Theory of Consumer Demand

15. Revealed Preference Approach | Derivation of Demand curve using Revealed Preference | Derivation of Indifference curve using Revealed Preference| Topic Discussed:

1. Revealed Preference : Theory
2. Assumptions
3. Revealed Preference Axiom
4. Derivation of Indifference Curve

Theory of Consumer Demand

13. Application of Substitution and Income Effects | Intertemporal Choice | Case of a saver and a borrower | Topic Discussed:

1. Intertemporal Choice of Consumption
2. Cases of a Saver and a Borrower

Theory of Consumer Demand

11. Consumer Surplus | (IES 2010, 2011, 2014) Topic Discussed

1. Consumer Surplus
2. Producer Surplus
3. Calculation of Equilibrium Price
4. Calculation of Consumer Surplus and Producer Surplus

Theory of Consumer Demand

9. Slutsky equation and Demand Curve Topic Discussed:

1. Slutsky Substitution effect
2. Perfect Complements
3. Perfect Substitutes
4. Quasilinear Preference
5. Rebating a Tax
6. Compensated Demand Curve
7. Normal Good

Theory of Consumer Demand

7. Applications of Indifference Curve Analysis | Compensating and Equivalent Variation | Income Subsidy vs Price Subsidy | Topic Discussed

1. Application of Indifference curve Analysis
2. Equivalent Variation
3. Excise Subsidy or Lump sum Income Subsidy

Theory of Consumer Demand

5.Normal Goods, Inferior goods, Giffen Goods, Substitutes, Complements, Income Offer curve, Price Offer curve, Engel curves (IES 2012)

Theory of Consumer Demand

1.Cardinal Utility Approach Topic discussed: Cardinal Utility Approach Assumptions Single commodity Case Consumer Equation in Multiple Commodity Case Derivation of Demand curve

NEW ONLINE BATCH : LIVE CLASSES : INDIAN ECONOMIC SERVICES 2021 / INDIAN ADMINISTRATIVE SERVICES (ECONOMICS OPTIONAL) : 5TH SEPTEMBER 2021, 9 AM

Indian Economic Services Coaching with live online classes and separate platform for Recordings.

WEEK 7 (DAY 1) : THEORY OF DISTRIBUTION: GENERAL ECONOMICS PAPER 1-INDIAN ECONOMIC SERVICES

Happy New Year. I am back after the break, several things happened in this break, life took over, you know. Anyways, let us start from where we stopped. I made two videos today.