- 15, February 2022
Theory of Consumer Demand
15. Revealed Preference Approach | Derivation of Demand curve using Revealed Preference | Derivation of Indifference curve using Revealed Preference| Topic Discussed:
- Revealed Preference : Theory
- Assumptions
- Revealed Preference Axiom
- 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:
- Intertemporal Choice of Consumption
- Cases of a Saver and a Borrower
Theory of Consumer Demand
11. Consumer Surplus | (IES 2010, 2011, 2014) Topic Discussed
- Consumer Surplus
- Producer Surplus
- Calculation of Equilibrium Price
- Calculation of Consumer Surplus and Producer Surplus
Theory of Consumer Demand
9. Slutsky equation and Demand Curve Topic Discussed:
- Slutsky Substitution effect
- Perfect Complements
- Perfect Substitutes
- Quasilinear Preference
- Rebating a Tax
- Compensated Demand Curve
- Normal Good
Theory of Consumer Demand
7. Applications of Indifference Curve Analysis | Compensating and Equivalent Variation | Income Subsidy vs Price Subsidy | Topic Discussed
- Application of Indifference curve Analysis
- Equivalent Variation
- Excise Subsidy or Lump sum Income Subsidy
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
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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.