Unit-1: Demand, Supply and Market Equilibrium: individual demand, market demand, individual supply, market supply, market equilibrium; Elasticity of demand and supply: Price elasticity of demand, income elasticity of demand, cross price elasticity of demand, elasticity of supply; Theory of consumer behavior: cardinal utility theory, ordinal utility theory(indifference curves, budget line, consumer choice, price effect, substitution effect, income effect for normal, inferior and giffen goods), revealed preference theory. Unit-2: Producer and optimal production choice: optimizing behavior in short run (geometry of product curves, law of diminishing margin productivity, three stages of production), optimizing behavior in long run (isoquants, isocost line, optimal combination of resources) Costs and scale: traditional theory of cost (short run and long run, geometry of cot curves, envelope curves), modern theory of cost (short run and long run), economies of scale, economies of scope. Unit-3: Theory of firm and market organization: perfect competition (basic features, short run equilibrium of firm/industry, long run equilibrium of firm/industry, effect of changes in demand, cost and imposition of taxes); monopoly (basic features, short run equilibrium, long run equilibrium, effect of changes in demand, cost and imposition of taxes, comparison with perfect competition, welfare cost of monopoly), price discrimination, multiplant monopoly; monopolistic competition (basic features, demand and cost, short run equilibrium, long run equilibrium, excess capacity); oligopoly (Cornet’s model, kinked demand curve model, dominant price leadership model, prisoner’s dilemma) Unit-4: Factor market: demand for a factor by a firm under marginal productivity theory (perfect competition in the product market, monopoly in the product market), market demand for a factor, supply of labour, market supply of labour, factor market equilibrium.
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Sir plz upload videos of BSt. Chapters🙏🙏
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Unit-1: Demand, Supply and Market Equilibrium: individual demand, market demand, individual supply,
market supply, market equilibrium; Elasticity of demand and supply: Price elasticity of demand, income
elasticity of demand, cross price elasticity of demand, elasticity of supply; Theory of consumer behavior:
cardinal utility theory, ordinal utility theory(indifference curves, budget line, consumer choice, price effect,
substitution effect, income effect for normal, inferior and giffen goods), revealed preference theory.
Unit-2: Producer and optimal production choice: optimizing behavior in short run (geometry of product
curves, law of diminishing margin productivity, three stages of production), optimizing behavior in long run
(isoquants, isocost line, optimal combination of resources) Costs and scale: traditional theory of cost (short run
and long run, geometry of cot curves, envelope curves), modern theory of cost (short run and long run),
economies of scale, economies of scope.
Unit-3: Theory of firm and market organization: perfect competition (basic features, short run equilibrium
of firm/industry, long run equilibrium of firm/industry, effect of changes in demand, cost and imposition of
taxes); monopoly (basic features, short run equilibrium, long run equilibrium, effect of changes in demand, cost
and imposition of taxes, comparison with perfect competition, welfare cost of monopoly), price discrimination,
multiplant monopoly; monopolistic competition (basic features, demand and cost, short run equilibrium, long
run equilibrium, excess capacity); oligopoly (Cornet’s model, kinked demand curve model, dominant price
leadership model, prisoner’s dilemma)
Unit-4: Factor market: demand for a factor by a firm under marginal productivity theory (perfect competition
in the product market, monopoly in the product market), market demand for a factor, supply of labour, market
supply of labour, factor market equilibrium.
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CBSE , ICSE , State Board !!?
Graduation
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Sir if no. Of firm's in the market is more than supply should be less because resources are less
Sir when will you start one shots revision series
First view sir 🥰or comments also and like
Thank you sir
Please upload producer equilibrium 🙏🏻
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All videos are very clear
very useful 🙏❤️
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Sir u are the best teacher
Exams are near, It is no harm, Pay no attention to it, Watch Sunil Sir Lecture 😂😂😂😂
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Sir please upload videos of bst
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