WEEK 6 : WELFARE ECONOMICS AND THEORY OF DISTRIBUTION : GENERAL ECONOMICS PAPER I : INDIAN ECONOMIC SERVICES

This week, I have not been able to upload videos, as my father was hospitalised. He is fine now. I created some lessons but did not get time to upload them. Anyhow, my speed, which I pulled up last to last week, was halted a little due to these unforeseen circumstances previous week. I planned to complete, Welfare economics and Theory of Distribution by last week only, but could not do so. I will try to do them as soon as possible.

WEEK 5 : WELFARE ECONOMICS : GENERAL ECONOMICS PAPER I : INDIAN ECONOMIC SERVICES

This week was my vacation time, my students have exams, so this time of the year, we have some time off, but in reality, I didn’t have much, just immediately after coming back, I sat with recording these videos. Particularly, I made videos on Pareto efficiency, I went deeper into the topic, covering Chapters 31, 32 and 33 from Varian. These still pertain to Topic 5, Welfare Economics, General Economics Paper I.

INDIAN ECONOMIC SERVICES : REVEALED PREFERENCE THEORY

Revealed Preference Theory (IES 2019) Topic Discussed

• Revealed Preference Theory
• Assumption
• The principle of Revealed Preference
• Weak Axiom of Revealed Preference

INDIAN ECONOMIC SERVICES : INDIFFERENCE CURVE ANALYSIS AND UTILITY FUNCTION; DUALITY, INDIRECT UTILITY FUNCTION

Hello Guys, we have started our online classes again from 8th November this year. Here I am documenting what all we have completed this week, and within each class what is discussed, including the previous years questions which are discussed in each class/recording. You may look at this blogpost, as the set of question bank, when you are preparing your notes. I think I will take one more week to complete this topic 1, of Paper 1.

WEEK 4 (DAY 3 TO 7) : THEORY OF VALUE AND WELFARE ECONOMICS : GENERAL ECONOMICS PAPER I : INDIAN ECONOMIC SERVICES

In the last week, days 3 to 7, I completed videos pertaining to Theory of Value and have started Welfare economics, simultaneously. Some topics like Marshallian and Walrasian stability, cross subsidy free pricing are left, that I will be covering this week and will go deeper into welfare economics.

WEEK 4 (DAY 1 AND 2) : THEORY OF VALUE : GENERAL ECONOMICS PAPER I : INDIAN ECONOMIC SERVICES

When I start writing notes for these videos, sometimes I get too consumed in the depth I can cover, but then nearly every time, I have to remind myself, that I have to stick to the syllabus which is given. While doing Cournot, or Bertrand or Stackelberg Model, there is so much, which I can discuss, but then given the trends in the past years and syllabus, have to restrain myself.

WEEK 3 : THEORY OF VALUE : GENERAL ECONOMICS PAPER I (INDIAN ECONOMIC SERVICES)

My apologies for being little late in posting this weekly post. I was little occupied with ECOPOINT classes, so didn’t get the time to post it here. I started with Topic 3, Theory of Value, General Economics Paper 1, Indian Economic Services. I like this topic, there is a lot of room to play and discuss so many things, but I have kept myself restricted to the syllabus defined.

WEEK 2 : THEORY OF PRODUCTION : GENERAL ECONOMICS PAPER I (INDIAN ECONOMIC SERVICES)

This was a Diwali week, so it took a real effort to bring myself on the recording table time and again and record these. But you know, doing these recordings and teaching a class, is the best part of the day. I did, Theory of Cost, but apparently, this topic was not sufficiently separated in the syllabus, but they did ask questions, however sparingly these last years. There was only one topic, assigned specifically to Duality and Cost, and there was a question last year (2019) from it. I have also dealt with the same in the second heading, named Cost Functions for Perfect Complements, Perfect Substitutes and Max Functions.

WEEK 1 : THEORY OF PRODUCTION: GENERAL ECONOMICS PAPER I (INDIAN ECONOMIC SERVICES)

I have been making videos for Indian economic services for quite sometime, I thought of revamping the course many times, but now, I am determined that I have to do this, and make this course as useful for students as possible. This week, I tried to cover ‘Theory of Production’, (Topic 2 : Paper 1, Indian Economic services). In the syllabus, following topics are mentioned