NOC:An Introduction to Microeconomics (USB)

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109104125



Media Storage Type : 32 GB USB Stick

NPTEL Subject Matter Expert : Dr. Vimal Kumar

NPTEL Co-ordinating Institute : IIT Kanpur

NPTEL Lecture Count : 141

NPTEL Course Size : 15 GB

NPTEL PDF Text Transcription : Available and Included

NPTEL Subtitle Transcription : Available and Included (SRT)


Lecture Titles:

Lecture 1 - What is Economics ?
Lecture 2 - Resources, Wants and Scarcity
Lecture 3 - Allocation, Command, Market and Mixed Economy
Lecture 4 - Individual
Lecture 5 - Rationality, Self Interest and Optimization
Lecture 6 - Branches of Economics
Lecture 7 - Introduction to Demand and Supply
Lecture 8 - Demand
Lecture 9 - 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 and 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 - Average Cost in Short Run Vs. Long Run
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 117 - Two Interpretation of 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 134 - Monopoly: Example
Lecture 135 - Responses from Policy Makers
Lecture 136 - Introduction to Oligopoly
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

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