This course was created with the
course builder. Create your online course today.
Start now
Create your course
with
Autoplay
Autocomplete
Previous Lesson
Complete and Continue
Explore The Economics Of Consumer Behavior In 90 Minutes
Introduction
Evolution of Economic Thoughts (5:49)
4 Different Definitions of Economics (6:21)
What are Micro & Macro Economics? (3:22)
Theory of Utility
Definition of Utility, Features of Utility, Total & Marginal Utility (8:30)
Summary - Theory of Utility
Law of Diminishing Marginal Utility
The concept of DMU, Relationship between TU & MU, Assumptions behind the Law of DMU (9:27)
Summary - Law of Diminishing Marginal Utility
Concept of Demand
What is Demand? Demand vs Need, Factors of Demand (6:15)
Summary - Concept of Demand
Determinants of Demand
Introduction to the Determinants of Demand (1:40)
Primary Factors (2:23)
Secondary Factors (7:23)
Summary - Determinants of Demand
Demand Funtion
Concept of Demand Function, Individual & Market Demand Function (3:55)
Law of Demand, Slope of Demand Curve, The Reason behind Negatively Sloped Demand Line (6:02)
Change in Quantity Demanded, Increase & Decrease in Demand (7:57)
Summary - Demand Function
Individual & Market Demand Schedule
The concept & difference and how to draw Individual Market Demand Schedule (5:33)
Reason for Downward Sloping Demand Line - both under Cardinal & Ordinal Utility Approaches (6:25)
Exceptions to the Law of Demand
4 Major Exceptions with Real Life Examples (5:49)
Elasticity of Demand
Types of Elasticity, How to Calculate Elasticity of Demand, Own Price Elasticity (6:02)
5 Possible Outcomes of Own Price Elasticity (7:25)
Determinants of Elasticity (3:18)
Income & Cross Elasticity and Consumer Surplus
Income Elasticity and Nature of the Commodity (3:20)
Cross Elasticity for both Substitutes & Complimentary Commodities (4:01)
Consumer Surplus - Definition & Graphical Presentation (5:04)
Summary - Income Elasticity
Indifference Analaysis
Definition & Graphical Presentation, Indifference Map for Perfect Substitutes & Perfect Compliments (5:56)
Budget Analysis
Budget Constraints, Characteristics of Budget Line & its Slope - Graphial Presentation (5:38)
Law of Demand, Slope of Demand Curve, The Reason behind Negatively Sloped Demand Line
Lesson content locked
If you're already enrolled,
you'll need to login
.
Enroll in Course to Unlock