Unit 1.1. Theory of Consumer Behaviour (UGC NET Economics) in Hindi (complete)
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- Опубликовано: 8 фев 2025
- This video studies the UGC NET/JRF Economics' very first topic, "Theory of Consumer Behaviour". Here we will get an idea of all the topics to be covered in the big heading. Topics we touched on here are:
• Who is a Consumer?
• What is Behavior?
• What is Consumer behaviour?
• Concept of Utility
• Approaches to utility (Measurement of Utility)
o Cardinal Approach to Utility
o Ordinal Approach to Utility
• Indifference Curve approach
• Revealed Preference Hypothesis
• Types of Utility
o Total Utility
o Average Utility
o Marginal Utility
• Law of diminishing marginal utility
• Law of equimarginal utility
• Concept of Consumer Surplus
• Concept of Demand
• Law of demand
o Demand Curve
o Demand Schedule
• Reason for the downward-sloping demand curve
o The Law of diminishing marginal utility
o Substitution effect
o Income effect
o New buyers
• Increase and decrease in demand
• Expansion and contraction of demand
• Elasticity of Demand
• Kinds of Elasticity of Demand
o Perfectly Elastic Demand
o Elastic Demand
o Unit Elastic Demand
o Inelastic Demand
o Perfectly Inelastic Demand
• Price Elasticity of Demand
• Income Elasticity of Demand
• Cross Elasticity of Demand
• Measurement of price elasticity of demand
o Percentage method
o Total outlay method
o Point method
o Arc method
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Thank you sir to tell about the demand.
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When the marginal utility is zero the consumer is fully satisfied.
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Sir is consumer preference and consumer behaviour same topic... Plzz reply asap
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Sir in economics it is stringent that the price increases then demand decreases so in case of the reverse,but what if the price increases and demand increases as well,it is also defined in a business case.
It can be an exception but the general theory holds true, it's important to understand the nuances of demand and price.
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Just one doubt Sir. As you mentioned the reasons for downward sloping demand curve are diminishing marginal utility, income, new buyer etc. Sir I guess when we're talking about law of demand, only two factors price and quantity demanded are taken into consideration keeping others factors constant (ceteris paribus). Only diminishing marginal utility holds true here.
Sir correct me if I'm wrong
Actually, here we are talking about the factors, other than price, which affect the demand
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continue sir this and mostly student wer confuse in elasticity so tell me in detail and measure ment of utility
Already posted
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Sir, is there a resource that summarizes all topics briefly? ?
3 will be the cardinality.
Sir I have a question regarding price discrimination. the price that we charge for different customers is it must be charged in the same time ?
Even in the different time but with same production cost
@@DrNavedClasses sir that' mean that with time there are many factor that can affect the elasticity of demand of the product like population, suddenly increased in use etc but due to increase in demand the cost of resources will also be increased than it is not considered as price discrimination ? Although due to demand the price also be increased .
No i am not talking about the long run. In long run production cost will also change. It can be said as different days in the short run
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Sir theory of consumer behaviour me kitna content likhna hai?
Mene koshish ki he ismen sare topic cover karon. Par bbok se zaroor help len.