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IES, IAS Economics Optional & UGC Net Economics Preparation

Online Courses: Indian Economic Services, IAS Economics Optional, UGC Net Economics

18, February 2022
Theory of Production and Cost
Theory of Production and Cost

11. Translog Cost Function | Elasticity of Substitution |

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15, February 2022
Theory of Production and Cost
Theory of Production and Cost

9. Measures of Efficiency - Technical Efficiency, Allocative Efficiency, Productive Efficiency, X Efficiency

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14, February 2022
Theory of Production and Cost
Theory of Production and Cost

7. Cost Minimization, Example of Cost functions (IES 2020), Properties of Cost function, Returns to Scale (IES 2018)

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11, February 2022
Theory of Production and Cost
Theory of Production and Cost

5. CES Production function and Elasticity of Substitution (IES 2012, 2017, 2018) And Laws of Variable Proprtions and Laws of Returns to Scale Topic discussed:

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10, February 2022
Theory of Production and Cost
Theory of Production and Cost

3. Forms of Production Functions: Cobb Douglas, CES and Fixed coefficient type and Elasticity of Substitution

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09, February 2022
Theory of Production and Cost
Theory of Production and Cost

  1. Laws of Returns to a Variable Factor | Ridge Lines | Economic Region of Production|
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04, February 2022
Theory of Consumer Demand
Theory of Consumer Demand

21. Certainty Equivalence | Risk Premium | Fair Insuarance | Demand for Insuarance | Numericals | Topic Discussed:

  1. Certainty Equivalence
  2. Actuarilly Fair Gamble
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01, February 2022
Theory of Consumer Demand
Theory of Consumer Demand

19. Choice Under Risk and Uncertainty (Part 1) : Simple, Compound and Reduced form Lotteries ; Preferences over Risk (Independence Axiom and Continuity Axiom); Expected Utility Function (VNM Expected Utility Function)

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31, January 2022
Theory of Consumer Demand
Theory of Consumer Demand

17. Cross Price Elasticity of Demand, Income Elasticity of Demand, Total Expenditure Method (IES 2011, 2013, 2014, 2016)

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