Unit 1.2. Theory of Production and Cost (UGC NET Economics) in Hindi (complete)

This video discusses the second topic of first unit of UGC NET/JRF Economics syllabus. The topics covered in this video are:
• Theory of Production and Cost (Introduction)
• Factors of production (detail)
o Land
o Labor
o Capital
o Entrepreneur
• Production Function
• Cobb-Douglas function
• Isoquant/Equal production curve (Iso production curve)
• Types of Isoquants
o Linear isoquant
o Input-output isoquant
o Kinked isoquant
o Smooth, convex isoquant
• Isocost Lines
• Production equilibrium (production optimization.)
• Law of diminishing Return
• Law of variable proportion (Short Run)
• Law of return to scale (Long Run)
• Marginal rate of technical substitution MRTS (table and figure)
• Factor Intensity
• Theory of Cost (Introduction)
• Types of Costs
o Accounting Costs:
o Outlay Costs:
o Explicit Costs:
o Implicit Costs:
o Opportunity Costs:
o Economic Costs:
o Direct / Traceable Costs:
o Indirect / Non-Traceable Costs:
o Fixed Costs.
o Variable Costs.
o Operating costs:
o Sunk cost:
• Cost Function
• Short run cost (complete, table, figure)
• Difference Between short run and long run
• Total Fixed Costs (TFC):
• Total Variable Cost (TVC):
• Short run total cost
• Relationship Between Marginal and Average Variable Costs
• Long-Run Cost:
• Long Run Total Cost
• Long Run Average Cost
• Long Run Marginal Cost
• Economies and diseconomies of scale
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[@bijini2055]

Awesome... In short video u hv covered entire unit with perfect explanation

[@DrNavedClasses]

Thanks a lot

[@Human11711]

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[@trishaarya1650]

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[@DrNavedClasses]

Thanks a lot, trisha.

[@dikshayadav9657]

sir i found your videos very useful yes please kindly provide a proper playlist of all topics individually..including supply, national income, balance of payment, indian economy, statistics etc. thank you.

[@DrNavedClasses]

Many of the playlists are already prepared

[@avantikathakur9076]

Thanks for being such a great teacher❤ .. Because of u now every concept is looking so easy ❤ thanku so much sir

[@DrNavedClasses]

It's my pleasure

[@Easyeconomicsbyritusingh]

Nice class hoti h apki mughe dikkt ati h to aapko follow krti hu 😊

[@DrNavedClasses]

Most welcome

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[@DrNavedClasses]

Walekum salam 😊

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[@thecosmoriders5871]

Thankful to you for this awesome learing.

[@samirkumar138]

Very good session sir, Give all topic.

[@thecosmoriders5871]

Please at the end solve some PYQS regarding those topics it would be greatful to have that too.

[@DrNavedClasses]

Sure i will

[@_TubikTubik]

Nice vedio sir
🤩 Sb smjh aa gaya

[@SADDAMHUSSAIN-sy7ux]

Hii sir
Meri request h apse ki plz ap net December 2023 ki ek batch shru kren aur sare topics ko fully cover kren ap bahut hi achha padhate hn sir hme khub smjh ata h
Plz sir hamari guzarish ko sune
Allah jazaye khair de apko

[@DrNavedClasses]

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[@akbarikhatoon6044]

First time itne long time ka sir aapka video dekhi hu, aapka samjhaya concept jld samjh aa jata hai.

[@DrNavedClasses]

Thanks 😊

[@ishikahalder799]

Thanks for ur efforts ❣

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Superb class sir pronam sir

[@letslearneconomics6199]

Very good video sir 😊

[@nikitakumari1118]

Sir iss unit ke agle topic ko bhi jld hi cover kijiyega

[@DrNavedClasses]

Okey

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Hi sir can I get your number I want to clear UGC net exam and can't find video in systematic order.

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बहुत बहुत आभार गुरु जी 🙏🙏🙏

[@DrNavedClasses]

🙏

[@subratsethi2152]

Thank you sir 🙂 and please make another detailed videos to support students 🙏 ❤

[@DrNavedClasses]

Almost ready. Posting soon. "Factors Production"

[@subratsethi2152]

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[@PrinceNath049]

Bhai keep it up

[@Missyellowblue-s22]

Sir, make more videos on net exams and also come up with some questions

[@DrNavedClasses]

Sure I will

[@satendrapalsingh.p724]

Very good session

[@deep_s]

Law of return to scale 43:53

[@deep_s]

MRTS 49:10

[@deep_s]

Theory of Cost (Introduction 56:09

[@amitkundu4855]

Sir please start one series on econometrics and satistics

[@DrNavedClasses]

Will try

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Sir Topic wise details vedio bnao .
Teaching method is very nice ❤

[@DrNavedClasses]

Sure brother

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Sir price determination wali aapki 4years pehle wali vedios dekh lenge to ho jayega na for cuet pg??
But the topic is price and output determination in market

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Market ko bhi sir one video me kra dijiye

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Effective teching

[@nikitakumari1118]

session is very useful for me,so thank you sir

[@DrNavedClasses]

u r most welcome

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Sir please make a video on harris todaro model. Thank you

[@DrNavedClasses]

Okay soon

[@Easyeconomicsbyritusingh]

Sir opportunity cost or implicit cost different h

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Sir g plz make a video on engineering cost curves separately. Thank you!

[@DrNavedClasses]

Okay

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Sir one video for
_Augmentation of savings, investment strategy.
Capital accumulation
Ke topic pr bna dijiye

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Sir, shouldn't alpha + beta > 1 be increasing returns to scale and alpha + beta < 1 be decreasing returns to scale?

[@sscprepstation06]

Yes

[@LecturesofRKVerma]

Please keep it🙏...

[@RuksharParween-g1p]

Sir har topic pe video dijiye. Sir. Notes k liye bhi

[@DrNavedClasses]

certainly will try

[@amisha528]

Thank you so much sir

[@sadhnayadav2862]

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Thanks sir
Sir notes pdf bhi dijiye taki Mai notes bhi complete kar saku
I am bigner.
Sir please reply sajesion
Khuda hapish
God bless you sir

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Best explaination .....❤❤❤ But white board presentation is not too good

[@DrNavedClasses]

Sorry for that

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Sir cobb douglas me mistake kr di aapne

[@Human11711]

Please explain..

[@dharmrajadiwasi8247]

Sir one video for
_Principle of maximum social advantage#
Pr bna dujiye

[@mudasir1442]

please sir make some more videos...

[@paridhiprajapati5900]

Sir please apse request bohar stet laper 2, economic ki preparation karwa dijiye 😊

[@DrNavedClasses]

Is par syllabus bhej den [e-mail]

[@abcanalysis1915]

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[@LearnWithInzamam]

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[@DrNavedClasses]

Already posted a video on books

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[@DrNavedClasses]

Okay soon

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[@DrNavedClasses]

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[@DrNavedClasses]

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