Microeconomics

Intro - An Introduction to Microeconomics - Prof Vimal Kumar.
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.
Lecture-16 Few Examples.
Lecture-17 Application: Price Control.
Lecture-18 Consumer Surplus.
Lecture-19 Producer Surplus.
Lecture-20 Total Surplus.
Lecture-21 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-46 Properties of Preferences: Continuity.
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-112 Profit Maximization in Short Run Through Algebra and Calculus.
Lecture-113 Market Environment.
Lecture-114 Perfectly Competitive Market.
Lecture-115 Supply Curve.
Lecture-116 An example obtaining the short run supply function.
Lecture-118 Profit maximization implies cost minimization.
Lecture-119 Producer’s 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.
Lecture-132 Welfare Effects of Monopoly Pricing.
Lecture-133 Price Discrimination.
Lecture-136 Introduction to Oligopoly.
Lecture-134 Monopoly: Example.
Lecture-135 Responses from Policy Makers.
Lecture-137 Nash Equilibrium.
Lecture-138 Cournot Model of Duopoly.
Lecture-139 Stackelberg Model of Duopoly.
Lecture-140 Bertrand Model of Duopoly.Lecture-141 Market Environment: Comparison Table.