Law of DMU
- Criticism of Law of DMU
- Law of Equi Marginal Utility
- Limitations of Law of EMU
Demand and Supply
- What is Demand?
- Law of Demand
- Demand Schedule & Demand Curve
- Individual Demand and Market Demand Schedule
- Market Demand Curve
- Exceptions to law of Demand
- Extension and Contraction of Demand
- Shifts in Demand (Increase / Decrease in Demand)
- Factors determining Demand
- Introduction to Elasticity of Demand
- Price Elasticity of Demand
Introduction to Business Economics
- Introduction
- Economic Theory and Business Practices
Decision Making Process in Business
- Decision Making in Business
- Fundamental concepts in Decision Making followed by Incremental Concept
- Incremental and Marginal Concepts
Price Determination in Different Markets
- Market
- Classification of Markets
- Types of Market Structure
- Total Revenue, Average Revenue and Marginal Revenue
- Determination of Prices in Open Market
- Increase in Demand and new Equilibrium Point
- Decrease in Demand and new Equilibrium Point
- Features of Perfect Market
- Price determination in perfect market
Why, What, How, When Of Price Determination in Different Markets
- Why Total Revenue Curve of a price taking firm is an Upward Sloping Straight Lin
- What is the relation between Market Price, AR and MR of Price taking firm?
- What is Market Equilibrium?
- When do we say there is excess demand for commodity?
- When do we say there is excess SUPPLY for commodity?
- What will happen if Market Price greater or less than Equilibrium Price?
- How price is determined in a perfectly competitive market?
- How equilibrium price and quantity affected due to change in Income?
- How increase in price of shoe affect sales of socks?
- How change in price of coffee affects sales of tea?
- How change in price of inputs affect equilibrium?
- Effect of Rightward shift in Demand and Supply Curve on Equilibrium Price and Qu
Perfect Competion
- Perfect Competition Pure Competition
- Why firms in Perfect Competition are Price taker?
- Effect on equilibrium Price
Monopoly Market
- What is Monopoly
- Features of Monopoly
- Different ways of Creating monopoly
- Monopolistic Competition & its Features
Budget and Budget line
- Budget Set and Budget line
- How to draw Budget line
Elasticity of Demand
- Price Elasticity of Demand
- Impact on Demand for Change in Price
- Determinants of Price Elasticity of Demand
- Different type of Price Elasticity of Demand
- Total Expenditure Method
- Geometric or Point Method
- Percentage or Proportionate Method
Cost and Revenue
- Cost and Cost function
- Money cost and Real Cost
- Opportunity Cost, accounting & Economic Cost
- Private Cost Social cost
- Fixed cost and variable Cost
- Short run Average Cost Curve
- Marginal Cost
Final Section
- Bonus Lecture
Instructors
Mr Raja Natarajan
instructor
Freelancer
Other Bachelors, Other Masters